The door India left ajar: Economic ties with China see a calibrated reset with easing of FDI rules – explained

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…

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Snabbit raises $56 million, company valued at $390 million

Bengaluru: Snabbit has raised $56 million as it looks to consolidate its position in India’s fast-growing on-demand home services market. The round was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments, and Bertelsmann India Investments. The funding values the startup at about $390 million, sources told TOI. Founder and CEO Aayush Agarwal declined to…

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India reviews duty sop on Scotch in UK trade deal

NEW DELHI: Govt is reviewing tariff concessions on Scotch and some other products proposed in the trade agreement with the UK if its concerns over steel quotas and duties are not addressed before the treaty is ratified.“We have to rebalance the FTA… We haven’t made up our mind, but we can consider action on certain…

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Combined impact of climate change & rapid devpt triggers landslides: Study | Bhubaneswar News

Bhubaneswar: Landslides are triggered by the combined impact of climate change and rapid development — not just extreme rainfall and unstable terrain, but human activities as well — a new study by Balasore-based Fakir Mohan University teachers, along with international collaborators, has found. It has recommended reforestation, regulated construction and targeted monitoring in high-risk zones.The…

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