GAAR panel expanded to cover non-resident tax payers
September 1st, 2012 - 7:56 pm ICT by IANS
New Delhi, Sep 1 (IANS) The government Saturday expanded the scope of the expert committee on General Anti-Avoidance Rules (GAAR) to include all non-resident tax payers, even as the committee ... Read more...
Posted in Business |
PM refers tax on portfolio investments to GAAR Committee
July 30th, 2012 - 9:19 pm ICT by IANS
New Delhi, July 30 (IANS) Prime Minister Manmohan Singh Monday referred the issue of implications of amendment to taxation of portfolio investment on FIIs and portfolio investors to the ... Read more...
Posted in Business |
SBI teams with Geojit BNP Paribas for NRI stocks investments
June 4th, 2012 - 6:59 pm ICT by IANS
Kochi, June 4 (IANS) Geojit BNP Paribas Financial Services and State Bank of India inked an agreement to extend Portfolio Investment Services (PIS) to non-resident Indian (NRI) customers, mainly ... Read more...
Posted in Business |
Rupee hits a new low of 55.47 against dollar
May 22nd, 2012 - 8:49 pm ICT by IANS
Mumbai, May 22 (IANS) The Indian rupee Tuesday slipped to 55.47 against a dollar, hitting a fresh record low for the fifth session in a row, due to increased ... Read more...
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Pakistan’s foreign investment drops
November 22nd, 2011 - 1:55 pm ICT by IANS
Islamabad, Nov 22 (IANS) The State Bank of Pakistan's latest data show that investors remained cautious in injecting foreign investment in Pakistan, which witnessed a fall of 58 percent in ... Read more...
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India, UAE sign manpower agreement
September 13th, 2011 - 10:43 pm ICT by IANS
New Delhi, Sep 13 (IANS) India and United Arab Emirates (UAE) Tuesday signed a memorandum of understanding (MoU) on manpower which will facilitate Indians workers who are headed to the ... Read more...
Posted in Uncategorized |
Ukrainian tycoon buys Britain’s costliest apartment
April 19th, 2011 - 10:50 pm ICT by IANS
Donetsk (Ukraine), April 19 (IANS) Ukrainian tycoon Rinat Akhmetov has purchased Britain's most expensive apartment for over $220 million.Though the three-storey apartment in the luxury One Hyde Park residential complex ... Read more...
Posted in Uncategorized |
Indian mutual funds welcome nod for foreign investors
February 28th, 2011 - 10:59 pm ICT by IANS
Chennai, Feb 28 (IANS) Indian mutual funds have welcomed Finance Minister Pranab Mukherjee's proposal to allow foreign investors to invest in their equity schemes though they say registering their funds overseas ... Read more...
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Foreign Direct Investment in India to be more user friendly
February 28th, 2011 - 3:25 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Mukherjee today said that to make the Foreign Direct Investment (FDI) policy more user friendly, all prior regulations and guidelines have been ... Read more...
Posted in National |
Highlights of Union Budget 2011-12 (Part-II)
February 28th, 2011 - 1:09 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Minister on Monday presented the Union Budget 2011-12 in the Parliament.Highlights of Union Budget 2011-12 are as follows:* New Public debt management bill ... Read more...
Posted in National |
US diplomat case may affect Pakistani stock market
February 23rd, 2011 - 3:11 pm ICT by IANS
Islamabad, Feb 23 (IANS) The tone of the stock market in Pakistan for the next few weeks may be adversely affected due to the current sensitivity of ties between Washington and Islamabad, ... Read more...
Posted in South Asia |
Government okays FDI proposals worth Rs.4,341 crore
January 13th, 2011 - 6:27 pm ICT by IANS
New Delhi, Jan 13 (IANS) The government has approved 19 foreign direct investment (FDI) proposals worth Rs.4,340.77 crore (Rs.43.40 billion) from groups such as Tata Steel, Future Ventures and Hindalco Industries. The ... Read more...
Posted in Business |
Capital flows no problem yet for India: PM
November 13th, 2010 - 1:46 am ICT by IANS
By Arvind Padmanabhan
On Board Air India One, Nov 13 (IANS) Capital flows into India are not a problem as yet and are not causing inflation in a manner that can be ... Read more...
Posted in Business |
India needs no control on capital flows yet: Montek
November 11th, 2010 - 12:34 am ICT by IANS
By Arvind Padmanabhan
Seoul, Nov 10 (IANS) In a statement that should please investors both in Indian projects and capital markets, Planning Commission Deputy Chairman Montek Singh Ahluwalia Wednesday said there was ... Read more...
