• 14th Pravasi Bharatiya Divas, Bengaluru
  • 14th Pravasi Bharatiya Divas, Bengaluru
  • A Coffee Table publication titled, "20 Mission Drive Social Impact Innovations" produced by Economic Diplomacy Division was released by the Hon'ble Prime Minister
  • Hon'ble Prime Minister Sh. Narendra Modi felicitating the 20 innovators selected through the MEA-NITI Aayog National Social Innovation Contest.
  • Global Technology Summit 2016 Click here for details
  • Global Technology Summit 2016 Click here for details
  • Ministry of External Affairs organises India-Latin Americas and the Caribbean (LAC) Conclave in Guadalajara, Mexico to enhance economic cooperation between India and LAC countries.
  • Ministry of External Affairs organises India-Latin Americas and the Caribbean (LAC) Conclave in Guadalajara, Mexico to enhance economic cooperation between India and LAC countries.
  • Global Technology Summit 2016 Click here for details
  • National Contest on Social Innovation, Pravasi Bhartiya Divas 2017
  • The Framework Agreement of the International Solar Alliance was opened for signing on 15 November 2016. On the first day of its opening 16 countries have signed the framework agreement. More countries are expected to sign the framework agreement in the coming days.
  • MEA - ED and BM Divisions along with Cll organized the India- Myanmar Business Roundtable on 19 October 2016 in New Delhi
  • ED Division continues MEAs engagement with Africa by sponsoring the India Africa Health Sciences Meet in New Delhi
  • 18 member multi-sector delegation from Nanjing, China interacting with Shri Nagaraj Naidu, Director & HOD, ED on 16 August 2016
  • Hon'ble Minister for External Affairs chaired Pravasi Bhartiya Diwas Panel-6 on "Edu, S&T & Innovation" on 30 July 2016. The Panel discussed tech solutions for societal problems, edu for tomorrow and Start Ups.
  • Hon'ble Prime Minister inaugurated investment guides for Indian investors who wants to do business with Kenya and Mozambique during his recent tri-nation visit to Africa. The publication was brought by ED Division with support from Indian Missions in Kenya and Mozambique.
  • Indian dignitaries at the inauguration of India pavilion at INNOPROM exhibition in Yekaterinburg Russia
  • ED Division facilitated visit of a Chinese delegation led by Mr Wang Hao, Mayor of Chaoyang district of Beijing Municipality and arranged meetings with officials of Municipal Corporation of Gurgaon and FICCI on 21 June 2016. (Press Release)
  • ED Division facilitates meeting of CEO of the British Columbia Investment Management Corporation Mr Gordon Fyfe and Team with Hon'ble Transport Minister Shri Nitin Gadkari and CEO NITI Aayog Shri Amitabh Kant on 16 June 2016
  • ED Division facilitates meeting of CEO of the British Columbia Investment Management Corporation Mr Gordon Fyfe and Team with Hon'ble Minister of Finance, Shri Arun Jaitley and CEO NITI Aayog Shri Amitabh Kant on 16 June 2016
  • Inter-Ministerial Meeting on Pharmaceuticals and Healthcare Sector in Africa
  • BRICS India 2016
  • Smt. Harsimrat Kaur Badal, Minister of Food Processing & Industry briefing representatives of foreign Embassies on opportunities in food processing sector in India in a meeting facilitated by ED Division on 17 March 2016 at Panchsheel Bhawan, New Delhi.
  • Investment
  • India at a glance
  • Trade
  • Economy

Daily News

Jan

Fri

20

India clears six FDI proposals worth Rs 1,186.50 cr

New Delhi: The central government on Thursday cleared six foreign direct investment (FDI) proposals worth Rs 1,186.50 crore.

 

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Jan

Fri

20

India can boost exports by $5.5 bn by cutting trade costs: CII

New Delhi: Industry chamber CII on Thursday said that its recent survey reveals that reducing costs of trade through digitisation, inland infrastructure development and an efficient regulatory environment across four high-growth trade sectors can boost exports by 5-8 per cent.

 

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Jan

Fri

20

Govt to take steps to boost private investment in roads, shipping

New Delhi: The government will take tangible steps to boost corporate investment in roads and shipping with business-friendly strategies that balance profitability with effective project execution, Mansukh L Mandaviya, minister of state for road, transport and shipping, has said.

 

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Jan

Fri

20

India has opportunity to improve its global trade share in 2017: Maersk

Mumbai: Real growth in global trade is expected to hover around 1% to 2% and a weak outlook for 2017 can be foreseen, according to international container shipping company Maersk. However, reducing costs across high-growth trade sectors can give a booster of 5-8% to exports.

