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Indian firms’ foreign investment trebles to $ 7.64 bn

Indian firms’ foreign investment trebles to $ 7.64 bn

During April, overseas direct investment by Indian companies trebled to $7.64 billion, from $1.89 billion in March. As many as 499 deals were carried out by the Indian companies during the first month of the current fiscal to carry out the outward foreign direct investment, data from the Reserve Bank showed on June 13. Bharti Airtel, ONGC Videsh, Suzlon Energy, GMR Infrastructure, Amtek Auto and Tractors and Farm Equipment were among the major companies that invested in their overseas arms durin

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Tadadi Port attracts 9 bidders

Tadadi Port attracts 9 bidders

Tadadi port has nine bidders that have already submitted their request for qualification (RFQ) to the government after the State Infrastructure Development Corporation (SIDC) proposed to build the port under Public Private Partnership (PPP).

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Privatisation plan revived

Privatisation plan revived

Union Coal Ministry has decided to renew a decade-old proposal of opening up the sector for private investors in order to boost production in the sector.

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OIL explores hydrocarbons

OIL explores hydrocarbons

Oil India (OIL) made its foray into the Cauvery Basin by initiating seismic surveys in its offshore block to locate possible areas for exploration of hydrocarbons.

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FTWZ: A game changer for India's logistics

FTWZ: A game changer for India's logistics

Logistics cost in India is approximately 14 per cent of GDP, while the number for most developed nations is about 9-10 per cent. On a 1.6 trillion GDP, this represents absolute value of inefficiency and therefore a logistics market potential of over $65 billion.

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