NEW DELHI: The Centre has notified two crucial changes to foreign direct investment rules — the first relating to flows from neighbouring countries such as China and the second allowing up to 100% investment in insurance business — as it seeks to step up inflows amid a weak rupee.Starting May 1, companies with up to…
NEW DELHI: Apple’s India business is accelerating across categories, with the company reporting double-digit growth in iPhone, iPad and Mac during its latest quarter. Highlighting the momentum, CEO Tim Cook told analysts during the company’s earnings call that he is “over the moon excited about India,” indicating the market’s growing importance even as global demand…
NEW DELHI: India’s passenger vehicle market opened the new fiscal on a strong note, with April sales estimated at around 4.5 lakh units, marking a roughly 27% increase over 3.5 lakh units in the same month last year. The growth was led by strong performances across major automakers and sustained demand for utility vehicles.Maruti Suzuki…
MUMBAI: RBI governor Sanjay Malhotra on Friday called for Indian banks to emerge as market-makers in offshore markets, urging a more active global role for domestic lenders as the central bank seeks to shift rupee price discovery onshore, speaking at the FIMMDA-PDAI Annual Conference in Amsterdam.Noting that Indian banks deal only with offshore market makers…
AI image used for representation purpose Indian equities ended the week on a volatile note, with the Sensex and Nifty witnessing sharp swings and closing lower as uncertainty around the US–Iran conflict kept investors on edge.The impact spilled beyond equities. The rupee slid to record lows near 95 against the US dollar, pressured by surging…
The government on Saturday soothed concerns over fuel availability across the country, assuring that it has taken measures to ensure an uninterrupted supply and has stepped up contingency arrangements across key sectors. This comes as the world’s energy pipeline continues to be disrupted due to the Middle East war, that began back on February 28.In…
The central government on Saturday announced 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing full foreign ownership in the sector. The move is expected to increase foreign participation in India’s insurance industry. Foreign investment in Indian insurance companies and intermediaries will now be allowed up to 100% of the paid-up…
.Now more and more foreign investors are urging a review of the rule. MUMBAI: In just four months this year, foreign portfolio investors (FPIs) have net sold stocks worth a little over $20.6 billion, surpassing the highest ever yearly net sales figure in the domestic market.In 2025, FPIs had net sold stocks worth $18.9 billion,…
Venezuela’s oil is flowing across the world again, and at its fastest pace in more than seven years. In April, the country’s crude exports jumped 14% to 1.23 million barrels per day, powered by stronger demand from the United States, India and Europe, according to shipping data and internal documents from state-run PDVSA.The sharp rise…
The ongoing Middle East crisis has shaken global oil and gas supplies, with the Strait of Hormuz coming under intense pressure amid tensions between Iran and the US. At a time when one of the world’s most critical energy corridors is under severe strain and supply chains remain disrupted, India is making a push to…
