Tag Archive | "FDI"
Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
The Consumer Affairs Ministry has given the green signal to allow 49 per cent FDI in multi-brand retail. It has written a letter to this effect to the Commerce Ministry. India currently allows 100 per cent FDI in cash-and-carry operation and 51 per cent in single-brand retailing. Foreign investors are barred from investing in multi-brand [...]
Continue reading...Realty check! FDI grows 80 times in 5 years
Sunday, August 22, 2010
It’s not Indians alone who are monitoring the real estate market here. Foreign direct investment (FDI) in India’s booming real estate and housing market jumped 80 times between 2005 and 2010. Figures obtained by TOI show that in 2005, FDI in real estate was a mere Rs 171 crore. That soared to Rs 13,586 crore in [...]
Continue reading...Government approves 12 FDI Proposals worth 23.06 Billion Rupees
Tuesday, August 10, 2010
The government has approved 12 foreign direct investment proposals worth 23.06 billion rupees ($ 500 million), said a finance ministry statement. The Foreign Investment Promotion Board (FIPB), the nodal agency, said that it has deferred 15 foreign investment proposals including one from DLF Limitless Developers for transfer of shares to residents prior to expiry of 3 [...]
Continue reading...Blueprint ready for FDI in retail sector
Wednesday, July 7, 2010
SAFELY BUT SURELY Government discussion paper proposes regulator and clauses to protect small shops Allowing FDI in multi brand retail in India is a step in the right direction. RAJAN BHARTI MITTAL , President, FICCI Govt must also consider allowing foreign institutional investors. THOMAS VARGHESE , CEO, Aditya Birla Retail The government on Tuesday made a strong [...]
Continue reading...Realty firms told to recast target-linked FDI deals
Monday, June 14, 2010
About a dozen companies, mostly in the real estate sector, have been told by the Reserve Bank of India (RBI) to restructure the deals they have cut with foreign investors. These local firms have recently brought in foreign direct investment (FDI) by selling convertible papers — notes that will convert into shares after a date — [...]
Continue reading...India Inc seeks FDI in retail
Thursday, May 27, 2010
Country’s top industrialists at Prime Minister’s Council of Trade and Industry meeting on Wednesday unanimously demanded opening up of foreign direct investment in the controversial retail sector. Those who attended the meeting included Ratan Tata, Mukesh Ambani, Keshab Mahindra, Sunil Mittal, Azim Premji, Sunil Kant Munjal, Kiran Majumdar Shaw, RP Goenka, Chanda Kochhar and Deepak Parekh. [...]
Continue reading...FDI in multi-brand retail set to get 100% backing
Tuesday, May 25, 2010
The commerce and industry ministry is likely to propose 100% foreign direct investment (FDI) in multi-brand retail, opening the doors to the likes of WaMart and Tesco, but will suggest stiff local sourcing requirements and mandatory investments in backward linkages. “We are preparing the paper that will be placed for public debate in some time,” a [...]
Continue reading...Government in Discussions to Consider FDI in Multi-Brand Retail- Sharma
Wednesday, April 28, 2010
The Indian government is consulting various stake-holders on allowing foreign direct investment (FDI) in multi-brand retail and the scope of such investments in other sectors, Commerce and Industry Minister Anand Sharma said Tuesday. ‘FDI in multi-brand retail is part of the discussion paper being prepared by our ministry. We are also studying the scope of FDI [...]
Continue reading...Realty firms under scanner for slush funds
Sunday, April 25, 2010
Major realty firms of the country are under the probe of enforcement agencies for alleged violation of FDI terms and use of slush funds worth several thousand crore brought in from certain tax havens. While the Enforcement Directorate has carried out raids at premises of realty firm Emaar MGF for alleged violations of Foreign Exchange Management [...]
Continue reading...HSIIDC allots industrial plots
Tuesday, April 13, 2010
A high-level plot allotment committee cleared the allotment of industrial plots to 19 units in various industrial estates developed by the Haryana Infrastructure and Industrial Development Corporation (HSIIDC). The committee has been constituted by the Haryana government to consider projects involving capital investment of Rs 30 crore and those with FDI component. Managing Director HSIIDC Rajeev [...]
Continue reading...Vision India Real Estate Plans Affordable Housing in Chennai
Thursday, April 8, 2010
Vision India Real Estate will make an investment of $100 to 200 million in the Chennai market over the next two years. According to Ilan Elad, Executive Director of the company, the focus will primarily be on the Rs.13 lakh to 27 lakh affordable housing segment. Insisting that India has a compelling growth story for [...]
Continue reading...Govt Rules out Change in FDI Norms for Banks
Tuesday, April 6, 2010
Union Commerce and Industry Minister Anand Sharma on Monday ruled out making any changes in the foreign direct investment (FDI) norms for private banks, asserting that the present rules were doing well. Talking to media persons on the sidelines of a conference organised by the Associated Chambers of Commerce and Industry of India here, Mr. [...]
Continue reading...India among world’s top 3 preferred investment destination
Sunday, March 14, 2010
India is among the world’s top three preferred investment destination, but equity caps limit the size of potential inflows, according to a Columbia University report. The report cited liberalization in FDI policy and several economic sectors, a globally competitive workforce, and rapid GDP and market growth as the main drivers of foreign investment in India. Yet, it [...]
Continue reading...Govt okays Mothercare JV with DLF
Tuesday, February 23, 2010
The government has approved a proposal by UK-based retail major Mothercare to invest Rs 25.87 crore for 30 per cent stake in a joint venture with DLF Brands, the retail management arm of realty giant DLF. Mothercare, which specialises in kids and parenting products, had announced the JV last year through its subsidiary, Mothercare UK Ltd, [...]
Continue reading...Foreign investors bullish on realty, construction sectors
Sunday, February 21, 2010
Foreign investors have remained bullish on India’s housing, real estate and construction sectors in the last two years, undaunted by scarce global financial resources. Foreign Direct Investment (FDI) in terms of inflows into equity in the Indian construction and realty sectors have seen a sharp rise from USD 1.19 billion in April-December 2007 to USD 5.6 billion [...]
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- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
Monday, August 30, 2010
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