Foreign Investment Promotion Board
Investment sentiments of consumers in India might soon improve, as the government has given its consent to 25 proposed Foreign Direct Investments (FDI). While the FDIs are not going to be placed directly in the real estate market, they would, however, play an important role in reviving the country’s economy, imbuing similar effects on the [...] Continue Reading »
The Foreign Investment Promotion Board (FIPB) has cleared 19 FDI proposals including that of Walt Disney Company and Reckitt Benckiser (India) entailing total investments of Rs 2,326.72 crore. The Finance Ministry in a press release in its meeting held on June 11, 2014, mentioned that based on the recommendations of FIPB, the Government has approved 19 proposals [...] Continue Reading »
The MNCs are waiting with a bated breath to invest in India. There were a lot of oppositions against FDI in retail in the last few sessions of the parliament during the UPA regime; however the foreign investors are expecting the new government to take some favourable decisions for them. The Finance Ministry will take [...] Continue Reading »
Should the FIBB (Foreign Investment Promotion Board) remain with the Ministry of Finance or should the Department of Industrial Policy & Promotion (DIPP) take charge? This is a burning question of immense importance asked by the PMO (The Prime Minister’s Office) to the Cabinet Secretariat, say sources, keeping in mind it is the nation’s only [...] Continue Reading »
Rs 1000 crore will be invested in the wholly owned infrastructure development arm of engineering major Larsen & Toubro, L&T Infrastructure Development Projects (L&T IDPL) ,by Canada Pension Plan Investment Board (CPPIB) . L&T is also looking at a second tranche capital infusion into the company which is of Rs 1000 crore , which is expected to [...] Continue Reading »
Makers of Victoria’s Secret lingerie, Limited Brands, is going to establish its first-ever global in-house centre (GIC) in Bangalore. The US firm has other brands – Pink, Bath & Body Works, Henri Bendel and La Senza. The centre will provide data analytics, which will help the organisation to analyze vast quantities of customer and retail [...] Continue Reading »
National Housing Bank (NHB) is planning to set up a finance company over the end of this financial year. The housing finance head Reserve Bank of India, will compensate on banks and housing finance companies in respect with the home loan borrowers. The application for the mortgage finance company will be handled by the Reserve Bank of India by [...] Continue Reading »
