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Lucknow, September 3: Uttar Pradesh Chief Minister Yogi Adityanath's government has launched an extensive campaign to position the state as a global investment hub. With a strong emphasis on attracting foreign capital, the state is implementing the China+1 strategy, engaging with over 200 international companies to date. To turn these opportunities into reality, the government is collaborating closely with Indian embassies and various global institutions. As a result, investor confidence in Utt ...Read More >
The Enforcement Directorate searched real estate company BPTP in Delhi-NCR. The searches relate to a foreign exchange violation case. The case involves funds of about Rs 500 crore. BPTP allegedly received foreign investment from Mauritius. This investment occurred during 2007-2008. The investment contravened FEMA rules. CMD Kabul Chawla allegedly held foreign assets anonymously. The Enforcement Directorate (ED) on Tuesday searched premises related to real estate company BPTP across the Delhi-NC ...Read More >
Goyal issued a direct call to action, urging the industry to invest heavily in domestic manufacturing and R&D to produce next-generation medical devices in India. Urging the need to set bold goals for growth, Union Minister of Commerce & Industry Piyush Goyal on Friday said that the MedTech sector is a natural candidate for Atmanirbharata and self-reliance. Speaking at the 17th CII Global MedTech Summit 2025 in New Delhi, the Minister urged the industry to use the government's Research, Develo ...Read More >
New Delhi, Aug 29 (SocialNews.XYZ) The Enforcement Directorate, Gurugram office carried out search operations on August 26-27 under the provisions of Foreign Exchange Management Act (FEMA), 1999 at multiple locations in Delhi-NCR and Noida in connection with FEMA investigation against M/s BPTP Ltd. (formerly M/s. Business Park Town Planners Private Limited), a real estate company based in Faridabad, Haryana. The search operations were carried out at the offices of M/s BPTP Ltd. and the residenc ...Read More >
New Delhi, Aug 26 (PTI) The Enforcement Directorate (ED) on August 26 searched premises related to real estate company BPTP across the Delhi-NCR region as part of a foreign exchange violation case involving funds of about ₹500 crore, official sources said. Locations of the Business Parks Town Planners Private Limited (BPTP) in Delhi, Noida and Faridabad were searched under the provisions of the Foreign Exchange Management Act (FEMA), they said. A probe found that BPTP received foreign investme ...Read More >
Kolkata: Equity investment on foreign shores by Indian companies reduced by 22% in July as compared with the same month last year, Reserve Bank of India data showed. India Inc invested $1.592 billion in overseas companies in July against 2.047 billion in the year ago period. Their equity investment was at $2.098 billion in June. The fall in investment volume was seen amid a tighter regulation on outward foreign direct investment. The RBI told compliance heads of banks to inform their corporate ...Read More >
New Delhi, Aug 18 (SocialNews.XYZ) India remained a strong magnet for long-term investors in FY25, with sovereign wealth funds (SWFs) infusing a net Rs 8,426 crore into the country, the Parliament was informed on Monday. The steady inflows underline global investors' confidence in India's growth story. In FY24, the funds had brought in a much higher Rs 47,604 crore, while FY23 had also witnessed solid inflows of Rs 15,446 crore, Union Finance Minister Nirmala Sitharaman said in a written reply ...Read More >
New Delhi [India], August 14 (ANI): Foreign capital inflows into India are likely to accelerate following S&P recent credit rating upgrade, which is also expected to lower borrowing costs for the country, said Sonal Badhan, Economist at Bank of Baroda (BoB). In both the short and long term, foreign capital inflows can be expected to be impacted positively, as the upgrade reaffirms trust in India ound fundamentals and growth momentum. We are likely to see higher FPI inflows this year and a decli ...Read More >
NEW DELHI: S&P Global Ratings on Thursday raised India's long-term sovereign credit rating to BBB from BBB-, citing stronger macroeconomic fundamentals, including economic resilience, sustained fiscal consolidation, and a policy environment conducive to controlling inflation. The upgrade moves India one notch higher within the investment-grade category, a shift that could lower borrowing costs and lift investor sentiment. S&P said continued reforms, fiscal discipline, and infrastructure invest ...Read More >
