Economy

India proposes 100% FDI in insurance to boost sector growth and coverage

India introduced a bill to allow 100% FDI in insurance, aiming to expand coverage and improve sector regulation.

Rupee Depreciation Impact: 9% Real Decline Could Reshape India's Economy

The rupee's real depreciation around 9% in 2025 impacts inflation, trade balance, and corporate margins amid capital flow strain and trade deal uncertainty with the US.

Mumbai's AAI Radar to Relocate, Freeing Land for Affordable Housing

Mumbai's Dahisar radar will be relocated to Gorai, enabling affordable housing on newly freed land.

France urges delay of EU-Mercosur trade deal vote over agricultural safeguards

France demands stronger safeguards before EU votes on Mercosur trade deal, aiming to protect European agriculture.

Nearly Half of Indian Family Businesses Report $1-30 Billion Revenue with 53% Adopting AI, Deloitte Reports

Indian family businesses show robust revenue growth, high AI adoption, and strong ESG focus, with active expansion plans.

Sri Lankan parliament to meet urgently to approve cyclone aid funding

Sri Lanka's parliament will urgently approve funds to aid recovery from Cyclone Ditwah, which caused massive casualties and damage amid financial crisis.

Brookfield to invest $1 billion to build Asia's largest GCC in Mumbai's Powai

Brookfield will invest $1 billion to build Asia’s largest GCC in Mumbai, creating 30,000+ jobs by 2029 with a 20-year lease for a multinational bank.

India approves 100% FDI in insurance, opens atomic energy sector to private firms, reforms higher education and trade

India's cabinet approved full foreign ownership in insurance, liberalized atomic energy for private firms, unified education regulators, and signed a trade pact with Oman to enhance economic growth.

CCI Examines IndiGo for Potential Competition Norms Violation Following Flight Disruptions

CCI probes IndiGo for possible abuse of dominance after major flight disruptions affected thousands.

India's Position in Global AI Race Amid Massive Investments by Microsoft and Amazon

Microsoft and Amazon plan $50bn+ AI investments in India, spotlighting its strong AI talent but infrastructural and policy gaps. India faces competition from US and China in AI infrastructure and funding.

JSW Energy Signs 25-Year Pact to Supply 400 MW to Karnataka Discoms

JSW Energy’s subsidiary signed a 25-year PPA to supply 400 MW to Karnataka discoms from April 2026, enhancing revenue visibility and advancing its 2030 capacity and carbon neutrality goals.

India's Aviation Minister Emphasizes Deregulation and Potential Aircraft Manufacture Amid Airfare Concerns

India's Aviation Minister stated the government can cap airfares in special cases but prioritizes deregulation and domestic aircraft production to support sector growth.