Monday, Jul 02, 2012
Scarcity of raw materials such as rock phosphate, phosphoric acid and natural gas is prompting fertilizer companies to scout for overseas JVs.
Monday, Jun 04, 2012
The Department of Industrial Policy and Promotion (DIPP) may review FDI norms in single brand retail as the move has not led to foreign brands to come rushing in India.
Monday, Jun 04, 2012
Sahara India has signed an MoU with the Ministry of Housing and Public Works (MOPW) of Bangladesh Government for a satellite township project.
Monday, May 07, 2012
Tata Steel Europe, the European subsidiary of Tata Steel, is planning to upgrade its steel plants in Wales. The company is likely to invest up to $1.3 billion (approx Rs. 6,669 crore) over the next five years to upgrade its steel plants.
Monday, May 07, 2012
The government accorded approval to Shantha Biotechnics' proposal of Rs. 514 crore to increase its foreign equity in brownfield pharmaceutical sector to carry out the activities of research, development, manufacturing and marketing of bio-tech products an
Monday, Apr 09, 2012
Sesa Goa, in order to consolidate its iron ore
business, has announced investment of $2.6
billion (approx Rs 12,870 crore) in its Liberian iron
ore assets.
Monday, Apr 09, 2012
During March 2012, the Reserve Bank of India (RBI) announced few revisions aimed at
liberalising the norms for direct investment abroad by Indian residents.
Monday, Mar 12, 2012
The FIPB has consented to some of the rigid norms proposed by the Ministry of Health for multinational pharmaceutical companies trying to acquire the Indian firms.
Monday, Mar 12, 2012
In early February 2012, CEAT, announced its plans to foray in Bangladesh. The company intends to set up a tyre manufacturing plant in Bangladesh at an investment of Rs 250 crore by 2015.
Monday, Feb 13, 2012
In January 2012, Bhilwara Energy Limited (BEL) achieved financial closure for its 120 MW Likhu IV hydro electric Project in Nepal. While the total capital requirement of the project is Rs 1,020 crore, BEL raised Rs 663 crore from a consortium of Indian an
Monday, Feb 13, 2012
The Union Government, on 10 January 2012, notified 100 per cent FDI in single-brand retail under the government approval route thus paving way for global chains like Adidas, Louis Vuitton and Gucci to have full ownership of their India operations.
Monday, Jan 09, 2012
The Aditya Birla Group is venturing in Turkey with its proposed viscose staple fibre (VSF) plant with an investment of Rs 2,650 crore. With this, the Group will have pulp and fibre operations in seven countries.
Monday, Dec 12, 2011
SAIL has signed an MoU with Oman Oil Company to jointly set up three million tpa gas based steel plant in Oman at an investment of Rs 15,000 crore. The final agreement to this effect is likely to be signed soon.
Monday, Dec 12, 2011
In November 2011, the Union Ministry of Finance gave its concurrence to the draft Cabinet note of the DIPP on allowing FDI in the multi-brand retail sector in India.
Monday, Nov 14, 2011
The Union Government is likely to introduce changes in the FDI norms for the domestic aviation sector, which may allow foreign airlines to acquire a minority stake in domestic airlines.
Monday, Nov 14, 2011
Indonesia is slowly becoming a sought after destination among Indian business houses. A number of Indian players like the Tatas Reliance Power and the Adani Group have invested in the country in various projects.
Monday, Oct 17, 2011
Anumber of Indian energy companies are scouting for overseas coal assets. As the local supplies are falling short, the companies are looking at Australia, Indonesia and Africa to secure coal supplies for their power project back home.
Monday, Oct 10, 2011
The Union Government has released the fourth edition - Circular 2 of 2011 of the consolidated FDI policy document. The government has introduced some significant changes in this edition, including permission for overseas investment in beekeeping, share-pl
Monday, Sep 12, 2011
Indian Companies are making a beeline to secure coal assets abroad in order to ensure continuous fuel supplies to their power projects back home. During August 2011, the GMR Group and GVK Power & Infrastructure announced two such acquisitions.
