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Articles for Fdi, search results for centre

Air India-Vistara Merger: Govt Approves $276 Million Investment By Singapore Airlines
3 months, 3 weeks ago

Air India-Vistara Merger: Govt Approves $276 Million Investment By Singapore Airlines

News 18  

The Centre cleared the last roadblock to national carrier Air India Ltd.’s merger with smaller rival Vistara, approving a S$360 million investment by Singapore Airlines Ltd. into the new combined carrier. With the clearance in place, the merger, which will see Singapore Airlines acquire a 25.1 percent stake in Air India, is expected to be completed by the end of …

India Singapore Airlines Air Merger Vistara Fdi
Centre eases FDI norms for space sector to boost offshore investment
8 months ago

Centre eases FDI norms for space sector to boost offshore investment

Hindustan Times  

The government has notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments. Amendment made in the FDI policy for space sector through a gazette notification dated April 16, 2024, prescribes liberalized entry route and provides clarity for FDI in satellites, launch vehicles and associated systems …

Space Indian Satellite Route Cent Union Cabinet Fdi
ISRO’s role in India’s private space sector boom | Explained
8 months, 2 weeks ago

ISRO’s role in India’s private space sector boom | Explained

The Hindu  

April 03, 2024 12:53 pm | Updated 02:56 pm IST The story so far: As the Indian Space Research Organisation forays further into space with missions to the sun and the moon, with space telescopes, landers, and astronauts, the nation’s space sector is also expanding beyond ISRO. While production of launch vehicles, satellites, spacecrafts, and boosters was mainly handled by …

Hyderabad Vehicles Private Companies Companies Iss Centre Sector
Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies
10 months ago

Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies

Op India  

In a significant move, the Modi government has announced 100% Foreign Direct Investment in the space sector. The Union Cabinet approved the amendment in the FDI policy on the space sector dividing the satellites sub-sector into three different activities with defined limits for foreign investment in each such sector. The Centre stated that the proposed reforms will liberalize the FDI …

India Policy Space Indian Centre Sector Satellites
100% FDI to be allowed in space sector: Centre
10 months ago

100% FDI to be allowed in space sector: Centre

The Hindu  

Prime Minister Narendra Modi-led Union Cabinet on Wednesday took a series of key decisions, which included the approval for amendments to the existing Foreign Direct Investment policy on space sector. The liberalised entry routes under the amended policy are aimed to attract potential investors to invest in Indian companies in space,” said Union Minister Anurag Thakur. The amended policy extends …

Space States State Route Centre Sector Fdi
Centre examining FDI flow from China in Paytm Payments Services
10 months, 1 week ago

Centre examining FDI flow from China in Paytm Payments Services

Hindustan Times  

The government is examining foreign direct investment from China in Paytm Payments Services Ltd, the payment aggregator subsidiary of One97 Communications Ltd, sources said. An inter-ministerial committee is examining investments from China in PPSL and decision would be taken on the FDI issue after due consideration and comprehensive examination In November 2020, PPSL had applied for licence with the Reserve …

India China Investment Company Rbi Fdi Ppsl
Amazon to invest Rs 36,300 crore in Hyderabad, TS gets highest FDI
1 year, 11 months ago

Amazon to invest Rs 36,300 crore in Hyderabad, TS gets highest FDI

Deccan Chronicle  

HYDERABAD: In one of the highest Foreign Direct Investments into Telangana, Amazon Web Services announced on Friday that it would increase its investment from its previously committed Rs 20,096 crore in 2020 to Rs 36,300 crore by 2030. Amazon Web Services will invest in its three Hyderabad data centre campuses at Chandanvelly, FAB City, and Pharma City in phases. The …

India Hyderabad Data Investment Amazon Cloud Telangana
India reported highest FDI inflow worth $83 billion in 2021-2022: Centre
2 years, 7 months ago

India reported highest FDI inflow worth $83 billion in 2021-2022: Centre

Hindustan Times  

India has reported the highest foreign direct investment to the tune of $83.57 billion for the financial year 2021-2022, the Ministry of Commerce and Industry said, adding the country's foreign investment inflows increased 20-fold since the financial year 2003-04 when it recorded mere $4.3 billion. According to the government, the FDI inflow in the manufacturing sectors increased by 76 per …

India Karnataka Financial Billion Sector Cent Inflow
ED probed 17,000 cases under FEMA in 6 years
2 years, 7 months ago

