The Union Cabinet on Friday approved 100 per cent foreign direct investment (FDI) in the insurance sector, a move that was welcomed by industry as it would help attract more capital and global expertise, while boosting insurance coverage in the country.
Brookfield Asset Management will invest $1 billion to develop Asia’s largest global capability centre (GCC) in Mumbai’s Powai, the New York-based global alternative asset manager said in a statement on Friday. Photograph: Mark Blinch/Reuters The infrastructure arm of Canada’s investment
Prada’s Kolhapuri chappals will debut globally in February across 40 Prada stores and on the brand’s e-commerce platform. IMAGE: Kolhapuri chappals were spotted at the Prada Spring-Summer 2026 menswear collection during the Milan Fashion Week. Photograph: Alessandro Garofalov/Reuters Prada, Lidcom
Retail inflation inched up to 0.71 per cent in November on rising prices of vegetables, protein-rich items, and fuel, government data showed on Friday. Photograph: Amit Dave/Reuters The consumer price index (CPI)-based retail inflation had fallen to a record low
India’s forex reserves jumped by $1 billion to $687 billion during the week ended December 5, the RBI said on Friday. Photograph: Lee Jae-Won/Reuters In the previous reporting week, India’s forex reserves had dropped by $1.88 billion to $686 billion.
‘I don’t think we should ever negotiate with deadlines or hard stops because we tend to make mistakes then.’ IMAGE: Union Commerce and Industry Minister Piyush Goyal meets Italy’s Deputy Prime Minister and Foreign Minister Antonio Tajani in Mumbai, December
Equity mutual funds attracted Rs 29,911 crore in November, marking a 21 per cent increase from the preceding month, according to data released by industry body Amfi on Thursday. Illustration: Dominic Xavier/Rediff This rise in inflows comes after three consecutive
The rupee plunged 38 paise to close at an all-time low of 90.32 against the US dollar on Thursday amid uncertainty over the India-US trade deal. Illustration: Dominic Xavier/Rediff Forex traders said the rupee is expected to trade with a
Benchmark stock indices Sensex and Nifty rebounded on Thursday, cutting short a three-day falling streak following buying in auto and metal stocks and a rate cut by the US Federal Reserve. Photograph: Shailesh Andrade/Reuters Rebounding from its early lows, the
Retail investors are moving away from a buy-and-hold approach and towards more informed short-term positioning, recent investment patterns show. Illustration: Dominic Xavier/Rediff Over the past two months — a period of sharp rebound in Indian equities — retail investors have
