India okayed just one FDI proposal from China, 13 from Hong Kong in FY26
INDIA NEWS | Sun, 2 Aug 2026, 10:31PM IST
India approved just one Chinese FDI proposal worth Rs 1 crore, while clearing 13 applications from Hong Kong worth Rs 610.42 crore in the last financial year, according to official data.
These approvals are important as investments from countries sharing a land border with India have been subject to prior government approval since April 2020 under Press Note 3 of the Department for Promotion of Industry and Internal Trade (DPIIT).
The measure was introduced to curb opportunistic takeovers and acquisitions of Indian companies during the COVID-19 pandemic.
Overall, the government has approved 63 FDI (foreign direct investment) proposals worth Rs 10,292.67 crore, or USD 1.18 billion, during April 2025-March 2026, according to the DPIIT data.
Singapore emerged as the largest source of approved FDI proposals in value terms, with five proposals worth Rs 3,259.88 crore (USD 382.52 million) receiving clearance.
This was followed by the UK, where five proposals worth Rs 2,477.67 crore (USD
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FSSAI flags USL, INBREW over added flavours
INDIA NEWS | Sun, 2 Aug 2026, 10:14PM IST
As per a statement from the Food Safety and Standards Authority of India (FSSAI), it has sent notices to a number of liquor producers including those of United Spirits Ltd and INBREW Beverages and are accused of adding artificial flavours to the drinks to imitate the drinks' natural characteristics.According to the FSSAI statement, the use of flavouring is not restricted.FSSAI has stated that notices are being sent out because the alcoholic beverage companies are putting in the same flavour into their product that is already being defined as an alcoholic beverage. For example the rum flavour in rum and whisky in whisky.Read More: Lion Brewery makes India comeback after 60 years, targets premium beer marketOn 10th July, FSSAI also sent out notices to the alcohol companies for the violation of Food Safety and Standards (Alcoholic Beverages) Regulations, 2018 for illegal use of additives and other violations which include the claims of age.Last month, when FSSAI sent out the notices to the alcohol companies, it did not reveal the names of companies or of the factories.With the clarification released today, FSSAI has explained that a notice has been sent to United Spirits' plant at Baramati where the company produces McDowell's No 1 Rum.Additionally, it has pointed to USL, which belongs to British liquor major Diageo, Madhya Pradesh plant producing Antiquity Blue Whisky and Royal Challenge Whisky.Read More: Global travel restrictions benefited premium Indian liquor retail: CartelBros Mokksh SaniAnother brand which has made it to the list of names is Mohan Rocky Springwater as well as INBREW Beverages and Associated Alcohol & Breweries.It has also taken steps to conduct several inspections and sampling procedures in Goa at the Murthy & Rankawat distillery.Moreover, notices have been issued to six other manufacturers in the State of Maharashtra in this case and further necessary action to follow soon, the statement said.The FSSAI noticed that the firms did not comply with regulations regarding prohibited use of additives, fake age claims, and blending of flavors.The regulatory authority said that some manufacturers used what they called as added flavors which could imitate the natural profile of the products, for example, in Rum, Brandy, Gin, Malt, and Wine."This amounts to a violation of the regulations according to which these products must have their true natural taste and aroma."
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FSSAI names United Spirits, INBREW in crackdown over added flavours voilation in alco-bev products
INDIA BUSINESS | Sun, 2 Aug 2026, 10:14PM IST
The FSSAI has issued notices to several liquor manufacturers for adding artificial flavors. These companies are accused of imitating natural characteristics in their alcoholic beverages. United Spirits and INBREW Beverages are among the firms receiving these official warnings. The regulatory body also cited violations of additive use and age claims. Inspections and sampling procedures are underway in Goa and Maharashtra.
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LEAP India IPO Gets August 7 Launch Date With Rs 480-Crore Fresh Issue, Rs 2,000-Crore OFS
INDIA MARKET | Sun, 2 Aug 2026, 9:47PM IST
LEAP India will launch its Rs 2,480-crore public issue on August 7 and listing expected August 14.
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1h
Zee to seek legal advice on Sebi order, says fund raise unaffected
INDIA BUSINESS | Sun, 2 Aug 2026, 9:26PM IST
The company says it will take legal steps over SEBI's order while continuing with its fund-raising exercise aimed at strengthening its financial foundation
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Seeking legal advise on SEBI order in land pledge case, no bearing on ongoing fundraising: Zee
INDIA BUSINESS | Sun, 2 Aug 2026, 9:11PM IST
Zee Entertainment Enterprises is seeking legal advice after SEBI barred it from the securities market. The market regulator also prohibited Chairman Emeritus Subhash Chandra and MD Punit Goenka for one year. This action stems from the unauthorised pledge of Hyderabad land to secure promoter-linked loans. The company asserts this order will not impact its fundraising efforts.
