FDI

Rajya Sabha passes bill to raise FDI in insurance

New Delhi: Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go…

Indian economy may contract 25 per cent in current fiscal: Economist Arun Kumar

New Delhi: The Indian economy is not recovering as fast as the government claims and the country’s economy may contract 25 per cent in the current financial year, noted economist Arun Kumar said on Sunday.…

India will be among top three economies of the world, Ambani tells Zuckerberg

Mumbai: Even while the domestic economy is showing very little signs of recovery and growth, India’s richest man Mukesh Ambani on Tuesday reaffirmed his belief that India will grow to be among…

UAE: New FDI regime to allow 100 percent foreign ownership of firms

Dubai: The United Arab Emirates (UAE) allowed 100 percent foreign ownership of the firms in the country. After the landmark reform that was approved by the President, His Highness Sheikh Khalifa bin…

Amazon Web Services to invest Rs 20,761 Cr. in Telangana

Hyderabad: Telangana government on Friday announced that Amazon Web Services (AWS) has come forward to set up multiple data centers in the state at a huge investment of Rs 20,761 crore ($2.77…

Govt trying to attract FDI in infrastructure sector: Nitin Gadkari

New Delhi: The Central government is making efforts to attract foreign direct investment (FDI) in the infrastructure sector, Union Minister Nitin Gadkari said on Tuesday. Addressing a webinar on road development in…

India must aim to attract largest FDI share in the world: Prasad

New Delhi: India ranks as the second-largest telecommunications market globally and is on the cusp of a transformational change which will require more foreign direct investments (FDIs), Minister of Communications Ravi Shankar…

India’s CA balance deficit grew to $68bn in 2018-19: IMF

UNITED NATIONS:  India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was…

55 FDI proposals received till June this year: Goyal

New Delhi: Fiftyfive FDI proposals have been received till June this year, government said in the Rajya Sabha on Friday. The number of FDI proposals received under Government approval route in the…

Jobs, corruption, taxing: Did PM Modi fulfil his economic promises?

MUMBAI: Prime Minister Narendra Modi swept to power five years ago on a business-friendly manifesto that promised to shake up Asia’s third-largest economy and boost employment. As Modi, 68, seeks a second…

FDI inflow in April-Dec fall 7% to $33.5 billion

NEW DELHI: Foreign direct investment (FDI) into India in April-December 2018 declined by 7 per cent to $33.5 billion over $36 billion received during the same period of the last fiscal, according…

Brexit may bring long-term gains for India: Experts

NEW DELHI: Britain is set to leave the European Union on March 29 and concerns remain across the globe with the financial markets already jittery over the possibility of a no-deal Brexit.…

Ashok Chawla steps down as NSE chairman

New Delhi: The National Stock Exchange (NSE) Chairman Ashok Chawla stepped down from his position on Friday. The resignation comes hours after the Central government gave prosecution sanctions to six former Foreign…