Latest Updates Around The World
M Nagaraju, Secretary, Ministry of Financial Services The finance ministry is considering increasing foreign direct investment (FDI) in public sector banks from the current 20 percent to 49 percent, a move that could bring them on par with private banks. The Union government’s shareholdings in 12 public sector banks (PSBs) have not declined since 2020. […]
India plans to more than double the current limits on foreign direct investment in state-owned banks. The Indian government is conducting inter-ministerial consultations to increase the limit on foreign direct investment in state-owned banks from 20 percent to 49 percent, India’s Financial Services Minister M. Nagaraju told reporters on Monday. Foreign interest in the Indian […]
Navigating Chinese Investments | Photo credit: Pakawadee Wongjinda A week after the US Tiktok deal was signed, Haier, a Chinese home appliance maker, announced a deal in India. The Bharti-Warburg Pincus consortium acquired 49 percent of Haier India, with a 2 percent stake reserved for Indian management. This leaves Haier with a 49 percent minority […]
Foreign direct investment (FDI) inflows into India are expected to show robust growth through 2026, supported by strong macroeconomic fundamentals, major investment announcements, continued efforts to improve ease of doing business, and a new generation of investment-related trade agreements. To ensure that India remains an attractive and investor-friendly destination, the government continuously reviews FDI policies […]
Veteran banker Uday Kotak on Thursday welcomed MUFG Bank’s move to buy a 20% stake in Shriram Finance, but questioned whether the company would continue as a non-banking financial company (NBFC) or file as a bank. He noted that the current NBFC structure offers significant growth potential without the regulatory constraints faced by banks. “Happy […]
Ignoring a trillion-dollar Chinese surplus or pretending that it has no impact on global investment flows does not strengthen India’s position | Photo credit: Tyrone Siu China’s exports have reached a milestone that should be alarming, if not shocking, to policymakers around the world: a trade surplus of about $1 trillion. It’s a big enough […]
MUMBAI: Shares of PSU Bank fell over 5% on Wednesday after the finance ministry clarified that it is not considering any proposal to increase the foreign direct investment (FDI) limit in state-run lenders from 20% to 49%, Our Bureau reports. Analysts said valuations may not be cheap after the recent surge and further profit bookings […]
