India’s cumulative FDI inflow crosses $1 trillion
Dec 12, 2024, at 11:16 pm
New Delhi: India has achieved a significant milestone of surpassing $1 trillion in cumulative foreign direct investment (FDI) inflows since April 2000, driven by its enhanced global competitiveness, a robust innovation ecosystem, and an investor-friendly business environment, according to the commerce and industry ministry on Thursday.
India's outward FDI grows $3.24 billion in Oct 2024: RBI data
Nov 14, 2024, at 06:32 am
Mumbai: India’s outward foreign direct investment (FDI) commitments reached $3.24 billion in October 2024, rising from $2.55 billion in October 2023. However, on a month-over-month basis, commitments declined from $3.77 billion in September 2024, according to the Reserve Bank of India (RBI).
Govt to summon Flipkart, Amazon executives over FDI rules violations: Report
Nov 11, 2024, at 10:49 pm
New Delhi/IBNS: The Indian government is set to summon executives from Flipkart and Amazon as part of an expanded investigation into potential violations of foreign investment regulations, according to a report by Reuters.
Piyush Goyal discusses investment avenues with existing and potential US investors
Oct 02, 2024, at 06:27 am
New York: Commerce and Industry Minister Piyush Goyal chaired a roundtable discussion with young CEOs and entrepreneurs of Indian origin in New York organised by the Consulate General of India to discuss the business landscape of India and provide suggestions for reforms.
India's net FDI rises to $5.5 billion in Q1FY25: RBI report
Sep 21, 2024, at 03:32 am
Mumbai: India's net foreign direct investment (FDI) rose to $5.5 billion during the April-July period of the current financial year (FY25), up from $3.8 billion in the same period last year, Business Standard reported citing the latest Reserve Bank of India (RBI) report.
Maharashtra got half of India's FDI in Q1FY25: Devendra Fadnavis shares DPIIT stats on X
Sep 08, 2024, at 07:00 am
Mumbai: Maharashtra has bagged half of India's foreign direct investment (FDI) in the first quarter of the 2024-25 financial year, said Deputy Chief Minister Devendra Fadnavis.
Singapore plans to make major investment in India in coming years: Piyush Goyal
Sep 06, 2024, at 06:40 am
New Delhi/IBNS: Union Commerce and Industry Minister Piyush Goyal Thursday said Singapore has already invested about $150 billion in India and is ready to invest five times that amount in the coming years.
Govt permits 100% FDI via automatic route for aircraft maintenance, repair and overhaul
Aug 03, 2024, at 05:47 am
New Delhi: In a major boost to the domestic MRO industry and to the aviation sector, the Centre has announced a uniform rate of 5% IGST on imports of parts components, testing equipment, tools and tool-kits of aircraft, irrespective of their HSN classification subject to specified conditions.
Piyush Goyal rules out change in govt's stance on Chinese FDI
Jul 30, 2024, at 10:33 pm
New Delhi: Commerce Minister Piyush Goyal stated Tuesday that the Indian government is not reconsidering its position on foreign direct investment (FDI) from China, indicating that the country may continue to impose stricter scrutiny on investments from Beijing, media reports said.
India drops to 15th place in FDI rankings, as investment inflows drop by 43%: UNCTAD report
Jun 21, 2024, at 05:11 am
New Delhi: India dropped seven places to 15th in the 2023 World Investment Ranking as foreign direct investment (FDI) inflows decreased by 43% to $28 billion, according to a report by the United Nations Conference on Trade and Development (UNCTAD) released on June 20.
4.1 crore shares of Star Health change hands in block deal as 3 FDIs offload stake
May 23, 2024, at 09:57 pm
Mumbai: Around 4.1 crore shares of Star Health and Allied Insurance, representing a 7.05 percent stake in the company, were exchanged in block deals on the stock exchanges, media reported.
Centre notifies liberalised norms for FDI in space sector
Apr 18, 2024, at 04:34 am
New Delhi: The government on Wednesday notified changes to the foreign direct investment regulations in the space sector, aiming to attract international investors into satellite manufacturing and satellite launch vehicle sectors.
