News for 'Department for Promotion of Industry'

Are Modi's speech-writers getting Tamil Nadu wrong?

Are Modi's speech-writers getting Tamil Nadu wrong?

Rediff.com2 Mar 2021

For Prime Minister Narendra Modi to dig up the perceived past of the DMK rival, now under a new leader in M K Stalin, may not gel with the voters, both old and new. If they are still going to vote for the AIADMK-BJP combine, it will be for entirely different reasons, and despite Modi's poll speeches, says N Sathiya Moorthy.

FDI in Jan-Mar 04 up 71%

FDI in Jan-Mar 04 up 71%

Rediff.com6 Aug 2004

Foreign direct investment into the country in the first quarter of calender year 2004 increased by 71 per cent year-on-year to Rs 5076.61 crore (Rs 50.77 billion) as compared to Rs 2968.26 crore (Rs 29.68 billion) in the same period last year.

PE funding likely to shrink if founders have the last word

PE funding likely to shrink if founders have the last word

Rediff.com1 Aug 2018

Most of the unicorns or billion-dollar valuation firms including Flipkart, Paytm and Ola have had the maximum stakes owned by foreign funds. The founders of all these firms have either single digit stakes in their companies or in low double digits.

PMO steps into NuPower-Videocon-ICICI Bank controversy

PMO steps into NuPower-Videocon-ICICI Bank controversy

Rediff.com6 May 2018

Prime Minister's Office wants CBI and tax dept to identify the actual beneficiaries of the transactions made in India and abroad.

In bid to boost startups, govt relaxes norms for angel funds

In bid to boost startups, govt relaxes norms for angel funds

Rediff.com5 Jan 2017

The lock-in requirement has been reduced from three years to one year for angel funds and their minimum investment threshold has been slashed from Rs 50 lakh to Rs 25 lakh.

FinMin asks RBI to ease infra funding norms

FinMin asks RBI to ease infra funding norms

Rediff.com4 Nov 2014

The ministry seeks to make lending requirements flexible for banks financing key stalled projects.

India's tweaking of FDI norms aimed at only China

India's tweaking of FDI norms aimed at only China

Rediff.com28 Apr 2020

'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.

'Talent is everywhere and relevant to a nation's success'

'Talent is everywhere and relevant to a nation's success'

Rediff.com9 Jul 2020

'Everybody says 5G and communication is important.' 'Everybody says automation, robotics, human computing interfaces -- people and machines working together -- is the future.' 'Everybody agrees that cybersecurity is something that is here to stay.' 'Everybody agrees that synthetic biology is important.' 'Instead of outlining thinking about industries for tomorrow and the future, let the evolutionary pathway be built in a way that it promotes robust, creative, thinking.'

DIPP to move Cabinet on FDI caps for some sectors

DIPP to move Cabinet on FDI caps for some sectors

Rediff.com2 Jul 2013

A panel headed by Economic Affairs secretary Arvind Mayaram had suggested FDI limit be raised to 49 per cent in almost all sectors through the automatic route.

Mehul Choksi, Vijay Mallya in Rs 68,607 cr loan writeoff list: RBI

Mehul Choksi, Vijay Mallya in Rs 68,607 cr loan writeoff list: RBI

Rediff.com29 Apr 2020

According to the RTI reply, absconding diamantaire Choksi's company Gitanjali Gems tops the list of the defaulters with a whopping amount of Rs 5,492 crore. This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore. Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies to default on the payment. Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.

Narendra Modi to woo IT and telecom CEOs

Narendra Modi to woo IT and telecom CEOs

Rediff.com14 Jan 2014

This will be the first time BJP's prime ministerial candidate holds a discussion with IT, telecom czars.

Vodafone Idea to raise mobile services rates from Dec 1

Vodafone Idea to raise mobile services rates from Dec 1

Rediff.com18 Nov 2019

The company at present provides monthly mobile services at starting price of Rs 24 without data, and plans with data service starts from Rs 33 onward. It did not disclose the quantum of hike.

Starting a new job? 10 things you must know

Starting a new job? 10 things you must know

Rediff.com21 Oct 2019

Present a positive image by exuding enthusiasm and energy for work, says Surya Mahadevan.

No major sops for IT sector

No major sops for IT sector

Rediff.com12 Jul 2014

There are no major announcements in the Union Budget 2014-15.

Apple seeks wholesale licence

Apple seeks wholesale licence

Rediff.com20 Jan 2016

The maker of the iPhone and the iPad has made a proposal to the government for a wholesale foray.

Gujarat is India's most business friendly state

Gujarat is India's most business friendly state

Rediff.com15 Sep 2015

Gujarat has topped with a score of 71.14% on ease of doing business list.

Why Modi govt has failed to build a skilled workforce

Why Modi govt has failed to build a skilled workforce

Rediff.com29 Jun 2016

The shortage of skilled workers in India is one of the country's biggest challenges.

Govt renegotiating tax treaties to curb illicit wealth flows

Govt renegotiating tax treaties to curb illicit wealth flows

Rediff.com17 Dec 2014

The comments come at a time when the Supreme Court-constituted Special Investigation Team has detected funds worth about Rs 4,479 crore (Rs 44.79 billion) held by Indians in a Swiss branch of HSBC bank, while unaccounted wealth totalling Rs 14,958 crore (Rs 149.58 billion) have been traced within home.

