The Indian Parliament has passed a bill permitting foreign direct investment (FDI) of up to 100% in the insurance sector. The legislative change removes the earlier cap and allows foreign investors to hold complete ownership in insurance companies operating in India. Under the previous framework, FDI beyond 74%…
India has added significant capacity in the bioenergy segment over the past decade, with the installation of 2,361 MW of biomass-based power projects and 228 MWe of waste-to-energy facilities. In addition, around 2.88 lakh biogas plants have been set up nationwide to support the adoption of sustainable energy…
The Union Government has provided an update in Parliament on the implementation and progress of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. The information was shared in a written reply during Lok Sabha proceedings by the Union Agriculture Minister. Cumulative Fund Transfers Since the launch of the…
Jio Financial Services Limited (JFS) has appointed Venkata Peri as its group chief operating officer, filling a key leadership position that had been vacant since mid-2024. The appointment aligns with the company’s ongoing efforts to scale its presence across lending, asset management, and technology-led financial services. Appointment Details…
Titagarh Rail Systems Limited has expanded its business footprint beyond conventional rolling stock manufacturing with the receipt of its first order from Indian Railways in the safety and signalling systems domain. The contract marks the company’s entry into advanced, technology-driven railway infrastructure solutions. Order Scope and Timelines The…
Multi Commodity Exchange of India Ltd. (MCX) has declared a subdivision of its equity shares following approval from its shareholders. Under this corporate action, the existing equity shares with a face value of ₹10 each will be split into five equity shares of ₹2 each. The record date…
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a monetary penalty of ₹1 crore on Care Health Insurance after identifying significant shortcomings in its claims settlement practices and policyholder communication, according to media reports. Findings from Regulatory Inspection The penalty stems from a remote inspection…
GVP Infotech Limited has obtained approval from the Reserve Bank of India (RBI) to operate as a payment aggregator, marking an important step in its participation in India’s regulated digital payments framework. Regulatory Approval Details The RBI has issued a certificate of authorisation to GVP Infotech under the…
GMR Power: Board approves fundraise of up to ₹1,200 crore via preferential equity issue and convertible warrants. Cyient: Singapore arm to acquire 65%+ stake in US-based Kinetic Technologies for $93 million; completion expected by April 2026. KPI Green Energy: Signs $4 billion MoU with Botswana for 5 GW…
Spandana Sphoorty Financial Ltd has successfully completed the allotment of 8,500 secured redeemable non-convertible debentures (NCDs) worth ₹85 crore and approved a three-tranche expansion program totaling up to ₹425 crore, marking a significant step in the company’s debt capital market strategy. Completed NCD Allotment The initial tranche was…