foreign investment limit News

India Insurance Bill Could Attract More Than $3 Billion in Foreign Investments

Indian companies with insurance ventures, including Max India Ltd. and Reliance Capital Ltd., are poised to benefit from higher foreign-shareholding limits that may draw more than $3 billion from overseas investors. The passage of a bill raising the amount foreign …

India Raises Insurance Investment Cap in First Big Win for Modi

India’s parliament voted to increase the foreign investment limit in the insurance industry, the first major legislative victory for Prime Minister Narendra Modi as he seeks to overhaul Asia’s third-biggest economy. The bill, stuck in parliament since 2008, will allow …