Operator in UDAN routes, Trujet, garnered 49 per cent Foreign Direct Investment (FDI) to expand its operations. New York-based INTERUPS Inc. came forward to take a 49 per cent stake in Turbo Megha Airways Pvt Ltd, which owns and operates under the name Trujet. Speaking on this occasion, Mr K.V. Pradeep, Group Director, MEIL and […]
Tag: FDI
The total FDI (Foreign Direct Investment) inflow in India was $35.73 billion from April to August, the highest ever for the first five months of a financial year. But why are foreign investments so important for a country?
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Business “not as usual” due to Bharat Bandh
After members of 10 trade unions announced a nation-wide strike against the policies of government on Wednesday businesses across India were affected. About 25 crore people across the country are said to be taking part in the strike with members of central trade unions leading the protest. These unions include AITUC, INTUC, CITU, AICCTU, CUCC, […]
During his recent visit to France for the delivery of the first 36 Rafale combat jets, Defence Minister Rajnath Singh, while addressing the business heads of French defence industries – asked them to establish their production bases in India. He highlighted – low wages and availability of technical manpower – as one of the key […]