Investment

NBCC's 15% divestment approved NBCC's project New Market, Imphal. The Cabinet Committee on Economic Affairs has approved the disinvestment of 15% paid up equity of National Buildings Construction Corporation Limited (NBCC) out of Government's 90% shareholding. It would generate estimated Rs.1,706...

Consumer driven demand, says DBS The Indian economy expanded 7.6% YoY in FY15/16 (Apr-Mar) from 7.3% the year before. Despite the improvement, recovery was uneven. On the positive side, growth was driven by consumption spending (primarily urban demand) and public...

INR223.25 crore FDI approved Source: Corona. INR118 crore FDI approved. The government has approved three Foreign Direct Investment (FDI) proposals involving INR223.25 crore for Corona Remedies, Cydista Ltd., Mauritius, and Ordain Health Care Global. Corona Remedies Private Limited, a pharmaceutical...

Singapore snares 17 M&As Source: GMR. Attractive M&A assets include power plants. Seventeen merger and acquisitions (M&As) involving Singapore and Indian companies were concluded in the first half of this year, according to a report Duff & Phelps, an independent...

Axis seeks investment Source: Axis Bank. The government has approved increase in foreign investment in Axis Bank Ltd’s from the current 62 per cent to 74 per cent on a fully fungible basis. The Cabinet Committee on Economic Affairs (CCEA)...

Pursue FTA with UK A Survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) brings to the fore the concerns of India Inc. over the possible near term impact of ‘Brexit’ on Indian business and the economy, but...

FDI in Food Retail Prime Minister Narendra Modi inspects a processing plant. Source: Ministry of Food Processing Industries. By Dr Amitendu Palit (This paper was first published by the Insitute of South Asian Studies at the National University of Singapore)....

Be proactive for agri-sector Source: Rabobank. Be proactive, says Marcel van Doremaele. India needs to be proactive on its agricultural schemes and policies, modernize the sector, raise the expertise level and increase knowledge among farmers, says Marcel van Doremaele, chief...

WB lends for solar Source: Fortum. Installation of solar panel on Fortum project. The World Bank would lend India more than US$1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its...

US companies in Smart Cities Source: Hosing and Urban Development Ministry. US companies are working on project proposals to take advantage of the investment opportunities under Smart City Mission and other initiatives. The companies told this to Urban Development and...