China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China`s Commerce Minister said.
The country`s largest iron ore
producer, NMDC, is getting a fresh financial viability study
of SIIL done for its proposed Rs 1,200-crore investment in the
firm as world sponge iron prices have slumped.
Business chamber FICCI on Wednesday said high level of investment as projected by Prime Minister`s Economic Advisory Council is critical for economic growth, but the government must offers sops to industry to encourage investment.
Rubbishing comments that India`s largest auction of oil and gas blocks flopped last week, government on Wednesday said eighth round of NELP attracted over $1.34 billion in minimum investment, a shade better than previous edition.
Facing severe shortage of coal in the country, the government on Thursday authorised an Empowered Committee of Secretaries for considering Coal India Ltd`s proposal to invest and acquire assets abroad.
Cairn India and its partner Oil
and Natural Gas Corp (ONGC), which will this weekend start oil
production from their prolific Rajasthan fields, will invest
USD 1.5-1.8 billion more in the desert block over the next two
FIPB is believed to have cleared the proposal of Norwegian telecom firm Telenor to hike its stake in its Indian telecom joint venture Unitech Wireless, putting an end to a two-month long wait by the telco.
Pakistan`s fight with extremism would have been in better shape had the United States invested more in the nation`s schools and girls and not just its military, US Secretary of State Hillary Clinton said.