Category Archives: Legal Update
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 […]
FDI IN SERVICES SECTOR INCREASE BY 44 % DURING APRIL-DECEMBER
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- Mar, 08, 2015
- Joseph Administrator
- Legal Update
With government taking steps to improve the ease of doing business and attracting foreign investments, FDI inflows into the services sector grew by 44 per cent to $2.29 billion in the April-December period of the current fiscal. The sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received foreign direct investment (FDI) […]
46 PPP PROJECTS UNDERWAY IN URBAN AREAS WORTH RS 25,902 CRORE
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- Mar, 04, 2015
- Joseph Administrator
- Legal Update
There are 46 public-private- partnership (PPP) projects at various stages of implementation in 33 cities at a total approved cost of Rs 25,902.84 crore for infrastructure development in urban areas. The PPP projects in 33 states relate to Mass Rapid Transport Systems (19), solid waste management (25), water supply, parking lots, roads, flyovers and road […]
FDI DOUBLES TO $2.16 BILLION IN DECEMBER
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- Feb, 22, 2015
- Joseph Administrator
- Legal Update
Foreign direct investment (FDI) in India almost doubled to $ 2.16 billion in December 2014, compared to $ 1.10 billion in December 2013. During the April-December period of current fiscal, FDI rose by 27 per cent to $ 21.04 billion as against $ 16.56 billion in the same period last fiscal, as per the data […]