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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
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ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
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India's Space Ecosystem Welcomes Foreign Investment Move, But Some Cautious
India's burgeoning space ecosystem is praising the decision taken by Prime Minister Narendra Modi's government to open up the space sector and allow increased foreign direct investment. The move has largely been welcomed by all stakeholders.
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Government Eases Approval Process for Foreign Direct Investment in Space Sector
The government has announced that it will allow 100 percent foreign direct investment in the manufacture of satellite systems without official approval, while also easing rules for launch vehicles. Foreign companies can invest in the manufacture of components and systems or sub-systems for satellites up to 100 percent without approval, according to...
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India Bringing Back Ancient Idols, Getting Record Foreign Investment: PM Modi
The circle of time has moved, Prime Minister Narendra Modi said on Monday, noting that the country is not only bringing back its ancient idols from abroad but also getting record foreign investment.
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CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges
CoinDCX, that claims to have seen a 2,000 percent hike in crypto desposits in the last few days, has decided to offer one percent bonus to all investors who make deposits on the exchange between January 9 and January 17, 2024.
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US, Canada Firms Signed Deals With UP Government Worth Rs 19,265 Crores
Uttar Pradesh government signed a Memorandum of Understanding(MoU) with US and Canada-based firms worth Rs 19,265 crore ahead of the Global Investors Summit to be held in Lucknow in February, according to the statement released by UP government.
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UP Government Delegates Visit US, Canada To Seek Foreign Investment
Several investors evinced interest in investing in defence manufacturing, among others, while two important MoUs (memorandums of understanding) were also signed by Western Sydney University, as per an official statement.
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UP Ministers To Hold Roadshows In Germany, Belgium To Bring Investment
For the success of UP Global Investors Summit 2023 and attracting foreign investment in Uttar Pradesh, the overseas tour of a delegation of ministers started on Thursday.
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Apple Preparing to Source Chips From US Plant, Plans Expansion in Chip Supply From Europe: Report
Apple is reportedly working to begin sourcing chips for its devices from a US plant, likely referring to an Arizona factory that will be run by Taiwan Semiconductor Manufacturing (TSMC), the world's largest contract chipmaker and a major supplier to the firm. TSMC last year announced plans to begin production of chips at its upcoming US plant in 2...
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US Scheme That Grants Green Cards Has Indians Lining Up
A US visa program that attracted $37 billion in foreign investments since 2008 for projects including New York's Hudson Yards and Trump Bay Street in Jersey City is making a comeback - and the queue of wealthy applicants from China to India is growin
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Foreign Investors Snap Up Indian Bonds Set For Global Indices' Inclusion
Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investment ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said.
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UP Government To Hold Roadshows Globally Ahead Of Mega Investor Summit: Report
Uttar Pradesh Chief Minister Yogi Adityanath will be sending a group of ministers on foreign tours, to showcase the state as an 'investment hub' ahead of the proposed Global Investor Summit in 2023.
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Indian Data Centres Expansion Expected to Add Up to 1.2 Lakh Crore Investment Over Next Five Years: Report
Indian data centres are expected to get investments up to 1.2 lakh crore by both foreign and local firms over the period of next five years, stated ICRA. The Indian data centres market is witnessing a healthy growth. With increase in revenues and better absorption of fixed costs, operating margins for the data centre companies are likely to improve...
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FEMA Rules Amended To Let 20% Foreign Investment In LIC's Public Issue
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
-
ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
-
India's Space Ecosystem Welcomes Foreign Investment Move, But Some Cautious
India's burgeoning space ecosystem is praising the decision taken by Prime Minister Narendra Modi's government to open up the space sector and allow increased foreign direct investment. The move has largely been welcomed by all stakeholders.
-
Government Eases Approval Process for Foreign Direct Investment in Space Sector
The government has announced that it will allow 100 percent foreign direct investment in the manufacture of satellite systems without official approval, while also easing rules for launch vehicles. Foreign companies can invest in the manufacture of components and systems or sub-systems for satellites up to 100 percent without approval, according to...
-
India Bringing Back Ancient Idols, Getting Record Foreign Investment: PM Modi
The circle of time has moved, Prime Minister Narendra Modi said on Monday, noting that the country is not only bringing back its ancient idols from abroad but also getting record foreign investment.
-
CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges
CoinDCX, that claims to have seen a 2,000 percent hike in crypto desposits in the last few days, has decided to offer one percent bonus to all investors who make deposits on the exchange between January 9 and January 17, 2024.
-
US, Canada Firms Signed Deals With UP Government Worth Rs 19,265 Crores
Uttar Pradesh government signed a Memorandum of Understanding(MoU) with US and Canada-based firms worth Rs 19,265 crore ahead of the Global Investors Summit to be held in Lucknow in February, according to the statement released by UP government.
-
UP Government Delegates Visit US, Canada To Seek Foreign Investment
Several investors evinced interest in investing in defence manufacturing, among others, while two important MoUs (memorandums of understanding) were also signed by Western Sydney University, as per an official statement.
-
UP Ministers To Hold Roadshows In Germany, Belgium To Bring Investment
For the success of UP Global Investors Summit 2023 and attracting foreign investment in Uttar Pradesh, the overseas tour of a delegation of ministers started on Thursday.
-
Apple Preparing to Source Chips From US Plant, Plans Expansion in Chip Supply From Europe: Report
Apple is reportedly working to begin sourcing chips for its devices from a US plant, likely referring to an Arizona factory that will be run by Taiwan Semiconductor Manufacturing (TSMC), the world's largest contract chipmaker and a major supplier to the firm. TSMC last year announced plans to begin production of chips at its upcoming US plant in 2...
-
US Scheme That Grants Green Cards Has Indians Lining Up
A US visa program that attracted $37 billion in foreign investments since 2008 for projects including New York's Hudson Yards and Trump Bay Street in Jersey City is making a comeback - and the queue of wealthy applicants from China to India is growin
-
Foreign Investors Snap Up Indian Bonds Set For Global Indices' Inclusion
Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investment ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said.
-
UP Government To Hold Roadshows Globally Ahead Of Mega Investor Summit: Report
Uttar Pradesh Chief Minister Yogi Adityanath will be sending a group of ministers on foreign tours, to showcase the state as an 'investment hub' ahead of the proposed Global Investor Summit in 2023.
-
Indian Data Centres Expansion Expected to Add Up to 1.2 Lakh Crore Investment Over Next Five Years: Report
Indian data centres are expected to get investments up to 1.2 lakh crore by both foreign and local firms over the period of next five years, stated ICRA. The Indian data centres market is witnessing a healthy growth. With increase in revenues and better absorption of fixed costs, operating margins for the data centre companies are likely to improve...
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FEMA Rules Amended To Let 20% Foreign Investment In LIC's Public Issue
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC.
