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overseas investment: Investors welcome dropping of ‘India connect’ on overseas investment, look forward to re-opening of ODI limit

Markets regulator, Securities and Exchange Board of India (SEBI) has eased some norms governing overseas investments by Indian private equity and venture capital funds. This decision has widened the scope of the capital that can be invested in foreign shores. The SEBI circular dated August 17 states that desi PE-VC funds are permitted to invest …

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India says no pressure on it to limit energy purchases from Russia

NEW DELHI: India said on Friday there was no pressure on it from Western countries or anywhere else over its energy purchases from Russia, as Indian firms step up imports of oil and coal from the country shunned by some governments for its invasion of Ukraine. India, the world’s third-biggest crude importer, overtook China to …

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GVK Power & Infra resumes shares online trading after a year, stock locked at lower limit

Shares online trading after a year, stock locked at lower limit- Shares online trading of GVK Power & Infrastructure were locked at the 5 per cent lower circuit at Rs 5.61 on the BSE on Friday after revocation of suspension on trading in equity shares of the company with effect from today.The stock of the …

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Americans limit air conditioning as electric bills soar amid heat wave

New York CNN Business  —  Even when the temperature soars into the 90s, Linda Morris won’t turn on her air conditioning until she feels she’s about to faint. Instead, the retired postal worker tries to escape the heat in the unfinished basement of her Hickory Hills, Illinois, home. She brought down a chair so she …

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