Following the Indian government’s recent relaxation of FDI norms in the res estate segment allowing foreign investments, Indian builders welcomed the move describing it as encouraging gesture for new investors from across the world. Raheja Developers said it has made changes in their several existing business policies just to ensure the benefit of investors. "There is a requirement of 11 ...

India’s growth is set to rise to 7.2 percent in this fiscal with the economy reviving, helped by positive policy actions that have improved confidence and lower global oil prices, said the IMF giving a virtual go-ahead certificate to the global investors to throng the country. To continue on this trend, India needs to revitalise the investment cycle and accelerate ...

Wooing the 10-member ASEAN bloc to increase its economic engagement with India, Prime Minister Narendra Modi Wednesday said his government has embarked on a “new economic journey” and places equal emphasis on ease of doing business in India as well as on making policies attractive. In his maiden speech at the ASEAN-India Summit here, Modi said his government was laying ...

India’s Prime Minister Narendra Modi’s flight touched down at Kyoto, Japan’s old capital, on Saturday to open up warm and friendly ties between the two giants in Asia, which remained dormant since India’s independence in 1947, coupled with Japan’s defeat in World War Two in 1945. Moving over from war period relations centred around Indian leader Subhas Chandra Bose to ...

In a highly advertised TV media venture, BJP PM candidate Narendra Modi on Friday said a country-wide uniform sales tax structure, a push for infrastructure and privatisation of state-run units would form core of his economic policy once he is voted to power. In an interview to CNBZ Awaaz TV channel, he said the entire gamut of foreign equity needed ...

In an unusual defence of the decision of the Union Cabinet to permit FDI into multi-brand retail in the country, commerce minister said it will create 10 million new jobs including 6 million in the logistics sector alone, not touching the details of its possible replacement of many small traders on the street and road-side small shops. Ironically, the move ...

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on November 15, 2011, the Indian government has approved 18 Proposals of Foreign Direct Investment amounting to ` 2126.20 crore approximately. In addition, one proposal viz (i) M/s Unitech Wireless (TN) Pvt. Ltd., amounting to ` 8250 crore, has been recommended for consideration of Cabinet Committee ...