Monday, Aug 08, 2011
GMR Infrastructure has moved a step closer in strengthening its presence in power sector in Singapore. The company's Singaporean arm, GMR Energy (Singapore) Pte has tied up debt for it 800 MW power project at the Jurong Island in Singapore.
Monday, Aug 08, 2011
In July 2011, the Union Government's Committee of Secretaries (CoS) gave in-principle approval to the proposal to allow up to 51 per cent FDI in multibrand retail.
Monday, Aug 08, 2011
Finally, FDI in multi-brand retail will be a reality! The Government took a giant step in July 2011 towards opening this sector with the Committee of Secretaries (CoS) giving an in-principle nod to allow FDI up to 51 per cent.
Monday, Jul 11, 2011
Tata Steel, world's seventh largest steel maker, has initiated steps to fulfil the iron ore requirement of its European facilities.
Monday, Jul 11, 2011
FDI inflows in India have touched $4.66 billion (approx Rs 20,970 crore) in May 2011 which is a second highest monthly FDI received in the country since 2000.
Monday, Jun 06, 2011
Mundra Port and Special Economic Zone (MPSEZ) has acquired Abbot Point Port in Australia in an all cash deal for Australian $1.8 billion (approx Rs 9,000 crore).
Monday, Jun 06, 2011
The DIPP is mulling to remove the mandatory CCEA nod for FDI above Rs 1,200 crore, thus encourage more foreign investment in the country.
Monday, Apr 11, 2011
PSL is likely to operationalise its Second Pipe Mill in
Hamriyah Free Trade Zone (FTZ), Sharjah in May
2011. The mill will have a capacity to manufacture
75,000 tpa taking the total pipe production
capacity to 1,50,000 tpa in West Asia through its
subsidi
Monday, Apr 11, 2011
The DIPP has relaxed FDI norms in order to enhance the dwindling share of FDI in India and has permitted companies to prescribe a formula for transforming convertible instruments (such as debentures, partly paid shares and preferential shares, among other
Monday, Mar 14, 2011
The month of February 2011 saw a massive single FDI deal struck between Reliance Industries (RIL) and UK's BP Plc.
Monday, Mar 14, 2011
IOC is mulling to set up a refinery in Turkey. IOC may pump in $5 billion (approx Rs 22,750 crore) in setting up the refinery for which feasibility work is being carried out.
Monday, Feb 14, 2011
In January 2011, the Union Ministry of Finance on recommendations of the FIPB, ratified 19 FDI proposals amounting to Rs 4,340.77 crore.
Monday, Feb 14, 2011
BHEL is mulling to set up an assembling facility in Indonesia. The company is in the advanced stage of negotiations with the Indonesia
Monday, Jan 10, 2011
The declining trend in the FDI inflows in India
continued in November 2010.
Monday, Jan 10, 2011
Tata Chemical's UK subsidiary Brunner Mond on 20
December 2010 signed a binding agreement to
acquire 100 per cent stake in British Salt.
Monday, Dec 13, 2010
The Union Ministry of Finance on 3 November 2010, on the recommendations of the FIPB, cleared 13 proposals of FDI amounting to Rs. 1,710.63 crore.
Monday, Dec 13, 2010
The Union Government is likely to provide funds for road projects in Nepal to help improve transport infrastructure.
Monday, Nov 08, 2010
The Government of India has entered into an agreement with the Syrian Government.
Monday, Oct 11, 2010
NHPC plans to submit a report on proposed power
projects in Myanmar to the Union Ministry of
External Affairs by October 2010.
Monday, Sep 13, 2010
Lanco Infratech has joined hands with Bukit Asam,
the Indonesia based coal mining company.
