OMRON, a front-runner in Â‘Sensing & Control ThinkÂ’ technologies, is all geared up to expand its presence in the smart energy segment in India. The company has updated its portfolio with an array of unique and innovative solutions to cater to some of the critical needs faced by utilities in the sector in the country.
The control over price and distribution of cement has been removed since 1989. The industry was de-licensed in 1991 under the policy of economic liberalisation. Cement has also been removed from the list of essential commodities. Thus, presently the prices of cement are governed by the market forces of demand and supply.
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing definition of "control" under the FDI policy. The revised definition will be as follows: Until now, the definition of "control", in the extant FDI policy is as under: "A company is considered as "controlled" by resident Indian citizens if the resident India
The union cabinet approved the alignment of the definition of "control" under the foreign direct investment (FDI) policy with the definitions under the guidelines of Securities and Exchange Board of India and Companies Bill 2012. Accordingly, under the FDI policy, 'control' would be defined as "the right to appoint a majority of the directors or to control the management or policy dec
Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same. Recently, Commerce and Industry Minister Anand Sharma has reportedly discussed the issue with Finance Minister P Chidambaram. After the meeting, Sharma said the g
In an interview to a leading newspaper, Union Commerce Minister Anand Sharma that the proposed changes in the definition of foreign Â‘control and ownershipÂ’ would be applicable prospectively. Applying the proposed change in definition is necessary to protect the interest of foreign companies that entered into joint-ventures, partnerships or inves
The Union government is considering giving the management control of the new Kolkata and Chennai airports, built by the Airports Authority of India, to global operators through a competitive bidding process.
The Union Civil Aviation Minister Ajit Singh said on March 26 that the AAI could set up joint ventures with major foreign airport operators to carry out operations and management of these two crucial metro airports.
UTC Fire & Security India Ltd has opened a new world class fire suppression systems factory in Bangalore. UTC Fire & Security is a global leader in fire safety and electronic security solutions and is a unit of United Technologies Corp.