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Why the government’s latest Press Note 3 changes matter for FDI flows
India’s updated Press Note 3 framework aims to ease foreign investment restrictions from land-border countries by clarifying beneficial ownership rules and introducing faster approvals for strategic sectors. The changes seek to balance national security with investment growth, potentially reviving FDI flows through global funds while supporting startups, manufacturing expansion and technology transfer.
Explained: How Dixon, Kaynes Tech, others may benefit from latest FDI policy changes
India has eased investment rules for countries sharing a land border, allowing up to 10% foreign ownership in firms via the automatic route. Approvals for specific sectors like electronics components will now be fast-tracked to 60 days, aiming to boost domestic manufacturing and attract capital.
Govt set to launch new version of PM KUSUM scheme focusing on agri solar PV component
The government is preparing to launch PM-KUSUM 2.0, a new version of the scheme aimed at boosting renewable energy in agriculture. This initiative will enable farmers to generate electricity while cultivating crops on the same land, with a dedicated 10 GW agri-PV component planned. The updated scheme is expected to feature higher targets and an increased outlay.
Mega Mumbai homes: Raymond Realty signs Rs 3,000 cr joint venture
In an exciting new chapter for urban development, Raymond Realty has teamed up to launch a promising housing project in Kandivali, Mumbai, with anticipated revenues soaring to Rs 3,000 crore. This collaboration marks the seventh joint development for the company, which has strategically acquired 100 acres of prime land along with seven Joint Development Agreements (JDAs).
Puravankara enters joint development project on Hennur Road, Bengaluru, target GDV of over Rs 1,300 cr
Puravankara Group is expanding its Bengaluru presence with a new joint development on Hennur Road. This project, valued at over Rs 1,300 crore, will offer 0.84 million square feet of saleable area. The company is strategically acquiring land in high-demand micro-markets. This move strengthens Puravankara's robust Bengaluru portfolio, with the project expected to launch within a year.
DP World offers alternative land routes to Jebel Ali Port
Customers can discharge at Khorfakkan Port or Fujairah Port
BSE approaches MMRDA for land in BKC
The BSE seeks land in BKC from MMRDA for expansion. BSE officials met Sanjay Mukherjee to discuss. MMRDA aims to boost Mumbai's commercial infrastructure.
BSE eyes expansion in Bandra Kurla Complex, seeks land from MMRDA
Bombay Stock Exchange is seeking land in Mumbai's Bandra Kurla Complex for expansion. This move follows the National Stock Exchange's recent growth in the area. The Mumbai Metropolitan Region Development Authority is facilitating this strategic investment. BKC is becoming India's prime financial hub, attracting major institutions and corporations. This expansion will further solidify Mumbai's position as India's financial capital.
Godrej Prop buys land parcels for ₹1,325 crore
Godrej Properties has acquired two land parcels totaling over 16 acres in Gurugram and Kolkata. The company spent approximately ₹1,325 crore on these acquisitions. These land parcels will be used to develop new housing projects. Godrej Properties anticipates a total revenue of around ₹6,150 crore from these upcoming developments. This expansion signals strong business growth amid high demand.
Tata Motors PV shares fall over 5%, tracking the broad slump in auto index
Tata Motors’ domestic passenger vehicle sales rose 34% YoY to 62,329 units in February, while EV sales jumped 57% to 8,385 units. However, a cyber incident at Jaguar Land Rover caused a Q3 loss of Rs 3,486 crore and a 26% drop in revenue. Analysts say the stock remains sensitive to JLR performance, global demand, and margin recovery.
Godrej Properties: Market-share push hinges on geographic diversification
New land acquisitions strengthen the launch pipeline and reduce concentration risk at a time when sales momentum in some top markets is showing signs of cooling.
Godrej Properties acquires 11.36 acres in Gurugram for Rs 4,500 crore housing project
Godrej Properties continues its ambitious expansion with the acquisition of an 11.36-acre land in Gurugram, destined for a new residential project that could yield revenues upwards of Rs 4,500 crore. This step into the NCR market enhances their already robust portfolio, ultimately boosting their potential future sales to a remarkable Rs 40,000 crore.