Monday, Aug 09, 2010
The Union Government is likely to ease norms governing investments by Indian companies having FDI, allowing them to invest internally generated funds in subsidiaries without prior approval.
Monday, Aug 09, 2010
Nakoda Textiles has acquired South Korea based
Kyunghan Industry Company in a deal worth $40
million (approx Rs 186 crore).
Monday, Jul 12, 2010
Venkateshwara Hatcheries (Venky's) has entered into the south east Asian market by setting up a poultry feed manufacturing facility in the Tay Ninh Province of Vietnam with total investment of Rs 150 crore.
Monday, Jul 12, 2010
Venkateshwara Hatcheries (Venky's) has entered into the south east Asian market by setting up a poultry feed manufacturing facility in the Tay Ninh Province of Vietnam with total investment of Rs 150 crore.
Sunday, Jul 11, 2010
As the Union Government is working towards releasing a discussion paper on FDI in retail trade, DIPP has initiated an exercise to amend the FDI policy for wholesale trading, also known as cash-&-carry trading. The move is aimed at sprucing up the country'
Monday, Jun 14, 2010
NCC to revive Dubai development plan
Nagarjuna Construction Company (NCC) is likely to
go ahead with its twin tower project NCC Harmony
in Dubai.
Monday, Jun 14, 2010
The Union Government is mulling over a
proposal to set up a new oversight body to
ensure that companies with foreign holdings
will not invest in sectors in which FDI is currently
prohibited.
Monday, May 10, 2010
A joint technical team of the Bangladesh Power
Development Board (BPDB) and NTPC has selected
a site near the southwest Mongla Port at Khulna in
Bangladesh for setting up of a proposed 1,310 MW
coal based power plant as a JV between Bangladesh
and India.
Monday, May 10, 2010
The CCEA on 8 April 2010 banned fresh FDI in
cigarette manufacturing, thus putting an end
to a much-debated issue. The CCEA decision
has now put cigarette manufacturing activity in the
list of activities prohibited for FDI.
Monday, Apr 12, 2010
Dr Reddy's Laboratories (DRL), on 17 March 2010,
commissioned the commercial scale manufacturing
facility for pharma grade mPEG alcohols at its
Cuernavaca facility in Mexico.
Monday, Apr 12, 2010
In a bid to simplify the Foreign Direct Investment
policy the Union Commerce and Industry
Ministry on 1 April 2010 unveiled a
comprehensive policy document that consolidates
all policies on foreign direct investment, including as
many as 178 Press Notes i
Monday, Mar 08, 2010
Emphasising the need of higher Foreign Direct Investment (FDI) to meet the increased need of Infrastructure projects, the Finance Minister in his latest Budget stated that the Union Government is planning to take series of steps to simplify the FDI regime
Monday, Mar 08, 2010
The Union Government on 20 February 2010 signed a deal with the Bangladesh Government to jointly set up a 1,320 MW coal based power project in Bangladesh and a cross-border transmission link.
Monday, Feb 08, 2010
Second time in succession, FDI inflows into India
registered upward growth on Y-o-Y basis. In
November 2009, FDI inflows posted a vigorous Y-o-
Y rise of 60 per cent with $1.7 billion against $1.08
billion in the corresponding month of 2008.
Monday, Feb 08, 2010
On 11 January 2010, the Indian and the Bangladesh
Government signed an MoU on cooperation in the
power sector. Besides, the government has
announced a $1 billion (approx Rs 4,500 crore) line
of credit for Bangladesh.
Monday, Jan 11, 2010
As per the 'World Investment Prospects Survey
2009-2011' released by the United Nations
Conference on Trade and Development
(UNCTAD) in 2009, India ranked third in global FDI
inflows.
Monday, Jan 11, 2010
Shree Renuka Sugars acquired in November 2009 a
sugar and ethanol producer Vale Do Ivai S.A. Acucar
E Alcool (VDI) in Brazil for $82 million (approx Rs
377.2 crore).
