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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
Singapore Airlines gets FDI nod from Indian govt for Vistara-Air India merger
3 months, 3 weeks ago

Singapore Airlines gets FDI nod from Indian govt for Vistara-Air India merger

Deccan Chronicle  

Singapore: Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups. With the clearance in place, the merger that will see Singapore Airlines acquiring a 25.1 per cent stake …

India Singapore Airlines Indian Airline Approval Merger
Not against e-commerce, seeking fair play and integrity in their operations, says Piyush Goyal
4 months ago

Not against e-commerce, seeking fair play and integrity in their operations, says Piyush Goyal

The Hindu  

A day after Commerce and Industry Minister Piyush Goyal’s sharp critique of e-commerce platforms like Amazon, red-flagging predatory pricing policies and possible violations of the Foreign Direct Investment norms, he stressed that he was not against e-commerce per se but wanted players to ensure fair play and honesty in their business practices. Speaking to students at Mumbai’s Atharva College, the …

Commerce Online Fair Play Fair Goyal Fdi
The India-EFTA pact’s highlight is its investment aspect
8 months, 3 weeks ago

The India-EFTA pact’s highlight is its investment aspect

Live Mint  

In many ways, the recently concluded agreement between India and the European Free Trade Association is mainly a confidence building measure for India in the run-up to trade agreements likely to be pursued after general elections with the EU and UK. In most cases, the I-EFTA pact will have limited impact—India’s principal import from the four-nation group, gold, is not …

India Investment Indian Swiss Tariff 15 Years Fdi
Reading the fine print of India-EFTA trade deal
8 months, 3 weeks ago

Reading the fine print of India-EFTA trade deal

Hindustan Times  

It took 16 years of negotiations for India and the European Free Trade Association — comprising Switzerland, Norway, Iceland, and Liechtenstein — to clinch a free trade agreement. Furthermore, EFTA countries, through their FDI, shall generate one million direct jobs in India within 15 years of the FTA coming into force. The EFTA countries are only under a legal obligation …

India States Investment Billion 15 Years Fdi Concessions
Centre's 'White Paper on Economy' lists corruption cases during UPA govt. Check their status
10 months, 2 weeks ago

Centre's 'White Paper on Economy' lists corruption cases during UPA govt. Check their status

Hindustan Times  

Union finance minister Nirmala Sitharaman on Thursday tabled the White Paper, shedding light on the extent of corruption that plagued the Indian economy during the UPA government's tenure. The white paper provided an overview of the current status of several high-profile corruption cases, and the government's efforts to address past wrongdoings. INX Media Case The case came to light in …

Finance Corruption Cases Indian Case Upa White
How India-China investment tension affects India's economy
3 years, 8 months ago

How India-China investment tension affects India's economy

China Daily  

A vendor poses in front of his stall with a T-shirt bearing the logo of the video-sharing application TikTok in New Delhi on Tuesday, June 30, 2020. The restrictions did follow the disclosure in early April that the People's Bank of China bought a "1 percent stake in India's largest nonbanking mortgage provider HDFC Bank”, and that the move was …

India Economy China Investment Indian Companies Foreign Investment
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
49 years on, India, Bangladesh should deal with unresolved issues
4 years ago

49 years on, India, Bangladesh should deal with unresolved issues

Hindustan Times  

As Bangladesh marks its liberation war victory day on December 16, it is a good time to look at a crucial question that was both central to that era and is relevant even in the present day: where do Delhi-Dhaka ties stand now? Vikram Doraiswami, the Indian high commissioner to Bangladesh, said in his first press briefing in Dhaka, “There …

India China Pakistan Border Indian Sheikh Hasina Dhaka
Delhi HC Reserves Order On Maintainability Of Future Group's Plea Seeking Injunction On Amazon's Interference In Deal With Reliance Retail
4 years, 1 month ago

Delhi HC Reserves Order On Maintainability Of Future Group's Plea Seeking Injunction On Amazon's Interference In Deal With Reliance Retail

Live Law  

The Delhi High Court has reserved order on the maintainability of a plea by Kishore Biyani-led Future Retail Ltd seeking an ad-interim injunction against Amazon Inc for sending letters to various regulatory authorities writing about an injunction award by an Emergency Arbitrator against Future Retail Ltd's acquisition by Reliance Industries Ltd's entities for about Rs. The case relates to a …

Law India Delhi Emergency Amazon Indian Reliance
Amazon May be on the Wrong Side of India’s FDI Rulebook for Multi-brand Retail on Dispute with Future Retail
4 years, 1 month ago

Amazon May be on the Wrong Side of India’s FDI Rulebook for Multi-brand Retail on Dispute with Future Retail

News 18  

Here is a sentence, which sounds innocuous and laced with bureaucratese at first glance, that may well be read and re-read several times and subjected to rigorous legal interpretation in the coming weeks. This sentence is from Clause of Section 5.2.15.4 titled “Multi-brand Retail Trading” of India’s “Consolidated FDI Policy”, an umbrella rulebook that contains micro-details of foreign investment regulations …

India Amazon Deal Reliance Fdi Frl Future Retail
Amazon-Future Deal: Possible Case of Tail Wagging the Dog
4 years, 1 month ago

Amazon-Future Deal: Possible Case of Tail Wagging the Dog

News 18  

A controversial deal made by Amazon with an arm of Future group in August last year has put the US e-commerce giant at odds with both Future group founder Kishore Biyani and Reliance Retail, which acquired the assets of the troubled retailer in August this year. Here is how Amazon is trying to accomplish this feat: On August 12, 2019, …

Retail Future Rights Amazon Assets Control Agreement
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 …

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