Photo: The Guardian
Tesla Is Looking For Brand Avenues In India, Says Report
Tesla is hunting for a single-brand retail avenue in India to set up its center, following the footsteps of Apple & Ikea. Based on the FDI norm, any company with 51% foreign ownership must source 30% value goods from India. Besides, the center has approved the import of four Tesla vehicles. However, high import prices, high electric-vehicle import duties make the road bumpy for Tesla.
Tags: Tesla, India, Elon Musk, FDI, Apple, IKEA
Courtesy: Deccan Herald
Photo: The Week
Yahoo Shuts In India Over FDI Regulations; Yahoo Search To Continue
As the Indian government strengthens the FDI regulations for digital media ownership, Yahoo on August 26 decided to shut its news sites that include Yahoo News, Yahoo Cricket, Finance, Entertainment, and MAKERS India. However, Yahoo confirmed that it will continue to provide services for Yahoo Mail and Search in India. Notably, the new regulations ''limit foreign ownership of media companies that operate and publish digital content in India… read-more
Tags: Yahoo News, Yahoo India, FDI, Digital Media, Yahoo Mail
Courtesy: Siasat Daily
Photo: Hindustan Times
Lok Sabha Passes Insurance Amendment Bill; Raises FDI From 49% To 74%
Fulfilling this year's budget proposal, the Lok Sabha on March 22 passed the 'Insurance Amendment Bill 2021.' Reportedly, the Bill provisions to increase the FDI limit in the insurance sector to 74% from the earlier 49%. Moreover, it legislated to ensure that key management positions including the board of directors should be Indians with at least 50% directors as Indians. Strengthening ‘Indian Management Control’, the law provides Indian… read-more
Tags: lok sabha, parliament, FDI, FDI cap, Insurance, Insurance Amendment Bill 2021, Nirmala Sitharaman
Courtesy: Money Control
Photo: The Print
RBI Asks Banks To Limit Stake In Insurance Sector
The Reserve Bank of India has requested banks to dilute their stake in the capital intensive insurance sector to 20%, reducing the limit to over half. The regulator urged banks to focus on the dominant area of business instead of the insurance sector, seen as a 'money guzzling business,' Earlier, banking institutions were eligible to hold a 50% stake in insurers. Interestingly, the move came after the Centre increased the FDI cap to 74%.
Tags: RBI, India, Modi Government , Central Government, FDI, Insurance
Courtesy: Hindustan Times
Photo: E-go Times
Fund Inflow From China Dips Over $2 Billion Due To Border Standoff
Financial tracker Venture Intelligence’s data has revealed that funding from China in 2020 fell to a third of 2019 owing to the border tensions and government measures on Chinese firms. Reportedly, private equity and venture capital funding from China and Hong Kong fell from $3.5 billion (2019) to $1.05 billion (2020). While Chinese FDI dipped to its 3-year lowest, $55 million from $63 million, during April-September, FDI from Hong Kong has… read-more
Tags: Venture Intelligence, India-China Border Row, FDI, Chinese Firms
Courtesy: The Indian Express
Photo: IEEE
Bengaluru Becomes Only Indian City To Rank In Global FDI List
Bengaluru has become the only Indian city to get listed in the top 30 global cities of the future ranking, in the global economy and FDI, released by Knight & Frank. The experts opined that besides intervention of infrastructural and policy measures, the ecosystem of giants and startups in the city propelled it to the feat. While Bengaluru ranked 13th, Singapore bagged the first position for fourth consecutive time, followed by London and… read-more
Tags: bengaluru, FDI, Global Economy, global ranking, SINGAPORE, london, Dubai
Courtesy: The New Indian Express
Photo: KPMG International
India Records Highest FDI Inflow For First 8 Months In FY 2020-21: Govt
The Commerce Ministry, in its latest data, has revealed that India's Foreign Direct Investment (FDI) inflow soared by 37% to $43.85 billion during April-November 2020. It stated that the FDI inflow was highest-ever for the first eight months of a FY, surpassing FY 2019-20 collection ($32.11 billion). Citing the FDI reforms and investment facilitation introduced by the government, the ministry reported the total FDI inflow, including ploughed… read-more
Tags: Commerce and Industry Ministry, FDI, Finance, National
Courtesy: WION
Photo: NDTV
US President Trump Blames FDA For Preventing His 'Vaccine Win'
US President Donald Trump on November 9 alleged that the Food and Drug Administration and the Democratic Party delayed the COVID-19 vaccine announcement deliberately to prevent his "vaccine win". The accusations came after the pharmaceutical company Pfizer announced that its vaccines are 90% efficient, five days after the elections were over. He further added, "The FDA should have announced it earlier, not for political purposes, but for… read-more
Tags: Donald Trump, COVID-Vaccine, Pfizer, FDI, Democratic Party
Courtesy: The Hindu
