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FDI focus to improve external finances, bolster rupee: Moody's

FDI focus to improve external finances, bolster rupee: Moody's

Describing India's focus on FDI as "credit positive", Moody's Investors Service said improvement in the external situation will also provide support to the rupee.   

Prez praises govt for steps to bring in more FDI

President Pranab Mukherjee on Saturday praised the NDA government at the centre for taking steps to bring in more FDI into the country.

FDI in April dips 26% to $1.7 bn, lowest in 5 months

In April 2013, the country had received FDI worth USD 2.32 billion.

Rupee decline a shock but no reversal of economic reforms: PM

Breaking silence over the rapidly declining value of rupee, Prime Minister Manmohan Singh Thursday said the development was "certainly a shock" and it will be addressed without reversal of reforms or resorting to capital controls.

'18 single brand retail FDI proposals approved till May, 2013'

The government approved a total of 18 foreign direct investment proposals worth USD 173 million in the single brand retail sector between April 2010 and May 2013.

`Sourcing norms not for global ops`

IKEA already sources products worth 1 billion euros from India and mainly from handloom and carpet clusters.

FDI into India rises 24% to $3.95 bn in April-May

Foreign direct investment (FDI) into India increased by 24.2 percent year-on-year to USD 3.95 billion in April-May, Parliament was informed on Monday.

CII welcomes FDI decisions, says investment should happen now

Welcoming government's steps to promote FDI in the country, industry body CII today said investments should happen now on the ground and and ease current account deficit.

'Lobbying needs to be defined; cos should make disclosures'

There has been a heated debate within Parliament and outside in the recent past on lobbying after it came to light that various global companies, including retail giant Wal-Mart, lobbied with the US lawmakers to push for their entry and other business interests in the Indian markets.

London Mayor backs India's FDI decision on retail, insurance

Visiting London Mayor Boris Johnson Wednesday backed the Indian government's decision to open up the insurance and mutil-brand retail sectors to FDI, saying it might augur well for the poor even as he suggested that India can experiment with more "openness".

FDI will help add new flavours to Indian luxury market: Sharma

Quaint carpet designs from rural India may soon find a global market with the opening up of retail sector to foreign direct investment.

India among top FDI countries into Dubai in H1, 2012

India was listed alongside USA, UK, Saudi Arabia, Qatar, Germany, Switzerland and France among the top 10 countries.

‘FDI in multi-brand retail will increase unemployment’

Assam is one of the few states which has expressed support for allowing foreign retail companies to open stores.

Higher FDI in broadcast sector to improve accessibility: KPMG

The report has noted that the government decision has come at a time when the industry required large amount of capital to fund its digitisation drive.

UK legislator wary of Indian govt's decision on FDI in retail

Indian-origin Labour MP Keith Vaz has advised Indian legislators to be careful while handling the issue of FDI in retail, cautioning that a major dominance by super markets may not be in the interest of common man.

Don't give in to Mamata's demands, carry on reforms: India Inc

Mahindra & Mahindra Chairman Anand Mahindra also asked the government not to give in to the demands of the West Bengal Chief Minister and instead reforms process must be carried forward.

FDI in retail would help farmers, boost economy: Vayalar Ravi

The minister gave an example of how in Kochi, the commercial capital of Kerala, there are shopping complexes and retail stores, but the blooming of such stores had no negative impact on the farmers and traders.

Government may announce spending cuts today

Manmohan Singh will discuss India's five-year economic strategy and look at trimming expenditure in the light of an economic slowdown.

FDI sensitive, but to India's benefit: UK Inc

The influential Confederation of British Industry today said announcements on FDI in India were "good news" and would ultimately benefit Indian citizens even though the decisions were politically sensitive.

End of policy paralysis: Govt approves 51% FDI in multi-brand retail

After battling stiff opposition, government Friday allowed 51 percent foreign investment in multi-brand retail but left it to the states to permit global retailers open stores.