NEW DELHI: Amid expectations of easing curbs on investment from China, finance minister Nirmala Sitharaman on Wednesday said government will maintain checks on FDI in the “national interest,” given the sensitivity in the region.“We want business, we want investments, but we also need some safeguards because India is located in a neighbourhood, which is very,…
NEW DELHI: External affairs minister, S Jaishankar, citing a Goldman Sachs study said that India is on track to reach a significant milestone by 2030, becoming the world’s third-largest economy.Addressing the NDTV World Summit 2024: The India Century on Monday, Jaishankar elaborated on the study’s projections, which estimate India’s economy to grow to an impressive…
New Delhi: India’s textile industry is expected to grow to $350 billion by 2030 and add 3.5 crore jobs, textiles minister Giriraj Singh said Wednesday. At the Curtain Raiser event of ‘Bharat Tex 2025’, he said that Indian demographic dividend will aid India’s growth ahead of China. Singh urged the Indians companies to ask their…
NEW DELHI: Vistara will merge into Air India on November 12. This date is learnt to have been finalised soon after the government has approved foreign direct investment (FDI) by Singapore Airlines into Air India. In a statement, SIA — which owned 49% in Vistara and will own get 25.1% stake in the merged AI…
NEW DELHI: The Indian Govt has approved foreign direct investment (FDI) by Singapore Airlines into Air India, paving the way for the merger of Vistara into AI by the end of this calendar year. In a statement, SIA — which owned 49% in Vistara and will own get 25.1% stake in the merged AI by…
NEW DELHI: Commerce and industry minister Piyush Goyal‘s allegations of violation of rules by e-commerce companies, such as Amazon, have raised expectations of government finally moving ahead with a new set of regulations for e-commerce, along with a policy, as well as e-pharmacies.A day after his comments at an event organised by Pehle India Foundation,…
NEW DELHI: Telecom and IT minister Ashwini Vaishnaw said that India is seen as a trusted partner by companies and countries across the world, and country is eyeing $100 billion in annual FDI “in the next few years”.“There is a big amount of trust when it comes to India. That is our biggest capital. For…
NEW DELHI: Foreign direct investment jumped 64% in October to $8.4 billion — the highest in 18 months — as the bleak global economic environment shows some signs of improvement amid moderating inflation and a pause in interest rate hikes by central banks.Latest data released by RBI showed that on a gross basis, inflows increased…
CaratLane Trading, now majority owned by the Tata Group’s Titan, has challenged a show-cause notice (SCN) from the Directorate of Enforcement (ED) alleging that it had violated rules between 2011 and 2014 by receiving foreign direct investment (FDI), said people with knowledge of the matter. This predates Titan’s investment in CaratLane. Titan said recently it’s…