 

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Jan

Fri

20

India's labour force will expand to 170 million by 2020: Assocham

Mangalore: India's labour force will expand by 160-170 million in 2020, depends on various factors which includes population growth rate, labour force participation, education enrolment at higher levels etc, an ASSOCHAM -Thought Arbitrage joint study has pointed out.

 

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Jan

Fri

20

UDAN scheme: 11 airlines submit bids for regional flights

New Delhi: The government has received bids from 11 air transport operators for its scheme to start subsidized fights to remote and unconnected airports, junior aviation minister Jayant Sinha said Thursday.

 

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Jan

Fri

20

Avendus Capital to enter structured finance with Rs500 crore fund

New Delhi: Avendus Capital, backed by global private equity firm Kohlberg Kravis Roberts & Co. Lp, is all set to mark its presence in the structured finance space with a dedicated Rs500 crore fund, a top executive told Mint.

 

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Jan

Fri

20

Jewellery exports to US rise 7.8% in October-December

Mumbai: Gems and jewellery exports to the US grew 7.81 per cent in the December quarter on a sharp increase in shipments of cut and polished diamonds.

 

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Jan

Thu

19

India 10th largest business travel market: Report

Mumbai: India is the world’s tenth largest business travel market and is likely to clock the fastest growth in this segment in the next five years. Business travel spending is expected to treble until 2030 from $30 billion in 2015, a report by consultancy KPMG and FCM Travel Solutions said.

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Jan

Thu

19

Modi seeks French cooperation in infrastructure development

New Delhi: Prime Minister Narendra Modi on Wednesday said that bilateral relations between India and France have expanded to encompass a broad range of sectors, and called for greater bilateral cooperation in smart cities, urban transport, and infrastructure development.

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Jan

Thu

19

Cabinet clears Rs 45,000 cr loan to FCI from Small Savings Fund

New Delhi: The Union Cabinet on Wednesday approved a loan of Rs 45,000 crore to the FCI out of the National Small Savings Fund, as well as exempted most states and UTs from the mandatory investment norms for funds collected under the NSSF scheme.

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Jan

Thu

19

Cabinet approves incentive scheme, boost for electronics manufacturing

New Delhi: The Cabinet has approved on Wednesday the modified version of a key scheme that incentivizes electronics manufacturing in the country. Approvals under the policy called Modified Special Incentive Package Scheme (M-SIPS) will be accepted till December 2018 or till an incentive commitment of Rs 10,000 crore is reached. The time frame for the incentives has also been fixed as five years (down from ten years) which means that incentives will be available for investments made within five years from the date of approval. ET had reported on December 21st that the scheme will soon be approved by the Cabinet with amendments that cap the incentive to Rs. 10,000 crore and the timeframe of the scheme till December 2018.

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Jan

Thu

19

REITs opportunity in India estimated to be Rs 1.25 trillion

New Delhi: As much as 229 million sq ft of office space in India is compliant with REIT (Real Estate Investment Trusts). Even if half of this space were to get listed in the next few years, the total REIT listing could be worth Rs 1.25 trillion, as per JLL India estimates.

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Jan

Thu

19

Suzuki starts exporting India-made Gixxer to Japan

New Delhi: Suzuki Motor Corp.’s Indian unit Suzuki Motorcycle India Pvt. Ltd on Wednesday announced exports of its locally made flagship bike Gixxer to Japan, its home country.

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Jan

Thu

19

Warburg Pincus buys 14% stake in PVR for Rs820 crore

New Delhi: Private equity (PE) firm Warburg Pincus said in a statement that it has bought a 14% stake in PVR Ltd, India’s largest multiplex chain, for Rs820 crore through an open market transaction.

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Jan

Wed

18

Sebi to revamp, tighten stock exchange and trading norms

Mumbai: The Securities and Exchange Board of India (Sebi) is planning a makeover for stock trading rules and some of the key norms governing stock exchanges, clearing corporations and market intermediaries such as brokers and depository participants (DPs).

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Jan

Wed

18

World needs India as much as India needs it: Modi

New Delhi: The world needs India's sustained rise as much as India needs the world, Prime Minister Narendra Modi said on Tuesday but warned "parochial and protectionist attitudes" are threatening globalisation goals and "non-state actors" are stoking instability, violence and extremism.

