Investment

Double petchem capacity Source: PIB. Kumar calls on the industry to double capacity. Chemicals & Fertilizers Minister Ananth Kumar has called on the chemicals & petrochemical industry to double its output in five years from US$200 billion with a target...

FICCI says UK important   The United Kingdom remains an important economic partner for India, and with 1.5 million Indian diaspora, strong links between the two countries will continue, assured the Federation of Indian Chambers of Commerce and Industry today,...

Railway-State Jvs   Source: Indian Railways. Indian Railways is forming joint venture companies with different state governments which will further help in proliferating Railway Infrastructure across the nation. Disclosing this, the Railway Minister Suresh Prabhakar Prabhu said Indian Railways is...

Startup fund approved The government has approved the establishment of "Fund of Funds for Startups" (FFS) at Small Industries Development Bank of India (SIDBI) for contribution to various Alternative Investment Funds (AIF), registered with Securities and Exchange Board of India...

German technology confirmed Prime Minister Narendra Modi, chairing a cabinet meeting, has been apprised of signing of a Memorandum of Understanding (MoU) with Steinbeis GmbH Co. KG for Technologietransfer, Germany on technology resourcing in manufacturing, including sub-sectors of Capital Goods....

India needs underground technology Source: Coal India Ltd. Indian needs new technology to improve efficiency and safety in coal mining while relooking at the high cost of underground extraction, a senior government official has said. In order to achieve the government’s...

YES Bank to setup Singapore branch Singapore a springboard for Asian markets, says Rana Kapoor. With plans to raise USD one billion from international markets, private sector lender YES Bank is eying to setup an international branch here as a...

RSK-BSL merged England-headquartered IT and software company RSK Business Solutions and its Indian partner BSL Information Technology of Gurgaon have merged to jointly offer consultancy services across the world. The newly created UK-registered RSK Business Solutions Holdings Limited aims to...

India Inc's confidence improves Source: India Inc. Confidence levels of India Inc has improved, according to a business survey by the Federation of Chambers of Commerce and Industry (FICCI). The Overall Business Confidence Index was seven notches higher at 64.3...

India liberalizes FDI regime The Indian government has radically liberalized the Foreign Direct Investment (FDI) regime from June 20, 2016, riding on the success of winning FDI in recent years. The government said FDI inflows totaled US$55.46 billion in financial...