Monday, Dec 14, 2009
India aims to attract FDIs worth $50 billion
(approx Rs 2,31,800 crore) by 2012 and cross
the $100 bln mark by 2017.
Monday, Dec 14, 2009
NALCO has shelved its proposed project in South
Africa while its project in Iran has been put on hold.
The company had planned a Rs 17,000-crore
project in South Africa to set up a five lakh tonne
aluminium smelter plant and a 1,250 MW power
plant.
Monday, Nov 09, 2009
In the backdrop of the announcement made by the UN body UNCTAD, that global FDI will shrink by 30 pc in 2009, India has something to cheer! The month of July saw the total FDI inflows into India since 2000 cross the $100 billion mark.
Monday, Nov 09, 2009
King Abdullah II, the ruler of Jordan, laid the foundation stone on 3 October 2009, for the phosphoric acid plant at Eshidiya in Jordan entailing a cost of $625 million (approx Rs 2,968.75 crore).
Monday, Oct 12, 2009
Karuturi Global, an end-to-end agriculture
company, has invited EoIs from a single entity or
multiple entity consortiums for implementing its
proposed 6,000 tccpd sugar mill expandable to
7,500 tccpd in Ethiopia with a captive sugarcane
plantation of 10,0
Monday, Oct 12, 2009
Foreign Direct Investment (FDI) inflows into
India staged a remarkable increase of 56 per
cent on y-o-y basis in July 2009.
Monday, Sep 14, 2009
According to the data released by the
Department of Industrial Policy & Promotion
(DIPP), India, received Foreign Direct
Investment (FDI) worth $2.58 billion (approx Rs
12,606 crore) in June 2009.
Monday, Sep 14, 2009
Emami Biotech intends to invest Rs 400 crore in a
plantation project in Oromia, Ethiopia, within five to
six years.
Monday, Aug 10, 2009
The Bhutan Government has invited Indian investments in hydroelectric power generation, information and communication technology, hospitality, education and health sectors as part of its economic liberalisation programme, which is under preparation.
Monday, Aug 10, 2009
Is per the Department of Industrial Policy & Promotion, in May 2009, India received $2.2 billion (approx Rs 10,615 crore) FDI as compared to $3.9 billion (approx Rs 18,817.5 crore) FDI received in May 2008 indicating a fall of 43 per cent.
Monday, Jul 13, 2009
India plans to infuse $4.2 billion (approx Rs 20,160 crore) in 439 projects in Ethiopia. Indian entrepreneurs have reportedly received licences from the Ethiopian authorities to invest in various projects in the country.
Monday, Jun 08, 2009
The latest data released by the Department of Industrial Promotion & Policy indicate that during the fiscal 2008-09, India received a total FDI of US$ 27.31 billion.
Monday, Jun 08, 2009
$1.2-billion (approx Rs 5,640 crore) JV project with PT Antam TBK in Indonesia. JSL had entered into a JV with PT Antam last year to build a 20,000- tonne ferro-nickel plant and 3-lakh-tonne stainless steel slab unit in the country.
Monday, May 11, 2009
Essar Steel Minnesota LLC, part of Essar Steel
Holdings, is likely to commence production from
its proposed $1.1 billion (approx Rs 5,504.4 crore)
steel plant Phase I at Minnesota, USA, by 2011.
Monday, May 11, 2009
According to the data released by the government,
FDI inflows fell for the fourth time in the last five
months to February 2009.
Monday, Apr 13, 2009
In March 2009, the Foreign Investment
Promotion Board (FIPB) cleared 45 proposals
worth Rs 1,658.995 crore. These proposals
were ratified by the Finance Ministry in two
tranches.
Monday, Apr 13, 2009
Binani Cement is in the final stage of striking a deal
with an Indonesian coal block for long-term
mining rights. The coal block will provide the
company with six million tpa of coal reserve.