India eyes US$100 billion annual FDI from investors looking to diversify from China
Apr 07, 2024, at 08:36 pm
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
More FDI in services than manufacturing despite Centre's Make-in-India push
Dec 28, 2022, at 11:05 pm
New Delhi/UNI: Foreign direct investment (FDI) into India's services sector rose to US$ 153.01 bln in the April 2014 to March 2022 period from US$ 80.51 bln during April 2000 to March 2014, rating firm India Ratings and Research (Ind-Ra) said in a report on Wednesday.
Govt may ease restrictions on certain Chinese FDI to boost inflow: Report
Jan 12, 2022, at 02:38 pm
New Delhi/IBNS: The government may ease restrictions on some foreign direct investment after rules aimed at filtering out Chinese investments hindered inflow, Bloomberg reported.
Chinese FDIs in India only through govt route: Centre
Dec 13, 2021, at 02:20 am
New Delhi/IBNS: The government has amended the FDI policy according to which an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route, Ministry of Commerce & Industry has said.
Yahoo India shuts down news operations over Modi govt's new FDI rules
Aug 26, 2021, at 04:56 pm
New Delhi/IBNS: The Indian arm of American web service provider Yahoo Thursday shut down its news operations in the country over the central government's new Foreign Direct Investment (FDI) rules.
Lok Sabha passes Insurance Amendment Bill, 2021
Mar 23, 2021, at 12:18 am
New Delhi/UNI: The Lok Sabha on Monday passed the Insurance (Amendment) Bill, 2021 by voice vote.
Global foreign direct investment halved amid pandemic, but China remained resilient
Oct 27, 2020, at 07:01 pm
New York: Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization UNCTAD showed on Tuesday.
Apr 18, 2020, at 06:23 pm
New Delhi/IBNS: The Government of India has reviewed the extant Foreign Direct Investment(FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic and amended para 3.1.1 of extant FDI policy as contained in Consolidated FDI Policy, 2017.
Union Cabinet gives nod for Ordinance to bring FDI in coal mining
Jan 09, 2020, at 02:28 am
New Delhi/UNI: Aiming to bring investments in coal mining, the Cabinet on Wednesday gave approval for the promulgation of Mineral Laws (Amendment) Ordinance 2020.
Union Budget proposes permitting 100% FDI for insurance intermediaries
Jul 05, 2019, at 04:09 pm
New York, July 5 (IBNS): It is being contemplated to permit 100% Foreign Direct Investment (FDI) for insurance intermediaries, announced Union Minister of Finance and Corporate Affairs Nirmala Sitharaman while presenting the Union Budget 2019-20 in the Parliament on Friday.
Companies likely to seek extension of FDI rules deadline for e-commerce
Jan 05, 2019, at 12:32 pm
Mumbai, Jan 5 (IBNS): Several online companies, including Flipkart, are likely to seek an extension of the deadline to follow the recent changes in the Foreign Direct Investment (FDI) rules for e-commerce, media reports said.
Jan 11, 2018, at 10:40 pm
New Delhi, Jan 11 (IBNS): Foreign airlines will be allowed to invest up to 49 per cent in Air India via the approval route after the Union Cabinet chaired by Prime Minister Narendra Modi gave its approval to a number of amendments in the Foreign Direct Investment (FDI) Policy, according to media reports on Thursday.
Government restored the credibility of Indian economy: Jaitley
Jun 02, 2017, at 02:56 am
New Delhi, June 1 (IBNS): Union Minster of Finance, Defence and Corporate Affairs, Arun Jaitley said that after the present NDA Government came to power in May, 2014, it has been able to restore the credibility of the Indian economy which was at its lowest ebb due to serious charges of corruption and indecisiveness during the earlier UPA regime.
FDI in trading of Food Products
Mar 14, 2017, at 11:11 pm
New Delhi, Mar 14 (IBNS): Union Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti in a written reply on Tuesday informed the Lok Sabha the steps her department has taken recently regarding Foreign Direct Investment (FDI).
Cabinet approves simplification and liberalisation of FDI policy in diff sectors
Sep 01, 2016, at 12:47 am
New Delhi, Aug 31 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday given its ex-post-facto approval for the FDI policy amendments announced by the Government on June 20.
Govt introduces 100 pct FDI in civil aviation
Jun 21, 2016, at 05:44 am
New Delhi, June 20 (IBNS): In a major reform, the Union Government radically liberalized the FDI regime on Monday and permitted 100% foreign ownership in defence and civil aviation.