Author Archives: Joseph Administrator
TESCO INVESTED RS 850 CRORE IN MULTI-BRAND RETAIL
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- Apr, 24, 2015
- Joseph Administrator
- Legal Update
British retail major Tesco has invested Rs 850 crore in multi-brand retail trading in the country. Government approved a proposal from Tesco Overseas Investment Ltd (Tesco), a UK company, for foreign investment of not less than USD 110 million to carry out business of multi-brand retail trading in India. The FDI inflow reported by the […]
CHINA MARCH FDI STAYS ROBUST AT $12.4 BILLION, OUTBOUND FLOWS UP 29.6% IN Q1
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- Apr, 16, 2015
- Joseph Administrator
- Legal Update
Foreign direct investment (FDI) in China rose 2.2% on the year in March, while outbound flows posted a milder rise, as foreign corporate investors remain undeterred by weakening domestic economic performance. That brings inbound FDI up 11.3 % to $34.88 billion for the first quarter. The data follows a series of disappointing data releases, highlighting […]
INDIA INC INVESTS $2.27 BILLION OVERSEAS IN MARCH, DOWN 59%
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- Apr, 15, 2015
- Joseph Administrator
- Legal Update
Foreign Direct Investment made by Indian industry in the overseas markets fell 59 per cent to $2.27 billion last month. Indian firms had made FDI of $5.47 billion in March last year. In February of this year FDI stood at $2.51 billion. According to Reserve Bank release today, of the total FDI by Indian companies […]
FDI IN SERVICES SECTOR UP 47 PER CENT DURING APRIL 2013-JANUARY 2014
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- Apr, 14, 2015
- Joseph Administrator
- Legal Update
With government taking steps to improve the ease of doing business and attract foreign investments, FDI inflows into services sector grew by about 47 per cent to $2.64 billion in April-January last fiscal. The sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received foreign direct investment (FDI) worth $1.80 billion during […]
FIPB CLEARS 10 FDI PROPOSALS WORTH RS 2,857 CRORE
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- Mar, 26, 2015
- Joseph Administrator
- Legal Update
The government has cleared 10 foreign direct investment (FDI) proposals entailing Rs 2,857 crore worth of investment. Hong Kong-based single brand retailer Wacoal International has received Foreign Investment Promotion Board’s (FIPB) approval to set up a Joint Venture (JV) with 51% equity participation for undertaking of single brand retail trading under the brand name Wacoal. […]
FDI VIA APPROVAL ROUTE SURGES 162 PER CENT TO $1.91 BILLION IN APRIL-JANUARY
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- Mar, 22, 2015
- Joseph Administrator
- Legal Update
Foreign Direct Investment into India through the approval route shot up 162 per cent to USD 1.91 billion in the first 10 months of the current fiscal, indicating that government’s effort to improve ease of doing business and relaxation in FDI norms may be yielding results. During the full 2013-14 fiscal, India had received USD […]
FDI VIA APPROVAL ROUTE SURGES 162 PER CENT TO $1.91 BILLION IN APRIL-JANUARY
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- Mar, 22, 2015
- Joseph Administrator
- Legal Update
Foreign Direct Investment into India through the approval route shot up 162 per cent to USD 1.91 billion in the first 10 months of the current fiscal, indicating that government’s effort to improve ease of doing business and relaxation in FDI norms may be yielding results. During the full 2013-14 fiscal, India had received USD […]
FDI DOUBLES TO $4.48 BILLION IN JANUARY, HIGHEST IN 29 MONTHS
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- Mar, 17, 2015
- Joseph Administrator
- Legal Update
Foreign direct investment (FDI) in India more than doubled to $4.48 billion in January, the highest inflow in last 29 months. In January, the country had received $2.18 billion in FDI. It was in September 2012 that India had attracted FDI that was worth $4.67 billion. During the April-January period of the current fiscal, the […]
UTI MUTUAL FUND TO RAISE USD 300 MILLION IN DUBLIN NEXT MONTH
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- Mar, 14, 2015
- Joseph Administrator
- Legal Update
UTI mutual fund is set to launch a second offshore equity fund to raise USD 300 million in Dublin next month, shortly after mopping up USD 300 million through a similar fund last year which tapped vast European investments. UTI mutual fund has already raised USD 300 million through a similar fund launched in Dublin […]
INDIA OFFERS $500 MN CREDIT TO MAURITIUS, 5 PACTS SIGNED
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- Mar, 11, 2015
- Joseph Administrator
- Legal Update
India offered $ 500 million concessional line of credit to Mauritius for key infrastructure projects as the two nations signed five pacts, including on ocean economy, during Prime Minister Narendra Modi’s visit to the strategic Indian Ocean island nation. Mauritius, in turn, offered India cooperation on information exchange on taxation. The India-Mauritius Double Taxation Avoidance […]