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…
What are the most valuable assets for a country — gold, silver, currency? In Emilia-Romagna, northern Italy, the answer looks far less conventional. Here, vast climate-controlled warehouses store one of the region’s most unusual forms of wealth: hundreds of thousands of wheels of Parmigiano Reggiano cheese, slowly ageing and quietly getting more valuable over timeTo…
Venezuela’s oil is flowing across the world again, and at its fastest pace in more than seven years. In April, the country’s crude exports jumped 14% to 1.23 million barrels per day, powered by stronger demand from the United States, India and Europe, according to shipping data and internal documents from state-run PDVSA.The sharp rise…
The ongoing Middle East crisis has shaken global oil and gas supplies, with the Strait of Hormuz coming under intense pressure amid tensions between Iran and the US. At a time when one of the world’s most critical energy corridors is under severe strain and supply chains remain disrupted, India is making a push to…
The Middle East conflict is once again shaking global oil markets, and its impact is being felt far beyond the region. As tensions rise, crude prices are shooting up and so is the pressure in India. The government now faces a tough choice: protect consumers from higher fuel prices or help state-run oil companies struggling…
Air India is set to cut down almost 100 of its domestic and international flights till July as rising jet fuel prices and airspace restrictions make several overseas routes too expensive to run, deepening the crisis for the already loss-making airline. Air India CEO and managing director Campbell Wilson told employees on Friday that the…
Spirit Airlines, one of America’s most recognisable low-cost carriers, is ending its journey after more than three decades in the skies, announcing an immediate shutdown. Speaking on Saturday, the airline said that it had begun “an orderly wind-down of our operations, effective immediately,” closing the chapter on a 34-year run that transformed budget travel with…
MUMBAI: Nvidia, the global US-based chip giant that’s at the forefront of the ensuing AI revolution across the world, now has a market capitalisation more than the total market cap of all the companies listed in India. Compared to the company’s valuation of $4.91 trillion during opening trades on Friday, India’s was at $4.88 trillion…
NEW DELHI: Apple’s India business is accelerating across categories, with the company reporting double-digit growth in iPhone, iPad and Mac during its latest quarter. Highlighting the momentum, CEO Tim Cook told analysts during the company’s earnings call that he is “over the moon excited about India,” indicating the market’s growing importance even as global demand…
NEW DELHI: India’s passenger vehicle market opened the new fiscal on a strong note, with April sales estimated at around 4.5 lakh units, marking a roughly 27% increase over 3.5 lakh units in the same month last year. The growth was led by strong performances across major automakers and sustained demand for utility vehicles.Maruti Suzuki…