Industry experts say that the government needs to further relax FDI norms to attract investors to the sector.
Global sentiment has turned very positive for India
The government is likely to allow FDI in high speed trains and other projects.
Foreign Direct Investment inflows from Mauritius have almost halved during April-January period of last fiscal to $4.11 billion on fears of impact of GAAR and possible re-negotiation of the tax avoidance treaty.
Alibaba will acquire 25 per cent stake in One97 Communications.
'Birla only made representations to then PM for coal blocks allocation.'
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Amidst debate over control of Jet Airways post UAE's Etihad buying stake, the RBI on Thursday notified FDI guidelines defining control of a company, saying that a firm will be said to be controlled by non-residents if they have powers to appoint majority of the directors.
Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
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