FDI
Govt accelerates efforts to attract FDI
The government has accelerated its activities to exert a pull on FDI in sectors like textiles, roads and other infrastructure. The government is concerned for 46 per cent decline in foreign investment during January-May 2009.
Transport Minister Kamal Nath had said all obstacles would be removed to get foreign investment in the roads and highways [...]
L&T cashing in on new FDI norms
The government changed its description of what it considers to be an Indian company, a move that has significant repercussions on FDI. However, L&T has now taken advantage of this change to ink a Joint Venture with the European defense manufacturer European Aeronautic Defense and Space Company (EADS) where the foreign ownership will be 49.5% [...]
Govt plans to ease FDI norms for DTH firms
The government plans to permit foreign institutional investors (FII) to put in more in stock exchanges and direct-to-home television (DTH) firms, in order to keep overseas funds in the country and attract more in an environment where overseas money is still hard to come. The news might finally become a reality, since the government plans [...]