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REC gets RBI nod to raises FII stake limit to 35 percent
October 1st, 2010 - 5:01 pm ICT by IANS
New Delhi, Oct 1 (IANS) State-owned Rural Electrification Corporation (REC) said Friday it has got approval from the Reserve Bank of India to raise the foreign institutional investor stake limit in the ... Read more...
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No tax on overseas capital inflows, says PM
June 29th, 2010 - 1:47 pm ICT by IANS
By Arvind Padmanabhan
On Board Air India One, June 29 (IANS) In what should be music to the ears of foreign funds, Prime Minister Manmohan Singh Tuesday ruled out tax on capital ... Read more...
Posted in Business |
U.K. Sinha report on FIIs next month
March 15th, 2010 - 11:01 pm ICT by IANS
New Delhi, March 15 (IANS) A working group set up by the finance ministry to review foreign portfolio investment policy will submit its report in April, a finance ministry official said Monday.
The ... Read more...
Posted in Business |
Resilient India looking to future with confidence and hope: PM
November 8th, 2009 - 3:30 pm ICT by ANI
New Delhi, Nov.8 (ANI): India should achieve seven percent growth next year with a good monsoon, and a target of eight to nine percent growth in the medium term is eminently ... Read more...
Posted in National |
India will be made more attractive for investment: PM
November 8th, 2009 - 1:00 pm ICT by IANS
New Delhi, Nov 8 (IANS) Prime Minister Manmohan Singh Sunday said India will open its doors further to foreign investment and invited entrepreneurs from across the globe to participate in a ... Read more...
Posted in Business |
Commodity exchanges get six months to cut foreign holding
September 30th, 2009 - 5:26 pm ICT by IANS
New Delhi, Sep 30 (IANS) Commodity exchanges in which foreign holding has exceeded permissible levels will get time till March to bring down the excess foreign holding, the government said Wednesday. The ... Read more...
Posted in Business |
Foreign direct investment in Brazil plunges 60 percent
August 26th, 2009 - 12:46 pm ICT by IANS
Rio de Janeiro, Aug 26 (EFE) Foreign direct investment (FDI) in Brazil totalled $1.29 billion last month, down 60.3 percent from July 2008, the central bank has said.
FDI was also down 11.2 ... Read more...
Posted in Business |
Pak FI drops 12 percent in first month of fiscal 2009/10
August 17th, 2009 - 7:35 pm ICT by ANI
Karachi, Aug.17 (ANI): The State Bank of Pakistan (SBP) has in its latest report revealed that foreign investment in Pakistan has fallen by 12 per cent to 195.6 million dollars in the ... Read more...
Posted in Business |
Foreign investment in Brazil falls 39 percent
April 23rd, 2009 - 7:05 pm ICT by IANS
Rio de Janeiro, April 23 (EFE) Brazil received $5.34 billion in foreign direct investment (FDI) during the first quarter of 2009, down 39.2 percent from the same period in 2008, the country's ... Read more...
Posted in Business |
‘This is good time for US investors to return to India’
April 16th, 2009 - 7:28 pm ICT by IANS
New Delhi, April 16 (IANS) Urging for "greater US investment flow" into India, a top diplomat said here Thursday that this was a good time for foreign institutional investors (FIIs) to return ... Read more...
Posted in Business |
FDI flow to India will remain robust: Goldman Sachs
April 6th, 2009 - 5:11 pm ICT by IANS
New Delhi, April 6 (IANS) The global economic slowdown will not affect the foreign direct investment (FDI) flow to India as the domestic demand remains "resilient", investment banker Goldman sachs said Monday.
"FDI ... Read more...
Posted in Business |
Worst is not over for Indian economy: Moody’s
March 20th, 2009 - 5:59 pm ICT by IANS
New Delhi, March 20 (IANS) The Indian economy is unlikely to grow more than five percent in 2009 as "the worst of the global economic crisis is yet to come", according to ... Read more...
Posted in Business |
Carlos Slim , the Mexican billionaire to invest Citigroup
November 27th, 2008 - 3:49 pm ICT by Amrit Rashmisrisethi
Mexican billionaire, Carlos Slim to invest in Citigroup , where the billionaire purchased a one per cent stake in Citigroup, the analyst say the financial giant is recently rescued by the ... Read more...
Posted in Business |
Real Estate pitches for more foreign direct investment
February 27th, 2008 - 3:23 pm ICT by admin
Mumbai, Feb 27 (IANS) The booming realty sector wants a status equal to telecom and aviation with amendments in the foreign direct investment guidelines to boost construction and infrastructure development in the ... Read more...
Posted in Business |