Other Briefings
Standard Chartered to Raise US$500 Million in Mumbai Listing
Mar. 31 – Standard Chartered Bank is poised to obtain the first foreign company listing in India with its submission of a draft prospectus to the Indian Stock Exchange. The bank aims to raise US$500 million through issuance of the first Indian Depository Receipt (IDR), a move which will allow Indian investors to buy into […]
New Consolidated FDI Document to be Released Today
Mar. 31- The government is scheduled to release a single, consolidated document on foreign direct investment today. The new document will make it easier for foreign investors to navigate through the intricacies of doing business in the country. Currently, investors have to refer to foreign direct investment rules found in more than 177 Press Notes […]
India Clears FDI Proposals Worth More Than US$510 Million
Mar. 30 – The government has cleared 23 foreign direct investment proposals amounting to more than Rs.23.25 billion, or about US$510 million. The highest FDI proposals came from broadband services provider Tikona Digital Network followed by components maker Bharat Forge and medical device maker Opto Circuits. “The Union Government has approved 23 FDI proposals amounting […]
India, Malaysia on Track to Finalize Free Trade Deal
Mar. 29 – India and Malaysia are set to finalize a free trade agreement by the end of the year as they begin the next round of trade negotiations today in Kuala Lumpur. “We have just got into substantive negotiations. After two years we are resuming the negotiations. We will go through all the issues,” […]
India to Sign Free Trade Agreement with European Union
Mar. 29 – India’s Commerce and Industry Minister Anand Sharma confirmed government commitment last week to enter into a free trade and investment agreement with the European Union by October. “We are working on it. As far as we are concerned, we have a commitment,” Sharma was quoted by The Hindu as saying when asked […]
New Law May Threaten Mauritius Tax Treaty
Mar. 25 –India’s new tax code may cancel Mauritius’ advantage as a tax haven for foreign investment entering the country as the government decides to increase tax revenue from the financial services industry. If the tax code proposal is approved, it could dent foreign investment from private-equity, hedge funds and mutual funds that invest into […]
India to Offer Duty, Quota Free Access for Least Developed Countries
Mar. 24 – India said it will soon offer duty-free and quota-free market access to the least developed countries during a World Trade Organization presentation last week. India will allow 14 least developed countries including Bangladesh, Nepal, Bhutan, Cambodia, and some African nations easy access to the Indian market without imposing a tax or quota. […]
India’s Billion Dollar Businesses Increase by 16 Percent
Mar. 24 – The number of domestic billion dollar companies in India increased by 16 percent from 104 to 124 over the last two years, according to an Economic Times Intelligence Group study. The study cited 20 Indian corporations that achieved billion dollar sales or more, reflecting the countries resilience to the global downturn. It […]
