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Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail

Monday, August 30: The Consumer Affairs Ministry has given the green signal to allow 49 per cent FDI in multi-brand retail. It has written a letter to this effect to the Commerce Ministry. India currently allows 100 per cent FDI in cash-and-carry operation ...

Global Commercial Real Estate to Touch $300-bn Mark

Friday, August 27: Reflecting improved investor confidence, investment in commercial real estate globally is expected to witness a “healthy” growth of 40-50 per cent to $300 billion in the current year, says a report....

Govt to Allow Foreigners Set up LLP in Sectors Where 100% FDI is Allowed

Wednesday, August 25: The government may soon allow foreigners to set up limited liability partnerships in sectors where 100% foreign investment is allowed, taking a decisive step after much flip-flop over funding guidelines for this form of business organisation...

FDI in India’s Booming Real Estate Jumps 80 Folds

Monday, August 23: Foreign direct investment (FDI) in India’s booming real estate and housing market jumped 80 times between 2005 and 2010. Figures obtained by TOI show that in 2005, FDI in real estate was a mere Rs 171 crore. That soared to Rs 13,586 crore in 2009-10. In April and May this year, Rs 737 crore in FDI was pumped into the sector...

Mumbai Sees Biggest Real Estate Deal

Tuesday, August 10: India’s biggest real estate deal took place on Friday evening, with the National Textile Corporation (NTC) limited selling eight acres of Bharat Mills at Worli, for a whopping ` 1505 crore, meaning a single acre went for 188 crore. ...

European Union Asks India to Further Liberalise FDI Norms

Monday, August 02: The European Union July 23 asked India to further open its economy for foreign investments even as the country has taken tentative steps towards liberalizing FDI in sensitive defense and multi-brand retail sectors. “We would like India to further open its economy to EU investments,” the Head of the Delegation of the EU to India...

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