Japanese Company Hitachi would invest more Rs.4,700 crore in India by March 2016 to set up new factories and hire more people, firm’s president Hiroaki Nakanishi told reporters on Thursday. The investment would boost the company’s revenue to Rs.20,000 crore by March 2016 from Rs.6,700 crore in fiscal 2011, Nakanishi said at a media briefing.…Continue Reading…
Indian real estate sector has seen a drop of 15 percent in private equity investments in the first three quarters of 2012 as compared to last year, a report said. According to the latest investment market report from real estate consultancy Cushman & Wakefield, the first three quarters of calendar year 2012 witnessed a fall…Continue Reading…
Brushing aside a plea to stay the government’s recent decisions on easing FDI cap in retail, aviation, broadcasting and power sectors, the Supreme Court Monday asked the Reserve Bank of India (RBI) to expedite amendments to its rules and regulations within two weeks. While not allowing the plea of lawyer M.L. Sharma, who filed a…Continue Reading…
An expert committee on tax laws Saturday suggested that the Indian government defer implementation of the controversial General Anti-Avoidance Rules (GAAR) until fiscal 2016-17 and abolish capital gains tax on transfer of securities to ensure investment and capital flows. The committee, appointed by Prime Minister Manmohan Singh in July when he was holding the finance…Continue Reading…
Schanti Partners, a New York based company is under process to setup a 50 MW Solar Power plant in the Kaimur district of Bihar. The Company would invest Rs 580 Crores. The project would be executed in 5 phases of 10 MW each under the aegis of Sparkle Solar Bihar, a subsidiary of Schanti Partners, The company has…Continue Reading…
Central Government has approved setting up of a Petroleum, Chemical and Petrochemical Investment Region (PCPIR) in Cuddalore and Nagapattinam districts of Tamil Nadu, Minister of State for Chemicals Srikant Kumar Jena said. In a written reply, the minister informed parliament that the proposed PCPIR in Cuddalore and Nagapattinam districts, covering an area of 256.83 sq…Continue Reading…
Kerala has sought the central government’s approval for the Kochi-Palakkad National Investment and Manufacturing Zone (NIMZ), a Rs.53,825 crore mega industrial infrastructure project, according to State Industries Minister P.K. Kunhalikutty. “The centre has sought more details from the state government for giving clearance to the project. This is being submitted to the centre,” Kunhalikutty said…Continue Reading…
Former Bengal CM Buddhadeb Bhattacharya has lashed out at Mamata Bannerjee over Infosys walkout from the state. He accused Mamata Bannerjee for decline in the Investment in the State. IT Major Infosys had to recently rethink its plans to setup center in Kolkata. The Infosys project in the state hit a hurdle when the state…Continue Reading…
Emerging Kerala Investment Meet would assemble over 1600 delegates from over 21 countries, says Kerala CM Chandy. The conclave would be held at Kochi/Cochin in September this year The flagship global connect programme of the state government, Emerging Kerala 2012, to be held from Sep 12-14, is being organised by the state government with Confederation…Continue Reading…
CM of Bihar Nitish Kumar has again opposed FDI in Retail Sector. He said that he was not in favour of foreign direct investment (FDI) in retail in the state and virtually made it clear that he was with the Bharatiya Janata Party (BJP) in opposing it. “I am not in favour of FDI in…Continue Reading…
