NRIs Beat FDI, Keep the Money Coming

Remittances or private money transfers from non-resident Indians (NRIs) have been rising steadily despite a slowdown of the global economy and have become a more reliable source of funds for many Indian families compared with the tangible volume and benefits of foreign direct investment (FDI). Official data for the past three years show that while…

Hike FDI in Telecom Sector to 100% – Parekh panel

A high-level committee, headed by HDFC Chairman Deepak Parekh, has submitted its interim report to Prime Minister Manmohan Singh on reforms and suggestions on how to find the funding needed for the infrastructure sector, estimated  at close to $1 trillion or Rs. 1 lakh crores during the current five-year plan for the economy. The Parekh…

FDI surpasses $10 billion in the first quarter

India is fast catching up with China in the flow of foreign direct investment (FDI) as capital inflows through this route has crossed $10 billion in the first quarter of this fiscal. FDI in the first quarter of the financial year 2009 has far exceeded the total FDI flows received by the domestic economy in…

India Business Updates

India Inc’s M&A bill crosses $50 billion in 07 Merger and acquisitions are set to become one of the most important trends of 2007 for India Inc, with the total deal value crossing 50-billion dollar mark with one more month still to go. According to data compiled by international consultancy major Grant Thornton, India Inc…