Search Results for: Investment

india-hopes-for-early-resolution-of-legal-tussle-of-gmr-group-with-maldivian-government

India hopes for early resolution of legal tussle of GMR group with Maldivian government

New Delhi, Jan 1 (ANI): The Ministry of External Affairs has hoped for a resolution of issues between infrastructure firm, GMR and Maldivian government, with both at loggerheads over the Male airport issue. The new President of Maldives Abdulla Yameen Abdul Gayoom would visit India from January 01 to 04. President Gayoom would be accompanied by a high level delegation. GMR, a subsidiary of Bangalore-based GMR Infrastructure limited has been given seven days to leave the Indian Ocean island chain. In 2012, Maldives cancelled its biggest foreign investment project, a $511 million deal with Indian firm GMR Group to develop its international airport, raising questions over the future of foreign investment in the islands renowned for luxury resorts. MEA spokesperson, Syed Akbaruddin said that it was important for both GMR and the government of Maldives to resolve their issues. Akbaruddin added that Maldives and India were committed for improving their bilateral relations. Jan 1, 2014
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Hornbill festival reflects the traditional and modern face of Nagaland

Kohima, Dec 19 (ANI): The 14th edition of the hornbill festival had a colorful start at Kisama Naga heritage village near the capital of Nagaland. During the festival 16 tribes of Nagaland presented their food, folk dances, music and other arts. The annual festival is celebrated to pay tribute to the hornbill, the most revered bird of the Nagas. It also encourages inter-tribal interaction and promotes the cultural heritage of Nagaland. The aim of this year's festival was also to promote entrepreneurship and attract investment to the state. Domestic and foreign tourists were thrilled to get a feel of the rich Naga culture. As a part of the festival, the Miss Nagaland contest was also held which witnessed the participation of 18 contestants representing every district of the state. Models walked down the ramp in different colourful outfits. Benjongmela Jamir received the coveted title of Miss Nagaland 2013. Dec 19, 2013
anand-sharma-wants-multinationals-to-follow-tescos-lead

Anand Sharma wants multinationals to follow TESCO's lead

New Delhi, Dec 19 (ANI): Trade minister Anand Sharma on Thursday said that he expects other multinational organizations to follow TESCO when it comes to investing in India. The UK-based retail major TESCO will get into a strategic alliance with Tata's Trent to open multi-brand retailing in the country. For the project, they have invested $110 million. Taking a note of different strategies that companies may adopt, Sharma said that it is the prerogative of the companies to initiate and firing up their business plans. When raised a query on what will be the Cabinet's stand on the FDI in the pharma sector, Sharma said that the government's stand is firm on the issue. Earlier in 2002, the government had allowed 100 per cent investment. Dec 19, 2013
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Shivarajkumar’s ‘Bhajarangi’ Gets Rave Reviews from Film Critics

Director Harsha's much-talked about film "Bhajarangi" starring Shivarajkumar and Aindrita Ray in lead roles has garnered rave reviews from film critics. Prior to its release, the trailer of the film had created a lot of expectations, and it now appears to have lived up to them. The critics opine that the flick is much more than what has been expected from it. Dec 16, 2013
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UK shifts focus to smaller Indian cities for trade

New Delhi, Dec 10 (ANI): Britain’s business secretary Vince Cable has said that his country is keen on exploring trade and investment opportunities in India’s non-metropolitan cities. Cable, made this statement at the 9th meeting of India-UK joint Economic & Trade Committee (JETCO) in New Delhi. Cable also said that his country was ready to welcome Indian students for pursuing higher education. Meanwhile, trade minister, Anand Sharma, expressed his satisfaction over the progress of the joint-trade ventures between New Delhi and London. Dec 10, 2013
mukesh-ambani-announces-rs-2500-crore-investment-for-digital-infrastructure

Mukesh Ambani announces Rs. 2,500 crore investment for digital infrastructure

Mohali, Dec 10 (ANI): Business tycoon, Mukesh Ambani has announced an investment of Rs. 2,500 crore for the setting up of digital infrastructure in Punjab. Ambani also announced that Reliance Foundation will partner with Punjab in promoting sports, specially basketball in schools. Ambani said this while attending the Progressive Punjab Summit in Mohali, along with global steel giant, Arcelormittal CEO, Lakshmi Mittal and Chief of Punjab, Prakash Singh Badal. Further addressing the summit, Ambani declared his future plan of connecting to 147 towns. Ambani also talked about creating employment for the people. Dec 10, 2013
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Sensex up by 360 points, BJP's Assembly poll results responsible: Expert

Mumbai, Dec 09 (ANI): The BSE Sensex rose to a record high on Monday and the rupee hit a four-month high in effect to the BJP, who swiped all 3 Assembly polls and leaving positive expectations in Delhi too, said Market Expert Sunil Shah. Shah said that BJP, symbolized by Narendra Modi represents development and supports investment and progress which has caused such impact on the market trends. He also said that if it continues, NDA will form government in the upcoming general elections. Dec 9, 2013
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Manipur hosts large delegation from Myanmar to strengthen cultural ties

Imphal, Dec 06 (ANI): On Nov. 21, the first international flight from Myanmar landed at Tulihal International Airport in Imphal. The Golden Myanmar Airlines aircraft arrived with over 100 passengers to take part in the annual Sangai Festival. The delegation, including the Chief Minister of Mandalay region, U Ye Mint, the Chief Minister of Sagaing Region, U Thar Aye, several Meitei Diaspora and media persons were warmly received by Manipur Chief Minister O.Ibobi Singh. Manipur is hopeful of turning a significant regional hub for international flights to Southeast Asian countries, thereby promoting trade, tourism, business and investment. A business conclave was also organised to explore trade and investment opportunities between Manipur and Myanmar. The Myanmar delegation interacted with Manipuri traders and discussed the issues concerning border trade. Both sides were keen on capitalizing on the huge potential for joint ventures between the two countries in several sectors. Dec 7, 2013
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