Despite US President Trump's "dead economy" remark, international agencies like the IMF project India as the fastest-growing major economy. Experts highlight India's dynamic economy, youthful population, and technological prowess, attracting foreign investment and talent. The IMF commends India's prudent policies and forecasts strong growth for 2025 and 2026, supported by other global institutions. With leading international agencies, including IMF, continuing to project India as the fastest-gr ...Read More >
New Delhi [India], July 20 (ANI): Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research. The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025. Also Read | Uttarakhand Chopper Crash: AAIB Says Helicopter Tumbled Down Hill After Rotor Blade Hit Overhead Cable. "This is led by factors such as gains from strong equity markets and rising wage growth now plateauing after ...Read More >
New Delhi [India], July 20 (ANI): Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research. The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025. This is led by factors such as gains from strong equity markets and rising wage growth now plateauing after a strong run, the report added. India bank credit growth, which was 16 per cent a year ago, has now declined to 9 pe ...Read More >
India and the EFTA countries free trade agreement will be implemented from October 1. The agreement aims to boost trade and investment between India and Iceland, Liechtenstein, Norway, and Switzerland. EFTA has committed to invest USD 100 billion in India, creating one million direct jobs. India will lower or eliminate duties on some EFTA products. The free trade agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piy ...Read More >
Mumbai, Jul 19 (PTI) India remains a key destination for overseas investments and is likely to attract USD 100 billion in foreign direct investments (FDIs) from the four-nation European bloc EFTA, Union Commerce and Industry Minister Piyush Goyal said on Saturday. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Speaking at an Assocham Managing Committee meeting here, Goyal also emphasised the need to stay competitive. Earlier, he said th ...Read More >
Patna, Jul 19 (PTI) The Bihar government on Saturday said that more than 12,000 new polling stations have been created in the state as per the recommendation of the Election Commission, as part of special intensive revision (SIR). According to a release issued by the election department, the total number of polling stations has risen to 90,712 from 77,895, after the establishment of 12,817 new ones. Of these, 12,479 polling stations have been set up "at the same building or premises housing th ...Read More >
Mumbai, Jul 19 (PTI) India remains a key destination for overseas investments and is likely to attract USD 100 billion in foreign direct investments (FDIs) from the four-nation European bloc EFTA, Union Commerce and Industry Minister Piyush Goyal said on Saturday. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Union Commerce Minister Piyush Goyal said on Saturday that the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) will officially come into effect on October 1, that would facilitate the creation of 1 million direct jobs in India. EFTA comprises Iceland, Liechtenstein, Norway, and Switzerland. The landmark pact, signed on March 10, 2024, is likely to unlock huge foreign direct investment (FDI) and deepen ...Read More >
Mumbai, July 19: Union Commerce Minister Piyush Goyal said on Saturday that the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) will officially come into effect on October 1, that would facilitate the creation of 1 million direct jobs in India. EFTA comprises Iceland, Liechtenstein, Norway, and Switzerland. The landmark pact, signed on March 10, 2024, is likely to unlock huge foreign direct investment (FDI) and deepen trade and economi ...Read More >
Mumbai (Maharashtra) [India], July 19, (ANI): The India-EFTA Trade and Economic Partnership Agreement (TEPA) will come into effect from October 1, Union Commerce and Industry Minister Piyush Goyal announced on Saturday. All countries have now ratified. Lodged their document with the repository, which was Norway, and from first October, EFTA will come into effect, Union Commerce and Industry Minister said while addressing the session Creating Global Impact Towards Viksit Bharat, organised by ASS ...Read More >
New Delhi, July 19 (SocialNews.XYZ) BJP spokesperson Sudhanshu Trivedi launched a scathing attack on the Gandhi family on Saturday, accusing them of shielding each other in corruption cases and questioning the constitutional propriety of Leader of the Opposition (LoP) in the Lok Sabha, Rahul Gandhi's recent tweet defending his brother-in-law Robert Vadra. Speaking to the media in New Delhi, Trivedi took a sharp dig at LoP Gandhi, saying, "He stood in support of his 'hardworking farmer' brother- ...Read More >