ED probed 17,000 cases under FEMA in 6 years

Hindustan Times  

New Delhi: Last week’s move by the Enforcement Directorate against Chinese phone company Xiaomi, seizing ₹5521 crore held in the company’s bank accounts under the FEMA comes as the agency increases its scrutiny of violations of foreign exchange laws. Over 17,000 cases probed, 27,000 summons issued, 771 raids carried out by ED under FEMA in last six years ED initiated …

India Xiaomi Fema Fdi Ed Foreign
Centre amends FEMA rules to let 20% foreign investment in LIC's public issue
2 years, 8 months ago

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue

Firstpost  

The government is planning to dilute its stake in LIC through the the IPO. LIC in February had filed the Draft Red Herring Prospectus before the markets regulator Sebi for the IPO New Delhi: The government has amended rules of the Foreign Exchange Management Act, paving the way for up to 20 per cent foreign direct investment in the insurance …

Investment Foreign Investment Fema Public Ipo Lic Fdi
Centre amends FEMA rules to allow 20% FDI in LIC
2 years, 8 months ago

Centre amends FEMA rules to allow 20% FDI in LIC

Hindustan Times  

The government has amended rules of the Foreign Exchange Management Act, paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. Following the Cabinet approval, the Department for Promotion of Industry and Internal Trade on March 14 had amended the Foreign Direct Investment policy to facilitate overseas investment in LIC ahead of the …

Investment Fema Cent Foreign Ipo Lic Fdi
India logged highest FDI inflow in 2020-21: Centre tells Parliament
2 years, 10 months ago

India logged highest FDI inflow in 2020-21: Centre tells Parliament

Hindustan Times  

The Union government told Parliament on Friday that India registered its highest-ever annual Foreign Direct Investment inflow of US$ 81.97 billion in 2020-21. The government said these trends in India’s FDI are an endorsement of its status as a preferred investment destination amongst global investors. India registered its highest-ever annual Foreign Direct Investment inflow of US$ 81.97 billion in 2020-21, …

India Investment Parliament Fdi
Centre permits 100% FDI in telecom sector
3 years, 2 months ago

Centre permits 100% FDI in telecom sector

Hindustan Times  

The Centre on Tuesday informed that it has permitted 100% FDI under automatic route in the telecom services sector, news agency PTI reported. Press Note 3 of 2020 shared by the DPIIT states that a “non-resident entity can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. However, an entity of a country, which …

India Foreign Investment Dpiit Lic Fdi Press Note Telecom Sector
Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA
3 years, 11 months ago

Govt to Asks ED, RBI to Take Action Against Amazon, Flipkart on Violation of FDI Policy, FEMA

News 18  

In a significant development related to disputes between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders for blatant violation of FDI Policy and Foreign …

India Amazon Violation Fema Flipkart Fdi Cait
Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations
3 years, 11 months ago

Centre Directs ED, RBI to Act Against Amazon and Flipkart for FDI, FEMA Violations

News 18  

In a significant development related to war between e-commerce giants and traders of India, the Union Government has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against Amazon and Walmart-owned-Flipkart. The Centre has taken strong cognizance of various complaints made by the Confederation of All India Traders alleging blatant violation of FDI Policy and Foreign …

India Amazon Violation Fema Act Flipkart Fdi
CAG says offset obligations under Rafale deal yet to be fulfilled; 'opening can of worms?' asks Congress' P Chidambaram
4 years, 2 months ago

CAG says offset obligations under Rafale deal yet to be fulfilled; 'opening can of worms?' asks Congress' P Chidambaram

Firstpost  

The Dassault Aviation is the manufacturer of the Rafale jets while MBDA supplied the missile systems for the aircraft French aerospace major Dassault Aviation and European missile maker Matra BAE Dynamics Alenia are yet to fulfill> their offset obligations of offering high technology to India under the Rafale aircraft deal, the Comptroller and Auditor General said in a report released …

Technology Policy Congress Indian French Crore Foreign
FDI in Commercial Mining: Govt Nod Needed For Companies From Nations Sharing Border With India
4 years, 4 months ago

FDI in Commercial Mining: Govt Nod Needed For Companies From Nations Sharing Border With India

News 18  

The Centre on Monday clarified that any foreign direct investment in commercial coal mining from an entity of a country that shares land border with India will be allowed only after government approval. "This is with reference to the ongoing auction process of coal mines for commercial coal mining.It is further clarified that any FDI in the commercial coal mining …

India Commercial Mining Coal Fdi Press Note Commercial Coal Mining