India will continue to attract high foreign investments: Goyal

Commerce and Industry Minister Piyush Goyal expressed confidence that India will continue to attract high foreign direct investment (FDIs) in the current financial year. Continue Reading

Comply with 26% FDI cap, govt tells digital media companies

The Union government has released a set of clarifications that shed more light on its decision last year to impose a foreign direct investment (FDI) cap of 26 per cent for digital media companies that upload or stream news and current affairs. Continue Reading

FDI growth in India grew 15% to $26 billion

Foreign direct investment into India grew 15 percent to $26 billion during the first half of the current financial year, according to government data. Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at $22.66 billion. Sectors, which attracted maximum foreign inflows during April-September 2019-20, include services ($4.45 billion), computer software and hardware ($4 billion), telecommunications ($4.28 billion), automobile ($2.13 billion) and trading ($2.14 billion), the commerce and industry ministry data showed. Continue Reading