"The figure is showing a recovery in the global markets, especially in European economies," an official said. Mauritius, Singapore, the US, UK, Netherlands, Japan, Germany and the UAE are the major investors in India.
With economic recovery in the rich countries, especially European nations, remaining fragile, FDI inflows to India plunged by 48 per cent to $1.04 billion in January over the same period last year.
GVK Airport Holdings, a subsidiary of Hyderabad-based infrastructure developer GVK Power & Infrastructure Limited (GVKPIL), has signed a share purchase agreement with Bid Services Division Mauritius (BSDM) to buy 13.5 per cent in Mumbai International Airport Private Limited (MIAL). The value of the deal was not disclosed.
The Central Bureau of Investigation will file its final chargesheet on Rs 14,000-crore (Rs 140 billion) Satyam fraud after receiving responses to the Letters of Rogatory (LoR) seeking information in this regard from six countries, Parliament was informed on Thursday.
India reaffirmed its commitment to the landmark Paris climate change agreement.
Karnataka Chief Minister B S Yeddyurappa, who is holidaying in Mauritius issued a statement stating that he will complete his term as the CM.
It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions.
Providence had bought 15 per cent in Idea Cellular in 2006 for around Rs 1,800 crore (Rs 18 billion) through its investment arm - P5 Asia Investment (Mauritius).
'All of our lives are going to be changed in a permanent way...' 'We just have to ride out the tide right now and we will see a rainbow at the end of this.'
The investments were a mix of issuance of guarantees ($2.53 billion), loan ($257.60 million) and of equity ($232.59 million).
The Enforcement Directorate, in its report on 2G spectrum allocation scam submitted to the Supreme Court on Wednesday, is understood to have said that the case has international ramifications as the money trail covers ten countries, including Mauritius.
Billionaire Jignesh Shah-promoted Financial Technologies today said it will launch three new international exchanges, including Bahrain Financial Exchange and Singapore Mercantile Exchange, this year.
'The US investors are very enthusiastic about India and policy changes'.
The 22-year-old golfer is the fifth and the youngest Indian to win the Asian Tour Order of Merit.
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
Over 100 questions on various aspects of the case were drafted by investigators which were put to 45-year-old Karti.
According to senior officials in the department of telecommunication 20 Mhz of spectrum has been given to the four firms -- Infotel, Bharti, Aircel and Tikona Digital, which have licences to offer services.
Supermodel Viveka Babajee was in a relationship with stock analyst Gautam Vora and the two were contemplating marriage before she committed suicide, her family claimed on Thursday and said they were mulling pressing of abetment to suicide charge against him.
Cashing in on the opportunities galore courtesy the spurt in Indian equities, foreign fund house Citigroup Global Markets has raised about Rs 400 crore (Rs 4 billion) by selling shares of 24 blue chip firms in just nine trading sessions.
The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
In a significant observation that might affect the way BCCI enters into contracts for broadcast rights of matches, Bombay High Court has held that the 'cricketing public' must know about these deals.
A summary of sports events and sports persons, who made news on Friday
Company has submitted before the court that the plaintiff is attempting to attach property that falls outside of the jurisdiction of the court
Here's a first look behind-the-scenes at India's most exclusive bikini bombshell calendar.
The apex court told Roy that his proposal of paying Rs 1,500 crore, if the auction process was halted or postponed, was unbelievable.
In the third acquisition in 10 months, state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for about $2.5 billion.
Hema Malini returns to television with Maati Ki Banno.
A battle is brewing in the families which run the Jagran group of newspapers. The group's flagship brand, Dainik Jagran, is the country's largest circulated newspaper.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
The Summit on April 28-29, to be attended by Prime Minister Manmohan Singh, will also unveil rules and regulations for the ambitious SAARC University which is in the process of being set up in Delhi.
We invited readers to shares their travel pics. Here we present some of the photos we received. Share yours!
Bored of the reds and pinks in your wardrobe? Switch to orange.
The Board of Control for Cricket in India has scrapped all its IPL media rights agreements with Mauritius-based World Sport Group, claiming that MSM Satellite (Singapore) Pvt Ltd is the rightful owner of all media rights relating to the Twenty20 event.
The suicide of supermodel Viveka Babajee on June 25 has left the fashion industry reeling. We spoke to a few insiders to gain their perspective of life and relationships in the fast lane, how lonely it can get at the top and why the pressure is too much for some to handle.
As per the chargesheet, "the accused forged board resolutions and unauthorisedly obtained loans to the tune of Rs 1,220 crore (Rs 12.20 billion) for Satyam Computer.
The Indian Premier League's broadcast rights holders MSM Satellite (Singapore), which has entered into an amended agreement with the Board of Control for Cricket in India, has filed a suit against Mauritius-based World Sport Group in the Bombay high court to recover facilitation fee of Rs 125 crore from the latter.
The Board of Control for Cricket in India (BCCI) will recover Rs 425 crore from Indian Premier League's sub-continent media rights holders MSM Satellite as part of the amended media rights agreement which was approved by the Twenty20 League's Governing Council in Mumbai, on Friday.
It is welcome that the government tried to make its intentions clear last week - especially as risk concerns return to global markets.
Global financial major Citigroup on Wednesday offloaded shares of 22 domestic companies, including 17 Sensex stocks like Reliance Industries and ICICI Bank, in block deals valued at Rs 231.42 crore (Rs 2.31 billion).
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