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Make sure Lalit Modi returns to face trial: Chidambaram tells govt

 Rejecting allegations of vendetta levelled against him and the United Progressive Alliance, former finance minister P Chidambaram on Wednesday demanded that the government should ensure that Lalit......

Govt amends FEMA rules to allow 20% FDI in LIC

 The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. The government is......

Will end of Bezos-Murthy's e-com JV hit Amazon's biz?

 The end of the JV could see several small businesses running from pillar to post to reconfigure themselves and re-enter the market in their individual capacity. Last year in January at......

100% FDI in PSU refiners gets nod; to aid BPCL sale

 Current policy restricts FDI in oil PSUs to 49%; most bidders who have shown interest in acquiring BPCL have foreign investment. Illustration: Uttam Ghosh/Rediff.com The Union Cabinet on Thursday......

74% FDI under automatic route in defence sector allowed

 Foreign investments in the defence sector would be subject to scrutiny on the grounds of national security and the government reserves the right to review any FDI in the sector that affects or may......

Not just China, Hong Kong too may come under new FDI rules

 FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was......

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