A Parliamentary Committee on Wednesday recommended a composite foreign investment cap of 49 per cent in the insurance sector and supported a government Bill to amend the Act.
As of now, unlisted companies are not allowed to directly list in overseas markets without prior or simultaneous listing in Indian markets.
Four Hinduja brothers -- Srichand, Gopichand, Prakash and Ashok -- had in 2014 signed on a document saying the assets held by one brother belong to all, and that each of them will appoint the others as their executors. But now family patriarch Srichand Hinduja, 84, and his daughter Vinoo want the letter to be declared of "no legal effect" and the family's assets be separated as per his wish of 2016.
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
An investor would pay much less when he invests through a registered investment advisor than a distributor.
The Pakistan High Commission staffer, who was detained for his alleged involvement in an espionage ring, belongs to the Baloch regiment of Pakistani Army and was on deputation to spy agency ISI since 2013.
This is Modi's first bilateral visit to Myanmar.
The government has received flak for allegedly shielding the corrupt ministers and slow pace of investigation in irrigation scam.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
'The scheduling of Imran Khan's visit to Beijing and its focus on the J&K situation underscores that Beijing shares the Pakistani concern that tensions with India are only going to escalate further in the period ahead,' says Ambassador M K Bhadrakumar.
The government on Friday modified FDI policy allowing unlisted companies to directly list on stock exchanges abroad to raise funds for acquisitions or retiring overseas debts, a move which may help India in containing high current account deficit.
Through the UB Group, Mallya holds 21.98 per cent stake in MCF.
Based on a writ petition filed by some individual investors, the High Court while ordering the status quo on Friday, issued notices to SEBI, BSE, NSE, Sun Pharma, Ranbaxy, Daichii Sankyo and Silver Street Developers.
'Agri reforms need to go beyond the limited concerns of these three laws in improving agriculture productivity in cereal and crop diversification and production patterns.'
'Why did your generals try to grab a few square kilometres of Indian territory in Ladakh?' 'And what happened to the hard work that you and Prime Minister Modi put into the Wuhan and Mamallapuram meets?' Claude Arpi writes a letter to Xi Jinping, China's self-styled supreme leader, who turns 68 today, June 15.
Sebi has time and again voiced its concerns over higher agents' fees.
In the Silicon Valley of India, one can use the cryptocurrency to pay for food, buy bus tickets, order stuff online, and even get a haircut.
'The Election Commission has to deal with money power, intimidation tactics and caste politics.'
Russia has over the past three years provided four Mi-35M combat and cargo helicopters to Pakistan and the militaries of the two countries also held joint drills codenamed 'Friendship'.
Some 404 houses were handed over to the Indian-origin people, mostly Tamils.
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
In a virtual no-man's land ever since India became independent in 1947, more than 9,500 persons living in 51 enclaves in Coochbehar district are exercising their franchise for the first time on May 5.
Dilip Kumar Jha explains what the buyers must do to protect their own interest.
'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
Negotiations on with three brokers holding 5% of about Rs 5,500-crore (Rs 55 billion) overall dues
The recruitment of babus during the Akhilesh government's tenure allegedly favoured applicants from one community -- the Yadavs.
Tourist visa on arrival for 40 more countries including the US, the UK, Brazil, Germany, Canada and Australia, would soon be a reality as the Home Ministry is expected to clear the proposal soon.
Delhi finds itself between the rock and hard place in the coming Sri Lankan election, points out Ambassador M K Bhadrakumar.
The number of cases being admitted and investigated by the Competition Commission of India has fallen drastically in recent years.
The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury
'As for tricky relations with China, India needs less of summitry type event management and more anticipatory analysis and management of events,' says Ambassador Jaimini Bhagwati.
The Sebi chief said that although the idea of an SRO has been challenged in court, he is hopeful of its implementation.
Singh, who was instrumental in building required capabilities in the organisation said his role at Fortis did not allow him to spend time with his family, as the reason behind his resignation.
India and China met and spoke a lot this year, but failed to produce any meaningful results.
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.
One category which stands out is fixed maturity plans due to its tax benefits, notes Prateek Mehta, CEO and company-co-founder, Upwardly.in.
According to the consumer affairs department, these chit funds are operating at a small level.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