Monday, Mar 09, 2009
GMR Energy, a wholly owned subsidiary of GMR Infrastructure, has reportedly acquired Indonesian coal company PT Barasentosa Lestari for $80 million (around Rs.400 crore).
Monday, Feb 09, 2009
Jindal Petroleum (JPL), a subsidiary of Jindal Steel & Power, has shown interest in exploring and producing oil and gas in four blocks in Georgia, for which, it signed production sharing contracts with the government of the Democratic Republic of Georgia.
Monday, Feb 09, 2009
During January 2009, the Foreign Investment Promotion Board (FIPB) cleared 77 proposals worth Rs 3,643.64 crore.
Monday, Jan 12, 2009
ONGC Videsh (OVL) is soon likely to sign a
concession agreement for oil block - Block 8 in
Western Dessert of Iraq, awarded to it by the
erstwhile Saddam Hussein regime.
Thursday, Dec 11, 2008
The Sri Lankan and Indian governments are likely to soon sign an MoU for the Rs.1,000 crore undersea transmission link project, to be implemented by Power Grid Corporation of India.
Monday, Dec 08, 2008
In order to attract maximum foreign investments in India, plans are on to liberalise FDI norms and relax existing regulations.
Monday, Nov 10, 2008
Dabur India is likely to begin production of
personal care products at its new plant in Ras-al-
Khaimah in the United Arab Emirates, by
December 2008.
Monday, Nov 10, 2008
The growing global slowdown as a result of
the US financial crisis is expected to shrink
India's FDI inflow target fixed for 2008-09,
by around US$10 billion.
Monday, Oct 13, 2008
In September 2008, the Foreign Investment Promotion Board (FIPB) cleared 29 FDI proposals worth Rs.3,258.97 crore. These proposals were ratified by the Finance Ministry in two phases.
Monday, Oct 13, 2008
Oil & Natural Gas Corporation (ONGC) now seems reluctant to allow Norway's Statoil Hydro to increase its stake in KG-DWN-98/2 offshore block beyond 20 per cent, as was originally agreed.
Monday, Sep 08, 2008
During the month of August 2008, the
Union Finance Minister, Mr. P
Chidambaram sanctioned approvals in
two interavls, for 33 proposals, involving FDI
amounting to Rs.1,047.57 crore.
Monday, Sep 08, 2008
The Tata Group has written a letter to the executive
chairman of the Bangladesh government's Board
of Investment, expressing its intention to scrap the
$3 billion steel, power and fertiliser project in
Bangladesh, as the government has failed to assure
na
Monday, Aug 11, 2008
Sn July 2008, 42 proposals involving FDI worth Rs.1,682 crore were added to India's FDI register, as the Union Finance Ministry accorded its approvals on them, in two installments.
Monday, Aug 11, 2008
ONGC Videsh (OVL) is one amongst 41 global oil corporations, shortlisted by the Iraq government to develop oil fields in the country.
Monday, Jun 09, 2008
During the fiscal 2007-08, India received US$ 24.57 billion (approx. Rs.98,920 crore) of Foreign Direct Investment. Among the Asian countries, only China and Hong Kong were ahead of India in terms of FDI inflows during the same period.
Monday, Jun 09, 2008
Ranbaxy Laboratories has launched its operations in Yemen, through an alliance with Yemen-based Pharma company Natco, a pioneer in the healthcare sector.
Monday, May 12, 2008
On 02 April 2008, an agreement was signed to commence the Rs.536 crore Kaladan multi-modal transit-cum-transport project.
Monday, May 12, 2008
According to the latest statistics available, India received a record foreign direct investment worth $24.57 billion in 2007- 08. This was around 56.5 per cent higher than the total FDI the country received during the fiscal 2006-07.