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Jan

Wed

18

Railways plans to save Rs 41,000 cr in energy costs

New Delhi: Railway Minister Suresh Prabhu on Tuesday unveiled Mission 41k aimed at saving Rs 41,000 crore in the next decade in the rail network's energy costs.

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Jan

Wed

18

Govt to integrate BHIM app with Aadhaar for transactions

New Delhi: Your Aadhaar card could soon become a universal payment ID. In a few weeks, the government will unveil a feature for payments through the Bharat Interface for Money (BHIM) app by simply entering the 12-digit Aadhaar number.

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Jan

Wed

18

India's 2017 grape exports to Europe and China set to increase by 15% to 20%

Pune: India's grape exports to Europe and China are expected to increase by 10-20% despite lower realisations from the UK as companies are confident that an increase in volume will boost business. "The exportable grapes production is expected to go up this year. Nashik, which supplies around 80% grapes, has 55,000 hectares area under cultivation. Of this, area registered for exports this year is 33,000 hectares, compared with 27,000 hectares last year.

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Jan

Wed

18

India beats US in 2016 mobile app market growth, sees most Google Play downloads

New Delhi: India’s mobile app market grew sharply last year, outpacing the US, and ranked number one in terms of Google Play downloads, highlighting the vibrancy of the country’s mobile ecosystem. Indians downloaded over 6 billion apps in 2016, up from 3.5 billion in 2015. That 71% growth was significantly higher than the overall 15% growth in app downloads around the world.

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Jan

Wed

18

India's domestic air passenger traffic doubled in past six years

New Delhi: India’s domestic air passenger traffic has almost doubled in the past six years led by strong economic growth and emergence of low-fare airlines, according to data compiled by aviation regulator Directorate General of Civil Aviation (DGCA).

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Jan

Tue

17

Danone bets on nutrition business to double India revenue by 2020

New Delhi: Danone SA, Europe’s largest yogurt maker, will focus on its nutrition business, and not dairy, to double its revenue in India by 2020, said Rodrigo Lima, managing director, Danone India Pvt. Ltd, the local unit of the French company.

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Jan

Tue

17

India, Mauritius signs MoU for cooperation in cooperatives

New Delhi: India and Mauritius on Monday signed an MoU for cooperation in the field of cooperatives and related areas, said an official release.

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Jan

Tue

17

'FDI in gaming industry will aid its growth'

New Delhi: The All India Gaming Federation (AIGF) has suggested allowing Foreign Direct Investment in the Indian gaming industry, which it says will open the doors to superior technology providers and shall aid its growth.

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Jan

Tue

17

Stage set for GST rollout on 1 July

New Delhi: The goods and services tax (GST) is set to be rolled out from 1 July after the centre and the states struck a consensus on the contentious issue of sharing of administrative powers.

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Jan

Tue

17

New credit card users rise post demonetisation; SBI issues record cards in December

Mumbai: The second largest card issuer in the country SBI card has seen a significant rise in new card issuances post demonetization. In the month of the December alone SBI added 1.15 lakh new credit card users and its total card issuance tally has now reached 47.5 lakh. “Demonetisation has given the card business a leg up the increase in transactions has been exponential and we believe if we continue to put more and more transactions on the electronic platform then it will bode quite well for the card business,” said Arundhati Bhattacharya, Chairman, SBI. “After 9th November we are aware that there has been a change in the way people do their financial transactions more and more transactions are happening on the digital platform.”

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Jan

Tue

17

India Signs Financing Agreement with World Bank for US$ 48 Million for "Nagaland Health Project"

New Delhi: A financing agreement for IDA credit of US$ 48 million (equivalent) for the ‘Nagaland Health Project’ was signed with the World Bank here today.

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Jan

Tue

17

Indian CEOs most optimistic amidst global gloom

New Delhi: Amidst existential questions over the impact of globalisation and concerns around the rising trend of protectionism, 71 per cent of India’s chief executive officers (CEOs) are very confident of their company’s growth in the next 12 months, against a global average of 38 per cent. Globally, 29 per cent of CEOs, on an average, expect economic growth to improve over the next 12 months. However, 42 per cent of India’s CEOs are optimistic of improvement in the global economy.

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Jan

Mon

16

App named 'SEZ India' launched by Commerce Ministry

New Delhi: A Mobile app named “SEZ India” has been launched by the Commerce Secretary on 06.1.2017.  SEZ Division, Department of Commerce under its broader e-Governance initiative i.e. SEZ Online System, has developed mobile app for Special Economic Zones (SEZs). Commerce Secretary launched the app and mentioned that the App would help the SEZ Units and Developers to find information easily and track their transactions on SEZ Online System. Now the SEZ Developers & Units can file all their transactions digitally through SEZ Online system and track the status on the go through the SEZ India mobile app.

