Picture used for illustrative purpose.
India has stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak.
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com, to restructure their ties with some major sellers.
India’s key stock markets continued their bull run during Tuesday’s trading session as budget decisions continued to boost positive sentiments. Sensex of the Bombay Stock Exchange (BSE)
India’s strong economic recovery, an expectation of low-interest environment and improved asset income visibility may drive investments in 2021, according to a survey on capital markets by property consultancy firm JLL India.
Brent crude was up by 4 cents at $66.62 a barrel by 05:51 GMT while US West Texas Intermediate futures edged 3 cents lower to $63.12 a barrel.
Spot gold was up 0.2% at $1,740.04 per ounce by 05:05 GMT while US gold futures rose 0.2% to $1,740 per ounce.
Arabian Travel Market (ATM) has announced that the final preparation of their 2021 edition annual showcase are underway, with the event set to take place in-person at the Dubai World Trade Centre (DWTC) on 16th May and conclude on 19th May, 2021, as
Goldman Sachs Group Inc on Wednesday easily beat Wall Street expectations for first-quarter profit, as the US investment bank capitalized on record levels of global dealmaking activity and a coronavirus-driven boom in stock market trading.