Investment

Japan, UK commit to development Japan has decided to be associated with the development of Chennai, Ahmedabad and Varanasi as smart cities, the country’s Ambassador to India Kenji Hiramatsu said in New Delhi. Japan is quite interested in urban development...

Apr-Oct gets US$27.82bn FDI India received #Foreign Direct Investment (FDI) of US$27.82 billion during April-October 2016-17, up from US$21.87 billion in April-October 2015-2016. Manufacturing constitute around 41.5 per cent of the equity inflows while non-manufacturing around 58.5 per cent (during...

Focus on improving farm output The #Cabinet has approved India’s two MoUs with #Portugal and #Kenya in the agriculture and allied sectors to share knowledge on improving farm output. The MoU with Portugal covers various activities including exchange of scientific...

Industry welcomes rate cuts   The industry has welcomed rate cuts announced by banks as it would give a leg up to both consumption and investment demand in the country. The #State Bank of India (SBI) slashed the marginal cost...

NRIs to lead INDIAINx trading Non-resident Indians (NRIs) will lead trading on the #Indian International Exchange (INDIAINx), which will be launched by #Prime Minister Narendra Modi on January 9, 2017 at the #Gujarat International Finance-Tec (GIFT) City. INDIAINx, a subsidiary...

Lucknow Metro Ministry of Urban Development has released Rs.250 crore for the Lucknow Metro Rail project, a joint venture project of central and Uttar Pradesh Government. The Ministry had earlier this year released Rs.300 crore for the project for which...

Yanmar agri-technology Yanmar tractor. Japan’s #Yanmar has signed an Rs.1,600 crore agreement with #Blackstone Equity Investors to increase its stake by 18 per cent in the Punjab-based #International Tractors Ltd, makers of #Sonalika brand of tractors. Post-acquisition, Yanmar’s stake in...

Scope of Sagarmala projects JNPT is part of Sagarmala projects. An extensive programme has been planned out for #Sagarmala Development Company (SDC), which has initial authorized capital of Rs.1,000 crore and subscribed share capital of Rs.90 crore. The SDC is...

Strategic partnership sought   Gurgaon-based #TNRIC is looking for international strategic partners in information technology and financial assistances for its property related businesses which especially serve for non-resident Indians (#NRI). “We are looking for strategic partner in information technology and...

Powered programme The government has embarked on a powered programme to provide 24x7 power across the country by 2019 as it invests in generation capacity. Its special focus is on the #North East by giving approval to the region’s power...