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INDIA MARKET | Sun, 2 Aug 2026, 9:02PM IST
Spider-Man: Brand New Day star Tom Holland.
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India clears 1 Chinese FDI proposal in FY26
INDIA NEWS | Sun, 2 Aug 2026, 8:42PM IST
India approved just one foreign direct investment (FDI) proposal from China worth Rs 1 crore during FY26, while clearing 13 proposals from Hong Kong with a combined investment of Rs 610.42 crore, according to official data.The approvals come under the government's Press Note 3 regime, introduced in April 2020, which mandates prior government approval for investments from countries sharing a land border with India. The measure was brought in during the Covid-19 pandemic to prevent opportunistic takeovers and acquisitions of Indian companies.Overall, the government approved 63 FDI proposals worth Rs 10,292.67 crore (about $1.18 billion) between April 2025 and March 2026, data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed.Singapore emerged as the largest source of approved FDI in value terms, with five proposals worth Rs 3,259.88 crore receiving government clearance. The UK followed with five proposals valued at Rs 2,477.67 crore, while two proposals from Thailand worth Rs 1,600 crore were also approved.In March this year, the government eased certain provisions of Press Note 3 by allowing investments with up to 10% non-controlling beneficial ownership from land-border countries to qualify under the automatic route, subject to applicable sectoral caps and conditions.However, the relaxation does not apply to entities incorporated in China, Hong Kong or any other country sharing a land border with India. These countries include China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan.Despite concerns over Chinese investments, India has historically received limited direct FDI from China. Between April 2000 and March 2026, China ranked 23rd among FDI sources, accounting for just 0.32% of total FDI equity inflows into India, with investments worth $2.51 billion (Rs 16,162.25 crore).Hong Kong ranked 15th during the same period, contributing 0.62% of India's cumulative FDI equity inflows, amounting to $4.91 billion (Rs 31,220.30 crore).The latest figures are broadly in line with the previous financial year. In FY25, India had also approved only one Chinese FDI proposal, valued at Rs 28.71 crore. Overall, the government cleared 82 proposals under the approval route that year, involving investments worth Rs 39,758 crore.Hong Kong, meanwhile, received approval for 11 proposals worth Rs 1,225.28 crore in FY25.(With inputs from PTI)
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India Cleared One Chinese FDI Proposal, 13 From Hong Kong In FY26
INDIA MARKET | Sun, 2 Aug 2026, 8:31PM IST
The government approved one Chinese investment proposal worth Rs 1 crore and 13 applications from Hong Kong worth Rs 610.42 crore during FY26, according to DPIIT data.
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Insurers may see claims worth nearly 5,000 crore from Gujurat rains
INDIA BUSINESS | Sun, 2 Aug 2026, 8:30PM IST
Most claims are expected from property insurance, with motor claims likely to follow, but insurers do not expect the losses to trigger a revision in property insurance rates
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More AI, Fewer Jobs? Sridhar Vembu Sounds Alarm On IT Hiring
INDIA MARKET | Sun, 2 Aug 2026, 8:24PM IST
Sridhar Vembu comments on the heart of the IT industry's issue.
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INDIA MARKET | Sun, 2 Aug 2026, 8:20PM IST
Stock market timings change from August 3 as SEBI introduces a Closing Auction Session for F&O; stocks, with F&O; trading extended until 3:40 pm.
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Corporate, personal loans drive 63% of bank credit growth: SBI research report
INDIA BUSINESS | Sun, 2 Aug 2026, 8:16PM IST
Corporate and retail loans fueled bank credit growth during the April-June quarter. Industry and personal loans together accounted for sixty-three percent of this expansion. Petroleum, infrastructure, engineering, and chemicals led industry credit growth significantly. Loans against gold jewellery emerged as the top personal lending contributor. These key sectors drove the overall increase in bank lending.
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Crushed by Kospi rout, angry Koreans rip Lee, vow not to buy stocks again
INDIA MARKET | Sun, 2 Aug 2026, 8:05PM IST
Korean retail investors face steep losses after the Kospi's sharp July reversal, exposing risks from leveraged ETFs, AI-driven rallies and crowded trades.