Monday, Apr 14, 2008
Clearing the decks for a liberalised Foreign Direct Investment regime, the Government notified the new foreign investment norms for various sectors including public sector oil refineries, mining of titanium bearing minerals and commodity exchanges, even a
Monday, Apr 14, 2008
On 03 March 2008, the Union Cabinet gave ONGC Videsh its approvals to invest $102.21 million in the Najwat Najem Appraisal project and the Development and Production Sharing Agreement (NNADPSA) project in Qatar.
Monday, Mar 10, 2008
Flearing the decks for a liberalised Foreign Direct Investment regime, the Government notified the new foreign investment norms for various sectors including public sector oil refineries, mining of titanium bearing minerals and commodity exchanges, even a
Monday, Mar 10, 2008
Global Steel Holdings, the parent company of Ispat Industries, has acquired two coking coal blocks in Mozambique.
Monday, Feb 11, 2008
After a gap of nearly two years, the Union government announced liberalisation of foreign direct investment (FDI) limits in some key sectors.
Monday, Feb 11, 2008
On 16 January 2008, Tata Steel and Oman's Al Bahja Group signed a JV agreement to explore and develop the Uyun limestone deposits in Salalah.
Monday, Jan 14, 2008
On 04 December 2007, Reliance Industries and GAIL (India) together, signed another MoU for joint co-operation in petrochemicals.
Monday, Jan 14, 2008
According to a study conducted recently by A T Kearney, India ranks second amongst the world's favoured FDI destinations.
Monday, Dec 10, 2007
During the first seven months of 2007, India received FDI inflows worth US$12.1
billion.
Monday, Dec 10, 2007
Mumbai-based PSL has achieved financial closure of its integrated pipe manufacturing and coating unit at Bay St. Louis, Mississippi.
Monday, Nov 12, 2007
India's popularity among foreign investors has grown over the recent years.
Monday, Nov 12, 2007
Essar Energy Holdings recently participated in the second international bidding round for open blocks in ‘Song Hong Basin', located on offshore northern Vietnam.
Monday, Oct 08, 2007
Reliance Industries has acquired a majority stake and the management control of
an East Africa-based oil retail distribution company - Gulf Africa Petroleum
Corporation (GAPCO).
Monday, Oct 08, 2007
According to a report compiled by Economist Intelligence Unit in cooperation
with Columbia Programme on International Investment (CPII); India is likely to
receive an average foreign direct investment (FDI) of US$20.4 billion every year, during the next
Monday, Sep 10, 2007
Apollo Hospitals Enterprise is forming a JV with British American Investment Co., Mauritius (BAI), to set up a multi-specialty hospital in Mauritius on stateowned land provided by the Mauritius government.
Monday, Sep 10, 2007
In August, the Union Ministry of Commerce and Industry announced a number of policy decisions to increase the inflows of foreign direct investment (FDI) into India.
Monday, Aug 13, 2007
In July 2007, the Union Ministry of Finance cleared 27 FDI proposals in two installments. On 04 July 2007, the ministry cleared 10 proposals worth Rs.2,339 crore.
Monday, Jul 09, 2007
Reliance Industries (RIL) has submitted bids for a stake in three Australian exploration blocks, in partnership with Santos -an Australian exploration company.
Monday, Jul 09, 2007
During June 2007, FIPB met once and cleared 17 foreign direct investment (FDI) proposals.
Monday, Jun 11, 2007
RSWM acquired a 50 per cent equity stake in SISA S.A. (SISA) of Spain, which will enable the company to considerably expand its trial in the higher value added international yarn market.
Monday, Jun 11, 2007
According to the latest statistics, available the country received FDI of US$3.8 billion in March, which is the highest inflow received so far in a single month.
Monday, May 14, 2007
Indian Oil Corporation (IOC) plans to enter the Russian oil and gas sector, as a participating partner, in a 12-15 million tpa refinery project, at Nizhnekansk in the Republic of Tatarstan.
Monday, May 14, 2007
According to the latest figures available from the Union Ministry of Commerce and Industries, India received USD 16 billion during the fiscal 2006-07.