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FPI holding: Federal Bank, Sintex Plastics under RBI watch

FPI holding: Federal Bank, Sintex Plastics under RBI watch

The boards of both the companies have passed resolutions to hike the limit of foreign investment to up to 74 percent, RBI said.

China removes 27 restrictions for foreign investment in free-trade zones

China has removed 27 restrictions in its newly issued negative list for foreign investment in its free-trade zones, its cabinet said on Friday in a notice.

 

Ministries to decide on FDI proposals within 60 days: FinMin

The government on Tuesday said post the abolition of the FIPB, ministries will have to decide on FDI proposals within 60 days of the application and any rejection will need concurrence of the DIPP.

Bureaucracy, multiple agencies restrict mining growth: Report

Lack of transparency and a difficult bureaucracy underpinned by multiple agencies are creating obstacles in the growth of India's mining industry, says a report.

CBI raids residences of P Chidambaram, son Karti

The Central Bureau of Investigation raided the residences of former Union Minister P Chidambaram and his son Karti in Chennai. The search was conducted at over 16 places. It is alleged that these raids are related to Aircel-Maxis deal.

Govt may soon allow 100% FDI in cash, ATM management companies

Govt may soon allow 100% FDI in cash, ATM management companies

Cash and ATM management companies will soon be allowed to attract 100 percent foreign direct investment as they are not required to comply with the Private Security Agencies (Regulation) Act (PSARA).

Gave approval to Aircel-Maxis deal in normal course of biz: P Chidambaram

Gave approval to Aircel-Maxis deal in normal course of biz: P Chidambaram

Chidambaram's remarks comes a day after the Supreme Court asked the CBI to file status report on the probe being carried out on various aspects of the Aircel-Maxis deal.

Sebi relaxes funding rules for start-ups, bars PE-promoter side deals

Sebi relaxes funding rules for start-ups, bars PE-promoter side deals

To further boost securities market, Sebi on Wednesday relaxed funding rules for start-ups and allowed foreign investment in unlisted corporate bonds while it barred private equity funds and promoters of listed firms from entering into side deals for profit sharing.

India, Canada look for ways for early closure of trade deals

India and Canada are expected to deliberate on ways for early conclusion of the proposed free trade agreement and foreign investment promotion and protection pact.

India Inc's foreign investment fell 84% in August at $399 million

India Inc's foreign investment fell 84% in August at $399 million

Indian firms' overseas direct investment fell 84 per cent to USD 399.06 million in August, data from RBI showed.

Govt to now focus on increasing banks’ ability to support growth: FM Jaitley

Govt to now focus on increasing banks’ ability to support growth: FM Jaitley

The Finance Minister said that foreign investment is important for India in order to have larger investment in infrastructure sector.

 

Bangladesh signs $130 mn World Bank loan for economic zones

The Bangladeshi government has signed a $130 million additional financing agreement with the World Bank to scale up support for the recently licensed and new economic zones to attract foreign and domestic investment as well as to create more jobs in the manufacturing sector.

India received $55 billion in FDI in two years: Sushma Swaraj

India received $55 billion in FDI in two years: Sushma Swaraj

India has received $55 billion in FDI in the last two years, External Affairs Minister Sushma Swaraj said on Sunday, noting enhanced economic engagement with countries across the world has been a major priority area of the government's foreign policy. 

RBI lets Axis Bank raise foreign shareholding to up to 62%

Reserve Bank has allowed Axis Bank to raise foreign shareholding to up to 62 percent, from the earlier limit of 49 percent.

 6 insurers get FIPB nod for Rs 2,566-crore FDI till Feb 2016

6 insurers get FIPB nod for Rs 2,566-crore FDI till Feb 2016

As many as six private insurers have got FIPB approval for foreign investment proposals worth Rs 2,566 crore till February after the government increased the FDI cap in the sector to 49 per cent from 26 percent.

India received $40.82 billion FDI till Dec in FY16

India received $40.82 billion FDI till Dec in FY16

For 2014-15, FDI inflows were USD 44.29 billion, up 23 percent as compared to the previous fiscal.

 

Masala bonds a step to make Rupee global currency: CARE Ratings

Issuance of rupee-denominated masala bonds overseas is a step towards making the Indian currency global, CARE Ratings said on Thursday.

Real estate bill to facilitate foreign direct investment

Real estate bill to facilitate foreign direct investment

The Real Estate (Regulation and Development) Bill passed by both the houses of parliament is expected to facilitate more foreign direct investments in the sector, developers say.

 

FPIs infuse Rs 11,000-crore in stock markets in March

Overseas investors are raising their bets on Indian market as they have pumped in over Rs 11,000 crore into the domestic equities so far this month on continued hopes that the RBI would bring down the monetary policy rate.

Govt allows 49% FDI in insurance under automatic route

Govt allows 49% FDI in insurance under automatic route

Seeking to attract more foreign investment, the government has relaxed FDI norms for insurance sector by permitting overseas companies to buy 49 percent stake in domestic insurers without prior approval.