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Jan

Mon

16

What is amazing in India is the depth of talent here: Chip Kaye & Joe Landy, Warburg Pincus, co-chief executives

New Delhi: Starting with a mind-boggling $2 billion exit from Bharti AirtelBSE -0.11 %, history of Warburg Pincus’s investment in India goes back to the very origins of private equity play in India.

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Jan

Mon

16

Sri Lanka's mega port city poised to change face of Colombo

Colombo: Sri Lanka is building a mega port city project in its capital Colombo that will transform the country into an international financial and business hub in the Indian Ocean region in the coming years.

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Jan

Mon

16

African, French leaders open summit on peace, climate, economy

Bamako: African and French leaders kicked off a summit here, focusing on key issues including peace and security, climate and economy.

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Jan

Mon

16

2.4 million new demat accounts opened last year, highest since 2008

New Delhi: The number of dematerialized (demat) accounts opened in India last year was the highest since 2008, as more retail investors opted to invest in stocks in a country where people traditionally prefer gold, real estate and bank deposits.

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Jan

Mon

16

India will be the fastest-growing economy in 2017, despite note ban: Moody's

New Delhi: Moody’s Investors Service and its Indian affiliate ICRA Ltd on Monday said the country’s growth of gross value added (GVA) at basic prices will ease to about 6.6% in 2017 from around 7% in 2016, with a likely pick-up in the second half of the calendar year, as the economy adjusts after demonetisation.

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Jan

Mon

16

India's share of global economy to increase: Lars Heikensten, Executive Director, Nobel Foundation

Ahmedabad: Lars Heikensten, executive director of the Nobel Foundation, said he expects India's share of the global economy to increase while commenting on the role of the country in the emerging world order, ahead of the biennial Vibrant Gujarat Global Summit.

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Jan

Mon

16

Dec exports at 21-month high

New Delhi: Merchandise export grew in December for a fourth straight month and was at a 21-month high in absolute terms. Led by a spike in oil prices and improved competitiveness from a weaker rupee, amid muted global demand.

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Jan

Fri

13

25,578 MoUs inked at Gujarat investors meet

Gandhinagar: The eighth edition of the biennial Vibrant Gujarat Global Investors Summit, which concluded here on Thursday evening, saw the signing of more than 25,500 MoUs, the government said but declined to provide a figure of the quantum of investments.

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Jan

Fri

13

NTPC to invest over Rs 1,000 crore in Odisha coal mine project

New Delhi: State-run power generator NTPC's board has approved an investment of over Rs 1,053 crore for the Dulanga coal mining project in Odisha with an estimated production capacity of 7 million tonnes per annum (MTPA).

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Jan

Fri

13

India, China top automatable job potential: McKinsey report

New Delhi: India and China together account for the largest technically automatable employment potential— more than 700 million full-time equivalents between them—because of the sheer size of their labour forces. This is a key finding of McKinsey Global Institute’s (MGI) report titled A future that works: Automation, employment, and productivity.

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Jan

Fri

13

Moody's changes power sector outlook from negative to stable

Kolkata: Moody's Investors Service and its Indian affiliate, ICRA predicts stable outlook for the power sector over the next 12-18 months reflecting sustained improvement in domestic coal availability, as well as the Indian government's policy initiatives, which is likely to lead to improvements in financial positions of state-owned electricity distribution companies in the next two to three years.

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Jan

Fri

13

Canada seeks Indian support for its infrastructure bank

New Delhi: Canada is keen to boost its economic ties with India and would invite Indian funds for Canada Infrastructure Bank (CIB).

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Jan

Fri

13

Indian cross-border online spending could grow 85% in 2017: PayPal report

Bengaluru: Indian shoppers spent an estimated Rs 58,370 crore on shopping from other countries last year, and cross-border spending could grow 85% in 2017, digital payment firm PayPal said in a report.

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Jan

Fri

13

Industrial output at 13-month high in November

New Delhi: Industrial activity rose to a 13-month high of 5.7% in November, belying expectations of an adverse impact from demonetisation. It had contracted 1.8% in October, revealed the Index of Industrial Production (IIP) data released on Thursday.

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Jan

Thu

12

India, US sign MoU in cyber security cooperation

New Delhi: India and the US have signed a memorandum of understanding (MoU) on cooperation in the field of cyber security, an official statement said here on Wednesday.

