India has been our best market for investment in the world: Blackstone CEO

WASHINGTON: Prime Minister Narendra Modi had a productive meeting with Blackstone chief executive officer (CEO) Stephen Schwarzman as part of his meetings with the global CEOs for potential investment in India, sources said. Prime Minister Modi said that there is huge scope for further expansion of Blackstone’s partnership in India and elaborated on the reforms done in India, sources said. PM Modi specifically spoke about Asset Monetization and Bad Bank. According to sources, Schwarzman said that he is very optimistic about India’s potential and added that it is one of…

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Modi meets Adobe CEO Narayen, discusses company’s investment plans in India

Prime Minister Narendra Modi on Thursday met President and CEO of Adobe Shantanu Narayen and discussed the California-based software giant’s collaboration and future investment plans in India. The discussions between prime minister Modi and Narayen also focused on India’s flagship program Digital India, and the use of emerging technologies in sectors like health, education and R&D. Modi and Narayen both emphasized on creating few centers of excellence of Artificial Intelligence in India. They discussed Adobe’s ongoing collaboration and future investment plans in India. Discussions also focused on India’s flagship program…

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PM Modi meets American CEOs, pitches investment opportunities in India

Prime Minister Narendra Modi on Thursday, on the first day of a three-day US visit, met with Cristiano R Amon, President and Chief Executive Officer (CEO) of Qualcomm in Washington DC. Qualcomm is a US multinational corporation, which creates semiconductors, software and services related to wireless technology. Modi, who arrived in Washington, DC on Wednesday on an official visit to the US during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, held one-on-one meetings with CEOs of Qualcomm, Adobe, First Solar,…

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India, UAE discuss deepening of trade, investment ties

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday held a meeting with visiting UAE minister for foreign trade Thani Bin Ahmed Al Zeyoudi and discussed ways to further boost trade and investment relations between both the countries. β€œBoth sides discussed the strong economic and commercial engagement between the India-UAE and the comprehensive strategic partnership which is driving the multifaceted bilateral relations,” the finance ministry said in a statement. A high-level UAE delegation, led by Thani Bin Ahmed Al Zeyoudi, is in India to hold talks aimed at improving bilateral economic…

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β€˜India likely to block Chinese investment in LIC IPO’

NEW DELHI: The Indian government wants to block Chinese investors from buying shares in insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned LIC is considered a strategic asset, commanding more than 60% of India’s life insurance market with assets of more than $500 billion. While the government is planning to allow foreign investors to participate in what is likely to be the country’s biggest-ever IPO worth a potential $12.2 billion,…

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India likely to block Chinese investment in mega LIC IPO: Report

New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned LIC is considered a strategic asset, commanding more than 60% of India’s life insurance market with assets of more than $500 billion. While the government is planning to allow foreign investors to participate in what is likely to be the country’s biggest-ever IPO worth a potential $12.2 billion, it is…

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Need higher investment in health care, infrastructure for sustainable growth: Shaktikanta Das

β€œOur endeavour should be to ensure livable and sustainable growth in the post-pandemic future,” Mr. Das said. Reserve Bank Governor Shaktikanta Das on Wednesday pitched for higher investment in infrastructure and reforms in labor and product markets to achieve sustainable growth post-pandemic. Addressing AIMA National Management Convention, Mr. Das underlined the need for increased investment in health care education, digital and physical infrastructure to ensure sustainable growth and generate employment opportunities. Noting that the pandemic has affected the poor and the vulnerable more in emerging and developing countries, Mr. Das…

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Govt Likely To Block Chinese Investment In LIC’s IPO: Report

LIC is considered a strategic asset, commanding more than 60% of India’s life insurance market. New Delhi: The Center wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told news agency Reuters, underscoring tensions between the two nations. State-owned LIC is considered a strategic asset, commanding more than 60% of India’s life insurance market with assets of more than $500 billion. While the government is planning to allow foreign investors…

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Need to increase investment in healthcare, infra: RBI guv

NEW DELHI: Reserve Bank of India (RBI) governor on Wednesday highlighted the need for higher investment in healthcare and infrastructure sectors to ensure sustainable growth in the post pandemic world. Addressing AIMA’s 48th national management convention, the RBI governor said that investment in healthcare education, digital and physical infrastructure is vital to ensure sustainable growth and generate employment opportunities. β€œOur endeavor should be to ensure durable and sustainable growth in the post pandemic future. Sustainable growth should entail building on micro fundamentals via medium-term investments, sound financial systems and structural…

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India May Block Chinese Investment In Insurance Firm LIC’s Shares: Report

Life Insurance Corp commands over 60 per cent of life insurance market in India. (File) New Delhi: The government wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told news agency Reuters, underscoring tensions between the two nations. Government-owned LIC is considered a strategic asset, commanding more than 60 per cent of life insurance market with assets of more than $500 billion. While the government is planning to allow foreign…

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