NEW DELHI: Nearly six years after India tightened scrutiny of foreign direct investment from countries sharing land borders, the government has initiated a recalibration of the framework governing such investments, allowing minority ownership structures routed through overseas entities to access the automatic route while retaining approval requirements for direct investments from neighbouring jurisdictions.The Union Cabinet…

NEW DELHI: The Indian Overseas Bank has issued an official statement after a man in Odisha exhumed and brought his deceased sister’s remains to a branch in Keonjhar district on 27 April, in an attempt to withdraw money from her account, amid reports alleging misconduct by bank officials.In its clarification, the bank issued clarification on…

When Elon Musk was up in arms with Donald Trump, when he memorably mocked Trump for being on the Epstein files before deleting his tweets, he briefly consulted Curtis Yarvin, a former computer engineer turned political blogger who often argues for replacing American democracy with a CEO-style monarchy or an American Caesar. Yarvin might not…

In a sweeping and symbolic mandate, BJP on Monday stormed to power in West Bengal, winning 206 seats to secure a more than two-thirds majority and bringing an end to the Trinamool Congress’s 15-year rule.The scale of the victory, marked by chief minister Mamata Banerjee’s defeat in Bhabanipur to BJP’s Suvendu Adhikari, has firmly positioned…

In the upcoming week, gold prices will be shaped by developments in US–Iran peace negotiations, movements in crude oil rates and a series of macroeconomic data releases. Analysts have said that speeches by officials of the US Federal Reserve could also play a key role in shaping interest rate expectations, which in turn may guide…