FDI DEFINITION
Finance Secy TV Somanathan: There's a nudge for industry to opt for less automation, use more labour
Finance Secretary TV Somanathan said, "There is a continued focus on capital investment, fiscal prudence, and macroeconomic stability. If you're running a marathon, you must remain fit, and India is running a marathon towards 2047. The incremental change which has come is a strong focus on employment directly through fiscal incentives, indirectly, through encouragement of MSMEs, which are employment-intensive, and through an improvement of skills. Skilling will provide the way to match the rising demands for labour in industry. "
Now India can hope to have its own SpaceX and Blue Origin
Elon Musk's SpaceX and Jeff Bezos' Blue Origin lead the global space industry discourse. From reusable rockets to space tourism, these companies drive innovation in the space sector.
BIPAs vs FTAs: Balance of trade rests on finding an equitable equation
Both types of trade agreements have their merits and demerits. The government has to find the right mix to ensure investments that come into the country benefit the domestic economy in the long run.
'World Bank's biz-ready formula & startup concerns on budget agenda'
The Department for Promotion of Industry and Internal Trade (DPIIT) will take up for discussions lingering concerns of startups on issues around Angel tax, taxation of Employee Stock Option Plans and bank guarantee commitments in tenders in the upcoming budget to be presented after the general elections.
How 100% FDI via automatic route will help the space technology sector?
Amit N Mahajan expects FDI to empower companies for bigger programmes. Paras Defence & Space Technologies will explore opportunities in satellites and payload missions. Start-ups working with Paras will benefit. FDI will boost the Indian space industry. The company's growth trajectory is robust, maintaining a handsome growth rate. The medium term potential is strong with a projected CAGR of 30%.
Decision to ease FDI in space sector to boost startup ecosystem in satellite making, assembly
The government on Wednesday eased FDI norms and permitted 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment.
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India negotiating bilateral investment treaties with different countries to promote foreign inflow: FM
Finance Minister Nirmala Sitharaman said that foreign direct investment (FDI) has doubled during 2014-23 to USD 596 billion compared to the inflow received during 2005-14. While presenting the interim budget, India is negotiating this treaty with countries such as the UK. These investment treaties help in promoting and protecting investments in each other's countries.
India seen as a new locomotive taking the place of China, expect more FII flows in 2024: Swaminathan Aiyar
¡°Global investors are not particularly interested in state elections. They look at the larger picture. They have already assumed that Mr Modi is going to win in 2024. The state election win is a confirmation of what they were going to do, but I do not think it changes their view that Modi is going to win in 2024.¡±
India set to relax FDI norms in space sector in bid to give a boost to satcom
India is planning to liberalize its foreign direct investment (FDI) policy for the space sector. The government will allow up to 74% overseas ownership through the automatic route and up to 100% through the government route. This move aims to attract global investors in satellite communications and enable Indian companies to access the latest technologies in satellite manufacturing and operations.
Cabinet clears Advent's acquisition of Suven Pharma for Rs 9,589 crore
The Indian government has approved a foreign direct investment (FDI) proposal worth Rs. 9,589 crore in Suven Pharmaceuticals Limited. Private equity firm Advent International will acquire a 50.1% stake in the company for Rs. 6,313 crore, with plans to launch an open offer for an additional 26%.
FDI in information and broadcasting sector surges 231% to Rs 3,745 crore in FY23
FDI in the sector more than doubled to Rs 820 crore in the fourth quarter ended March from Rs 375 crore a year earlier. On a sequential basis, investments by foreign investors dropped by 47% during the quarter against Rs 1,535.2 crore in the third quarter ended December 2022.
Up to 41% upside potential: 9 companies that generate high profits, can consistently provide good returns
Despite phases of high and low volatility, the stocks that were profitable in the previous decade delivered significantly higher returns against market benchmarks across multiple time frames. Such outperformance was visible across market capitalisations.
Taiwan's FDI in India to increase by eight times
Simon Lee, president of Taiwan Chamber of Commerce told ET that these investments will mainly be in the electronics and non-leather footwear sectors over the next three years
India targets 7 per cent economic growth this year, expects to cross it in next 5 years: Jaishankar
"We are targeting 7 per cent growth this year, but we expect it to improve in the next five years. And definitely, we would stay in 7-9 per cent range at least for a decade and a half," Jaishankar said at the Raisina@Sydney Business Breakfast.
