Rohit Nandan will continue to work as Chairman and Managing Director (CMD) of national carrier Air India for one month or till Ashwani Lohani takes over from him.
Carrefour, which is said to be close to announcing a tie-up with Wadias, is still talking to some other companies, they said.
Rostec, a Russian state corporation set up to promote development, production and export of hi-tech industrial products for civil and defence sectors, has strongly backed Prime Minister Narendra Modi's 'Make in India' pitch.
India expects an inflow of $12 billion foreign direct investment into the country during the 2006-07 fiscal, a government official said on Saturday. \n
Apart from outlining its future plans for the development of Bihar, Chief Minister Nitish Kumar led party also referred to poll promises made by the rival Grand Alliance, including approving 10 lakh jobs, and sought to know from where would they manage Rs 5 lakh crore additional money that will be required for fulfilling their 'lofty' announcements.
Departments of electronics, excise, I-T launch probe into Rs 251 smartphones
Asserting that leading international consultancy firm A T Kearney had rated India as the third hottest FDI destination, India on Thursday sought investment from Taiwan in telecom and ICT ventures.
It is watching e-commerce policy fineprint before spelling out India plan
The government on Wednesday cleared the setting up of an Investment Commission to woo foreign as well as domestic investors for major projects in the country.
'There is a certain irony embedded in this asymmetric geographical distribution of FDI because most state leaders have shed their inhibitions about promoting 'business' and have understood its virtues as a more cost-effective way of replacing the mai-baap welfarism that passed for economic policy till the early nineties', says Kanika Datta.
While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.
Close on the heels of Finnish mobile handset maker Nokia announcing its manufacturing plans for India, a Taiwanese rival is in talks with the government to set up shop in the country.
On October 23, the top court said people in the country can only burst firecrackers from 8 pm to 10 pm on Diwali and other festivals. It also allowed the manufacture and sale of just "green crackers" which have low emission of light, sound and harmful chemicals. The apex court carved out an exception for Christmas and the New Year's Eve, saying crackers on these days could be burst between 11.55 pm and 12.30 am since the celebrations start at midnight.
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
The country has received investments worth $1.6 billion in the first four months of the current fiscal.
Among other things, the e-commerce players will have to display the total 'price' of goods and services offered for sale, mention the 'expiry date' of goods and the 'country of origin' of goods and services.
The government on Thursday launched a Grievances Redress Cell for exporters and importers in a bid to improve the of the directorate general of foreign trade.
'The idea is to have a separate and independent consultation on non-personal data, and decide the contours of how it should be regulated, whether as guidelines, rules, or a separate policy,' said a senior official at MeitY.
Reliance was the highest bidder at Rs 63 cr for the 5 airports project.
The Department of Telecom is believed to have sought a 15-year tax holiday on domestic production of handsets and a lower unifom VAT rate among other relaxations to rejuvenate mobile phone manufacturing in the country.
Industry is displeased over the failure of the National Manufacturing Policy, which has failed to invite any sizeable investment since it was launched more than two years ago.
Delhi's Industry Secretary Amit Yadav told PTI that the city government has communicated its decision to the Department of Industrial Policy and Promotion of the government.
The government on Monday said it was open to suggestions on fine-tuning amendments to patent laws.
India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid the border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like the micro, small and medium enterprises (MSMEs).
Proposed investment dip 33% from Rs 1.42 lakh crore (Rs 1.42 trillion) in 2011 to Rs 94,259 crore (Rs 942.59 billion) in 2013
Foreign direct investment (FDI) in India almost doubled to $2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013.
The government will soon come up with detailed guidelines for private banks including hike in the foreign holding from 49 to 74 per cent and allowing foreign banks to set up subsidiaries in the country.
While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.
In 2008, Daiichi Sankyo had bought the entire 34.82 per cent stake in Ranbaxy from its promoters, Malvinder Mohan Singh and family, for $4.2 billion. Currently, Singh is executive chairman of Fortis Healthcare.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
India's second largest budget carrier SpiceJet, which reported a record Rs 1,003 crore (Rs 10.03 billion) net loss last fiscal, may soon receive the much-needed capital infusion as talks with an overseas investor have reached "very advanced stages".
We must seize the opportunity provided by the COVID-19 crisis to kick-start indigenous research efforts, recommends Colonel Anil A Athale (retd).
Though the US has got together a number of vetted and potential Indian business partners, most of these companies say they haven't had much luck in stitching up deals to tap into India as an export market for their goods.
At the heart of the issue is the way e-commerce is defined in the current draft policy.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
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