Search Results for: Investment

india-sees-telecoms-consolidation-as-vodafone-lines-up-2-bln-investment

India sees telecoms consolidation as Vodafone lines up $2 bln investment

New Delhi/Mumbai/Srinagar, Oct 16 (ANI): Telecom Minister, Kapil Sibal has said that Vodafone Group has planned to invest more than $2 billion in the country, a victory for a policy change designed to boost foreign interest and thin out the crowd of a dozen players in the world’s second biggest mobile phone market. The investment plan by Britain's Vodafone follows the removal in August of a cap on foreign firms investing in telecoms companies. Sibal on the occasion, also said that it was “possible” that the government could hold another auction of third-generation (3G) spectrum, which would be the first since 2010, but he gave no timeline for this. Oct 16, 2013
india-and-indonesia-agree-to-deepen-bilateral-and-economic-ties

India and Indonesia agree to deepen bilateral and economic ties

Jakarta, Oct 12 (ANI): Prime Minister Manmohan Singh, has said that partnership with Indonesia would be deepened, while making a statement with Indonesian President Susilo Bambang Yudhoyono. The two leaders said they discussed means to enhance a number of bilateral partnerships, particularly in the field of economics. India is also looking forward to widen its relationship in the ASEAN region. Prime Minister Singh said that India and Indonesia share the view for the early implementation of India-ASEAN Free Trade Agreement in Services and Investment. Oct 12, 2013
Indian rupee

IFC Launches $1 Billion Bond Program for India Projects

The International Finance Corporation (IFC), a member of the World Bank Group, has launched a $1 billion offshore bond program to strengthen India's capital markets and attract greater foreign investment in a time of renewed economic uncertainty across the world. Oct 10, 2013
bharti-wal-mart-call-off-india-joint-venture

Bharti, Wal-Mart call off India joint venture

New Delhi, Oct 9 (ANI): World's largest retail chain Walmart Stores Inc and Sunil Mittal-led Bharti Group have called off their six-year old alliance in India and will own and operate separate businesses in the country. Wal-Mart, tied up with Bharti in 2007 and had been the most vocal proponent of prying open India's restrictive retail market to foreign supermarket operators. However, its growth in India has been hindered by still-evolving rules on foreign investment, an internal bribery probe, and, more recently, the faltering partnership with New Delhi-based Bharti. Under terms of their breakup, Wal-Mart will acquire Bharti's 50 percent stake in Bharti Wal-Mart Pvt Ltd, which runs about 20 wholesale stores in India under the Best Price Modern Wholesale brand, and will run the business independently. Oct 9, 2013
cabinet-gives-nod-to-jet-airways-etihad-deal

Cabinet gives nod to Jet Airways-Etihad deal

New Delhi, Oct 04 (ANI): Paving the way for the biggest foreign investment in India's aviation sector, the union cabinet of India has approved a $330 million deal by Abu Dhabi's Etihad Airways to buy a stake in Jet Airways, taking the companies one step closer to complete the long-delayed deal. India’s Aviation Minister Ajit Singh confirmed this in New Delhi and said that the deal would benefit passengers at large. Etihad had agreed in April to buy a 24 percent stake in Jet in the first such deal since the government relaxed rules in September 2012 to allow foreign airlines to own up to 49 percent of Indian carriers. Oct 4, 2013
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