No changes in FDI policy for Pak, China and few others

The government has not made any amendments to the foreign direct investment (FDI) policy for countries sharing land border with India, sources said on Wednesday. Illustration: Uttam Ghosh/Rediff In 2020, the government issued Press Note 3 under which investors from

Why RBI is likely to cut repo rate by another 25 bps

On June 6, 2025, RBI Governor Sanjay Malhotra is expected to announce the decision of the bank’s Monetary Policy Committee. IMAGE: RBI Governor Sanjay Malhotra. Photograph: ANI Photo The weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system

Tesla Gears Up in Kurla

Tesla’s official entry into the Indian market is expected in the final quarter of the current financial year. Photograph: Yves Herman/Reuters   Elon Musk’s Tesla Inc has leased a 24,565 square foot warehousing facility in Mumbai’s Kurla West for a

Hyundai exits Ola Electric; sells 2.47% stake for Rs 552 cr

South Korean automaker Hyundai Motor Company on Tuesday exited Ola Electric Mobility by selling its entire 2.47 per cent stake in the company for Rs 552 crore through an open market transaction. Photograph: Andrew Boyers/Reuters According to the bulk deal

Nestle India turnover grew 2.5 fold post Maggi crisis

The turnover of FMCG major Nestle India’s has grown 2.5 folds to Rs 20,100 crore in last one decade, post the Maggi crisis in 2015, according to the company’s latest annual report. Photograph: Danish Siddiqui/Reuters At the time of crisis,

India’s job market sees high mobility, many seeking new roles: Report

India’s job market is witnessing high mobility with a significant percentage of professionals actively seeking new roles, many are now negotiating for better pay within their current organisations, says a survey. Illustration: Dominic Xavier/Rediff The latest Talent Trends India 2025

India’s FY26 GDP growth to slide to 6.2%: Nomura

India’s real GDP growth in FY26 will slide further to 6.2 per cent in FY26 from 6.5 per cent in FY25, a Japanese brokerage said on Monday. Illustration: Dominic Xavier/Rediff In a research report, Nomura said there is a “divergence”

Gautam Adani under US lens once again, WSJ reports

Adani Group on Monday said it does not handle any cargo coming from Iran or any Iranian-owned ship at any of its ports, as it denied any deliberate engagement in sanctions evasion. Photograph: ANI Photos In a stock exchange filing,

Tesla not interested in manufacturing electric cars in India: Kumaraswamy

Global EV giant Tesla is not interested in manufacturing cars in India but keen on establishing showrooms in the country, Union Heavy Industries Minister H D Kumaraswamy said on Monday. Photograph: Mike Blake/Reuters US President Donald Trump has said that

India’s manufacturing sector growth falls to 3-month low in May

India’s manufacturing sector growth fell to a three-month low in May, restricted by inflationary pressures, softer demand and heightened geopolitical conditions, a monthly survey said on Monday. Photograph: Rupak De Chowdhuri/Reuters The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index