Free Press Journal
  • FPIs pull out Rs 32,000 crore in 3 weeks of October

    New Delhi: Foreign investors have pulled out close to Rs 32,000 crore from the Indian capital markets in the first three weeks of this month due to the ongoing global trade tiff, rising crude prices and higher US treasury yields. This is much higher than the over Rs 21,000 crore net outflow seen in entire September. Prior to that, overseas investors had put in a net amount of Rs 7,400 crore in

  • Single regime likely for FPI, NRI fund outflows

    New Delhi: A Sebi panel may soon suggest merger of foreign portfolio investment and NRI/OCI routes to bring in a single regime for foreign investors and regulate NRI fund inflows, senior officials said. Besides, the panel may suggest to the capital markets regulator to clarify suitable actions that FPIs need to take for divestment or re-classification of holdings as per the FDI limits after consultation with the Reserve Bank, they said. Further,

  • Tinkering with tariffs futile

    Early on in its tenure, the Modi Government through its actions, and non-actions, served notice that the prime minister is not a liberaliser. He does not  believe in further opening up of the economy to foreign and domestic businesses. Nor does he believe in  disinvestment of loss-making public sector undertakings. Nor, for that matter,  would he offer special incentives to attract foreign investment. Modi is content to carry on as before, without

  • Maharashtra cabinet passes pro-industry policies to attract USD 200 crore of investments

    Mumbai: Ahead of Magnetic Maharashtra – an investment summit scheduled February 18 to 20 in Mumbai, the cabinet meeting chaired by chief minister Devendra Fadnavis on Tuesday approved several policies related to industries to woo foreign investment in the state. Among the major policies approved in the cabinet on Tuesday, the Maharashtra Aerospace, Aviation and Defence Sector Manufacture Policy.

  • Aircel-Maxis FIPB clearance: CBI summons Karti Chidambaram

    New Delhi: The CBI has summoned Karti Chidambaram, son of former finance minister P Chidambaram, in connection with its probe into the Foreign Investment Promotion Board (FIPB) clearance given to the Aircel-Maxis deal in 2006.

  • Air India privatisation gets a boost as KKR, Warburg Pincus show interest in acquisition

    India’s national carrier, Air India’s privatisation bid has got another boost as Private equity funds KKR and Co. and Warbug Pincus are the latest to express interest in acquiring Air India’s businesses, according to two people directly aware of the development in the acquisition process. The two buyout firms have separately sought details of the proposed privatisation process of the national carrier that was cleared by the union cabinet headed by Prime Minister Narendra

  • Scrapping of FIPB holds promise of more FDI

    True to the intent expressed in the last annual budget, Finance Minister Arun Jaitley has abolished the Foreign Investment Promotion Board (FIPB) that has been vetting foreign investment proposals that exceeded Rs 3,000 crore. Introduced in the wake of liberalization, the FIPB had lost its value with nearly 95 per cent of FDI coming through the automatic route in recent years. Only in 11 sectors, there was need for prior government approval

  • Govt clears 89 FDI proposals in retail

    New Delhi : Government on Monday said it has approved 89 proposals for foreign investment in single brand retail trading (SBRT) and one in the multi-brand sector up to March.

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    Govt notifies changes in FDI policy

    New Delhi: The government today notified changes in the foreign direct investment (FDI) policy in sectors including pharmaceuticals, defence and single-brand retail. These decisions were announced earlier in the week with a view to make India more investor friendly and an attractive FDI destination.

  • PM Modi holds delegation-level talks with Swiss President

    Geneva: Prime Minister Narendra Modi on Monday held delegation-level talks with Switzerland President Johann Schneider Ammann in Geneva. “A closer engagement with the heart of Europe. President and PM lead delegation level talks #IndiaSwitzerland,” tweeted Ministry of External Affairs (MEA) official spokesperson Vikas Swarup.

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    Ease foreign investment protocols for ‘Make in India’ success: GIFAS chief

    Singapore: Marwan Lahoud, the Chief Strategy and Marketing Officer of the Airbus Group UK and chairman of the French aerospace industries association GIFAS, has said that he is very optimistic about the “Make in India” initiative announced by the Narendra Modi-led government, but has urged New Delhi to be less rigid in facilitating ease of doing business for foreign investment.

  • Andhra eyes big-ticket deals at CII Partnership Summit

    Hyderabad: Andhra Pradesh is looking to sign some big ticket deals at the three-day CII Partnership Summit beginning Sunday in Visakhapatnam to attract foreign investment and turn the state into a manufacturing hub.

  • CM to solicit investment during Singapore visit

    BHOPAL: Chief minister Shivraj Singh Chauhan will embark on a tour of Singapore from January 12 to 15 with a high-level delegation to promote foreign investment in the state. Chauhan would be accompanied by industries minister Yashodhara Raje Scindia, senior officials and major industrialists. The delegation would meet major companies in Singapore, industrial groups and business organisations and invite them for Global Investors Summit to be held in 2016 in the state.

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    Reforms are on course

    Last week the Government further opened up 15 major sectors of the economy for foreign direct investment. Among these were key sectors such as defence, civil aviation and broadcasting. Investment norms were eased in construction, agriculture and banking as well. Even in the media, caps on foreign investment were raised with a few conditions. Overall, the intention was to signal that the reforms process was very much on course and despite the

  • Why bring foreign companies to build AP capital: Congress

    Hyderabad: Congress today questioned the reported participation of foreign companies in the proposed building of the capital for Andhra Pradesh and alleged the lands are being given to them of 99-year lease. “And I am told that all these lands (some of the acquired lands for capital city project) are being given on 99 years lease to foreign companies,” AICC General Secretary Digvijay Singh said.

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    Does World Bank’s ranking matter?

    India does not need a better World Bank ranking to showcase its business environment. There is no presumption that foreign or domestic businessmen will be impressed to invest in these states because they know the ground realities and that nothing much has changed in this regard since the Modi government was swept into power in May 2014. (more…)

  • IIM-I students get insight on ‘Make More in India’ from Marwah

    Indore : With the “Make in India” wave in full fervour, Indian Institute of Management – Indore (IIM-I) students got real insights on the foreign investment opportunities in India by Rajesh Marwah, Quality Manager for Sweden-based home furnishing firm, IKEA.

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