The Reserve Bank of India (RBI) issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI.
The inflow came following a net investment of Rs 22,363 crore into the Indian debt market in July, Rs 14,955 crore in June and Rs 8,760 crore in May.
Earlier in July, Chief Economic Adviser V. Anantha Nageswaran said New Delhi should focus on Foreign Direct Investments from China to boost its exports and help keep India's growing trade deficit with Beijing in check.
While presenting the Union Budget 2024 on Tuesday, Finance Minister Nirmala Sitharaman announced that the "Angel Tax" would be abolished. This decision is expected to significantly benefit Indian startups and foster a better environment for their growth.
India's robust economic growth and investor-friendly policies position it as an attractive emerging market, drawing foreign investments despite global challenges. FDI is expected to rise in 2024, driven by healthy macroeconomic indicators and production-linked incentive schemes.
Sitharaman lambasted the Western media which has a tendency to document only inimical happenings to create an atmosphere of anxiety among the business fraternity.
Prime Minister Narendra Modi on Thursday held a "comprehensive" meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 pandemic.
Chief Economic Advisor Krishnamurty Subramaniam on Tuesday said India must tap foreign investment to trigger investment cycle that will lead to higher growth of 8 per cent which is needed for becoming a $5 trillion economy by 2025.
FPIs invested a net Rs 10,384.54 crore in June, Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February into the Indian capital markets.
Strongly objecting to government think tank Niti Aayog's proposal to transition to electric vehicles (EVs) for three-wheelers by 2023 and two-wheelers by 2025, the two companies said the policy has not been made with adequate study and diligence.
The chief minister is likely to return on September 28, they said.
According to the latest depository data, foreign portfolio investors (FPIs) pumped in Rs 2,409 crore into equities and Rs 5,168 crore into the debt market during August 1-17, taking the total to Rs 7,577 crore.
To the Korean businessmen, he said India is now ready for business and promised to do whatever is required to "promote and protect" their investment.
Market analysts attribute the recent inflow to improvement in global sentiment as well as the government's recent announcement on recapitalising state-run banks
Speaking at the India Energy Forum, Saudi Aramco CEO Amin H Nasser said the company is looking to invest in refineries and petrochemical projects in India.
India crossed the $300 billion (approx Rs 20.4 lakh crore) foreign direct investment (FDI) milestone between April 2000 and September 2016, firmly establishing its credentials as a safe investment destination in the world.
Nikki Haley has said that US businesses were “nervous about investing in India” and that there was a need for foreign companies to “know someone in the government” in order to do business here.
Aimed at reducing the number of tax disputes India is involved in with top multi-national companies, the government is now looking to expedite the resolution process and do so aggressively.
Finnish state-run utility Fortum Corp has said it will invest anywhere between Rs 1,500 crore to Rs 3,000 crore in India’s burgeoning solar energy sector. This will be the clean energy company’s first international foray as part of its diversificatio
Mumbai: Canada-based passenger trains manufacturer Bombardier has said it is in plans to develop India as the exports hub for its products and solutions to cater to Europe, South America and the Middle East markets."With
Top News
Latest News