 

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Jan

Thu

12

68% Indians want service charge to be optional: Survey

New Delhi: Sixty-eight per cent of respondents in a country-wide survey say the service charge levied by hotels and restaurants should be optional, while 27 per cent opposed it.

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Jan

Thu

12

Axiom Asia to invest up to 15% of new $1 billion fund in India

New Delhi: Singapore-based private equity firm Axiom Asia Private Capital plans to invest up to 15% of its new $1.03 billion fund in India, a top executive said.

 

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Jan

Thu

12

Airtel Payments Bank to be launched today

New Delhi: Airtel Payments Bank, a subsidiary of the country’s leading mobile phone operator Bharti Airtel, is all set to become the country’s first payment bank to be launched on Thursday.

 

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Jan

Thu

12

India-CERT Signs an MoU with US-CERT

New Delhi: India and USA have signed a Memorandum of Understanding (MoU) between the Indian Computer Emergency Response Team (CERT- In) under the Ministry of Electronics nd Information technology of the Government of India and the Department of Homeland Security, Government of the United States of America on cooperation in the field of cyber Security. The MoU was signed by Smt. Aruna Sundararajan, Secretary, Ministry of Electronics and Information Technology and Mr. Richard Verma, US Ambassador to India today.

 

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Jan

Thu

12

MoUs worth Rs 16,000 cr in IT and Rs 5,022 cr in Bio-Technology sectors inked

Ahmedabad: On the second day of Vibrant Gujarat Global Summit-2017 54 MoUs worth Rs 5,022 crore by 37 companies in the maximum possibilities holding sector of 21st century - Biotechnology was signed today. Along with biotechnology; 89 MoUs worth Rs 16,000 crore was signed in IT sector today.

 

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Jan

Thu

12

India and Israel committed to strengthen bilateral relations in the field of agriculture

New Delhi: The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 52.56 per barrel (bbl) on 11.01.2017. This was lower than the price of US$ 53.22 per bbl on previous publishing day of 10.01.2017.

 

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Jan

Thu

12

56.6% growth in Foreign Tourists Arrival on E-Tourist Visa in December 2016 over the same period in 2015

New Delhi: A total of 1,62,250 foreign tourists arrived in December 2016 on e-Tourist Visa as compared to 1,03,617 during the month of December 2015 registering a growth of 56.6%. UK (22.4%) continues to occupy TOP slot followed by USA (16.4%) and Russian Fed (7.7%) amongst countries availing e-tourist visa facility During December 2016.

 

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Jan

Wed

11

EDF upbeat on India's renewable energy plan

New Delhi: French energy major EDF Group's chairman and CEO Jean-Bernard Lévy said India is among the top 5 focus areas for the company but will stay away from investing in capital-intensive projects, especially in thermal power space. Lévy told Economic Times that his company is upbeat on India's renewable energy plan and committed to spend $2 billion on the sector but finds it "frustrating" that the country is not doing anything to tap the huge hydropower potential. Edited excerpts…

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Jan

Wed

11

India, UAE to increase trade by 60 percent in five years

Gandhinagar: Prime Minister Narendra Modi on Tuesday met UAE Minister Rashid Ahmad bin Fahad on sidelines of the Vibrant Gujarat summit and agreed that bilateral trade must be increased by 60 percent over the next five years, an official said.

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Jan

Wed

11

Mauritius top source of FDI in India

Mumbai: Mauritius provided the maximum inward foreign direct investment, accounting for 20.8 per cent of FDI in India, followed by the US, Britain, Singapore and Japan till the end of the last fiscal, the RBI said on Tuesday.

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Jan

Wed

11

World Bank projects GDP growth at 7% in FY17, despite demonetisation

New Delhi: The World Bank has projected India’s economy to grow at seven per cent in the current financial year, even after taking into account the impact of demonetisation. It stated the impact of demonetisation was for the short term.

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Jan

Wed

11

Reforms likely to boost medium-term growth: Moody's

New Delhi: International rating agency Moody’s Investors Service has maintained a positive outlook on India and said that beyond the shortterm negative impact on growth, demonetisation has the potential to raise government revenues and provide some fiscal space to support growth if required.

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Jan

Wed

11

BPO firm WNS acquires US-based Denali Services for $40 million

Mumbai: Business process management company WNS Global Services on Tuesday announced acquisition of US-based Denali Sourcing Services for $40 million to improve its capabilities in the sourcing and procurement capabilities.

