Finance minister Nirmala Sitharaman on Monday pitched the India story to a large group of pension funds and institutional investors in the US and impressed on them to take advantage of India’s enormous investment opportunities. Sitharaman addressed a roundtable on “Investment Opportunities in India” at the New York Stock Exchange (NYSE), the world’s oldest and … Read more
“Regarding India, there are concerns in the markets that portfolio rebalancing could favor undervalued Chinese stocks, contributing to some hesitation in price movements,” says Radhika Rao, DBS Bank. My opening statement was framed as a question to you. We have seen a stimulus blitz take place in China, which was much needed to revive the … Read more
\Vistara-Air India merger: Tata Group-owned Air India will formally merge with the Vistara brand on November 12. Singapore Airlines (SIA) has recently disclosed that the Government of India has granted approval for foreign direct investment (FDI) regarding the merger agreement with Air India. Commencing from September 3, passengers will be gradually re-routed to the Air … Read more
Motilal Oswal Asset Management Company has announced the launch of the Motilal Oswal Nifty India Defence Index Fund, which is India’s first Index Fund offering exposure to defence stocks listed in India. Motilal Oswal Nifty India Defence Index Fund is an open-ended fund replicating/tracking the total returns of the Nifty India Defence Index. The NFO … Read more
The scenes of farmers and agriculture workers protesting at Delhi’s borders are a throwback to 2020-21: long lines of about 1,000 trolleys attached to brightly-coloured tractors, large dekchis of sweet chai boiling on wood-fuelled stoves to serve hundreds, voices of peacefully organised dissent. In this time’s Delhi Chalo call, though, police and paramilitary forces are ‘better prepared’: … Read more
India and Egypt plan to push bilateral trade to $12 billion within the next five years. This was discussed during a meeting between Prime Minister Narendra Modi and the India unit of the Egyptian Cabinet led by its Prime Minister Mostafa Madbouly in Cairo on Saturday, officials said. The volume of trade between the two … Read more
The information and broadcasting industry received foreign direct investment (FDI) of ₹1,535.2 crore during the quarter ended December 2022, data from the Department for Promotion of Industry and Internal Trade (DPIIT) shows. Of this amount, films and advertisements sub-segment received ₹1,524.8 crore, while radio broadcasting received ₹10.3 crore. For the first nine months of 2022-23, … Read more
India has done well among emerging market economies in terms of attracting foreign direct investment (FDI), according to a domestic rating agency. However, the India Ratings and Research agency added that the foreign investors continue to chase bets in the services sector in India despite the Narendra Modi government’s high-octane push to boost manufacturing through … Read more
‘Negotiations are on. We are on track,’ says Commerce Secretary Sunil Barthwal. ‘Negotiations are on. We are on track,’ says Commerce Secretary Sunil Barthwal. Negotiations for the proposed trade pact between India and the United Kingdom are moving in the right direction, and both sides are expected to reach an agreement soon, a top government … Read more
Earlier, inaugurating the Summit, Science & Technology Minister Jitendra Singh noted that the ISRO had launched Singapore’s first indigenously built micro-satellite in 2011 and eight more during 2014-15. India’s new foreign direct investment (FDI) policy for the space sector could allow overseas companies to set up their own infrastructure in line with the government guidelines, … Read more