With an aim to provide impetus to early-stage startups, markets regulator Sebi has increased the maximum investment limit by angel funds in venture capital undertakings to Rs 10 crore from the current Rs 5 crore. In this fast changing ecosystem, wherein angels are investing much higher amounts, such increase is needed to provide more opportunities to angel funds, industry experts believe.

NEW DELHI: Markets perked up on Wednesday, as value buying set in ahead of a decision on monetary policy by the Reserve Bank of India (RBI) where it is widely expected to keep benchmark interest rates on hold.

An increasing number of economists expect the central bank to raise interest rates, a Reuters poll showed, but most still think it will stay put and use this week’s meeting to prepare for a rate increase in August.

New Delhi: Former oil secretary Vivek Rae has resigned as independent director from the board of Indian Oil (IOC) owing to differences with the company management.

In a regulatory filing, IOC said, "Vivek Rae, independent director, has ceased to be a director on the board of IOC with effect from June 4, 2018, consequent upon his resignation on June 3, 2018."

India cricket captain Virat Kohli is among the world’s highest-paid athletes, according to a Forbes’ compilation topped by American boxing champion Floyd Mayweather.

Kohli, the only sportsperson from India to be featured in the list, is ranked 83rd with earnings of USD 24 million.

The rupee strengthened by 11 paise to 67.04 against the dollar at the interbank forex market today ahead of the announcement of RBI’s monetary policy amid fresh selling by exporters and higher opening of the domestic equity markets. Dealers said besides fresh selling of dollar by exporters, dollar’s weakness against some currencies overseas amid lingering concerns about global trade supported the rupee.

India may be the biggest beneficiary of solar industry reforms in China that are poised to reduce prices for photovoltaic panels. China announced last week it was halting approvals of some new solar projects this year and cutting subsidies to developers to ease its pace of expansion. That’s expected to slow demand in the world’s biggest market, weakening prices, and force the country’s manufacturers to ship more panels overseas.

The government is weighing an option to rope in the National Investment and Infrastructure Fund (NIIF), apart from NTPC, to take over some stressed power assets, a senior official told FE. A detailed proposal is expected to be discussed at a meeting that will be soon convened by the finance ministry to resolve the issue of massive bad loans in power — estimated at Rs 1.77 lakh crore — following last week’s order by the Allahabad High Court.

Bank of Baroda (BoB) on Tuesday raised its marginal cost of funds-based lending rates (MCLRs) by five basis points (bps) across tenures, a days ahead of the Reserve Bank of India’s (RBI) monetary policy review. The one-year MCLR at the bank now stands at 8.45%. The new rates come into effect on Thursday.

MUMBAI: Betting big on greener vehicles for the future, Tata Motors in a presentation to investors on Tuesday informed that it is working on close to a dozen electric and hybrid vehicle solutions in the commercial vehicle space and is simultaneously moving towards adedicated electric vehicle platform in the passenger vehicle front.

When Narendra Modi took office as India's prime minister just over four years ago, a top priority for the economic reformers who had supported his candidacy was the privatization of India's incredibly inefficient public sector. Among their biggest targets was the state-run airline, Air India -- a clunky, loss-making behemoth that has long been rendered irrelevant by buzzy domestic competitors. I would personally have cheered that outcome:

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