Sberbank, Russia's largest lender, on Thursday said it plans to gradually expand its business in India and would invest about USD 100 million over the next three years to take advantage of the growing Indian market. "We have a full banking licence here...we will expand our business in a step-by-step manner over the next three years. We will ramp up B2B business and enter into the B2C segment," Herman Gref, CEO and Chairman of the Executive Board, Sberbank, told reporters here. The bank, which established its operations in 2010, has sought 10 branch licences from the RBI to be opened across 10 cities. "We have requested the central bank here to grant 10 branch licences for opening offices," he said. Currently, it has two branches and an IT unit in Bengaluru to serve as an in-house data processing centre. The bank will bring an IT system from Moscow (Russia) and make adjustments to the specific regulations of the country, he said. Besides, he said, it will also seek the right partn
Experts attribute the trend to country's growth potential, regulatory stance
FDI in India rose 15 per cent to USD 18.62 billion during April-June this fiscal year, while the inflow from the US nearly tripled to USD 5.61 billion during the quarter, according to government data released on Wednesday. Foreign Direct Investment (FDI) during April-June FY25 stood at USD 16.17 billion. In March quarter 2024-25, the inflows fell 24.5 per cent year-on-year to USD 9.34 billion. Total FDI, which includes equity inflows, reinvested earnings and other capital, increased to USD 25.2 billion during the quarter under review as against USD 22.5 billion in the same period of 2024-25.
Despite strong gross inflows, rising outward investments and repatriation pulled down India's net FDI in April-June 2025
Markets regulator Sebi has proposed introducing a single window access for low risk foreign investors seeking to participate in the Indian securities market, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination. The new framework -- Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI), if implemented, would provide easier investment access to low risk foreign investors, enable a unified registration process across multiple investment routes and reduce repeated compliance and documentation for such entities, Sebi said in its consultation paper. The low risk foreign investors identified by Sebi include government-owned funds, central banks, sovereign wealth funds, multilateral entities, highly regulated public retail funds, and appropriately regulated insurance companies, as well as pension funds. As of June 30, 2025, India had 11,913 registered FPIs, holding assets worth Rs 80.83 lakh crore
Ambassador of Luxembourg to India, Peggy Frantzen, on Wednesday said that the business community of her country see Odisha as one of the "investor-friendly" states with huge potential for growth. The Luxembourg Ambassador was speaking at a function marking the inauguration of the corporate office of VCL India Private Limited here. "We are very pleased to see the long-term partnership and cooperation in the steel sector, strengthened through VCL's presence in India. I wish VCL a lot of success in the coming years in its relationship with its customers in and around India," she said. On the occasion, Mario Kratz, chairman, VCL SA & CEO, SAB Group, said, "Our move to Bhubaneswar is driven by our commitment to being closer to our customers and contributing actively to Odisha's vibrant industrial landscape. We see this as a long-term partnership with the state and its industries." VCL Managing Director and global head, Rainer Zilliken, highlighted that Odisha is emerging as a ...
Abu Dhabi Investment Authority acquires a 3% stake in Meril for $200 million, valuing the Gujarat-based medical devices maker at $6.6 billion. The deal is pending approval from CCI
India's real estate sector saw a 42 per cent Y-o-Y fall in institutional investment in Q2 2025, even as foreign inflows surged 242 per cent sequentially
After completion of inclusion process of domestic government securities in JP Morgan Indices on March 31, 2025, FPIs have net sold ₹31,262 crore worth of FAR securities so far
PayU India reorganises payments business, tightens credit underwriting
British Council's India Education Director says UK colleges looking to offer diverse courses in centres such as Delhi NCR, Mumbai and Bengaluru
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
On Tuesday, FPIs were net sellers to the tune of ₹2,854 crore, while domestic institutional investors (DIIs) bought shares worth ₹5,908 crore
Net FDI fell sharply due to higher repatriation and outward investments even as gross inflows rose 13.7% to $81 bn with 60% of flows going to four key sectors
The average daily notional turnover for futures and options climbed to ₹229 trillion ($2.7 trillion) in April on the National Stock Exchange, according to data on the bourse's website
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
Finance Minister Nirmala Sitharaman met several senior executives and business leaders in San Francisco and discussed bilateral areas of cooperation in sectors such as technology, artificial intelligence, energy and digital infrastructure as well as opportunities to enhance investment collaboration between India and the US. Sitharaman arrived in San Francisco Sunday as she began her 11-day trip to the US and Peru with an interaction with the Indian diaspora in the Californian city. On Monday, she held several meetings with business leaders and corporate executives. The minister met Silicon Valley venture capital firm a16z General Partner Anjney Midha and technology company VMware Chief Executive Officer Raghu Raghuram in San Francisco. She discussed the remarkable transformation in technology space driven by Prime Minister Narendra Modi's leadership and suggested that a16z and VMware "may like to explore collaboration across sectors" within the domain of AI including in education,
Finance Minister Nirmala Sitharaman on Friday urged Austrian companies to invest in India as it offers many opportunities in new and emerging sectors. Addressing the India-Austria business roundtable in the capital city Vienna, she said Austrian companies should harness many opportunities that India offers as the country has made tremendous progress as a result of the government's efforts in accelerating economic growth and equity as well as reforms to ensure the ease of doing business. "I also highlighted emerging opportunities in new and emerging sectors such as green hydrogen, electric vehicles, digital public infrastructure and innovation. India is an excellent gateway to Asia and the global south," she said. Overall, she said, the prospects for a stronger India-Austria, economic and commercial partnership are very bright. Stressing that India has the manufacturing base and scale, she said, several Austrian companies have set up capability centres in India to leverage the ...
The government has clarified that an Indian company engaged in a sector where FDI is prohibited can issue bonus shares to its pre-existing foreign shareholders, provided there is no change in the shareholding pattern. The issuance of bonus shares must comply with the applicable rules, laws, regulations and guidelines, the Department for Promotion of Industry and Internal Trade (DPIIT) said. "An Indian company engaged in a sector/activity prohibited for FDI (foreign direct investment) is permitted to issue bonus shares to its pre-existing non-resident shareholders provided that the shareholding pattern of the non-resident shareholder does not change pursuant to the issuance of bonus shares," according to the DPIIT's clarification which is inserted in the FDI policy. It added that this clarification is with regard to the permissibility of issuance of bonus shares to existing foreign shareholders by Indian companies engaged in sectors prohibited for FDI. FDI in the country is allowed
Foreign portfolio investors (FPIs), pressured by poor earnings, high valuations and prospects of US tariffs, have pulled more than $28 billion out of Indian stocks