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FDI Inflows Into India Rise 37% in 2015

New Delhi: Foreign direct investment (FDI) into the country increased 37 per cent to $39.32 billion during 2015. The foreign investment inflows stood at $28.78 billion in 2014, according to data by the Department of Industrial Policy and Promotion (DIPP). The computer hardware and software sector attracted the highest FDI, followed by services, trading business, automobiles and chemicals. Singapore emerged as the biggest FDI source, followed by Mauritius, US, Netherlands and Japan. The government has taken several steps to promote investments through a liberal FDI policy. It has relaxed norms in several sectors, including single brand retail, e-commerce and…

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Cairn India On Course to Roll Out Enhanced Oil Recovery Plan

New Delhi: Cairn India is set to launch the world’s largest enhanced oil recovery programme, investing about $760 million in the site where its first oil was discovered in the Thar desert of Rajasthan. As part of the plan, the company will complete 100 exploration and appraisal wells and 350 development wells in 2016, Cairn India chief executive Mayank Ashar told PTI. The EOR (enhanced oil recovery) spending spans over Mangala and Bhagyam oil fields in the Rajasthan block to help arrest the natural decline and maintain production. Almost two…

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Government Says Safeguards in Place to Prevent Misuse of P-Notes

Minister of State for Finance Jayant Sinha said FPIs are prohibited from issuing P-Notes to resident Indians/non-resident Indians. New Delhi: The government has put in place several safeguards to prevent misuse of Participatory Notes, or P-Notes, and there is no information with the Securities and Exchange Board of India (Sebi) wherein entities or investors in the country are using the route of and investing black money through it, Parliament was informed on Friday. “Foreign Portfolio Investors (FPIs) are prohibited from issuing PNs to Resident Indians/Non-Resident Indians (NRIs) and they are…

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Accumulate Rs 1 Crore by Investing Just Rs 5,000 Monthly

To many, Rs 1 crore may look like an unachievable figure but it is possible to accumulate the sum by investing just Rs 5,000 per month provided you follow these rules. Invest in growth assets By this, we mean an asset class that has the potential to deliver higher returns over long-term. Equity is one such asset class. Over long term, equity has potential to deliver over 12-15 per cent annual return whereas investments in conservative assets such as fixed income will only yield you 7-8 per cent annually. See…

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Buy JB Chemicals, KCP Sugar, Styrolution ABS: G Chokkalingam

G Chokkalingam says the clear certainty that the US central bank will continue with aggressive or moderate hikes going ahead is a “big positive” for the Indian markets. G Chokkalingam, founder of Equinomics Research & Advisory, says that the markets have recently started to perform well, with the FIIs investing in four out of six days since the historic rate hike by the Federal Reserve on December 16. The clear certainty that the US central bank will continue with aggressive or moderate hikes going ahead is a “big positive” for…

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Road to Wealth: Five Steps to Follow When You Invest In Your 30s

It is good to start investing as early as possible in life. But if you are in your 30s and still clueless about investing systematically, here are some tips: 1) Set your goals The first and foremost thing to do is to set your goals. Knowing what you want to achieve will help you work towards attaining those goals in a better way. “One should have clearly defined goals. As compared to 20s, one can define the needs more clearly in the 30s. This will help in laying out the goals…

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