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FDI in pharma jumps to $1.25 bn during Apr-Nov period

Last Updated: Sunday, February 02, 2014, 12:19

FDI in drugs and pharmaceuticals was USD 581 million during April-November 2012, according to the latest data of the Department of Industrial Policy and Promotion (DIPP).

FDI in India grew 17% to $28 bn in 2013: UNCTAD

Last Updated: Wednesday, January 29, 2014, 11:28

India ranked 16th among the top 20 global economies receiving the most FDI, witnessing a 17 percent growth to USD 28 billion.

Walmart seeks more clarity on FDI rules for multi-brand entry

Last Updated: Friday, January 24, 2014, 14:37

Eyeing India as a long-term growth market, US-based retail giant Walmart says it is currently focussing on expanding its wholesale retail business in the country and would wait for further clarity on rules for entering the multi-brand retail business.

Multibrand retail FDI policy is not a revolving door: Sharma

Last Updated: Monday, January 20, 2014, 21:32

Policy instability would confuse foreign investors, he said, adding the Commerce and Industry Ministry may seek legal opinion on whether a state can opt out of the policy.

Removal of multi-brand retail FDI to hit investments: Industry

Last Updated: Monday, January 13, 2014, 20:22

India Inc Monday expressed strong displeasure over the Delhi government's decision to withdraw approval to FDI in multi-brand retail, saying the move was likely to hinder foreign investments flowing into the country.

Cabinet to consider proposal to allow FDI in railways

Last Updated: Tuesday, January 07, 2014, 17:53

"DIPP has received the comments of the Home Ministry in which it has given in-principle approval to the proposal (to allow FDI in railways). Cabinet will take up the issue later this month," said an official source.

Next edition of consolidated FDI policy to come out on Mar 31

Last Updated: Monday, January 06, 2014, 15:25

The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated FDI policy document on March 31, incorporating changes made over the past year.

Pharma cos likely to post 15% profit growth in Q3 FY'14

Last Updated: Sunday, January 05, 2014, 15:20

Pharmaceutical companies are expected to post core profit growth of over 15 percent, year-on-year, for the quarter ended December 2013.

GlaxoSmithKline seeks FIPB nod to hike stake in Indian arm

Last Updated: Sunday, January 05, 2014, 13:24

UK-based drug major GlaxoSmithKline is knocking at the FIPB's doors to raise stake in its India arm by acquiring an additional 24.33 percent for around Rs 6,400 crore.

FDI in pharma sector jumps 86.5% during April-Oct period

Last Updated: Sunday, January 05, 2014, 11:13

FDI in the pharmaceutical sector jumped by 86.5 percent to USD 1.08 billion during April- October period of the current fiscal amid concerns over continuous mergers and acquisitions of domestic drug makers by multinationals.

Govt indicates further relaxation in FDI policy

Last Updated: Wednesday, January 01, 2014, 18:38

The government on Wednesday indicated further liberalisation of the FDI policy in the coming weeks to attract foreign investments into the country.

Govt clears four FDI proposals worth Rs 502 cr

Last Updated: Tuesday, December 31, 2013, 18:01

Four foreign direct investment proposals, including that of Mahle Holding India and HBO India, totalling Rs 502 crore have been cleared by the government.