Is it time to buy global cyclicals, banks and consumer stocks? Amit Gupta answers
¡°If you are not making money in the OEMs and are more into the consolidating phase, how can you make money? You need to go one step back, look at the B2B companies which are providing materials to all of these suppliers. All of these cement manufacturers and that is where you can make money. For example, AIA Engineering is one stock we have been tracking.¡±
Small companies have a new definition. Will it help?
The Government has been dedicated to taking initiatives and steps to create a more conducive business environment for law-abiding companies, including a reduction of compliance burden on such companies.
Unfavourable environment for EMs like India: Rob Subbaraman, Nomura
Rob Subbaraman, Head of Global Macro Research at Nomura, in an interview with Anand JC explains why emerging markets are in trouble, how the ban on food exports can lead to a global crisis, and why India needs a lot more than just a PLI scheme to catch up with China in manufacturing and FDI.
Diverse opportunities make India FDI magnet, says CPPIB's John Graham
CPPIB manages more than $500 billion (?33 lakh crore) of assets worldwide, but only 3.06% of the corpus has been deployed in India so far.
Rs 3,343 crore received as FDI in defence since 2014: Govt
To another question, Bhatt said the government created the Defence AI (Artificial Intelligence) Council (DAIC) in 2019 for providing necessary guidance to enable and effect the development of an operating framework for the adoption of the application of AI in the defence sector. Bhatt also said that the budget allocated and utilised in the past three years for the research and development of indigenous defence aircraft was Rs 3,280 crore and Rs 2,835 crore respectively.
Govt brings clarity in policy for FDI in real estate business
According to a Press Note of the Department for Promotion of Industry and Internal Trade (DPIIT), it is clarified that FDI is not permitted in an entity which is engaged or proposes to engage in real estate business, construction of farm houses and trading in transferable development rights.
Budget: Nurturing entrepreneurship through appropriate support measures, incentives
India houses the third-largest cluster of startups in the world. Indian startups raised a record $24.1 billion in 2021, a two-fold increase over pre-Covid levels, while $6 billion were raised via public markets with 11 startup IPOs.
Cabinet may take up FDI proposal for LIC next week
India allows foreign direct investment (FDI) up to 74% in the insurance sector, but this does not apply to LIC, which is governed by the LIC Act. The government may now allow up to 20% foreign investment in the insurer that plans to list by the end of this fiscal year.
How ease of doing business can be made more effective for entrepreneurs
To translate the vision of GoI on entrepreneurship into reality, the next generation of reforms needs to be focused on reducing the compliance burden for entrepreneurs and ensuring the availability of funding for them.
2021 Year in Review: The chaos and confusion around India¡¯s ecommerce rules
Here's a review of the key developments in the ecommerce space in 2021.
India has faced Covid crisis with resilience and fortitude: Sitharaman
Observing that despite the pandemic, India received its highest ever FDI inflows of USD 82.0 billion in fiscal 2020-21, the finance minister said this trend in India's FDI is an endorsement of its status as a preferred investment destination amongst global investors.
Niti Aayog rejects key parts of ecommerce draft rules
The Niti Aayog was responding to amendments proposed to the Consumer Protection (E-Commerce) Rules, 2020. It pointed out that issues related to competition, law enforcement, intermediary liability and data protection did not fall within the ambit of the Department of Consumer Affairs and should be dealt with by the respective ministries, which have the competence to handle complex issues. ET has seen Niti Aayog¡¯s July 14 response.
Exclusive: Ant Group may hit a bump post IPOs of Paytm, Zomato
Ant Group will be unable to get Paym or Zomato shares via rights and bonus issues easily due to the curbs on Chinese foreign investment into India.
Etailers differ on e-commerce FDI policy in meeting with DPIIT
While Amazon and Flipkart sought policy stability, Tata and Reliance wanted loopholes plugged
Rajya Sabha passes bill to hike FDI in insurance sector to 74 pc
As per the bill, the majority of directors on the board and key management persons would be resident Indians, with at least 50 per cent of directors being independent directors, and specified percentage of profits being retained as a general reserve.
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