Posts Tagged ‘Foreign Investment India’

COMPAREX Acquires Indian Software and Services Expert IRIS Unified Technologies Pvt. Ltd.

Comments Off | 10-18-2011

LEIPZIG, GERMANY–(Marketwire – October 18, 2011) – The COMPAREX Group has taken another strategic step forward in pursuit of its international growth strategy by acquiring Indian software consulting and technology services specialist IRIS Unified Technologies Pvt. Ltd. The acquisition, closed on October 14th, follows the foundation by COMPAREX of an Indian subsidiary in Delhi earlier

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India and Philippines to Sign DTAA Soon: FM

Comments Off | 10-18-2011

Union Finance Minister Shri Pranab Mukherjee said that there is a need for transparent arrangement with a legal framework for exchange of information between India and Philippines relating to banking and tax related matters. The Finance Minister Shri Mukherjee raised this issue during his bilateral meeting with his Philippines’ counterpart Mr. Cesar V. Purisima when

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Policy for Acquisition of Raw Material Assets abroad by Central Public Sector Enterprises (CPSEs) approved

Comments Off | 10-14-2011

The Cabinet today approved the policy for acquisition of raw material assets abroad by Central Public Sector Enterprises (CPSEs).
The main features of the policy are as under:
• The following will be applicable to CPSEs in Agriculture, Mining, Manufacturing and Electricity sectors having a three year record of making net profits.
• CPSEs will examine proposals, undertake

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Need to Strike A Balance between the needs of A Growing Economy and the interest of Workers: Dr. Manmohan Singh

Comments Off | 10-14-2011

Prime Minister Dr. Manmohan Singh today presented Shram Awards for the year 2008, 2009 and 2010 to the winners for their skills, craftsmanship, efficiency and excellence in their works at a function organised herein Vigyan Bhawan, New Delhi. Speaking on the occasion he said healthy worker- management relations are fundamental to industrial progress and development.

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FM to Leave for Three Day Visit to Paris Today to Attend G-20 Finance Ministers’ Meet; to Raise the Issue of Exchange of Information Among the Countries Concerned to Fight Against the Menace of Blackmoney and Terror Financing

Comments Off | 10-14-2011

The Union Finance Minister Shri Pranab Mukherjee is likely to raise the issue of exchange of information among different countries to fight against the menace of blackmoney and terror financing. Tax evasion and illicit flows have posed serious challenges to the world economy. Shri Mukherjee may impress on G-20 member countries to start exchanging information

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Proposal to bring India Infrastructure Finance Company Ltd. under regulatory oversight of Reserve Bank of India approved

Comments Off | 10-14-2011

The Union Cabinet today approved the proposals to bring India Infrastructure Finance Company Ltd. (IIFCL) under regulatory oversight of Reserve Bank of India, to enhance its professional capability and to increase its capital base.
The details are as follows:
1. IIFCL to be brought under the regulatory oversight of RBI byregistering it as an Non-Banking Finance Company–

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Railway Revenue Earnings up by 10.40 per cent during April- September 2011

Comments Off | 10-8-2011

The total approximate earnings of Indian Railways on originating basis during 1st April – 30th September 2011 were Rs. 48947.17 crore compared to Rs. 44337.86 crore during the same period last year, registering an increase of 10.40 per cent.
The total goods earnings have gone up from Rs. 29448.55 crore during 1st April – 30th September

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MOIL Enters Fortune 500 Companies List

Comments Off | 10-8-2011

MOIL has earned a rare honour of entering into the list of FORTUNE 500 companies in India. It has been ranked 486th position among the 500 top companies in India and 9th in the Mines and Metals Sector.
MOIL’s (earlier known as Manganese Ore (India) Limited) shares have been formally listed in Mumbai Stock Exchange and

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Export incentives to be announced soon: Anand Sharma

Comments Off | 10-8-2011

Shri Anand Sharma the Union Minister of Commerce, Industry & Textiles today chaired the interaction with FIEO and all Export Promotion Councils and commodity Boards here today. Shri Sharma in his opening remark said, “the purpose of today’s consultation is to conclude the process which DGFT & Commerce Secretary have been doing throughout the year

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Japan and India’s Joint Projects in Bio-Technology and Life Sciences

Comments Off | 10-8-2011

Dr.Ashwani Kumar, Minister of State for Science and Technology, Earth Sciences and Planning and Japanese Senior Vice Minister of the Ministry of Economy, Trade and Industry, Mr.Seishu Makiano discussed about bio-technology, nanotechnology and life sciences projects. Dr Ashwani Kumar who is on an official visit to Japan met Mr.Seishu Makiano yesterday at Tokyo. He informed

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