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EXPLAINED: Foreign investment | Rare Historical Photos

India economy to regain its mojo, return to current account surplus: NITI Aayog's Lahiri

NITI Aayog Vice Chairman Ashok Kumar Lahiri stated the Indian economy is performing reasonably well. He anticipates the nation will soon achieve a current account surplus. A significant challenge remains the low manufacturing share in India's overall GDP. Lahiri highlighted the positive impact of foreign investment in key sectors like…

The Economic Times

India's Serious Fraud Office recommends 'detailed' probe into Xiaomi's business in country

India's Serious Fraud Office proposed investigating Xiaomi for alleged business irregularities. The probe would examine fund movements and foreign investment law compliance. This comes amid Xiaomi's ongoing tax and royalty payment disputes in India. The company stated it has not received any official notice from the SFIO. An investigation could…

The Economic Times

Global Market: Four US firms commit $2 billion investment in South Korea

Four U.S. companies have committed $2 billion in South Korea across semiconductors, advanced materials and renewable energy. Investments include semiconductor gases, chip equipment, advanced glass and a 3.2-GW offshore wind project. The commitments strengthen South Korea’s efforts to attract foreign investment and deepen economic cooperation with the United States.

The Economic Times

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India needs investment rate of 34-35% of GDP to hit 8% growth: Surjit Bhalla

India needs a higher investment rate to achieve its ambitious eight percent growth target. Private investment revival is crucial for productivity and sustained long-term economic expansion. The current investment-to-GDP ratio supports only about six point five percent growth. Reforms to foreign investment policy and bilateral investment treaties are essential. Government…

The Economic Times

Finance Minister to leave for 8-day official trip to Canada, US; focus on deepening bilateral ties

Finance Minister Nirmala Sitharaman will visit Canada and the United States for economic discussions. She will participate in the G20 Finance Ministers and Central Bank Governors meeting in Asheville. Sitharaman will engage with Canadian business leaders and explore investment opportunities. In the US, she will meet with private sector companies…

The Economic Times

India gets nearly Rs 5,000 crore FDI after easing rules for Chinese-linked firms

New foreign investment rules are yielding positive results for India's economy. Twenty-nine investment proposals totaling over Rs 4,895 crore have been reported. These investments span crucial sectors like IT and manufacturing. Entities from various countries, including Mauritius and the US, have made these investments. The revised framework expedites foreign investment…

The Economic Times

Global Market: Foreign inflows into major Asian bond markets fall to four-month low in July

Foreign investment in major Asian bond markets fell to a four-month low in July as investors turned more selective amid geopolitical risks and higher oil prices. India stood out with $3.04 billion in foreign bond inflows, while Malaysia, Thailand and Indonesia saw weaker demand. The broader trend came even as…

The Economic Times

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Pundit urges reforms in petroleum sector

Thailand could face a decline in domestic energy supply unless significant regulatory reforms are introduced to attract foreign investment in the upstream petroleum sector, says Kurujit Nakornthap, executive director of the Petroleum and Energy Institute of Thailand.