A Securities and Exchange Board of India (Sebi)-constituted committee has proposed wide-ranging changes to the foreign portfolio investment (FPI) regime, aimed at boosting capital flows into the country by improving ease to doing business, especially for large and well-regulated global institutions.

New Delhi: IT services major Infosys on Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank's wholly-owned Stater NV.

In March, the country's second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore). ABN AMRO continues to hold the remaining 25 per cent.

New Delhi: ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), on Friday reported a 71 per cent jump in its 2018-19 fiscal year net profit on the back of a spike in crude oil production.

Consolidated net profit in April 2018 to March 2019 period at Rs 1,682 crore was 71.4 per cent higher than Rs 981 crore net profit in the previous financial year, the company said in a statement here.

The country's largest lender SBI will conduct a customer outreach programme next week to address their queries and seek suggestions to improve services.

The 'Mega Customer Meet', to be held on Tuesday, is expected to engage with 1 lakh bank customers across 500 locations through 17 local head offices across the country.

The government has put top consultancy firm EY to work for divesting its stake in flag carrier Air India and "quickly" issue expression of interest (EoI).

"EY continues to be the transaction advisor for the sale of Air India. We have been directed to close the accounts for FY 2018-19 and provide updated data for EoI to take the disinvestment process forward," said a senior Air India official.

Commercial vehicle major Ashok Leyland Friday reported 12.12 per cent decline in net profit at Rs 652.99 crore for March quarter, 2018-19.

The company posted a profit of Rs 743.12 crore for the same period of 2017-18.

NewSpace India Limited (NSIL), the commercial arm of Indian Space Research Organisation (Isro), was officially inaugurated in Bengaluru on Thursday. NSIL's main objective is to scale up industry participation in Indian space programmes.

NSIL was inaugurated by Isro's honorary adviser, Dr K Kasturirangan in the presence of chairman Dr K Sivan.

New Delhi: Five years after the Modi tsunami decimated the Opposition, the Congress in particular, it returned with a greater force on Thursday to finish off whatever remained of the adversary. Prime Minister Narendra Modi’s charisma and magic virtually turned India into a “lotus garden” with the final tally by Thursday evening coming close to the NDA’s “Mission 350”.

The BSE Sensex on Thursday jumped more than 1000 points to hit the magical 40000-mark on a bout of initial euphoria over the general election results but thereafter retreated because of profit-booking.

The BSE Sensex on Thursday jumped more than 1000 points to hit the magical 40000-mark on a bout of initial euphoria over the general election results but thereafter retreated because of profit-booking.At the end of the day, the benchmark index fell 298.82 points, or 0.76 per cent, to end at 38811.39 points.

Revival of ailing telecom public sector firms, 5G technology trials and a new round of spectrum auction will be among the top priorities for the new government.

Some of the crucial decisions have been pending owing to the general elections for the past few months.

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