Page 8 - Latest Updates on FDI
Karnataka attracts 62 investment projects worth over Rs 3,000 crore
Eight of them envisaged more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs, the minister's office said in a statement on Wednesday
 "Karnataka attracts 62 investment projects worth over Rs 3,000 crore")
India a fair market with large opportunity where anyone can compete: NetApp
The San Jose, US-headquartered company wants to make India the biggest market in Asia in the medium term by overtaking Japan
 "India a fair market with large opportunity where anyone can compete: NetApp")
FDI equity inflows contracted 24% in first half of FY24, shows data
During the six months of this financial year, FDI equity inflows decreased from major countries, including Singapore, Mauritius, the United States, the United Kingdom and the United Arab Emirates
 "FDI equity inflows contracted 24% in first half of FY24, shows data")
Online sellers seek FDI in inventory-based model of e-comm for export
He said that the e-commerce stakeholders have asked the department for the promotion of industry and internal trade (DPIIT) to relook at the FDI policy on this issue
 "Online sellers seek FDI in inventory-based model of e-comm for export")
Sellers seek FDI in inventory models of e-commerce for export purposes
Director General of Foreign Trade (DGF) Santosh Kumar Sarangi said that they are working on several steps to promote exports through e-commerce medium
 "Sellers seek FDI in inventory models of e-commerce for export purposes")
India's outward FDI falls 12.14% to $1.88 bn in October: RBI data
A slowdown in economic and business activities, especially in developed markets, has impacted direct investment flows, both inbound and outbound
 "India's outward FDI falls 12.14% to $1.88 bn in October: RBI data")
China's FDI deficit may be a sign for increased global investment in India
India ranked among the top three in greenfield foreign direct investment (FDI) announcements by the United Nations Conference on Trade and Development (UNCTAD)
 "China's FDI deficit may be a sign for increased global investment in India")
Rs 50,000 cr FDI in food processing sector in last 9 years: PM Modi
He said export of processed food has increased 150% in the last nine years and the domestic processing capacity has increased significantly
 "Rs 50,000 cr FDI in food processing sector in last 9 years: PM Modi")
India becoming favoured destination for FDI in infrastructure sector: Govt
Speaking at an event organised by the India Infrastructure Finance Company Ltd (IIFCL) in London, Joshi said flagship initiatives like the National Infrastructure Pipeline
 "India becoming favoured destination for FDI in infrastructure sector: Govt")
Net FDI in India down to $3 billion in April-August, shows RBI data
Global deals involving mergers and acquisitions are languishing at a 10-year low as high interest rates chill activity in equity markets
 "Net FDI in India down to $3 billion in April-August, shows RBI data")
Govt may liberalise FDI norms for space sector: DPIIT secy Rajesh Kumar
Speaking on the government's policies, he said, FDI liberalisation has substantially been achieved in India except for a few strategic sectors
 "Govt may liberalise FDI norms for space sector: DPIIT secy Rajesh Kumar")
OECD urges India to pare govt ownership in banks, insurance companies
OECD advised the government to further increase the share of renewable energy by facilitating long-term investment in clean energy development projects
 "OECD urges India to pare govt ownership in banks, insurance companies")
Equity FDI into India declines sharply to $5.7 bn in April-July period
The net FDI, inflows minus outflows, declined from $17.28 billion in April-July 2022 to $5.70 billion in April-July 2023 on account of moderating gross FDI and a rise in repatriation
 "Equity FDI into India declines sharply to $5.7 bn in April-July period")
Challenges galore for Foxconn's ambitious expansion plans in India
Firm expects the electronic manufacturing services market to boom
 "Challenges galore for Foxconn's ambitious expansion plans in India")
India's outward FDI down 33.3% in August on grim global prospects
After declining for two months, outward FDI had increased sequentially to $1.8 billion in July 2023 compared to $1.07 billion in June, marking a rise of 73 per cent
 "India's outward FDI down 33.3% in August on grim global prospects")
India's outward FDI falls 33% sequentially to $1.2 bn in Aug: RBI data
Debt commitment falls to $269.3 mn in August from $607.5 mn in July
Cabinet approves foreign investment of up to Rs 9,589 cr in pharma company
The FDI has been approved by way of the transfer of shares from existing shareholders and public shareholders through a mandatory Open Offer
Cabinet approves Rs 9,589 cr FDI in Suven Pharma by Cyprus bases firm
The government on Wednesday approved a foreign investment of up to Rs 9,589 crore in Suven Pharmaceuticals by Cyprus-based Berhyanda Ltd
 "Cabinet approves Rs 9,589 cr FDI in Suven Pharma by Cyprus bases firm")
Looking at further easing FDI norms in space sector: DPIIT secretary
Presently FDI in space sector is allowed up to 100 per cent in the area of satellites establishment and operations through government route only
Top headlines: Pharma likely to take 5-6% price hikes, FDI outflow soars
Business Standard brings the top headlines at this hour
 "Top headlines: Pharma likely to take 5-6% price hikes, FDI outflow soars")
