The Union Cabinet’s decision to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent is unlikely to significantly boost foreign investment as distribution remains a critical factor, requiring overseas players to partner with Indian
The government has infused over Rs 3,100 crore into women-led startups over the past six years, through its three schemes including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups
After a record-breaking year, India’s automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income
Stock markets are likely to trade in a range-bound manner in a holiday-shortened week where trading activity of foreign investors, currency movement and global macroeconomic data announcements are expected to drive sentiments, analysts said. Illustration: Dominic Xavier/Rediff Several global markets
1 / 13 Tata Steel | The company said it has infused ₹1,354.94 crore into its wholly owned foreign subsidiary, T Steel Holdings Pte Ltd, by subscribing to equity shares. The company acquired 149 crore shares at a face value
In 2025, the domestic market began with a cautious positive approach. This caution stemmed from FII selling activity from October to December 2024, high valuation, a downgrade in corporate earnings due to moderated demand, and a lack of government &
The rupee appreciated 53 paise to close at 89.67 against the US dollar on Friday, supported by corporate dollar inflows and easing crude oil prices. Illustration: Dominic Xavier/Rediff Forex traders said a positive trend in domestic equities and Brent crude
Private-sector lender IndusInd Bank had said the Serious Fraud Investigation Office (SFIO) interacted with its officials this week and would send a written communication seeking specific details related to the accounting discrepancies identified at the bank. Photograph: Anushree Fadnavis/Reuters In
Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
UltraTech Cement on Saturday said it has received a GST demand notice for a total payment of Rs 782.2 crore, which it plans to contest before the appropriate forum. Photograph: Amit Dave/Reuters “The company is reviewing the Order, considering all
