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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 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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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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Open To Foreign Space Infrastructure In India: ISRO
India's new foreign direct investment (FDI) policy for the space sector could allow overseas companies to set up their own infrastructure in line with the government guidelines, a senior official said here on Wednesday.
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China Opens Market For Foreign Automakers From January 2022
China will do away with the existing system that has limited foreign ownership to only joint ventures, in a bid to promote investment for some of the biggest and most prominent automakers in the world.
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India-Japan Ties Have Become Strategic, FDI Inflow Up: S Jaishankar
External Affairs Minister S Jaishankar on Friday said that the relationshiop between India and Japan has become strategic and there has been a very visible increase in economic cooperation between the two countries with an increase in Foreign Direct Investment (FDI) inflows from Japan.
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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 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
-
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...
-
Open To Foreign Space Infrastructure In India: ISRO
India's new foreign direct investment (FDI) policy for the space sector could allow overseas companies to set up their own infrastructure in line with the government guidelines, a senior official said here on Wednesday.
-
China Opens Market For Foreign Automakers From January 2022
China will do away with the existing system that has limited foreign ownership to only joint ventures, in a bid to promote investment for some of the biggest and most prominent automakers in the world.
-
India-Japan Ties Have Become Strategic, FDI Inflow Up: S Jaishankar
External Affairs Minister S Jaishankar on Friday said that the relationshiop between India and Japan has become strategic and there has been a very visible increase in economic cooperation between the two countries with an increase in Foreign Direct Investment (FDI) inflows from Japan.
