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The United States on Friday imposed sanctions on 10 individuals and companies, including entities based in China and Hong Kong, accusing them of helping Iran procure weapons components and raw materials used in its Shahed drones and ballistic missile programme.The sanctions, announced by the US Treasury Department, come days before US President Donald Trump is…
India’s leather and footwear industry is struggling with high input costs due to the ongoing Middle East crisis and is seeking import duty exemptions on essential raw materials, machinery and components. Industry representatives have taken up the issue with the commerce and industry ministry, warning that the disruption has sharply raised the cost of several…
The central government on Saturday announced 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing full foreign ownership in the sector. The move is expected to increase foreign participation in India’s insurance industry. Foreign investment in Indian insurance companies and intermediaries will now be allowed up to 100% of the paid-up…
Institutional investments in India’s real estate sector stood at $1.6 billion during January-March 2026, rising 26 per cent year-on-year but falling sharply 52 per cent from the previous quarter amid the Middle East conflict.Investments had totalled $1.27 billion in January-March 2025 and $3.35 billion in the October-December quarter of last year, according to Cushman &…
NEW DELHI: Amidst the conflict in West Asia, output in India’s eight core infrastructure industries contracted 0.4% in March, the first since last Oct, as four of the sectors registered a decline in production during the month, latest official data released Monday showed. Fertiliser output (-24.6%) saw the steepest contraction in March as plants went…
NEW DELHI: Government may hike the foreign direct investment (FDI) limit in the pension sector to up to 100% and a Bill in this regard is expected in the next Parliament session, according to sources. This would align with the insurance sector where up to 100% FDI is permitted.Last year, Parliament approved a Bill to…
In upcoming years, India’s transmission and distribution (T&D) sector is expected to see steady growth, lifted by investment of almost Rs 9 trillion or Rs 9 lakh crore through 2032. According to a report by Motilal Oswal Financial Services, the current investment cycle, which began in FY22-23, has already improved performance across the sector.It noted…
Prime Minister Narendra Modi is set to visit Rajasthan on Tuesday, where he will dedicate a major refinery-cum-petrochemical complex to the nation. The plant, located at Pachpadra in Balotra, has been developed by Hindustan Petroleum Corporation Limited in partnership with the Rajasthan government. The refinery is set to reduce reliance on energy imports and boost…
Kudankulam nuclear power plant NEW DELHI: India has moved closer to opening its nuclear power sector to foreign investment, with the Atomic Energy Commission approving a new foreign direct investment (FDI) framework, an official indicated.Speaking at a workshop in Delhi recently, Seema S Jain, member (finance) from the Department of Atomic Energy, said the policy…
India and Russia on Thursday held a round table to strengthen cooperation in the steel sector, focusing on supply chains, technology and research collaboration amid global uncertainties.A Russian delegation comprising industry representatives participated in discussions with Indian counterparts, enabling exchange of views on key issues such as raw material sourcing, technological collaboration, equipment manufacturing and…
