Asian Development Bank (ADB) chief economist Albert Park was in the Capital for the Kautilya Economic Conclave. In an interview, he told TOI that the agency is keeping close tabs on global crude prices to assess the impact of the escalating conflict in West Asia on the region and advocated that trade and investment channels…
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…
Representative Image India’s textile industry is on the brink of expansion, with total textile exports projected to reach USD 65 billion by FY26, according to Invest India. Invest India posted on X, “PM Modi’s bold ‘#fibretofashion’ vision is guiding the #textileindustry to become a driving force in the global market while bringing competence & technology…
FDI Reforms 2.0: The Indian government is currently reviewing the foreign direct investment (FDI) norms for crucial sectors such as banking, insurance, and defence, following recent relaxations in the space and satellite industries. Officials have stated that while most of the significant FDI reforms have already been implemented, discussions are underway to determine if conditions…
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…
