KACHARAGADLA

Foxconn Is In Talks With State Governments Including Maharashtra, UP, Haryana Foxconn Technology Group is looking to  invest up to $5 Bn in India , to explore the possibility of establishing a manufacturing hub parallel to China. The Indian hub will be instrumental for export to markets across Europe and the US. A top official at the Taiwanese company told TOI that Foxconn will soon ramp up Indian operations in an “exponential manner.”  This move is powered by the implementation of GST, and the imposition of an import duty on mobiles phones . The levy of the duty and the tax combined will discourage sourcing goods  from China and other foreign locations. Last week, the government imposed a 10% customs duty on phones and key parts such as chargers, headsets, batteries and USB cables. This will give an impetus to investments in local manufacturing. The source further added, “India is already high on our priority list, and we now plan to step up investments and business he

Mutual funds are arguably the best investment options available for investors in terms of ease of investments and different risk/return paradigms available. Depending upon your risk profile and longevity of holding period, you can chose between various debt, equity and balanced funds. Mutual funds are arguably the best investment options available for investors in terms of ease of investments and different risk/return paradigms available. Depending upon your risk profile and longevity of holding period, you can chose between various debt, equity and balanced funds. However, “choose the fund that best suits your time-frame and risk appetite. Remember that equity funds require a holding period of at least 5 years, balanced funds need 3-4 years, and debt funds 2-3 years,” says Bhavana Acharya, Analyst–Mutual Fund Research, FundsIndia.com. For those looking for funds to invest in this year, FundsIndia.com has prepared a list of 10 best funds available in the market today. The li

Government hopes to roll out a new goods and services tax (GST) in 2016, Prime Minister Narendra Modi said on Tuesday in a speech to Indian and German businesses at the Indo-German Summit in Bangalore. Government hopes to roll out a new goods and services tax (GST) in 2016, Prime Minister Narendra Modi said on Tuesday while addressing Indian and German businesses at the Indo-German Summit in Bangalore Government hopes to roll out a new goods and services tax (GST) in 2016, Prime Minister Narendra Modi said on Tuesday while addressing Indian and German businesses at the Indo-German Summit in Bangalore. GST, which is currently blocked in Parliament, was among the range of business-friendly measures highlighted by Modi in his speech in Bangalore, during a visit by German Chancellor Angela Merkel. Modi also said his government was speeding up regulatory clearances, reducing licensing requirements in the defence sector and making tax policy more consistent. “We have ar