foreign ownership

The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry, sources said. Talks around reducing taxes for overseas investors have accelerated amid efforts to slow the rupee’s decline, they added.

Bench Questions Whether 1950 Treaty’s Reciprocity Works In Practice

Foreign investors are significantly reducing their stake in Indian equities, with FII ownership hitting a multi-year low. Concurrently, domestic institutional investors, particularly mutual funds fueled by SIPs, are increasing their holdings, absorbing much of the foreign selling and reshaping market ownership.

UK's Prudential plc is acquiring a 75% stake in Bharti Life Insurance for Rs 3,500 crore, gaining operational control and marking a strategic reset for its India business. This move allows Prudential to deploy a wider product suite and leverage Bharti's domestic reach, aiming to boost insurance penetration in India.

Until 2010, outfits like Adventure Consultants and Himex (New Zealand), Alpine Ascents International and International Mountain Guides (US), and Jagged Globe (UK) dominated Everest, while Nepalis worked merely as employees for these firms.

Selling abates, foreign funds in no rush to buy: Goldman Sachs

India's space regulator is offering full technology transfer for the reliable PSLV rocket to private firms, aiming to boost commercial launches. This follows a similar move for the SSLV. Despite delays in the first industry-built PSLV and SSLV, the government seeks an industry-driven launch ecosystem, signaling a major shift from ISRO's production model.

The central government has announced 100% Foreign Direct Investment (FDI) in insurance companies via the automatic route, enabling full foreign ownership. This move, aligning with the Sabka Bima Sabki Raksha Act, 2025, aims to boost foreign participation, with IRDAI approval required. LIC remains an exception with a 20% FDI limit.

Former Tata Sons vice chairman argues an IPO can undermine the company’s special role in the group, and may not unlock much value

Indian Super League clubs, excluding East Bengal, have proposed a club-led model for future league operations and commercialisation. They aim to manage responsibilities, citing local market knowledge and cost-saving potential. This proposal comes ahead of a crucial meeting with the AIFF president Kalyan Chaubey on May 22.

Nivesh Karki, executive director and co-founder of Pioneer Adventure, the expedition agency handling the dead climbers, said, “They fell ill while descending at high altitude. We are working out how to retrieve the bodies.”

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

Malaysia's maritime agency refutes claims of ignoring sanctioned Iranian oil transfers near its waters. Iranian-linked tankers reportedly exploit "jurisdictional gaps" for ship-to-ship transfers, a practice advocacy groups say Malaysia facilitates. Authorities state operations often occur beyond radar coverage, complicating enforcement. Indonesia is also reviewing border oil transfers.

India's enduring love for gold spans centuries, evolving from tradition to modern investment. Women hold vast reserves, and the market is set for significant growth. Digital gold and ETFs are gaining traction alongside traditional jewellery. Gold remains a symbol of prosperity, security, and auspiciousness for Indians across generations.

India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring countries. Companies with up to 10% Chinese holding can now invest via the automatic route, though entities registered in China itself are excluded. These changes aim to boost capital inflows amidst a weakening rupee.

Air India’s losses in 2025-26 at Rs 27,000 crore are the highest ever recorded in its 94-year-old history. In all, Air India has lost Rs 55,000 crore since Tatas took over the airline. Will these complicate final years of N Chandrasekaran’s tenure as Tata Sons chairman?

As one of Himalaya’s oldest pilgrimage traditions opens for another season, Nepal is asking why India and China are using a route it claims as its own

China's industry regulator has ordered Meta to cancel its $2 billion acquisition of Singapore-based AI firm Manus, citing national security concerns. This move follows the US announcing a crackdown on foreign tech companies exploiting AI models. China is also reportedly restricting US capital in its leading tech firms without government approval, signaling an escalating AI war.

China's economic planning body, the NDRC, has effectively halted Meta's $2 billion acquisition of AI firm Manus. Despite the company reincorporating in Singapore and moving its operations, Beijing intervened, barring founders from leaving and ordering the deal unwound. This move signals a significant shift in China's oversight of tech deals, impacting future foreign investments.

Ancestral homes of Birlas, Khaitans and many more were built as living art galleries. Now empty and uncared for, they’re a target for land mafia

The Gauhati high court had on April 24 rejected Khera's plea for anticipatory bail in the case registered against him by the Crime Branch of Assam Police in Guwahati. The case against Khera was registered after he claimed at a press brief that Assam CM's wife Riniki Bhuyan "holds multiple foreign passports and undisclosed assets abroad".