FDI in services sector drops 54% in 2013-14

FDI in services sector drops 54% in 2013-14

Rediff.com8 Jun 2014

Overall foreign inflows into the country grew by 8 per cent to $ 24.29 in the last fiscal as against $ 22.42 billion in 2012-13.

Nike to open fully-owned stores in India

Nike to open fully-owned stores in India

Rediff.com2 Sep 2014

Nike has been present in India since 1996.

FDI in services sector dips 47.5% during Apr-Aug

FDI in services sector dips 47.5% during Apr-Aug

Rediff.com4 Nov 2013

Industry experts say that the government needs to further relax FDI norms to attract investors to the sector.

How the Nirav Modi show manages to go on

How the Nirav Modi show manages to go on

Rediff.com15 Feb 2018

Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.

Anand Sharma cancels meeting with Walmart chief

Anand Sharma cancels meeting with Walmart chief

Rediff.com31 Oct 2013

In a move that is being seen as a snub to Walmart, Commerce and Industry Minister Anand Sharma on Thursday cancelled a meeting with US retail giant's Asia head Scott Price.

'Taj is the magnet that draws tourists to India'

'Taj is the magnet that draws tourists to India'

Rediff.com5 Nov 2017

'Although India has a lot more to offer in terms of tourism other than the Taj, yet there is nothing compared to the Taj Mahal.'

FDI rose 16% to $1.44 billion in June

FDI rose 16% to $1.44 billion in June

Rediff.com21 Aug 2013

In June 2012, the country had received FDI worth $1.24 billion.

COAI defends Huawei, says it is no threat to national security

COAI defends Huawei, says it is no threat to national security

Rediff.com18 Dec 2018

COAI has argued that in India the government has been working to keep telecom networks secure, with reviews of the security policy and the insertion of specific clauses into the licences to prevent any risk to network security.

Revealed: Politics behind the long walk home

Revealed: Politics behind the long walk home

Rediff.com31 Mar 2020

The Centre and state governments bonded and then fell apart during the longest lockdown walk.

Textiles sector gets a Rs 6,000 cr package

Textiles sector gets a Rs 6,000 cr package

Rediff.com22 Jun 2016

'The package will help in realising the true potential of employment generation in the textile and apparel sector.'

Raids in ministries exposes racket of selling documents to corporates

Raids in ministries exposes racket of selling documents to corporates

Rediff.com12 Mar 2015

6 locations in New Delhi and 2 in Mumbai were raided.

From March, you can start a business in Mumbai and Delhi in just 4 days

From March, you can start a business in Mumbai and Delhi in just 4 days

Rediff.com17 Jan 2017

Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.

Govt tightens noose around e-tailers, 9 depts to monitor biz

Govt tightens noose around e-tailers, 9 depts to monitor biz

Rediff.com30 Jan 2015

Each dept could handle a designated area.

ED questions Raj Kundra for over 9 hours as witness in bitcoin case

ED questions Raj Kundra for over 9 hours as witness in bitcoin case

Rediff.com5 Jun 2018

The businessman was summoned at the ED's office and was asked questions about the purported links of the alleged main accused of the case Amit Bhardwaj with his businesses.

Govt relaxes angel tax norms for startups

Govt relaxes angel tax norms for startups

Rediff.com19 Feb 2019

The government has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for availing income tax concessions.

Why scorching summer is good news for some

Why scorching summer is good news for some

Rediff.com21 Mar 2017

Makers of air conditioners, beverage and ice-cream are hopeful of a boost in sales

Why retailers are rattled by Walmart-Flipkart deal

Why retailers are rattled by Walmart-Flipkart deal

Rediff.com6 May 2018

Sellers, especially the smaller ones, are planning to go to court as well as move CCI as they fear that Walmart could bring multiple private labels in India and flood the e-commerce platform with its own products.

Infosys faces NITI Aayog CEO's ire for MCA portal glitches

Infosys faces NITI Aayog CEO's ire for MCA portal glitches

Rediff.com24 Apr 2016

Company says faults, which were noticed soon after system upgrade on March 27, have been rectified

India's FDI doubles to $4.48 bn in Jan, highest in 29 months

India's FDI doubles to $4.48 bn in Jan, highest in 29 months

Rediff.com17 Mar 2015

In January 2014, the country had received $2.18 billion FDI.

IBM to move court against India's tax demand

IBM to move court against India's tax demand

Rediff.com2 Nov 2013

I-T dept has asked for Rs 5,357 crore ($865 million) alleging the company had suppressed its revenue for FY09 to evade taxes

Flipkart sale under ED lens

Flipkart sale under ED lens

Rediff.com15 Oct 2014

According to sources, the directorate has sent a letter to Flipkart on the basis of complaints received after the Big Billion Day sale on October 6.

Secretaries list expectations, highlight urgent issues to Modi

Secretaries list expectations, highlight urgent issues to Modi

Rediff.com5 Jun 2014

In his meeting with the secretaries of all government departments, Prime Minister Narendra Modi gave the top bureaucrats space and time to voice their expectations from the new administration besides listing areas needing urgent attention.