US Senator asks Indian companies to invest in American heartland

US Senator Mark Warner, co-chair of the Senate India [ Images ] Caucus, while lauding the burgeoning Indian investment in the US, has urged Indian companies to also explore making such investments in the American heartland instead of the traditional areas in order to change misperceptions on globalisation. Warner, a Democrat – who since taking [...]

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Govt likely to allow QFIs to invest in equity markets directly

With an aim to further liberalise the capital market, the government is contemplating to allow foreign individuals – Qualified Foreign Investors (QFIs) – to buy equities directly in stock markets, a senior Finance Ministry official said. At present, only overseas High Networth Individuals (with a minimum networth of USD 50 million), which are registered as [...]

Walmart to invest more if FDI policy is relaxed

At present, India does not allow FDI in multi-brand retail, which has restricted international players to the wholesale cash-and-carry business. In the wholesale business, 100 per cent FDI is allowed, whereas in single brand retail, 51 per cent overseas investment is permitted. While a committee of secretaries has given a green signal to FDI in [...]

GE to invest $200 mn to build pune unit

US conglomerate General Electric will invest $200 million (Rs 980 crore) to build an integrated multi-product manufacturing facility in Pune. “Our new integrated manufacturing facility is coming up near Pune on a 68-acre plot for making a wide portfolio of products for the Indian market,” GE chairman, Jeffrey R Immelt, said in Bengaluru [ Images [...]

Investment guide: Good for retail, risk for HNIs

Investors, especially high networth individuals, would be glad that the market regulator, the Securities and Exchange Board of India [ Images ], is taking some firm steps towards ensuring better compliance in case of alternate investments. For retail investors, the rise in the entry barrier — up to Rs 1 crore (Rs 10 million) from [...]

Where India can benefit from Chinese investments

The India-China relationship in modern times is supposedly based on the five principles enshrined in an agreement signed in 1954. The Panchsheel (five foundations) principles included: respect for territorial integrity, non-aggression, non-interference in internal affairs, equality and peaceful coexistence. At that time, both countries were firmly in the Third World camp. It may be useful [...]

Now, India and China to deepen bilateral investment

The two sides agreed to host the next SED in 2012 in India. The SED mechanism was agreed by the Prime Ministers of both the countries during Premier Wen Jiabao’s visit to New Delhi last year. Besides Ahluwalia, the Indian delegation included Planning Commission Member (Energy) B K Chaturvedi, Railway Board Chairman Vinay Mittal, Indian [...]

Investors lose Rs 2 lakh crore in a day

Deepak Korgaonkar in Mumbai Investors’ stock market wealth plunged by a little over Rs 200,000 crore (Rs 2 trillion) on Thursday after the Sensex recorded its sharpest single-day fall on fear of global economic slowdown. The total investor wealth, measured in terms of cumulative market value of all listed companies, plummeted by Rs 216,274 crore [...]

Buffett is back, to invest in Gujarat chemical JV

BS Reporter in Ahmedabad Billionaire investor Warren Buffett, the Oracle of Omaha, is back in India doing what he does best: investing. Ohio, US-based speciality chemicals maker Lubrizol Corporation, a wholly owned subsidiary of Buffett’s investment company, Berkshire Hathaway Inc, will be setting up a chlorinated polyvinyl chloride industrial unit, in partnership with Astral Poly [...]

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