Page 4 - Latest Updates on FDI
UK businesses, investors community receive Union Budget with enthusiasm
There were a couple of announcements which I think will help the UK-India corridor: one was the reduction in the Corporate Tax rate for foreign companies, which is excellent news
 "UK businesses, investors community receive Union Budget with enthusiasm")
Budget proposes to simplify norms pertaining to FDI, overseas investments
FM says 'not disowning' Economic Survey's suggestion that India should attract more FDI from China
 "Budget proposes to simplify norms pertaining to FDI, overseas investments")
Changing ties: Eco Survey bats for more FDI from China to tap export market
Cites Apple, Foxconn success stories on China Plus One; Calls to strike a balance between importing goods and FDI from China
 "Changing ties: Eco Survey bats for more FDI from China to tap export market")
Goyal cites ease of doing, other steps to attract US investors to India
The minister added that though at present the US is attractive for investors because of high interest rates, going forward India provides huge opportunities for businesses
 "Goyal cites ease of doing, other steps to attract US investors to India")
India's outward FDI rises to $2.14 billion in June, shows RBI data
Outward FDI was $3.16 billion in April-June 24
Domestic mutual funds increase stake in Paytm, firm's FDI dips by 2%
The shareholding of foreign portfolio investors was pegged at 20.5 per cent in Q1FY25, a 0.16 per cent decline from Q4FY24
 "Domestic mutual funds increase stake in Paytm, firm's FDI dips by 2%")
Gujarat received FDI worth $7.3 bn in 2023-24, jump of 55% from last fiscal
With this, Gujarat now occupies the second spot in the country after Maharashtra in terms of the FDI inflow
Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr
The company, a fully FDI-funded real estate developer and a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore, has acquired the land parcel in Sector 88A, Gurugram
 "Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr")
Course correction
FDI fall shows need for reform and openness
Relationship between India, US 'multiplicative': US envoy Eric Garcetti
Eric Garcetti made the remarks on Monday at an event on the sidelines of the SelectUSA Investment Summit, to which the largest delegation is from India
 "Relationship between India, US 'multiplicative': US envoy Eric Garcetti")
India sees 43% decline in FDI inflows in 2023, drops to 15th spot
In 2022, India's FDI inflows rose by 10% to $49 bn
Net FDI in India improves to $4 billion in April, says RBI bulletin
The scale of repatriation/divestment of capital declined to $2.38 billion in April 2024 from $3.47 billion a year ago
Outward FDI remain almost flat at $2.0 billion in May, shows RBI data
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees
Strong economic base to help new govt make India a developed nation by 2047
Robust tax revenues, a fast expanding digital and financial infrastructure and a strong manufacturing sector will give the new government a base for unleashing next generation reforms
 "Strong economic base to help new govt make India a developed nation by 2047")
India receives highest FDI from Singapore in 2023-24, Mauritius follows
Though FDI from Singapore has dipped by 31.55 per cent to $ 11.77 billion in 2023-24, India has attracted the maximum inflows from that country
Cong slams Fadnavis over FDI data, says Maha has always been on top
Citing data from Union ministry of industries, state Congress spokesperson Sachin Sawant said Maharashtra got about 33 per cent of all FDI in the country between 2000 and 2012
 "Cong slams Fadnavis over FDI data, says Maha has always been on top")
India's FDI equity inflow at five-year low of $44 billion in FY24
High interest rates in advanced economies, limited absorptive capacity locally likely reasons
India's FDI inflows fell 3% to $44 bn in FY24; manufacturing down 18%
FDI inflows into India's manufacturing sector in FY24 are among the lowest in five years, according to provisional data in the RBI annual report
Multinationals post 45.2% growth in net profit in FY23, shows RBI data
Post-pandemic improvement in margins boosts bottom line
Best of BS Opinion: Family and factory economics, Fiscal bonanza & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Family and factory economics, Fiscal bonanza & more")
