AIIB approves $150 million equity investment in India

download (1).jpgSource: The Economic Times, June 15, 2017

BEIJING: The Asian Infrastructure Investment Bank (AIIB) on Thursday approved its first-ever equity investment, worth $150 million, to catalyze private capital for infrastructure projects in India.

The investment will go to the India Infrastructure Fund, which aims to invest in mid-cap infrastructure companies in India, Xinhua news agency quoted an AIIB press release as saying.

Read the rest of this entry »

Hyderabad tops realty investment destination list in APAC

Source: IBEF.org, June 15, 2017

New Delhi:Led by Hyderabad, six Indian cities including the national capital and Mumbai are among top 10 investment destinations in the realty sector in the Asia Pacific region, owing to growth prospects in commercial office activity, says property consultant Cushman & Wakefield.

While Hyderabad emerged as the number one on destination in the region, Bengaluru and Mumbai were ranked sixth and seventh respectively, as per the report, ‘Betting on Asia Pacific’s Next Core Cities’.

Pune, Chennai and New Delhi were at eighth, ninth and tenth positions.

Read the rest of this entry »

India’s strong growth offers opportunities for Spanish firms: PM Narendra Modi

indexSource : Economic Times 2 June 2017

MADRID: It is a great time for Spanish firms to invest in India whose strong economic growth offers “many opportunities” for them in fields of infrastructure, defence, tourism and energy, Prime Minister Narendra Modi said today.

Modi, the first Indian prime minister to visit Spain since 1992, said India and Spain maintain close and cordial relations and he sees great potential in this collaboration.

“The strong economic growth of India offers many opportunities for Spanish companies,” Modi told Spanish daily Expansion in an interview.

Read the rest of this entry »

Govt steps up vigil on bitcoin transactions

images.jpgSource :Livemint 31 May 2017

New Delhi: The government is keeping a close watch on companies dealing with bitcoins to ensure that such transactions are not used to collect funds from gullible public. Bitcoin—a virtual currency whose value has been soaring in international markets in recent months—is yet to be brought under any regulatory framework in India.

The corporate affairs ministry is now keeping a close watch on companies as to whether they are getting into bitcoin transactions. The ministry, which implements the companies law, has instructed the Serious Fraud Investigation Office (SFIO), regional directors as well as the Registrar of Companies to gather details about firms involved in bitcoin dealings, according to a recent communication. The SFIO comes under the ministry.

Read the rest of this entry »

India waiting with open arms for German investments: Prime Minister Narendra Modi

index.jpgsource : Economic Times 31 May 2017

BERLIN: Prime Minister Narendra Modi today called on “more and more German companies” to invest in India even as the speedy conclusion of an India-EU free trade agreement (FTA) was the focus on the German side.

Highlighting the huge potential that remains untapped in the economic partnership during his inaugural address at the Indo-German Business Summit here, Modi said India will welcome German companies with open arms.

Read the rest of this entry »

India, Japan come up with AAGC to counter China’s OBOR

Source : Economic Times 26 May 2017

NEW DELHI: India on Thursday launched a vision document for Asia-Africa Growth Corridor (AAGC) at the ongoing African Development Bank meeting in Gujarat. The initiative, which comes amid China’s mega One Belt One Road project to connect Asia with Africa, is a joint vision of Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe. It aims for Indo-Japanese collaboration to develop quality infrastructure in Africa, complemented by digital connectivity.

The AAGC, based on India’s decades old goodwill in Africa and Japan’s financial resources, aims to be an efficient and sustainable mechanism for linking economies, industries and institutions, ideas and people among, and between, Africa and Asia in an inclusive fashion. There is still vast and untapped potential among, and in between, Asia and Africa, which needs to be explored for shared growth, development, peace, prosperity and stability of these regions, officials said.

Read the rest of this entry »

Warren Buffett says India’s potential is incredible, open to investing

download (3).jpgSource : Financial Express 8 May 2017

Berkshire Hathaway Inc chairman said India is a huge and enormous market for anyone to ignore.Legendary investor Warren Buffett has said that potential for India is incredible currently and he will invest in good businesses in the country. He said this while giving an interview to ET Now after Berkshire Hathaway’s annual general meeting. He further added India is a huge and enormous market for anyone to ignore. Emphasising on investing in good companies, Buffett made it clear that he will buy a company in India which is a good value company and is on sale. Buffet, who was all gung-ho about India, said that India has a terrific future due to the brain power it has and future generations in India will live better than the current.

Read the rest of this entry »