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Adani Enterprises sets up a wholly-owned media arm"The company has incorporated a WOS namely, AMG Media Networks Limited on 26th April, 2022, with an initial authorized and paid-up share ca...- Adani Enterprises incorporates wholly-owned arm for media related biz"The company has incorporated a WOS namely, AMG Media Networks Limited on 26th April, 2022, with an initial authorized and paid-up share ca...
- Suven Life Sciences to set up subsidiary in US, to infuse $75 millionThe board of directors has approved investment of USD 75 million in the said WOS for new business opportunities and acquisitions,the compan...
- India Inc's overseas investment halves to $1.15 bn yoy in DecemberDirect investment by Indian firms overseas more than halved from a year ago to $1.15 billion in December 2015, Reserve Bank data showed.
- India Inc's overseas investment down 21% at $2.3 billion in OctoberDirect investments by Indian firms abroad fell 21 per cent to $2.28 billion in October 2015 compared to the same month last year, according...
- ABN Amro, DBS, State Bank of Mauritius apply for WOSReserve Bank deputy governor R Gandhi today said three foreign bankers-- ABN Amro, DBS and State Bank of Mauritius have applied for operati...
- 4 foreign banks have applied for wholly-owned subsidiaries, says RBIThere are close to 100 foreign lenders operating in the country at present and all of them operate through branches or as representative of...
- Working on viable model to adopt subsidiary route: DBSDBS is committed to switch to operating as a wholly-owned subsidiary but difficulties around getting viable business model are delaying its...
- India Inc invests $1.25 billion overseas in August, down 49%The investments were a mix of issuance of guarantees ($ 742.80 million), loans ($ 303.48 million) and of equity ($ 207.39 million).
- India Inc's July overseas direct investment down 53% at $1.16 billionThe investments were a mix of issuance of guarantees at $644.25 million, loan $290.34 million and equity at $220.82 million.
- RBI allows LLPs to carry out financial commitment abroadRBI has allowed LLP firms to carry out financial commitment to/on behalf of joint ventures or wholly-owned subsidiaries of the Indian compa...
- Foreign banks to gain from subsidiarisation route: DeloitteRBI said that foreign banks converting into WOS from the branch model they follow currently, will also get capital gains tax and stamp duty...
- DBS Bank evaluating RBI's WOS guidelines for foreign banksThe guidelines were issued earlier this month and allow foreign banks incorporating WOS branches to acquire local private sector lenders.
- Foreign banks with complex structures can operate via WOS only: RBIRBI said foreign banks with complex structures and which do not provide adequate disclosure would have to operate in India only through who...
- RBI permits foreign banks' subsidiary to acquire private banksThe Reserve Bank permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branch...
- Foreign banks and the priority sector lending puzzleThe implementation of the Nair Committee report on priority sector lending norms is likely to be closely watched by foreign banks present i...
- Outward FDI up 59 pc at USD 3.7 bn in MayOverseas investment by Indian firms increased by about 59 percent in May, with Gammon, Tata Steel and Religare among the top investors abro...
- Rough road ahead for foreign banks setting up units hereThe Reserve Bank of India (RBI) is currently seeking feedback on the implications of foreign banks setting up wholly-owned subsidiaries in ...
- RBI may make it mandatory for foreign banks to adopt WOS routeThe RBI is likely to make it mandatory for foreign banks in the country to operate as wholly-owned subsidiaries, in line with the internati...
- RBI to release liberalisation policy for foreign banks by SeptAfter delaying liberalisation for foreign banks by over a year due to global financial meltdown, the Reserve Bank on Tuesday decided to rev...
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