Union Cabinet has approved changes to the foreign direct investment (FDI) policy governing investments from countries sharing land borders with India, including China, by amending Press Note 3 of 2020. Govt introduced a 60-day decision timeline for proposals in certain manufacturing sectors and clarifying rules around beneficial ownership.The decision, seeks to streamline investment approvals under…
MUMBAI: Gems and jewellery exports grew 4% year-on-year to $2,681 million (Rs 24,340 crore) in Feb, following the industry’s diversification into other markets, according to the Gem and Jewellery Export Promotion Council (GJEPC).Overall exports stood at $2,581 million (Rs 22,460 crore) in same month of 2025, GJEPC data showed. “Past year has been challenging for…
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US President Donald Trump (AP photo) US President Donald Trump on Monday issued a fresh warning to India, reiterating that the US will raise tariffs on New Delhi “if they don’t help on Russian oil issue,” once again tying his threat to the Russia-Ukraine war and India’s alleged role in bolstering Moscow through continued crude…
David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division. Goldman said the acquisition, expected to close in the…
Growth in India’s eight core infrastructure industries eased to 2.3 per cent in February, down from 3.4 per cent in the same month last year, reflecting weakness in energy-linked segments even as output expanded in several manufacturing-oriented sectors.According to official data, production of crude oil, natural gas and petroleum refinery products declined during the month,…
Crypto wealth platform Abra said it plans to go public through a merger with special purpose acquisition company New Providence Acquisition Corp. III in a deal that values the firm at $750 million. The combined company will be renamed Abra Financial Inc. and is expected to list on Nasdaq under the ticker ABRX, according to…
Crypto Daybook Americas will not be published on Monday, Feb. 16 due to the Presidents’ Day holiday in the U.S. We will be back on Feb. 17. By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$66,560.23 is on track for a fourth straight weekly decline in its longest negative streak since mid-November. The…
As SpaceX potentially readies to begin the progress of going public in the coming days, investors already have funds to play it. The Information reported Tuesday that the Elon Musk-run startup is looking to file its initial public offering prospectus with regulators as early as this week. Advisers involved said the company could raise more…
