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No local sourcing norms for Tesla cars in India, Elon Musk
Tue, May 23, 2017
Elon Musk CEO of electric car maker Tesla in a tweet blamed the FDI norms in India for the delay in its entry into the Indian market. However, the government clarified that it does not have any such regulation regarding automobile companies.
Big ticket & systemic reforms in last three years; more to follow: Nirmala Sitharaman
Sun, May 21, 2017
As the NDA government has completed its three years in May, Union Minister Nirmala Sitharaman told a news agency on Sunday that the government has taken big ticket and systemic reforms in various sectors like taxation, FDI policy, power, aviation, among others.
GST to be best achievement of PM Narendra Modi government: Assocham
Sun, May 21, 2017
As India's prime minister Narendra Modi has completed his three years of tenure this May industry organisation Assocham has said the implementation of the GST in the next few weeks would be the biggest achievement of the prime minister.
FDI up 9% in FY17 to highest level of $43.48 billion: Govt
Fri, May 19, 2017
"The FDI equity inflow received during 2016-17 is $43.48 billion... It is the highest ever for a particular financial year," it said.
India's foreign direct investment inflow momentum may slow in 2017: HSBC
Sun, May 07, 2017
HSBC in its latest report has said that India's foreign direct investment (FDI) inflow momentum may slow down this year and exports too may not revive with "full gusto" as domestic bottlenecks remain.
Patanjali eyes 20% share in country's processed food market
Fri, Apr 21, 2017
Home-grown FMCG major Patanjali Ayurved is looking to double its share in the country's food processing market to 20 % in the current fiscal.
Govt may soon allow 100% FDI in cash, ATM management companies
Sun, Apr 16, 2017
The government in 2015 permitted 100 per cent FDI under the automatic route for white label ATM operations with an aim to promote financial inclusion.
India notifies amended tax treaty with Singapore; to impose capital gains tax at source of investments from April 1
Thu, Mar 23, 2017
The Finance Ministry on Thursday has notified the amended India-Singapore tax treaty under which capital gains tax will be levied at source of investments with effect from April 1.
From competitive foreign airlines to infrastructure constraints: Troubles of Indian domestic carriers
Tue, Mar 21, 2017
Changing legislatives, rising competition from foreign airlines, rebounding oil prices are painting the skies blue for aviation sector in India.
Govt considering FDI relaxation in multi-brand retail policy
Sat, Mar 18, 2017
Besides, a proposal to allow 100% FDI through automatic route in single brand retail is also under consideration with a view to attracting more global players.
Amazon enthusiastic over easing FDI norms; wants to invest in food supply
Fri, Mar 17, 2017
E-commerce giant, Amazon India on Friday said that they were looking to partner with the government to increase food supply chain in the country.
Govt considering amending 100% foreign airline ownership rules, says Jayant Sinha
Wed, Mar 15, 2017
Aviation Minister, Jayant Sinha, speaking in the capital city on Wednesday said that the government was considering amending the ‘100% foreign airline ownership rule in India.’
Lone Star, IL&FS partner to invest in stressed infra assets
Sun, Feb 26, 2017
"Lone Star looks forward to collaborating with IL&FS in reviving Indian infrastructure assets and benefiting from IL&FS' long track record as a successful developer and manager of infrastructure projects in India," Lone Star's president, Asia Pacific, Mark Newman said.
5 major telcos optimum for Indian market: Telecom Secretary
Sun, Feb 26, 2017
Telecom Secretary's comments assume significance as India -- the world's second largest mobile services market after China -- is in the midst of massive consolidation with incumbent operators joining forces to take on aggressive newcomer Reliance Jio.
Amazon plans to open first physical food-only outlets in India; to sell local products on offline & online platforms
Thu, Feb 16, 2017
Amazon is planning to open first physical food-only oultets in India to sell locally produced food items on offline as well as online platforms.
India attracted $32.5 billion foreign direct investment during April-November
Mon, Feb 06, 2017
India attracted $32.49 billion (nearly Rs 2,16,214.4 crore) foreign direct investment (FDI) in April-November of 2016-17, Parliament was informed on Monday.
Amazon seeks government's nod for e-retail of food products in India
Fri, Feb 03, 2017
The US-based e-commerce company Amazon has sought Goverment of India's nod for online retailing of food products produced and manufactured in India.
Will shut down FIPB through Executive order, Finance Ministry Sources say
Thu, Feb 02, 2017
A day after the Union Budget declared that the Foreign Investment Promotion Board (FIPB) will be phased-out in the next fiscal, sources from the Ministry of Finance said that the FIPB will be shut down through the passage of an Executive order.
Budget 2017: E-commerce companies expect govt to announce policies for ease of funding, reduction in income tax, others
Tue, Jan 31, 2017
Find out what e-commerce companies expect from India's Union Budget 2017-18 which will be presented on February 1.
E-commerce players seek sops on digital transactions in Budget
Wed, Jan 25, 2017
With the government`s emphasis on a less-cash economy, stakeholders in the country`s digital space have sought incentives in the upcoming Union Budget on February 1. The incentives would help to promote e-commerce -- an essential component of non-monetary transactions, they said.