NEW DELHI: India has recently relaxed foreign direct investment norms in the space sector and there is a possibility of further FDI liberalisation in certain other areas when the new government will come to power, a top official said on Saturday. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh … Read more
Bengaluru: The Union cabinet has approved a move to liberalise the governmentâs Foreign Direct Investment (FDI) policy in the space sector. Now, the satellite sub-sector has been divided into three categories, each with a threshold up to which FDI is automatically allowed without the need for government approval. According to a government press statement, the … Read more
Foreign direct investment into India has slumped in the past year, despite investors turning bullish on the world’s fastest-growing major economy. Net foreign investment in the year through September fell to $13 billion, according to calculations from HSBC Holdings Plc, down from $38 billion in the same period a year earlier. The figure was at … Read more
NEW DELHI: Foreign direct investment jumped 64% in October to $8.4 billion — the highest in 18 months — as the bleak global economic environment shows some signs of improvement amid moderating inflation and a pause in interest rate hikes by central banks.Latest data released by RBI showed that on a gross basis, inflows increased … Read more
NEW DELHI: Foreign direct investment (FDI) equity inflows in India declined 24 per cent to USD 20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 26.91 billion during the first six months of the last fiscal. Inflows … Read more