Archive for December, 2009

FDI inflows soar 60% in Nov at $1.74 b

India attracted foreign direct investment (FDI) inflows of $1.74 billion during November 2009, a 60 per cent increase over the $1.08 billion notched in same month last year.
Clarity in rules
To give a further fillip to FDI, the Minister of Commerce and Industry, Mr Anand Sharma, has released a draft document that consolidates foreign investment policy [...]

IPOs: promoters garner Rs 20k cr

NEW DELHI: It’s called initial public offer, but it was promoters who walked away with a lion’s share in this market during 2009, when they sold shares worth about Rs 20,000 crore in their companies to the public shareholders.
Although the amount raised by promoters was also not as big as that in past few years, [...]