Seoul, July 3 (IANS) Seoul stocks traded higher late on Friday morning in choppy trading as investors snapped up bargain-priced semiconductor shares following the previous session’s sharp sell-off.After opening 1.2 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended its gains, rising 163.52 points, or 2.11 percent, to 7,809.61 as of 11:20 am, reports Yonhap news agency.The index plunged 7.89 percent the previous session, dragged by a heavy sell-off in Samsung Electro…
Latest Foreign Direct Investment News & Updates
New Delhi, June 30 (IANS) Pakistan’s foreign direct investment (FDI) fell 28 per cent during the first 11 months of FY26 as persistent regional uncertainty and geopolitical tensions continued to weigh on investor sentiment, a report has said.The report published in Dawn showed that regional instability has negatively impacted Pakistan’s domestic bond and equity markets, with uncertainty prompting foreign investors to stay away despite an improvement in the country’s foreign exchange reserves and…
Athens/New Delhi, June 29 (IANS) India offers immense opportunities for Greek businesses to invest, collaborate, and expand, Union Commerce and Industry Minister Piyush Goyal said on Monday.Addressing business leaders, Goyal said India continues to maintain strong economic growth amid global headwinds and has emerged as a reliable partner offering scale, talent, and youthful energy.He emphasised that India serves as a gateway to the Indo-Pacific region, Asia, and Africa, providing competitive an…
New Delhi, June 29 (IANS) The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act (FEMA), in the case of Touras India Private Limited, which has resulted in the termination of proceedings against the company for contraventions of the law’s provisions with a one-time payment of Rs 26,950, according to a statement issued by the Directorate of Enforcement (ED) on MondayThe order has been passed by the RBI after issuance of a “no objecti…
New Delhi, June 29 (IANS) The Department of Pharmaceuticals has invited applications under the Scheme for Strengthening of Medical Device Industry (SMDI) to promote domestic manufacturing, reduce import dependence, support innovation and increase the depth of value chains in the medical devices sector, an official statement said on Monday.The statement from the Ministry of Chemicals and Fertilizers said applications are open under two sub‑schemes — the Marginal Investment Scheme for Reducing …
Mumbai, June 24 (IANS) Maharashtra Industries Minister Uday Samant on Wednesday presented a Bill in the State Legislative Assembly to drastically expand the borrowing capacity of the Maharashtra Industrial Development Corporation (MIDC), officials said. The proposed amendment to the Maharashtra Industrial Development Act, 1961, lifts the corporation’s decades-old borrowing cap from a meagre Rs 75 crore to a massive Rs 6,000 crore. The Bill is expected to come up for discussion on Thursday in the…
Kathmandu, June 12 (IANS) Just a week after returning from India, Nepal’s Foreign Minister Shishir Khanal is now set to pay an official visit to China from June 14 to 17, the two countries announced on Friday.The foreign ministries of both countries said in separate statements that Khanal will undertake the four-day visit to Beijing at the invitation of Chinese Foreign Minister Wang Yi, who is also a member of the Political Bureau of the Communist Party of China Central Committee.”Minister Khana…
New Delhi, June 11 (IANS) Highlighting Maharashtra’s role as the nation’s economic powerhouse, contributing 14% to the national GDP, Chief Minister Devendra Fadnavis on Thursday unveiled the comprehensive “Viksit Maharashtra 2047” vision document at the 11th Governing Council meeting of NITI Aayog on Thursday. He emphasised that while physical infrastructure creates opportunities, it is the state’s human capital that will drive India toward its target of becoming a developed nation (“Viksit Bh…
New Delhi, June 10 (IANS) India has witnessed strong and broad-based economic transformation over the past 12 years, with major gains across growth, manufacturing, services, external sector performance and investment climate, ASSOCHAM President Nirmal K Minda said on Wednesday.Congratulating Prime Minister Narendra Modi on becoming the longest-serving Prime Minister of India, Minda said the country has achieved multiple milestones under his leadership.“Our economy’s growth fundamentals have …
Mumbai, June 5 (IANS) India’s foreign exchange reserves rose by $938 million to $682.321 billion in the week ended May 28, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The country’s forex reserves had fallen by $7.511 billion to $681.384 billion in the preceding reporting week.Despite the recent volatility, India’s reserves remain among the highest globally, although they are below the record high of $728.494 billion…