The National Rifle Association of India (NRAI) is not averse to foreign entities buying stakes in the franchise-based Shooting League of India, said its president Kalikesh Singh Deo following a meeting of the federation to take key decisions on the event. The inaugural edition of the league is scheduled later this year. The International Shooting Sport Federation (ISSF), the global governing body for the sport, has officially allotted a November-December window for SLI and the event is likely to be organised from November 24 to December 7. A total of 6-8 city-based franchises will own the teams and bid for players via an auction. Each team will consist of 12 athletes (6 men, 6 women), including up to four foreign players (two men, two women). "We have started conversation with (prospective) franchises. But I don't see the reason why a foreign franchise would be interested; that they can't have a stake, given of course subject to any conditions in the law of the land," said Singh De
The degree of domestic versus foreign contribution to the consumption of a nation's economy
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
FY25 wrap: At 6:34 AM, GIFT Nifty Futures were down 28 points at 23,749, suggesting a negative start
While global funds marked their first weekly purchase of local stocks in 2025 last week, they have been big sellers this year
Capital outflows are near their highest-ever figure in India; a debate has raged over whether capital gains tax in India contributed to foreign investor outflows
PM's US visit comes as foreigners have pulled $21 bn from Indian markets since September end, rupee has hit fresh lows, and the nation's $4.1 trillion stock market is Asia's worst performer in 2025
Chief minister said that since the launch of the new industrial policy the state had attracted Rs 1 trillion investments from the Investor Connect meet organized in Raipur, Delhi and Mumbai
HSBC has revised its Sensex target for the end of 2025, lowering it to 85,990, from 90,520 earlier
In 2023, the US was the leading source country for investments in Israel with $24 billion followed by France with $3.7 billion, India with $1.2 billion and the UK with $1.1 billion
Addressing diverse areas ranging from patent processes to frameworks for AI regulation, the Centre introduced several significant regulatory changes in 2024
The event features participation from 32 countries, 17 of which are designated as partner nations, including Japan, Switzerland, Singapore, Denmark, and South Korea
Unshackling animal spirits: A record Rs 1.1 trillion in foreign flows via IPOs, QIPs, and rights issues
The government is working to get a so-called "entertainment complex" bill, which will allow casinos to be housed within large venues
Even after the recent selloff, MSCI India trades at 22 times forward earnings, more than 1.5 standard deviations higher the its two-decade average, Chinese stocks are a lot cheaper, by comparison
FIIs net sold stocks worth Rs 10,712 crore in the cash market, and index futures worth Rs 10,336 crore in the derivatives segment in the three trading sessions post Budget 2024.
Apart from climate transition, India's forays into electronics and infrastructure-related manufacturing are gaining prominence with investors abroad, an expert said
Education, IT and consulting, electronics among sectors attracting overseas entities
The Indian markets appear to be expensive, on an absolute basis, with 1-year forward valuation at 20 times. The overall risk/reward ratio, thus, seem unfavourable on a historical basis, Gupta said
India's high demand for oil and low domestic output are increasing the dependence on imports. The 'supportive' upstream policy, if backed by lower taxes, could turn things around