The ministry has said a more effective monitoring mechanism could be set up jointly with the ministries of commerce and urban development to ensure FDI does not 'render policy objectives in a sensitive sector of the economy with limited practical significance'
Leading Chinese telecom equipment manufacturers, Huawei Technologies Co Ltd and ZTE Corporation, have launched an aggressive 'Indianisation' drive. The two companies are replacing Chinese nationals with Indians on their board of directors. The move is seen as an attempt by the companies to change the public perception in India, where Chinese firms are often viewed with suspicion. This would also make it easy for the firms to do business in India.
Key shareholders of low-cost airline SpiceJet have rejected an offer by the Reliance ADA Group to pick up a 51 per cent stake in the airline for Rs 40-45 per share. The offer was made last week.
The country's largest car producer -- Maruti Suzuki -- is caught in a cleft. There is growing demand for its cars, but it does not have sufficient production capacity to feed this demand. To top that, this capacity constraint is not likely to be lifted before 2012.
The finance ministry has suggested easing of the rules for calculating foreign investment in a company. The proposed rules, which take out sundry entries of indirect investment, will make life easier for companies, which have high foreign institutional investment and face the risk of breaching sector-specific caps.
Sun TV promoter Kalanithi Maran, through his advisors, is talking to hedge fund Wilbur L Ross to buy its entire 30 per cent stake in low-cost carrier SpiceJet Ltd.
Solutions from major players like Microsoft, Google and Intel suggest that computing in Indian languages is coming of age.
The first private equity deal in the Indian health insurance sector is set to be sealed soon.
Half the money, to be invested over the next 12 months, will be used to expand its mobile network.
Sahara group promoter Subrata Roy said he will take his newly acquired Indian Premier League (IPL) team public by 2013, the second year of operations, and is open to having investors take a minority equity stake in the franchisee.
The fledgling online advertising industry is expected to grow four-fold by 2014.
Indian companies with a majority foreign shareholding will not get relief from the stringent norms that govern their contributions and donations within the country.
Imagine this scenario. Pyarelal Shankar a grocery store owner in Haryana is not computer literate. Yet, he manages to regularly update his inventory online.
Currently, FDI up to 100 per cent is allowed in the drugs and pharmaceuticals on the automatic route.
The money, together with disinvestment proceeds, is crucial for Mukherjee to meet his fiscal deficit target of 5.5 per cent for 2010-11 from 6.7 per cent in 2009-10.
By setting a single spectrum-release deadline for all bidders, the finance ministry aims to ensure a level playing field for all operators.
India's share will only get bigger once SpiceJet enters the fray from June to fly south east Asia and south Asian countries.
National Association of Software and Service Companies had a humble beginning.
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