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Jan

Wed

11

Government to fund up to 60 per cent R&D cost for e-vehicles

New Delhi: The government has, for the first time, decided to fund up to 60% of the research and development (R&D) cost for developing indigenous low-cost electric technology that will help power two-, three-wheelers and commercial vehicles operating in public spaces, a move aimed at reducing pollution.

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Jan

Tue

10

Construction, real estate projects spike in December quarter, despite note ban

New Delhi: The one sector that was expected to be hit the hardest by the government’s move to scrap high-value currency notes in early November is the construction and real estate sector. Given the widespread use of cash in real estate transactions (quite often to facilitate under-reporting of official prices and evade taxes), it was expected that the sector would bear the brunt of the currency-scrapping exercise. But capex figures from the Centre for Monitoring Indian Economy (CMIE) show that such concerns aren’t borne out by the data, at least not just yet.

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Jan

Tue

10

India-Japan FTA implementation needs to be expedited: Sitharaman

New Delhi: Commerce Minister Nirmala Sitharaman has said that the pace of implementation of the India-Japan free trade agreement needs to be stepped up further, an official statement here said.

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Jan

Tue

10

Northeast could feed India up to 1,100 MW of power by yearend

Agartala/Shillong: The northeastern region, with its huge energy potential -- 50,000 MW, by some estimates -- could soon become the "power house of India". And taking a small first step in this direction, it is expected to feed the rest of the country up to 1,100 MW by the end of this year, energy experts say.

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Jan

Tue

10

Automobile sales rose over 9% in 2016: SIAM

New Delhi: The Indian automobile sector sold a total of 21,901,572 units across segments and categories to record a growth of 9.17 per cent during 2016, industry data showed on Tuesday.

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Jan

Tue

10

PM delighted over 10 million downloads of BHIM App in 10 days

New Delhi: The Prime Minister Shri Narendra Modi has expressed delight over 10 million downloads of BHIM App in a span of 10 days.

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Jan

Tue

10

Tamil Nadu becomes 21st State to join UDAY

New Delhi: Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal presided over the signing of the Memorandum of Understanding (MOU) under the Ujwal DISCOM Assurance Yojana (UDAY) Scheme with the Government of Tamil Nadu and its Discom TANGEDCO, for operational and financial turnaround of the DISCOM, in New Delhi today. The signing ceremony was held in the august presence of the Shri P. Thangamani, Minister for Electricity, Prohibition & Excise, Government of Tamil Nadu.

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Jan

Tue

10

Government, RBI ask banks to boost ATM cash supply

New Delhi: The government and the RBI have asked banks to make ATMs fully functional and have said that more cash should be diverted to vending machines and rural areas.

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Jan

Tue

10

New York Life Insurance re-enter Max Group, picks up 22.5 per cent stake in Max Ventures for Rs 121 crore

New Delhi: New York Life Insurance Company, the largest mutual life insurance company in the United States, has picked up 22.51 per cent stake for Rs 121 crore in Max Ventures and Industries Limited, a company that was formed after restructuring of Max India in 2016.

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Jan

Tue

10

Number of online shoppers may cross 100 million by end of 2017

Mumbai: The number of consumers who buy online is expected to cross 100 million by 2017 end compared with 69 million last year, boosted by the rise of, among others, better logistical infrastructure and broadband and Internet-ready devices, an ASSOCHAM-Resurgent India study said.

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Jan

Mon

09

Sebi to allow MF buying through e-wallets

Mumbai: Capital market regulator Securities and Exchange Board of India (Sebi) is set to allow purchase of mutual fund (MF) units through digital wallets and electronic payment applications.

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Jan

Mon

09

Headline: Double-digit increase in tax collection: Jaitley

New Delhi: The currency squeeze in November and December has failed to hit revenue mop up, with direct and indirect tax collection from April to December showing a double-digit increase, Finance Minister Arun Jaitley said on Monday.

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Jan

Mon

09

Genpact, Cisco launch 'Global Centre of Excellence' in Jaipur

Jaipur: Global business process management company Genpact and Cisco on Monday unveiled the "Global Centre of Excellence" in Jaipur as part of Ciscos Lighthouse City project, a global initiative designed to deploy next-generation technologies to impact citizens and society.

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Jan

Mon

09

India is a major strategic partner, and will remain so, says French foreign minister Jean-Marc Ayrault

New Delhi: The winds of change blowing through the UK, US and Europe could have implications for India and its ties with major powers such as France. French foreign minister Jean-Marc Ayrault talks to Indrani Bagchi about the future of France-India ties.