Mumbai (Maharashtra) [India], July 19, (ANI): The India-EFTA Trade and Economic Partnership Agreement (TEPA) will come into effect from October 1, Union Commerce and Industry Minister Piyush Goyal announced on Saturday. "All countries have now ratified. Lodged their document with the repository, which was Norway, and from first October, EFTA will come into effect," Union Commerce and Industry Minister said while addressing the session 'Creating Global Impact Towards Viksit Bharat', organised by ...Read More >
Madhya Pradesh is courting foreign investment in its tourism sector, with attractive incentives for Spanish investors. Offering concessional land and financial returns shows promising investment prospects. Additionally, the state is becoming a hub for film tourism and responsible tourism, providing numerous opportunities for international investors. Madhya Pradesh is stepping up efforts to attract foreign investment in the burgeoning tourism sector, with a particular emphasis on courting Spanis ...Read More >
Raghuram Rajan advises India to be cautious in trade talks with the US, particularly concerning agriculture. He suggests exploring foreign direct investment to enhance value addition in sectors like milk. Trade tensions pose challenges but also offer opportunities for India. Rajan notes India's economic growth is stable. He suggests reversing protectionism in certain sectors like car manufacturing to boost competition. New Delhi, India needs to be 'very careful and clever' while negotiating tra ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in ...Read More >
New Delhi: India needs to be 'very careful and clever' while negotiating trade agreements with the US, especially with regard to the agriculture sector, which is heavily subsidised by developed countries, former RBI Governor Raghuram Rajan said on Friday. In an interview with PTI Videos, Rajan said India's economic growth has sort of settled in the range of 6-7 per cent, and a fraction of percentage point may be affected by the global trade uncertainties. "I think where it is much more sort of ...Read More >
New Delhi: India remains one of the most compelling strategic locations within emerging markets, thanks to its economic resilience, reform momentum and robust domestic demand, private equity firm KKR said on Thursday. Despite a turbulent global environment, India's relative insulation from trade frictions, owing to its domestic consumer-driven economy and services-led exports, has kept its macroeconomic fundamentals strong, KKR said in its report titled Insights: Global Macro Trends July 2025 - ...Read More >
Mumbai: The first campus of the Indian Institute of Creative Technologies (IITC) was launched on Friday at the NFDC complex, Pedder Road, by chief minister Devendra Fadnavis in the presence of Union minister for railways, IT, Electronics, information & broadcasting Ashwini Vaishnaw. The centre aims to innovate, upscale the learning in graphics and cutting edge digital skills and make India the global hub for entertainment technology. The campus admissions for 17 courses have started and by Sep ...Read More >
Madhya Pradesh Chief Minister Mohan Yadav is currently visiting Spain. He highlights the shared cultural heritage of India and Spain. Yadav invites Spanish investment in Madhya Pradesh's growing sectors. He emphasizes the state's strategic location and industrial potential. Madhya Pradesh offers opportunities in minerals, tourism, pharmaceuticals, and technology. Madhya Pradesh Chief Minister Mohan Yadav on Wednesday said India and Spain are the carriers of two ancient civilisations and both co ...Read More >
NEW DELHI: The Unique Identification Authority of India has urged parents to update the Aadhaar biometrics of children between five and seven years."Timely completion of mandatory biometric update is an essential requirement for maintaining the accuracy and reliability of biometric data of children. If the MBU is not completed even after seven years of age, the Aadhaar number may be deactivated, as per the existing rules," the agency said in a statement.This is required to ensure seamless access ...Read More >
New Delhi: Describing former prime minister PV Narasimha Rao as a remarkable intellectual and visionary with a reformist zeal, Andhra Pradesh Chief Minister Nara Chandrababu Naidu on Tuesday said that PV transformed India's future, and everyone today was enjoying fruits of his far-reaching economic reforms. Delivering the lecture on "The Life and Legacy of PV Narasimha Rao" at the Prime Minister's Museum and Library here, Naidu recalled his warm and respectful relationship with PV Narasimha Rao ...Read More >
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