Other Briefings
India’s Mergers and Acquisitions Activity Up by 33 Percent
Apr. 29 – India’s mergers and acquisitions activity during the first quarter of the year increased by 33 percent with total transaction value estimated at US$14 billion, one of the best performing quarters in terms of value, according to a report by an independent mergers and acquisitions intelligence service. Inbound and local mergers and acquisitions […]
Project Offices Now Permitted to Open Foreign Currency Accounts
Apr. 28 – The Reserve Bank of India has revised Foreign Exchange Management Regulations to permit authorized dealer banks to allow project offices established by foreign investors in India to maintain non-interest bearing foreign currency accounts. The change will make it easier to implement projects in the country when in terms of procurement matters and […]
India Considers Cutting Export Costs
Apr. 28 – The Indian government is looking for ways to cut costs for exporters to make them more competitive in world markets. This may involve simplifying procedures and transparency issues as well as doing away with cost inefficiencies. The Minister of State for Commerce and Industry Jyotiraditya Scindia is heading a task force to […]
New Delhi to Launch Airport Express
NEW DELHI, Apr. 27 – As the city prepares for the Commonwealth Games in October, the impact of the huge international athletics event on its infrastructure is already taking effect as it readies the launch of its new airport express. Next month, the government will test the first set of trains purchased from Spanish-based rail […]
World Bank Raises India’s Shareholder Status
Apr. 27 – The World Bank Group increased India’s shareholder status from 2.77 percent to 2.91 percent on Sunday, making it the seventh largest shareholder in the International Bank for Reconstruction and Development (IBRD). The shift in voting power reflects the South Asian nation’s growing clout and the bank’s decision to redistribute shareholdings in favor […]
India to Issue New Discussion Papers on FDI Policy
Apr. 26 – India is set to release six discussion papers related to foreign direct investment policy next month with a possibility that it may include a paper on reforming India’s retail sector. “We will bring out discussion papers and invite suggestion from the public,” Secretary Department of Industrial Policy and Promotion (DIPP) R.P. Singh […]
Ford to Expand Figo Car Production in India
Apr. 23 – Ford plans to expand production of the Figo compact car in its Chennai plant in response to strong consumer demand. The American car company is planning to add 700 more people to its workforce. “We do need to ramp up production to cope with the increasing demand for Figo and so we […]
India to Impose Minimum 25 Percent Public Holding Rule for Listed Companies
Apr. 23 – India’s Ministry of Finance said that it will likely implement a minimum 25 percent public holding rule for all listed companies next month. Currently, only future public issues are required to follow the 25 percent rule but now existing listed companies may be asked to comply as well. The minimum public holding […]