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Jan

Mon

09

A lot of money is looking at India: CPPIB's Mark Machin

Mumbai: Mark Machin, who worked as CPP Investment Board’s (CPPIB) first president for Asia, was recently named president and chief executive of Canada’s largest pension fund and is responsible for leading its investment activities. As of 30 September, the CPP Fund had net assets of Canadian $300.5 billion. CPPIB opened its India office in 2015 and has committed about $3.7 billion in the country so far. In an interview, Machin talks about India as an investment destination, increasing allocation to emerging markets and the fund’s plans. Edited excerpts:

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Jan

Mon

09

Monetisation of 75 projects through toll-operate-transfer route to fetch funding for national highways: ICRA

Mumbai: The government’s decision to allow NHAI to monetise road projects will help gather funding to build around 2,700 kms of highways, rating agency ICRA said in a report.

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Jan

Mon

09

Aurobindo Pharma buys Generis in a bid to boost margins in Europe

New Delhi: Aurobindo Pharma Ltd wanted an acquisition that could lift the profitability of its European operations; its earnings before interest, taxes, depreciation and amortization (Ebitda) margin was in the mid-single digits, compared with the company’s overall 24.6% (in the September quarter).

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Jan

Fri

06

Agri sector offering greater employment opportunities: Minister

New Delhi: Union Agriculture Minister Radha Mohan Singh on Thursday said that newer developments in the agriculture sector have led to greater employment opportunities for skilled youth in various segments.

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Jan

Fri

06

Japan to assist in making Chennai, Ahmedabad and Varanasi Smart Cities

New Delhi: Japan has decided to be associated with the development of Chennai, Ahmedabad and Varanasi as smart cities. This was today conveyed by Japan’s Ambassador to India Mr.Kenji Hiramatsu during his meeting with Minister of Urban Development Shri M.Venkaiah Naidu.

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Jan

Fri

06

Isro to launch record 103 satellites in one go in February

Tirupati: Isro will launch a record 103 satellites in one go using its workhorse PSLV-C37 in the first week of February, while Prime Minister Narendra Modi’s pet South Asian satellite project will take off in March.

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Jan

Fri

06

Domestic steel production rises as sales pick up

New Delhi: With domestic steel makers witnessing increased production in the current financial year, the demand scenario, both domestic and exports, seems to be in a pick-up mode.

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Jan

Fri

06

World Bank's IFC invests US$125 million in Hero Group renewable energy unit

Mumbai: International Finance Corp. (IFC), the private sector investment arm of World Bank, on Thursday said it has invested $125 million in Hero Future Energies, the renewable energy arm of the Hero Group, for an undisclosed equity stake.

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Jan

Fri

06

Kalyan Jewellers to invest over Rs 500 crore for expansion

Chennai: Kalyan Jewellers plans to invest over Rs 500 crore in 2017 to open 15 new showrooms.

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Jan

Fri

06

India's solar capacity may double to 18 GW this year

Mumbai: Solar energy capacity in India could nearly double to 18 gigawatt (GW) this calendar year as large projects get commissioned, despite the short-term hurdles of power curtailment and weak tendering in some states, according to sector experts and power producers.

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Jan

Thu

05

India's tax department signs 3 advance pricing agreements

New Delhi: Towards fostering a non-adversarial tax regime, India's Income Tax Department on Wednesday signed three advance pricing agreements (APAs) with taxpayers designed to reduce litigation by providing certainty in transfer pricing, an official statement said.

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Jan

Thu

05

RBI contradicts its own notification, says bank staff union

Kolkata: The Bank Employees Federation of India on Wednesday said the Reserve Bank of India's statement on December 31 contradicted its notification dated November 8.

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Jan

Thu

05

India an innovation hub for Microsoft

New Delhi: India is a hotbed of research and development (R&D) activity for Microsoft. Other than its local data centres, cybersecurity and Smart City initiatives, the country is home to Microsoft Research India, (MSR India), which was established in January 2005 in Bengaluru. The other unit—Microsoft India (R&D) Pvt. Ltd set up its India operations in Hyderabad in 1998. Over the past 18+ years, it has expanded to become one of Microsoft’s largest R&D centers outside its headquarters in Redmond.

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Jan

Thu

05

Pichai looks at his birthplace to launch SMB product for the globe

New Delhi: Sundar Pichai, the India-born chief executive officer of Google, used his homeland to launch a global platform that allows small firms to build websites on their smartphones before the largest Internet firm takes it to other countries.

