Investment

The Competition Commission of India (CCI) approves subscription of units of Tower Infrastructure Trust (InvIT) by BIF IV Jarvis India Pte Ltd, British Columbia Investment Management Corporation (BCI), Anahera Investment Pte Ltd and Valkyrie Investment Pte Ltd under Section 31(1)...

To further boost investor sentiment and encourage investments, the Union Budget could announce a roadmap for convergence of all corporate tax rates to 15%, with no exemptions and incentives, by 1 April 2023, a senior industry official said.

The Government is coming out with a new trajectory of loss reduction and distribution companies will have to follow it to get further Government grants and or for access to loans from the Power Finance Corporation.

The next five years should see the commissioning of marquee projects like the Western Dedicated Freight Corridor (DFC) while there would be additional airports in Mumbai and Delhi NCR, according to a senior Indian industry official.

NITI Aayog will be supporting Union Territory of Ladakh's administration through its key initiative ‘Development Support Services to States for Infrastructure Projects (D3S-i)’.

India has not been able to take advantage of the Free Trade Agreements (FTAs) due to the poor quality of Indian goods or due to Non-Tariff Barriers (NTBs), Commerce and Industry Minister Piyush Goyal has said.

The Czech Republic is seeking to become a strategic partner of India and work jointly for its economic development, especially through industries such as IT, logistics and manufacturing.

The Institute of Directors (IOD) has further reaffirmed already strong and growing India-Singapore business ties following its three-day convention held in the city state 16-18 Jan 2020.

Global investment firm KKR has committed to invest an additional US$150 million in KKR India Financial Services (KIFS), KKR’s alternative credit business in India.

California’s Innominds, a specialist provider of Digital Transformation and software product engineering services for leading enterprises and global software product companies, has appointed a global marketing leader Sairam Vedam as its Chief Marketing Officer.