Kotak Bank seeks FIPB nod to hike foreign holding to 55%

Last Updated: Tuesday, April 21, 2015, 23:10

Private sector Kotak Mahindra Bank is seeking FIPB approval to hike foreign investment in the entity to 55 percent as the RBI has restricted more investments after they hit the permissible threshold.

Indian economic reforms on right track: US

Last Updated: Tuesday, April 14, 2015, 11:43

A series of reforms unleashed by India in recent months are "important steps" around open, predictable and rules based reforms, a senior American trade official has said, but insisted that more needs to be done to attract foreign investments in particular those from the US.

New Indian govt needs to ensure predictability: USIBC

Last Updated: Wednesday, April 1, 2015, 14:25

For the first time India has a government that understands business and foreign investment, the new head of an influential Indo-US business advocacy group has said while cautioning that the country needs to ensure "predictability" on law, policy and bureaucracy.

More steps on anvil to boost FDI

Last Updated: Sunday, March 29, 2015, 12:11

Currently, FDI proposals worth Rs 1,200 crore and below are approved by the FIPB and above that value they need to be approved by the Cabinet Committee on Economic Affairs (CCEA).

Insurance sector to get lot of foreign investment: Jaitley

Last Updated: Friday, March 20, 2015, 19:24

With the passage of three key economic legislations in Parliament, Finance Minster Arun Jaitley on Friday exuded confidence that the insurance sector is expected to get a lot of foreign investment.

Tax system being overhauled: Jaitley

Last Updated: Saturday, March 14, 2015, 16:27

Seeking to soothe the sentiments of foreign investors, disturbed by fresh claims of tax on past transactions by Indian authorities, Finance Minister Arun Jaitley has said his government was rationalising the country`s tax system to make it fair.

Insurers eye billions of dollars as Par clears Bill

Last Updated: Thursday, March 12, 2015, 22:38

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent.

Govt expects Rs 25,000 cr foreign investment in insurance sector

Last Updated: Thursday, March 12, 2015, 22:08

Foreign capital to the tune of Rs 25,000 crore is likely to flow into the insurance sector, with Parliament approving hike in foreign investment cap to 49 percent, Minister of State for Finance Jayant Sinha said Thursday.

Insurance Bill passage to boost foreign investment: Industry

Last Updated: Thursday, March 12, 2015, 21:54

Industry chambers Thursday hailed the passage of the Insurance Bill in Parliament, saying this long-awaited reform will mark a new beginning in the insurance sector and pave the way for higher foreign investment.

IIP, inflation data key for stock markets this week: Experts

Last Updated: Sunday, March 8, 2015, 11:11

Macro economic data, foreign investments, and crude oil price trend will dictate the stock market trend in the week ahead, say experts.

FDI in services sector up 44% during Apr-Dec

Last Updated: Sunday, March 8, 2015, 10:35

With government taking steps to improve the ease of doing business and attracting foreign investments, FDI inflows into the services sector grew by 44 percent to USD 2.29 billion in the April-December period of the current fiscal.

Tamil Nadu delegation attracts USD 4 bn investment

Last Updated: Thursday, February 26, 2015, 11:50

Indian state of Tamil Nadu has locked in about USD 4 billion of foreign investments of the USD 16 billion target set for the Global Investor's Meet (GIM) to be held later this year in Chennai.