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Jan

Thu

05

Sebi eases FPI rules for trading on IFSC

Mumbai: In an attempt to boost the government's Ease of Doing Business initiative, markets regulator Sebi on Wednesday said that foreign investors already registered with Indian regulators to trade on Indian bourses will not require any fresh registration for operating through the Gujarat-based International Financial Services Centre (IFSC).

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Jan

Thu

05

India's spices exports grow 7% in value in fist half of FY17

Kochi: Boosted by large shipments of chilli, nutmeg, mace, cumin and garlic, spices exports from India grew 5 per cent in volume and 7 per cent in value in the first half of 2016-17 from a year ago.

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Jan

Thu

05

Tax collections to exceed budget estimates, says Arun Jaitley

New Delhi:The central government will exceed its budget estimates for both direct and indirect tax collections this year, finance minister Arun Jaitley said on Wednesday.

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Jan

Thu

05

FDI inflow grows 27% in April-October period

New Delhi: Foreign direct investment grew 27% in the first seven months of the fiscal to $27.82 billion, from $21.87 billion a year ago.

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Jan

Wed

04

Modi's New Year-eve sops to cost over Rs 3,500 crore to economy

New Delhi: Prime Minister Narendra Modi's announcements on the New Year's Eve, including sops in housing, agriculture and for pregnant women, will cost the economy a total of over Rs 3,500 crore annually, a State Bank of India report said on Tuesday.

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Jan

Wed

04

Rs 21,400 cr raised via stake sale, 60% of fiscal target

New Delhi: The government has garnered over Rs 21,432 crore ($3 billion) through selling its stake in central public sector entreprises (CPSEs) during the first eight months of the current fiscal, representing nearly 60 per cent of the union budget's target, an official statement said on Tuesday.

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Jan

Wed

04

RBI asks banks to supply at least 40% of currency to rural areas

Mumbai: The RBI on Tuesday asked banks to give priority to rural areas in supplying cash and ensure that at least 40% of the bank notes issued are in denominations of Rs 500 and below in order to meet the shortage of currency notes after demonetisation.

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Jan

Wed

04

State govt to introduce widespread policy reforms to boost ease of doing business

New Delhi: Government of Haryana in collaboration with Confederation of Indian Industry organised the fourth roadshow for Pravasi Haryana Divas in New Delhi on Monday. Industry leaders of Haryana origin attended the roadshow aimed to invite NRIs and people of Haryana origin to come and invest in the state.

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Jan

Wed

04

Headline: India to be world's 3rd assembler of iPhones

Bengaluru: With the upcoming Bengaluru assembly plant of Apple, India will become only the third country to do the final assembly of iPhones -an indication of how important the country has become for the world's most-valued company.

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Jan

Wed

04

Indian unicorns such as Flipkart, Snapdeal and Ola have spawned 700 start-ups

New Delhi: India’s 12 unicorns, including MakeMyTrip and Naukri (both from an earlier generation), and Myntra (acquired by Flipkart), have created a mini-army of entrepreneurs that has gone on to found 700 companies, highlighting the role of these firms in shaping the start-up ecosystem.

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Jan

Wed

04

Sugar production till Dec 31 up by 0.4%: ISMA

Pune: India's sugar production till December 31, 2016 is up by 0.4% even though the sugar production of top producer Maharashtra is lagging by 25%. Sugar production of Uttar Pradesh during same period has been up by 50%.

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Jan

Tue

03

Indian equities slip on profit booking, weak rupee

Mumbai: Profit booking, coupled with a depreciating rupee and weak domestic macro data, pulled the Indian equities markets lower on Monday.

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Jan

Tue

03

Sri Lanka urges India to resolve fishing dispute

Colombo: Sri Lanka on Monday urged India to resolve a long standing fishing dispute, authorities said.

 

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Jan

Tue

03

India won't lag the rest of the world for 5G like it did for 4G: Intel's Navin Shenoy

New Delhi: The last time Navin Shenoy, senior vice-president and general manager, Intel Corp. (Client Computing Group), was in India in 2012, Paytm was an unknown commodity. On a visit this month, he realized he can make payments to a fruit vendor instantly, which he thought was not possible in India 2-3 years ago. Such dramatic changes, including India’s adaptation of 4G and Digital India, make him an “unabashed India bull”.

 

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      DOING BUSINESS IN INDIA

      A study has been done by Ernst and Young India with the intention of providing an overview of the investment climate, taxation, forms of business organisations, and business and accounting practices in India.

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