A slew of foreign insurers have already either bought stakes in existing insurance companies, or formed a new joint venture to tap the potential of the Indian insurance market
The Irdai chairman has noted that the industry requires significantly more capital and that foreign investment alone cannot meet these needs
Piyush Goyal says the entire Rs 10,000-crore Startup Fund of Funds will go to deep-tech ventures to help Indian founders retain ownership and reduce early foreign equity sales
India has 12 government-owned banks, with combined assets of 171 trillion rupees ($1.95 trillion) as of March that account for 55% of the banking sector
The Switzerland-based firm will invest ₹2,000 crore to expand its Global Technology and Innovation Centre in Chennai, creating 3,000 high-value technology jobs
Abu Dhabi investor to become promoter, can nominate directors
India is set to ease foreign investment rules for e-commerce exports, allowing firms like Amazon to buy directly from Indian sellers and sell products overseas, boosting trade potential
From power and transport to health and education, projects across Asia and Africa reflect a push for partnership driven diplomacy
The draft norms for foreign investment in insurance propose easing compliance by scrapping residency requirements for directors and KMPs while retaining key leadership conditions
The announcement comes after Prime Minister Narendra Modi and his Japanese counterpart, Shigeru Ishiba, held talks during the 15th India-Japan Annual Summit in Tokyo
Raising the FDI limit in insurance to 100 per cent will help the sector achieve its full potential by growing at 7.1 per cent per annum over the next 5 years, outpacing the global growth, Finance Minister Nirmala Sitharaman informed Parliament on Monday. The finance minister in Union Budget 2025-26 had proposed to raise the limit of foreign investment in insurance sector from the existing 74 per cent to 100 per cent. Raising the limit will eliminate the need for foreign investors to find Indian partners for the remaining 26 per cent, easing the process of setting up their operations in India, effectively increasing the number of insurers in the country, she said in a written reply to Lok Sabha. This will attract stable and sustained foreign investment, increase competition, facilitate technology transfer, and improve insurance penetration in the country, she said. The decision to increase FDI component in a particular insurance company is made by its promoters, depending upon vario
Misreporting may invite penalty as high as Rs 10 lakh, can go up to 200 per cent of the tax due
As a result of heightened geopolitical tensions, US tariff policy and other external headwinds, the investors are in a cautious and wait-and-watch mode, the report noted
As of now, at least six major UK universities have announced setting up of campuses or liaison offices in India
RBI governor Sanjay Malhotra explains net FDI decline in FY25 is due to repatriation, reflecting market maturity as gross FDI rose and India remains attractive to investors
May sees Rs 20,996 crore in foreign corporate bond investments, led by SP Group's $3.35 billion issue; RBI's relaxed norms add to momentum
In the normal course, repatriation by foreign multinationals and overseas investment by Indian corporations should not be cause for concern for a large and open economy like India
Gujarat drops two notches, Maharashtra retains top spot
As the country seeks to shift away from coal, it is seeking to supplement wind and solar with atomic energy to meet high night-time energy demand
The benchmark indices -Nifty and the 30-stock Sensex - entered the 'correction' zone, falling 15.2 per cent and 14 per cent, respectively, from their September peak