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Relaxed FDI rules: No gains for BYD as EVs kept out
March 12, 2026
|Financial Express Kolkata
CHINESE ELECTRIC VEHICLE maker BYD will have to wait longer to push ahead with its manufacturing plans in India despite the government's decision to ease some restrictions on investments from countries sharing a land border with India.
The latest relaxation of the rules under Press Note 3 does not extend to electric vehicle (EV) manufacturing, meaning proposals from Chinese EV makers will continue to require full government scrutiny.
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Financial Express Kolkata
Mis-selling, valuation key threats for AIFs: Pandey
WHILE ALTERNATIVE INVESTMENT fund (AIF) investments have seen massive growth over half a decade, the industry still faces three major challenges such as mis-selling, opaque valuation, and capital availability for sunrise sectors, the Indian markets regulator said.
1 mins
March 12, 2026
Financial Express Kolkata
Odisha retains top position in NITI's fiscal health index
ODISHA RETAINED ITS top position in the latest Fiscal Health Index (FHI) 2026 released by NITI Aayog, securing an overall score of 73.1.
1 mins
March 12, 2026
Financial Express Kolkata
Restaurant closures deliver a blow to gig workers, food apps
AS THE WAR ENTERS DAY 12, BUSINESSES & CONSUMERS HAVE BEGUN TO FEEL THE HEAT, ALTHOUGH IN VARYING DEGREE
1 mins
March 12, 2026
Financial Express Kolkata
Easing of PN-3 may help about 600 FDI applicants
RELAXING APPROVAL PROCEDURES governing investment from countries sharing land borders with India will help speed up the clearance of proposals from among the 600 applications that were awaiting approvals, officials said on Wednesday.
1 min
March 12, 2026
Financial Express Kolkata
Oil surge risks over 50 bps dent to FY27 GDP, say economists
A SUSTAINED SURGE in crude oil prices amid the US-Israel-Iran conflict could shave off more than 50 basis points from India’s gross domestic product (GDP) growth in FY27, economists warned on Wednesday.
2 mins
March 12, 2026
Financial Express Kolkata
Record 400 mn barrels of oil to be released: IEA
The International Energy Agency (IEA) recommended the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the US-Israeli war with Iran.
1 mins
March 12, 2026
Financial Express Kolkata
Paints may become dearer in April
AS THE WAR ENTERS DAY 12, BUSINESSES & CONSUMERS HAVE BEGUN TO FEEL THE HEAT, ALTHOUGH IN VARYING DEGREE
2 mins
March 12, 2026
Financial Express Kolkata
Modernising enterprise architecture is the real challenge
Technology shifts driven by artificial intelligence (AI) are reshaping the IT services industry, even as market volatility weighs on technology stocks. Sandip Patel, managing director, IBM India and South Asia, in an interaction with Ojasvi Gupta, spoke about AI-led code modernisation, hybrid cloud strategy and talent development. Excerpts:
2 mins
March 12, 2026
Financial Express Kolkata
Govt defers plan to include free drugs under CSR rules
THE GOVERNMENT HAS gone back on a plan to make it mandatory for pharmaceutical companies to spend a certain portion of their Corporate Social Responsibility (CSR) funds towards providing free drugs to medicine banks for use by the central government during health emergencies, disasters, or any other circumstances.
1 min
March 12, 2026
Financial Express Kolkata
A first: SC allows passive euthanasia for man in coma for over 13 years
THE SUPREME COURT (SC) on Wednesday allowed the withdrawal of artificial life support to a 32-year-old man, in a coma for more than 13 years, saying that the govern “Secondly, it has been conclusively determined that the continued administration of the same is no longer in the ‘best interests’ of the applicant.
2 mins
March 12, 2026
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