The US removed India from its list of developing countries that are exempt from investigations into whether they harm American industry with unfairly subsidized exports.
Asian Infrastructure Investment Bank (AIIB) provided to extend a $3 billion loan to Andhra Pradesh for upliftment projects.
PhonePe says it will by the end of this year create an Automated Teller Machine (ATM) network of 2 million users, helping the Walmart-owned service to fight rivals Alibaba-backed Paytm, Google Pay and Amazon Pay.
Fintech start-up Instamojo has obtained GetMeAShop, a digital commerce platform for MSMEs, for $5 million in an equity deal.
Tech Mahindra and the Telangana government have introduced T-Block Accelerator, the maiden accelerator programme for the newly-made Telangana ‘Blockchain District’.
HCL Technologies stated it has entered into a pact with Sri Lanka’s Board of Investment for setting up a universal delivery Centre in Colombo.
Amazon India has tied up with the Eastern Railway to set up a pick-up kiosk (for packages) at Sealdah Railway Station in Kolkata.
The forex reserves of India are comfortably placed at USD 461.2 billion, says the Economic Survey 2019-20, presented by Finance and Corporate Affairs Minister Nirmala Sitharaman.
After China, India is ranked as the second largest emerging Green Bond Market by Economic Survey. India also joined IPSF( International Platform on Sustainable Finance ) in 2019 to measure environmentally sustainable investments.
Foreign portfolio investors have infused a net sum of Rs 1,624 crore into the domestic capital markets in January so far. As per latest depositories data, Foreign portfolio investors put-in a net of 13,304 crore rupees, in equities and withdrew a net 11,680 crore rupees from the debt segment between January 1 and 24. This translates into a total net inflow of 1,624 crore.
The latest investments came despite challenges such as enhanced geopolitical tension between the US and Iran and dwindling domestic economic growth. On the domestic front there are some signs of India shaking away the slowdown with business activity picking up and this is reflecting in the investments coming into equities. Besides, after the limit to which FPIs can invest in debt instruments has been increased, more inflows into the debt category can be expected.