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 businesses, experts said.
The development comes a day after a shootout near Delhi's Jama Masjid, which left two Taiwanese tourists injured, prompted authorities to place both New Delhi and Mumbai on red alert.
Sunday Times reports Tata Group has agreed in principle to invest pound 100 million alongside refinancing.
According to a report in the Sydney Morning Herald, Starc, who didn't figure in any game for KKR last year after getting injured in the Test series against South Africa, has filed a lawsuit in the Victorian County Court last week against the insurers of his lucrative IPL deal.
Moti has been described in UK court proceedings as a "senior member" and "top lieutenant" of D Company.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
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