Govt relaxes FDI investment rules from China, other neighbouring countries
The decision, seeks to streamline investment approvals under Press Note 3 (PN3) while maintaining safeguards on strategic investments from land-bordering countries.
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No trigger yet for dramatic private capex surge in India, corporate credit to stay muted: Moody’s
Amit Pandey, Vice President – Financial Institutions Group at Moody’s Ratings, said India’s private capital expenditure cycle remains steady but lacks a clear trigger for a dramatic acceleration. While corporate investment is happening and the economy continues to grow at…
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Centre sets up panel with OMCs to prioritise LPG supply for non-domestic use
The government has formed a special committee to manage LPG supplies. This committee will review requests and prioritize non-domestic users like hospitals and schools. The move comes as global fuel supply disruptions impact India’s LPG imports. The automotive industry had…
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Currency, tax risks tempering private equity optimism in India, investors say
Private equity investors face challenges in India due to currency depreciation and high taxes. The Indian rupee has weakened against the dollar. Capital gains tax also impacts returns. While India’s growth outlook is strong, these factors limit investor gains. Fund…
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Crude above $100 raises risks for inflation, rupee and India Inc margins
Rising crude oil prices above $100 per barrel due to the US-Iran conflict are creating significant concerns for India’s economy. The nation, heavily reliant on oil imports, faces risks of increased inflation, a wider current account deficit, and pressure on…
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I-T sleuths reveal suppression of sales worth Rs 408 crore by 62 restaurants
A nationwide survey conducted by the Income Tax Department on 62 restaurants across 46 cities in 22 states has revealed suppression of sales amounting to around Rs 408 crore, Finance Ministry said on Monday.
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