We are very encouraged by the inclusion of a proposal to raise the limit on foreign direct investment in the Indian Insurance sector from 49 per cent to 74 per cent, Congressman Brad Sherman and Steve Chabot said

The rupee is expected to average around 73.50-74 in FY22, as, despite a vaccine, the COVID-19 frenzy still persists and is likely to continue to grapple the foreign exchange market

\"As against about $313 billion of goods exports last year, we will end the year with almost 93 per cent of that, $290 billion. Now isn't that great,\" Goyal said while addressing the Times Network India Economic Conclave

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The report proposes to \"declare the act of giving a bribe as legitimate activity\", implying that \"the giver of a harassment bribe should have full immunity from any punitive action by the state\"

Stock Market News Update Today: NTPC was top gainers in BSE Sensex pack, followed by HUL, Power Grid Corporation of India, ITC, Reliance, Nestle India, among others

Finance Minister Nirmala Sitharaman asserted that higher foreign investment in insurance industry will supplement domestic long-term resources as well as facilitate insurance penetration in the country

Currently, FDI limit in life and general insurers is capped at 49 per cent, with only Indians allowed to hold ownership and management controls. The bill, once approved, will pave the way for increasing this limit to 74 per cent

Koo app was shortlisted as an awardee for AatmaNirbhar App Innovation Challenge under the social media category as it was an eligible participant to be classified as domestic company as per the extant FDI policy.

The approval will benefit the government exchequer in reducing recurring expenditure on salary and wages of the sick CPSE which is not in operation and earning no income.

Ratan Tata-funded Generic Aadhaar pharmacy chain launches app; to take on online pharmacies; Bill to hike FDI in insurance sector to 74% tabled in Rajya Sabha; Germany, Italy, France suspend AstraZeneca COVID-19 vaccine amid safety fears. Watch this and more news on News Blast.Also Read: Maharashtra in beginning of second wave of COVID-19, says Centre

The amendments to Insurance Act propose to appoint resident Indians on majority of directors on the board and key management positions, with at least 50 per cent of directors being independent directors

The Confederation of All India Traders (CAIT) said its 'purely Indian' Bharat e Market portal will comply with all the rules and regulations of the country

Expansion of FDI limit in insurance sector will lead to better penetration, new sources of funding, access to external know-how that can support insurers' underwriting performance, and unlocking of new operating efficiencies

On Wednesday, the benchmark indices ended higher for the third consecutive session and the Nifty was up 76.40 points or 0.51 per cent at 15,174.8.  Among sectors, metals, IT, pharma and auto gained the most while PSU bank fell marginally

Some Future Retail lease agreements that were scheduled to expire have reportedly been renewed in the name of Reliance Retail. Integration, including training of Future employees, has started between two companies

The thrust on R&D services came after it became one of the fastest-growing segments among India's services exports

While in the year-ago period the sector received USD 6.4 billion FDI, the entire 2019-20 saw overseas investment of USD 7.7 billion, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed

In its report, Freedom House had expressed apprehensions that the world's largest democracy is moving towards authoritarianism under the NDA government headed by Prime Minister Narendra Modi.

Wipro makes its largest acquisition of $1.45 billion in Capco; Walmart-owned Flipkart exploring US IPO through SPAC route; India saw highest number of internet shutdowns in the world in 2020. Watch this and more news on News Blast. Also Read | Tax dept's residency circular of not much help to NRIsAlso Watch | I-T dept finds income discrepancy of Rs 650 cr after raids on Taapsee, Anurag