Search result for FDI
NOT MAURITIUS, BUT US IS NOW THE SECOND LARGEST SOURCE OF FDI IN INDIA
Highlights
• The data by the department for promotion of industry and internal trade (DPIIT) said that during the last financial year, India was successful in attracting $5.64 billion in FDI from Mauritius
• The country of Singapore secured its number one position be...
CHINA SAW ITS FDI TO RISE 38.6% IN JANUARY – APRIL PERIOD
Highlights –
- China saw its FDI to rise 38.6% in January-April period.
- China saw foreign investment in the services industry to surge 46.8 percent year on year.
- Association of Southeast Asian Nations investments expanded 65.2 per...
US LAWMAKERS WELCOME 74 PERCENT FDI INCREASE IN INDIAN INSURANCE SECTOR
HIGHLIGHTS
- Two influential US lawmakers have welcomed the Indian government's decision to increase foreign direct investment in the insurance sector.
- Now 74% FDI is allowed in the Indian insurance sector.
Two US lawmakers namely ...
US LAWMAKERS APPLAUD INDIAN GOVERNMENT'S DECISION TO UP FDI IN INSURANCE SECTOR TO 74%
Highlights
• The Insurance Amendment Bill 2021, which led this rise in the FDI was passed by the India's Parliament in the month of April
• Congressman Brad Sherman and Steve Chabot said “We are very encouraged by the inclusion of a proposal to raise the li...
FOREIGN DIRECT INVESTMENT IN SEOUL RECORDS $10.2 BILLION IN 2020
Highlights –
- Foreign Direct Investment in Seoul records $10.2 billion in 2020.
- Seoul continued to maintain an upward trend in FDI since 2017.
- South Korea’s overall FDI however fell11 percent.
- Seoul saw an increase in ...
AMAZON VP WARNS AGAINST DELIBERATE EFFORT TO DISCREDIT AMAZON’S BUSINESS IN INDIA
HIGHLIGHTS
- Amit Agarwal, Amazon global senior VP and India head, claims deliberate and organized effort being made by vested interests to discredit Amazon’s business in India.
- Amazon has been accused of allegations of circumventing FDI norms.
FDI HIKE IN INSURANCE EXPECTED TO BOOST FOREIGN CAPITAL IN INDIA
HIGHLIGHTS
- The new budget presented by FM Nirmala Sitharaman allows 74% FDI in insurance business.
- The new budget proposal is can help local private insurers expand presence in India.
With the new budget presented by Finance Minister...
AIRTEL GETS APPROVAL FOR 100% FDI IN SUBSIDIARIES
HIGHLIGHTS
- Airtel has received required regulatory approvals from DoT for 100% FDI in its subsidiaries.
- The process to revise the foreign investment limit of Airtel has been initiated.
- The new move of Airtel has been notified to its deposit...
ATMANIRBHAR BHARAT IS NOT INWARD-LOOKING, BUT AIMED AT BOOSTING INDIA’S CAPABILITIES SAYS PM MODI
Highlights
• PM Narendra Modi said India’s self-reliance on defence capabilities will boost its standing of being net security provider in the Indian Ocean
• The main purpose of imposing ban on numerous defence equipments is not only curbing the imports but als...
ALIBABA GROUP TO SHY AWAY FROM INDIAN STARTUPS MOMENTARILY
- China’s largest e-tailer, Alibaba Group is done with investing in Indian startups for the time-being at least, amidst geo-political conflicts arising from border skirmishes.
- The Chinese group which has investments worth around $2 billion lying in Indian startups has come ...
HISTORIC DAY FOR COAL SECTOR AS PM MODI LAUNCHES AUCTION OF COMMERCIAL MINING
Highlights
• After this decision by the Prime Minister Narendra Modi, 100 percent FDI (Foreign Direct Investment) will be allowed
• The commercialization of these coal blocks will approximately generate Rs 33,000 crore of capital investment in India over the period o...
SENSEX JUMPS 350 POINTS, NIFTY TOPS 10,250
Highlights
• At present, the S&P BSE Sensex is down and trading at 34,344.35 levels, while the benchmark NSE Nifty50 index is at 10,170.30 levels
• Stocks of Sun Pharma, Asian Paints and ITC were the top Sensex gainers in the morning trading session, on the other...
JAPAN TIGHTENS RESTRICTIONS ON FOREIGN INVESTMENT IN HEALTHCARE
HIGHLIGHTS
- To prevent predatory acquisitions (in the name of investment) in healthcare sector, Japan is strict laws now.
- The Foreign Exchange and Foreign Trade Act (FEFTA) has been revised.
- Potential investors need to consult FDI experts to...
INDIAN GOVERNMENT TO BRING IN MORE FDI IN DEFENCE MANUFACTURING
Highlights
• Finance Minister Nirmala Sitharaman said the foreign direct investment in India’s defence manufacturing will be increased to 74 percent from previous 49 percent
• The Government of India will work towards improving autonomy, efficiency and accounta...
INDIA OFFICIALLY BARS AUTOMATIC CHINESE FDI IN THE COUNTRY
Highlights:
- India, to safeguard Chinese takeover of Indian firms bans automatic FDI from China
- This ensures that no Chinese investment enters India through linkages or through countries like Singapore, Hong Kong
The Indian Department for Promotion of...
Vietnam: The Likely Beneficiary to the US-China Trade War?
January 15, 2020, saw the much anticipated first phase of a trade deal between the US and China materialize, after nearly 18 months of trade war. Even as the United States scrapped plans to levy additional tariffs on Chinese products in December, 25% tariffs still remain on nearly $250 billion wo...
Indian government expected to open its aviation and insurance industries to foreign investors
The Indian government should open its insurance and aviation industries to foreign investors, in an attempt to revitalize a slowing economy.
The Ministry of Finance proposed to increase from the current level of 49 percent to 74 percent the ceiling on foreign direct investment in Indian...
Indian government may open its insurance and aviation industries to foreign investors
In an effort to revitalize a slowing economy, the Indian government may open its insurance and aviation industries to foreign investors.
The Ministry of Finance proposed to raise the limit on foreign direct investment in Indian insurance and pension firms from the current level of 49 pe...
Federal Banking Regulators Give No-Action Relief To Directors, Shareholders, etc.
The FDIC, the Federal Reserve Board ("FRB") and the OCC gave, until its expiration on the 1st of January of next year, a no-action relief to asset managers and various other establishments from Reg O.
Regulation O is a Federal Reserve regulation that sets quantitative limits a...
General insurance want FDI to be raised to 74 percent
General insurance firms are in favor of expanding the sector's ceiling on foreign direct investment (FDI) to 74%.
The General Insurance Council (GIC), India's representative body of general insurance, health insurance and reinsurance firms, met last week to discuss insurance com...