Archive for the ‘FDI Statistics India’ Category

Export of Food Products

Comments Off | 09-4-2012

In view of adequate availability Government has permitted export of Non Basmati Rice, Wheat, Onion, and certain Milk products, which were banned during the last few years. Details are as under:
Non Basmati Rice: Government has permitted export of non-basmati rice through Notification No. 71 dated 09.09.2011. Its export was prohibited since October, 2007.
Wheat: Government has

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NSIC signs MoU with Indian Ministry of Micro, Small & Medium Enterprises

Comments Off | 03-24-2012

National Small Industries Corporation (NSIC) signed an Memorandum of Understanding (MoU) with Ministry of Micro, Small and Medium Enterprises (MSMEs). The Memorandum of Understanding for the year 2012-13 was signed by Dr. H. P. Kumar, CMD, NSIC with Shri R. K. Mathur Secretary, MSME. On the occasion Shri Mathur said, “I am happy that MoU

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German based Henkel AG mulling sell of its stake in its subsidiary Henkel India

Comments Off | 01-24-2011

Henkel AG, the Germany based FMCG firm, is mulling the sale of its stake in Henkel India, its subsidiary in the Indian subcontinent, the times of India reported. According to the reports, Henkel AG may be mulling to divest either part of the stake or offload its entire stake in the subsidiary. Henkel India is

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Pearson increases its stake in Bangalore India based TutorVista to 76 per cent

Comments Off | 01-20-2011

Pearson has increased its shareholding in Bangalore based TutorVista to a majority 76% controlling stake. Pearson, the world’s leading learning company, undertook the stake investment for a consideration of $127 million. Pearson first acquired a minority stake in TutorVista in June 2009, with this transaction hiking its total equity investment in the Indian firm to

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Bosch Group plans to invest Rs 2,300 crore in India over the next three years

Comments Off | 01-3-2011

Bosch Group is to invest Rs 2,300 crore in India in the coming three years, reported the firm. Bosch Group is a supplier of technology and services to original equipment manufacturers (OEMs) in the automobile sector. According to its plans, the company is keen on introducing new technology-driven products in all its business areas such

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India FDI performs impressively in IBM Global Business Services report

Comments Off | 12-31-2010

India fell one place to Philippines for business support functions (such as shared services and business process outsourcing) in the global ranking, after having challenged the top position for several years, revealed an IBM report. This is the first time that India is not in the leading position for these activities.
According to the report, the

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Worthington Industries Inc’s unit joint venture with India’s Nitin Cylinders Limited

Comments Off | 12-24-2010

Worthington Industries, Inc. Thursday announced that its Worthington Cylinders segment has entered into an agreement to acquire a 60 per cent interest in India’s Nitin Cylinders Limited. Nitin Cylinders Limited (NCL) is located in Visakhapatnam, India, and the move is expected to expand Worthington’s presence in the growing alternative fuels cylinder market.
NCL is a subsidiary

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Banco Bilbao Vizcaya Argentaria to acquire 51% stake in India’s Bank of Baroda’s (BoB) credit card arm

Comments Off | 12-17-2010

Banco Bilbao Vizcaya Argentaria (BBVA) and Bank of Baroda (BoB) have today signed a Memorandum of Understanding (MOU) to form a joint venture in credit card business. Upon regulatory approval, BBVA will acquire a 51% stake in the existing credit card unit of Bank of Baroda, BOBCARDS, by investing a total amount of 34 million

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SMIT Salvage acquires two ship salvage contracts in India

Comments Off | 12-7-2010

SMIT Salvage, a wholly owned subsidiary of Royal Boskalis Westminster N.V., announced Monday it had acquired two ship salvage contracts in India. The combined value of the contracts is approximately € 50 million. The first assignment involves the refloating of a container vessel off the western coast of India.
The vessel was involved in a collision

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Dewan Housing Finance Corporation likely to acquire Deutsche Postbank Home Finance

Comments Off | 12-1-2010

Dewan Housing Finance Corporation (DHFL) may be in line to acquire Deutsche Postbank Home Finance (DPHF). The firm is a favorite for the acquisition of Deutsche Postbank Home Finance, previously known as Birla Home Finance Ltd. Dewan Housing Finance Corporation is controlled by the Wadhawan family and will undertake the acquisition for around $240 million,

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