Whatever its apprehensions and concerns about the regime of the Rajapaksa clan, India must be ready with unconditional assistance when Colombo asks for it. Because it will, observes Aditi Phadnis.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
The defence ministry has already shortlisted two Indian shipyards and five foreign defence majors for the project, being billed as one of biggest "Make in India" ventures.
The firm is likely to spend $600 million in total for the new stores. The average size of its stores is about 55,000 sq ft.
If net forex outflows turn out to be relatively high in the next few years, the rupee could depreciate beyond Rs 80 to a dollar by 2022. The causal reasons could, for example, include unmet expectations of FPI and FDI investors about the performance of the Indian economy, sharp rise in prices of imported oil and decrease in FX remittances. The RBI has to ask itself whether guaranteeing future rupee-dollar exchange rates on FX forward contracts is a reasonable way to use its risk-bearing capacity, says Jaimini Bhagwati.
Stating that open markets mean more opportunities, Modi said during the last six years the government has made many efforts to make the Indian economy more open and reform oriented.
E-commerce giant Amazon and Infosys co-founder N R Narayana Murthy's Catamaran Ventures have "mutually decided" to not continue their joint venture (JV) beyond the end of its current term. The JV, Prione Business Services, which has been running successfully for the past seven years, was coming up for renewal on May 19, 2022. The JV enabled over 300,000 sellers and entrepreneurs to go online. It also enabled 4 million merchants with digital payment capabilities, providing these small and medium-sized businesses (SMBs) and merchants access to millions of customers across the country.
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
One of Apple's suppliers, Salcomp, will invest Rs 2,000 crore over the next five years to make components at a Nokia plant in Chennai. The facility, which has been closed for nearly 10 years, will be revived and made operational from March 2020.
Outward flows totalled $12.27 billion in June 2010.
It is the government and its policies and attitude toward FDI that is at the root of the problem.
'Life will not improve overnight; it will happen in a gradual manner.'
India is set to attract foreign direct investment of $40 billion in fiscal 2008-09 with overseas investors betting big on the manufacturing sector in the world's second fastest growing economy.
The net outward foreign direct investment went up from $9.1 billion in 2017-18 to $12.6 billion in 2018-19 and moved further north to $13 billion in 2019-20.
Have committed themselves to investing Rs 1,85,000 crore since last year.
On the company's performance after entering the Indian market last year, he said the car maker has so far sold 100 units. The company right now delivers cars to customers as completely built units from its headquarters in Sweden.
India's highways development project, the largest public private partnership programme in the world, is likely to attract a whopping investment of $41 billion, including FDI, from the private sector, Highways Minister Kamal Nath said.
The Assistant Secretary of State said trade and agriculture is a major pillar of Indo-US relationship.
Indian tax laws are a source of frustration for US companies, says US Ambassador to India Nancy J Powell.
Multinational organizations including PepsiCo and industry associations like IPA, have come in favour of India's intellectual property regime, which is being reviewed by the US administration.
Sabarmati railway station is the venue for the ground-breaking ceremony, be chaired by Modi and Abe, of the Rs 98,000-crore Ahmedabad-Mumbai high-speed rail project.
All components showed improvement with the exception of FDI and banking capital in the first half of 2010-11.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
Global retail giant Walmart is expected to soon firm up its plan to foray into India's multi-brand sector.
Insurance stocks gain after parliament passes bill to hike FII limit.
Investors recognise India's market growth
The defence ministry on Wednesday announced a fresh list of 351 sub-systems and components that will not be allowed to be imported under a staggered timeline beginning December next year.
In the last three years, the United States has taken over Russia as the largest supplier of weapon systems to India, Lok Sabha was informed on Tuesday. Answering a written query in the Lower House, Defence Minister Arun Jaitley said in the last three years, India pent Rs 83,458 crore for procuring equipment from foreign vendors which included Rs 32,615 crore worth of supplies from the US whereas Russia exported hardware worth Rs 25,363.96 crore in this period.
Total FDI from China in India so far is about $1.24 billion
It will bear fruit in the next five years, which is why FDI is so strong. The foreigners clearly know what Indians don't, asserts T C A Srinivasa-Raghavan.
Trump can afford to say that COVID-19 is a 'China virus', but we can't expect Modi to say that aloud while his actions may speak louder, says Rup Narayan Das.
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesday gave a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented last week, Finance Minister Nirmala Sitharaman announced the privatisation of two Public Sector Banks (PSBs) as part of its disinvestment plan. The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years.
Although Walmart-Flipkart wholesale game-plan is to target about a $150 billion market out of a total pie of $700 billion in the country, the consolidation marks the end of the multi-brand dream of the American retail giant.
Inflows for the first quarter of financial year 2007-08 went up by 185 per cent to $4.9 billion from $1.7 billion received during April-June last year.
Prime Minister Narendra Modi on Monday slammed those calling agitating Sikh farmers names, saying it won't do the country any good as he went on to appeal to the protesting farmers to withdraw their over two-month-long stir and give the new agriculture reform laws a chance.
Poor policymaking, a fractious industry and the cockeyed nature of regulations are to blame, saya Vanita Kohli-Khandekar.
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
Japanese companies are planning investments of about Rs 75,000 crore
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
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