The Lok Sabha on Monday gave a green signal to a bill that seeks to increase foreign direct investment (FDI) in the insurance sector from 49 percent to 74 percent. The Insurance (Amendment) Bill, 2021 was passed by Rajya Sabha last week.
The government is considering to tweak norms for e-commerce companies having FDI to prohibit them from selling products of vendors in which these online marketplaces or their parent firms hold stake indirectly, according to sources.
Telecom major Bharti Airtel on Tuesday said that it has received required regulatory approvals for 100 per cent foreign direct investment in its downstream companies.
The company got listed on stock exchanges in April 2018 and the government had raised Rs 438 crore by selling 26 per cent stake through IPO.
The tense relations between India and China has affected the investment of Chinese companies as the foreign direct investment (FDI) of Chinese companies in India has declined significantly in the last three years, Minister of State for Finance Anurag Thakur said in a reply to a question in the Lok Sabha.
The Maharashtra government on Thursday approved a proposal to provide automatic, accelerated permission to FDI and industrial investment plans of Rs 50 crore and more in the state. The proposal was approved by the cabinet at its meeting here.
Foreign direct investment (FDI) in India rose by 13 per cent - the sharpest pace in the last four fiscals - to a record of USD 49.97 billion in 2019-20, according to official data. The country had received FDI of USD 44.36 billion during April-March 2018-19.
From now on, any Chinese company wanting to invest in India will require permission from the government
Foreign direct investment (FDI) into China fell 8.6 per cent year on year in the first two months of 2020 amid combined impacts of coronavirus and the extended Chinese New Year holidays, a commerce official said Friday, warning a grim scenario for the rest of the year.
India was among the top 10 recipients of Foreign Direct Investment in 2019, attracting USD 49 billion in inflows, a 16 per cent increase from the previous year, driving the FDI growth in South Asia, according to a UN report released on Monday.
The decision, likely to be considered by the Prime Minister's Office (PMO), would be a paradigm shift in India's nuclear power policy, and subsequently open the gates for multinational companies to invest in the country's nuclear energy projects.
As per the report of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry, Gujarat attracted FDI of Rs 24,012 crore between April and September of the current fiscal, which is double than the entire investment received last year, the state government stated in a release.
The government is contemplating a budget announcement to hike the foreign direct investment (FDI) limit in the aviation sector from 49 percent to 100 percent to attract international bids for Air India, slated for sale this financial year.
Seeking to ensure aviation biggies' participate in the bidding for Air India sale, the government may dilute substantial ownership and effective control (SOEC) clause in the FDI guidelines for the airline sector. Official sources said the Department for Promotion of Industry and Internal Trade (DPIIT) has been discussing the proposal with administrative Civil Aviation Ministry.
Foreign direct investment into India grew by 28 per cent to USD 16.33 billion during the first quarter of the current fiscal, according to government data. Inflow of foreign direct investment (FDI) during April-June of 2018-19 stood at USD 12.75 billion.
Seeking to make India more attractive FDI destination globally, Sitharaman had said that government would examine suggestions of further opening up of FDI in aviation, media (animation) and insurance sectors in consultation with all stakeholders.
Central Bureau of Investigation (CBI) on Wednesday has booked senior journalist Prannoy Roy and others in a new case against NDTV for alleged FDI violation, reports PTI.
India's leading private sector bank, HDFC has revised the rate of interest on Fixed Deposit (FD) amount below the amount of two crore rupees. These new changes in FD rates have come into effect from July 22.
Budget 2019-20: The American corporate sector on Friday hailed the maiden Budget of Finance Minister Nirmala Sitharaman, noting that it is not only inclusive but also attractive for foreign investments. President of US India Strategic and Partnership Forum (USISPF) Mukesh Aghi said the budget is inclusive and policy decisions are encouraging for American companies.
India's defence industry received foreign direct investment (FDI) of a meagre USD 2.18 million during 2018-19, the Parliament was informed on Wednesday.
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