Invest in India News

  • Promote new & renewable energy to ensure energy security, to protect climate & to reduce pollution: Vice President

    Encourage environment friendly modes of transport;

    Educate common man on the need to cut down GHG emissions & use RNE;

    Electricity key to development; address with pilferages in transmission & distribution on war footing;

    Inaugurates GRIDTECH 2019 - International Exhibition and Conference

  • Indian Advance Pricing Agreement regime moves forward with signing of 18 APAs by CBDT in March, 2019

    The Central Board of Direct Taxes (CBDT) has entered into 18 APAs in the month of March 2019, which includes 03 Bilateral APAs (BAPAs). With the signing of these APAs, the total number of APAs entered into by the CBDT in the year 2018-19 stands at 52, which includes 11 BAPAs. The total number of APAs entered into by the CBDT as of now stands at 271, which inter alia includes 31 BAPAs.

  • Thales India headcount almost triples in India to 1,150

    Thales India headcount almost triples in India to 1,150 PTI | Apr 2, 2019, 08.34 PM IST Printed from New Delhi, Apr 2 () Rafale vendor Thales Tuesday said its headcount in India has increased by almost three times to 1,150 following the acquisition of digital security firm Gemalto.

  • Wipro's Workday, Cornerstone On Demand biz sale almost complete

    New Delhi, Indian IT major Wipro Tuesday said its divestment of Workday and Cornerstone On Demand business to Illinois-based Alight has been almost completed and it has received USD 95.27 million from the transaction.

    In February, Wipro had said it would sell its Workday and Cornerstone On Demand business to Alight for cash consideration of up to USD 110 million.

  • Lavelle Networks raises $2 mn

    New Delhi, Apr 2 () Technology firm Lavelle Networks Tuesday said it has raised USD 2 million in funding led by Your Nest Venture Capital.

    A funding also saw participation from Ideaspring Capital, KAAJ Ventures (B V Jagadeesh), and ASM Technologies Ltd.

  • RBI to buy $5bn from banks to infuse liquidity

    Mumbai: The Reserve Bank of India (RBI) on Monday said that it would launch an auction to buy dollars worth $5 billion on April 23, the second in as many months, to infuse liquidity into the system. The first one was launched on March 26 for the same amount in which banks had offered about $16.3 billion to the central bank.

  • 3-bank merger: BoB will be net job creator, says CEO PS Jayakumar

    MUMBAI: The complete integration of Dena Bank and Vijaya Bank with Bank of Baroda (BoB) is expected to take nearly 18 months. But customers will reap the benefits much earlier. BoB will be providing cash deposit and withdrawal facility in all branches by May. In an interview with TOI, BoB MD & CEO PS Jayakumar speaks of what customers, employees and investors can expect. Excerpts:

    What is the timeline for the integration?

  • Auto companies see tough times ahead on slowing demand

    NEW DELHI: Lower demand in rural markets slowed down the auto industry towards the end of 2018-19 as car, SUV and twowheeler makers faced tough times, with the outlook looking more challenging over the coming months.

    Top companies such as Maruti, Hyundai, Mahindra &Mahindra, Toyota and Honda managed a single-digit growth for the entire financial year, and sales for some of them have been in the negative zone in the last few months.

  • Kotak Bank first lender to charge for UPI use

    BENGALURU: Unified Payments Interface (UPI), which has been leading the digital payments push since demonetisation, will no longer be free to use for peer-to-peer (P2P) transactions as Kotak Mahindra Bank has become the first lender to charge beyond a monthly limit of 30 transactions from May.

  • Vijaya and Dena make BoB 2nd largest PSB

    MUMBAI: With Dena and Vijaya banks merging into Bank of Baroda (BoB) from April 1, the state-owned institution has consolidated its position as the second-largest public sector lender on all fronts after SBI. The bank now has a balance sheet of over Rs 15 lakh crore, 9,500 branches and 13,400 ATMs.

  • Tax refund in the works for exports to US

    NEW DELHI: The government is considering a scheme to refund taxes imposed on India’s exports to the US that will suffer loss of competitiveness once the concessional duties enjoyed under the Generalised System of Preferences (GSP) are withdrawn. 

  • Bachchans ride Bitcoin wave; $250,000 investment in Ziddu swells to $17.5mn

    MUMBAI: Big B is at the crest of a Bitcoin wave which few — least of all the Bollywood men — had probably ever imagined.
    The cryptocurrency mania that has gripped Wall Street and many financial markets across the world has driven up the value of a stock investment by the Bachchan family from $250,000 to $17.5 million in two and a half years.

  • Markets open on all-time high, Sensex inches towards 34,000-mark

    NEW DELHI: The stock market on Wednesday once again opened on a positive note as both Sensex and Niftystarted the day on all-time highs.

  • Startups cry foul over I-T dept notices on angel investor tax

    BENGALURU: Startups that have raised that angel investments continue to receive income tax (I-T) notices which they insist are based on unfair assessments, and which force them to spend an inordinate amount of time and resources responding to and appealing against.

  • Promotion of Cottage Industries

    The Cottage Industries play an important role in the Indian Economy and generation of employment opportunities to the unemployed youth of the Country. Cottage Industries not only play a crucial role in providing large employment opportunities but also help in Industrialization of rural and backward areas of the country thereby reducing the regional imbalance, assuring more equitable distribution of national income and wealth. It also contributes enormously to the socio economic development of the country.