FDI

PM Modi's recent visit to Japan for the G7 Hiroshima Summit 2023 is regarded as a significant milestone in India's economic transformation. (Image: Reuters)Japan has been actively encouraging its companies to relocate their manufacturing…

Mitsubishi Electric Corporation, the 102-year-old Japanese firm, will be investing $236 million (Rs 1,891 crore) to set up a facility in India to manufacture room air-conditioners and compressors. The foundation stone for the factory was…

Hours after the ED said it has conducted searches and seizure action at three premises of edtech major Byju’s in Bengaluru under provisions of the Foreign Exchange Management Act (FEMA), founder and CEOByju Raveendran wrote a mail to…

After financial crime-fighting agency ED searched Byju's premises, the education platform's CEO Byju Raveendran wrote to employees saying the company brought more FDI to India than any other startup and that the firm fully complies with…

File photo of Byju’s founder Raveendran Byju. The education platform’s CEO in an internal memo said Byju’s has satisfactorily done due diligence on all FEMA operations and is “confident that the authorities will also come to the same…

In the internal memo, Raveendran said that the company had sent some money overseas to fund its international acquisitions. Byju's was once valued at USD 22 billion and has attracted global investors such as General Atlantic, BlackRock and…

Observing that the more India grows, the better it is for India, for the United States, and for the world, Biden Administration’s point person for South Asia on Thursday said that the US wants to be part of New Delhi’s economic miracle.One…

NEW DELHI: E-commerce marketplaces like Amazon, Flipkart and Snapdeal are lobbying to ensure that they are not mandated to bear the responsibility for any fraudulent activity undertaken by sellers registered with their platforms.These…

The information and broadcasting industry received foreign direct investment (FDI) of ₹1,535.2 crore during the quarter ended December 2022, data from the Department for Promotion of Industry and Internal Trade (DPIIT) shows. Of this…

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