Articles about Foreign Investment

American authorities have given ByteDance, the Chinese owner of TikTok, additional time to divest the popular short-video platform's business to resolve national security concerns raised by the Trump administration.

Delivering his latest salvo against Beijing, US President Donald Trump has signed an executive order giving ByteDance a 90-day deadline to divest the US operations of TikTok, its video-sharing service.

After indicating his views about TikTok, owned by Chinese giant ByteDance several times, United States President Donald Trump said on Friday (local time) that he will ban the popular short-form video app.

Congress leader and ex-Finance Minister P Chidambaram was among those named in the charge-sheet filed by the Central Bureau of Investigation in the INX Media case on Friday. The CBI also charged Chidambaram's son, Karti.

On Tuesday, a special Delhi court allowed the Enforcement Directorate to arrest former Finance Minister P Chidambaram in the INX Media money laundering case.

On Wednesday, Prime Minister Narendra Modi delivered keynote address at Bloomberg Global Business Forum in New York.

The Central Bureau of Investigation (CBI), which is investigating alleged corruption in foreign funds which INX Media received years ago, questioned Indrani Mukerjea in Mumbai's Byculla jail on Tuesday.

Former Finance Minister P Chidambaram, who is currently in Tihar jail, said on Monday that he doesn't want any of the officers involved in the INX Media case to be arrested as they didn't commit any wrongdoing.

Former Union Minister and senior Congress leader P Chidambaram, was on Wednesday summoned by the Enforcement Directorate in the Aircel-Maxis case, ANI reports.

The Enforcement Directorate on Thursday named former Union Minister P Chidambaram as accused no. 1 in the Aircel-Maxis case. The senior Congress leader's son Karti and his accountant Bhaskar Raman were also mentioned in the chargesheet.

The Central Bureau of Investigation (CBI) today filed a supplementary charge sheet against former Finance Minister P Chidambaram and his son Karti, naming them the accused in the Aircel Maxis deal case.

A Delhi court today extended the protection from arrest granted to former Union Minister P Chidambaram and his son Karti in Aircel-Maxis money laundering case till August 7.

A Supreme Court judge recused herself from hearing BJP leader Subramanian Swamy's plea seeking to implead himself as a party in a case related to probe into alleged disproportionate assets of ED officer Rajeshwar Singh, who is investigating the Aircel-Maxis deal case.

Former Finance Minister P Chidambaram today reached the ED headquarters in Delhi for the second round of questioning in the Aircel-Maxis case.

Former Finance Minister P Chidambaram on Wednesday went to the CBI headquarters for questioning regarding foreign investment clearances given to INX media during his tenure.

Five days after former finance minister P Chidambaram sought relief in the Aircel-Maxis case, a Delhi court today granted him protection from arrest till July 10.

Taiwanese electronics manufacturer Foxconn, best known for assembling Apple iPhones, has bought the California-based Belkin International for $866 million in cash.

The CBI has got custody of Peter Mukerjea, former director of INX Media, for five days. In its affidavit, it said it plans to bring him face to face with Karti Chidambaram in the INX money laundering case.

Karti Chidambaram, son of former Finance Minister P Chidamabaram, is out on bail in the INX money laundering case after 13 days in Tihar Jail.

US President Donald Trump has ordered the Singapore-based chipmaker Broadcom to abandon its $117 billion bid to take over rival chipmaker Qualcomm, blocking what would have been the biggest technology deal ever in history.

The CBI produced Karti Chidambaram in court today after his three-day police custody expired, and has now sought 15-day judicial custody, saying he remained "evasive" and "non-cooperative" during interrogation.

In some relief for Karti Chidambaram, son of former finance minister P Chidambaram and an accused in the INX money-laundering case, the Delhi HC has refrained the ED from arresting him till March 20.

The SC has refused to grant interim protection from arrest by the Enforcement Directorate (ED) to Karti Chidambaram in the INX money laundering case.

ED has claimed that Karti Chidambaram, under investigation in the INX money laundering case, paid a senior political leader Rs. 1.8cr in five instalments in over 3.5 years.

The CBI has taken Karti Chidambaram, son of former finance minister P Chidambaram, to Mumbai for questioning in the INX money laundering case.

The CBI has sought 14-day custody of Karti Chidambaram, son of former finance minister P Chidambaram, in the INX money laundering case.

Slamming the graft allegations against P Chidambaram's son Karti, Congress claimed that PM Narendra Modi is desperately trying to divert people's attention from the corruption scandals tumbling out of BJP's closet.

The CBI arrested Karti Chidambaram from the Chennai airport this morning in the INX money laundering case.

Senior Congress leader and former Finance Minister P Chidambaram moved the Supreme Court seeking protection of his fundamental rights, following the raids and summons to his son Karti by CBI and Enforcement Directorate.

Chidambarams continue to be haunted by scams. Now, the Enforcement Directorate (ED) has conducted raids at various premises linked to Karti Chidambaram, senior Congress leader P Chidambaram's son.

The CBI has alleged in the SC that Karti Chidambaram, former FM P Chidambaram's son, has tampered with evidence related to an alleged corruption case by closing foreign bank accounts when he went abroad this year.

The Enforcement Directorate (ED) has attached bank assets worth Rs. 1.16 crore belonging to Karti Chidambaram over the alleged money laundering in the Aircel-Maxis case.

The Centre has moved the SC against a Madras HC order staying "unwarranted lookout circulars" against Karti Chidambaram issued by the Centre in an alleged corruption case.

In yet another trouble for former Finance Minister Chidambaram's son Karti, CBI summoned him for questioning on 21 July.

The Union cabinet has okayed the abolition of 25-year-old Foreign Investment Promotion Board (FIPB), whose purpose was to vet Foreign Direct Investment (FDI) proposals in India, as most of the FDI money now comes via automatic routes.

On 16th May, the CBI searched 17 premises linked to Chidambaram, his son Karti, and the jailed couple Indrani and Peter Mukerjea as part of a wider probe into suspected criminal misconduct in foreign investment approvals.

The Enforcement Directorate has issued a show-cause notice to M/s Advantage Strategic Consulting Private Limited and Karti Chidambaram for alleged forex violations of Rs. 45 crore during the sale of shares of a company to overseas investors.

The Enforcement Directorate has submitted its report on P Chidambaram's alleged violation of the Foreign Investment Promotion Board's rules in the Aircel-Maxis case.

Two years after the launch of 'Make in India', only the services sector seems to have received significant FDI whereas manufacturing, except electronics and automobiles, has been overlooked.

The Parliament was informed that five sectors, including defence, ports, and coal have failed to attract any 'Foreign Direct Investments' during April-December of the current fiscal.