Page 2 - Foreign Investment

Govt draft norms to ease compliance for foreign investment in insurance

The draft norms for foreign investment in insurance propose easing compliance by scrapping residency requirements for directors and KMPs while retaining key leadership conditions

Japan will invest 10 trillion yen in India over next decade: PM Modi

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 FDI in insurance aims to unlock sector's full potential: FM

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

Investors filing tax using LRS route must disclose foreign assets, income

Misreporting may invite penalty as high as Rs 10 lakh, can go up to 200 per cent of the tax due

PE/VC investments fell 68% in May to $2.4 billion; deal count declined 24%

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

Lucrative domestic mkt, financial arbitrage attracting UK colleges to India

As of now, at least six major UK universities have announced setting up of campuses or liaison offices in India

Lower net FDI due to repatriation signals mature market, says RBI governor

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

Foreign investment in Indian corporate bonds hits 10-year high in May

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

Direct impact: Foreign investment dynamics must be studied carefully

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

Maharashtra tops FDI equity inflows again; Karnataka bags second spot

Gujarat drops two notches, Maharashtra retains top spot

India may allow up to 49% foreign investment in nuclear power plants

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

Global funds' asset under custody see second-worst plunge amid market rout

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

Around 250 Japan CEOs to visit UP to explore investment opportunities

Deputy Governor of Japan's Yamanashi Prefecture, Ko Osada, on Wednesday paid a courtesy visit to Uttar Pradesh Chief Minister Yogi Adityanath at his official residence and discussed investment opportunities in the state among other issues, according to an official statement issued here. Ko Osada said, "Around 250 CEOs from Japan will visit Uttar Pradesh to explore potential investment opportunities. The Japanese delegation will assess the state's investment prospects, driven by its strong law and order, good governance and rapid economic growth. "This initiative will also create significant employment opportunities for the youth of Uttar Pradesh," it said. Ko Osada emphasised his commitment to strengthening friendly relations between Yamanashi and Uttar Pradesh. A key focus of the discussions was green hydrogen, the statement said. It was felt that a pact between UP and Japan's Yamanashi Prefecture would drive green hydrogen initiatives, including a centre of excellence, with Japa

Rupee ends weaker, logs worst week in 18 months on foreign outflows

The rupee's depreciation bias is likely to persist next week, with the focus squarely on any policy changes announced by Trump, especially about trade tariffs, said Dilip Parmar, a foreign exchanger

Global trends, earnings, FII trading activity to drive markets: Analysts

Equity markets this week will take cues from global trends, trading activity of foreign investors and quarterly earnings, with TCS kick-starting the results calendar on Thursday, analysts said. Macroeconomic data announcements and the rupee-dollar trend would also dictate market trends, experts noted. "The Q3 FY25 earnings season will begin this week, with IT giants and leading financial institutions set to announce their results. TCS and Tata Elxsi will declare results on Thursday, January 9, 2025. Investors will closely monitor individual stock performances. "Following the earnings season, markets' focus is expected to shift towards the upcoming Union Budget and the policy decisions of the Trump 2.0 administration," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. Foreign institutional investors (FIIs) have been net sellers, while domestic institutional investors (DIIs) have been actively buying. This ongoing tug-of-war between FIIs and DIIs is likely to pla

Declaring foreign assets in tax returns form: What Indians must know

Taxpayers who are resident and 'ordinarily resident' have to disclose their offshore accounts and assets

Insurance Amendment Bill proposing 100% FDI unlikely in winter session

Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may not be introduced in Parliament in the ongoing session, sources said. Some finetuning may be required in the draft Bill after receiving comments from stakeholders, sources said. Given the paucity of time, it is difficult to present the Bill in the ongoing session, sources said, adding it may, however, come in the Budget session. The finance ministry has proposed to amend various provisions of the Insurance Act, of 1938, including raising foreign direct investment (FDI) in the insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10. As per the proposal, the FDI limit in Indian insurance companies will be raised from 74 per cent to 100 per cent. This is the second public consultation that the DFS has sought on the proposed amendments to the .

Global investors find opportunities in India despite equity outflows

Global funds have piled into sectors with strong growth potential, while pulling back exposure to sectors like banks, consumer and energy- the stragglers of 2024

Foreign investors turn net buyers of Indian stocks after record selling run

The benchmarks rallied on Monday, after the ruling Bharatiya Janata Party (BJP) secured a decisive victory in the elections of the country's richest state, Maharashtra

Govt initiatives like PLI helping attract foreign investors in India: CII

The government initiatives such as Make in India and production linked incentive schemes for different sectors are helping attract foreign investors to set up bases in India, according to industry chamber CII. In a letter to Commerce and Industry Minister Piyush Goyal, CII Director General Chandrajit Banerjee said that the government's increased investments in infrastructure such as roads, railways and ports are making the domestic industry more competitive. The policy shift within India has also occurred at the same time as geopolitical conditions have become favourable for India, with many global companies looking to diversify their geographical base, the letter, dated November 5, said. "FDI inflows have increased from USD 45.14 billion in 2014-15 to USD 70.95 billion in 2023-24, indicating the growing interest of foreign investors for setting up base in India," it said, adding that the PLI schemes have attracted huge investments. It added that India's manufacturing capabilities