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India's relaxation of foreign investment rules credit positive: Moody's

India's relaxation of foreign investment rules credit positive: Moody's

India`s decision to relax foreign direct investment in sectors including defence, aviation, and retail is a positive development for the country`s sovereign ratings, said Moody`s Investors Service on Monday.

Modi government's big FDI reforms push: What has changed!

Modi government's big FDI reforms push: What has changed!

India on Monday announced sweeping reforms to rules on foreign direct investment (FDI), opening up its defence and civil aviation sectors to complete outside ownership. 

India now most open economy in world for FDI, says PM Modi

India now most open economy in world for FDI, says PM Modi

 Prime Minister Narendra Modi hailed a sweeping liberalisation of rules on foreign direct investment on Monday, saying they would make Asia`s third-largest economy the most open in the world.

74% FDI in private banks, 49% in regional Aviation; declares Arun Jaitley

Finance minister Arun Jaitley declares that there will be 15 sectors that will get FDI. He says that there will be 74% FDI in private banks, 49% in regional Aviation. Check out the full report.

FIPB gives conditional nod to IndiGo's FDI proposal

FIPB on Friday gave conditional approval to the proposal of InterGlobe Aviation which would pave the way for fresh foreign direct investment in private air carrier IndiGo.

Procedural delay dampens investors sentiment: Ajit Singh

"There are unnecessary delays at every step every regulatory agency...They are trying to find ways how to stop this...Instead of facilitating this...Everyone delays it," Singh said at ETnow event here.

'Buy an airline for billions and become a millionaire!'

This was a joke narrated by Civil Aviation Minister Ajit Singh when he reiterated his "personal" view on privatising Air India.

India wants more FDI from US for aviation sector: Ajit Singh

Asserting that India has taken significant steps in making air travel affordable, Civil Aviation Minister Ajit Singh on Wednesday called for more foreign direct investment from America in the country which now offers immense business opportunities.

Jet Airways sees Etihad deal closure even as it posts record loss

Jet Airways expects to conclude a USD 334 million stake sale to Abu Dhabi`s Etihad by the year-end, the Indian airline said, one day after posting a record quarterly loss.

Jet-Etihad: Commerce Min in favour of liberal view on FDI caps

Last September, the Cabinet had allowed foreign airlines to take up to 49 percent stake in domestic carriers. It did not alter the existing rule of 100 percent NRI investment.

CCI to take call on Jet-Etihad deal after getting more information

Fair trade regulator CCI will take a call on the proposed Rs 2,058 crore Jet-Etihad deal after getting information sought by it from the two carriers.

AirAsia gets formal FIPB approval

AirAsia Friday said it has received formal approval from the Foreign Investment Promotion Board to launch an airline in the country in association with the Tatas, paving the way for the companies to move the sectoral regulator DGCA for an air operator licence.

Paramount Airways working on revival plan

"Paramount is quite upbeat over the Rs 1,650 crore compensation awarded by a London-based international arbitration court. With this money on the table, the carrier has initiated its efforts to take to wings again," a source close to the development said.

Air Arabia in no hurry to pick up stakes in domestic airlines

Sharjah-based low-cost carrier Air Arabia has said it will not rush to invest in the troubled Indian airline sector.

Spicejet spikes reports about stake sale

Reports had said some foreign airlines were in talks with Spicejet for picking up possible stake in it.

Kingfisher in talks with foreign airlines for FDI: Mallya

Mallya also informed that his airline will be making a presentation to the SBI led consortium of banks.

Foreign airlines on 'wait-and-watch' mode on aviation FDI

Major foreign airlines seem to have adopted a wait-and-watch approach over the government's decision to allow them to pick up 49 percent stake in Indian carriers, even though the government says the mood in the industry was upbeat.

FDI in aviation must be backed with reforms in the sector

While FDI is welcome, Indian aviation sector will remain underutilised unless accompanying policy and infrastructure reforms are undertaken. The time for procrastination and squandering opportunities is over.

PM to address the nation on policy reforms tonight

Against the backdrop of widespread uproar over decision on FDI, Prime Minister Manmohan Singh is likely to explain to the nation on Friday the reason behind the step and the benefits it would entail.

FDI in aviation: Etihad to invest in Jet Airways?

According to reports, both the airlines have held several rounds of discussions, fuelling speculation of a possible alliance