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Gold, Silver Await Next Big Move As US Jobs Data Looms
INDIA MARKET | Sun, 2 Aug 2026, 8:02PM IST
Uncertainty surrounding the Federal Reserve's interest rate outlook remained the key factor weighing on bullion prices, as policymakers have yet to provide a clear timeline for future policy moves.
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MHT CET CAP Round 1 Seat Allotment Result 2026 OUT; Check, Direct Link And Next Steps
INDIA MARKET | Sun, 2 Aug 2026, 8:01PM IST
MHT CET CAP Round 1 seat allotment result 2026 will be released today
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OPEC+ approves small September quota hike to complete 2023 cut rollback
INDIA MARKET | Sun, 2 Aug 2026, 8:01PM IST
OPEC+ approved a 188,000 bpd output hike for September, completing its planned 2023 supply revival while keeping options open after Middle East tensions ease
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Rescuers Recover Nirmal Purja's Body After Deadly Avalanche
INDIA MARKET | Sun, 2 Aug 2026, 7:54PM IST
The tragedy has sent shockwaves through the global mountaineering community, particularly in Nepal, with leaders, including Britain's Prince William, offering condolences to the families of those who lost their lives.
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A 60-Year Break Ends As Lion Brewery Co Brings Its Premium Beers Back To India
INDIA MARKET | Sun, 2 Aug 2026, 7:47PM IST
British brewer Lion Brewery Co has returned to India after more than 60 years, launching its premium beer portfolio in Delhi.
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OPEC+ Approves 188,000 Bpd Oil Output Hike, But Bigger Supply Boost May Come After War
INDIA MARKET | Sun, 2 Aug 2026, 7:39PM IST
Seven OPEC+ producers, including Saudi Arabia and Russia, will raise their combined oil output target by 188,000 barrels per day from September.
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Foreign investors buy $8.44 bn debt, equity since RBI's June policy
INDIA MARKET | Sun, 2 Aug 2026, 7:37PM IST
Foreign portfolio investors have infused $8.44 billion into Indian debt and equity markets since the RBI's June policy measures aimed at attracting overseas capital
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Shivalik Small Finance Bank completes merger with ManiBhavnam Home Finance
INDIA BUSINESS | Sun, 2 Aug 2026, 7:35PM IST
Shivalik Small Finance Bank completed its acquisition of ManiBhavnam Home Finance India Pvt last week. This strategic merger cost the bank nearly one hundred and nine crore rupees. The deal establishes Shivalik's presence in the affordable housing finance market. ManiBhavnam brings a loan book of three hundred and twenty crore rupees to Shivalik. The bank plans fresh capital infusion to continue its growth trajectory.
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Bokaro Steel posts best Q1 among SAIL plants, Ebitda at 1,154 crore
INDIA BUSINESS | Sun, 2 Aug 2026, 7:33PM IST
SAIL's Bokaro Steel Plant nearly doubled first-quarter Ebitda to Rs 1,154 crore, driven by record production, stronger operational efficiency and improved cost control
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OPEC+ agrees September oil hike
INDIA NEWS | Sun, 2 Aug 2026, 7:31PM IST
LONDON, - OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels per day from September, the producer group said, in a move that completes the unwinding of a layer of voluntary output cuts.Due to export disruptions from the Gulf, Russia and Kazakhstan caused by the Iran and Ukraine wars, successive monthly OPEC+ hikes over most of this year have remained largely on paper with little impact on the market.The September increase agreed by core OPEC+ members - Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman - finishes the phased rollback of a 1.65 million bpd supply cut originally agreed in 2023, when the group still included the United Arab Emirates, which left OPEC in May.Although OPEC+ sources said before the meeting the group would likely pause output increases for the fourth quarter, its statement made no reference to what might be agreed for the last three months of 2026.A pause was still a feasible option, said Jorge Leon, an analyst at Rystad."OPEC+ has finished unwinding its voluntary cuts. The next challenge is managing the surplus that could emerge as export flows normalise," he said."Having completed the restoration campaign, OPEC+ has little incentive to rush into further supply changes. Our base case is a fourth-quarter pause while the group prepares for the 2027 quota negotiations."OPEC REVIEWING CAPACITY BEFORE SETTING 2027 QUOTASA separate OPEC+ meeting of a panel called the Joint Ministerial Monitoring Committee also met, OPEC said on Sunday, and reiterated concern about attacks on energy assets during the U.S.-Israeli war on Iran, saying they were expensive and time-consuming to repair and so have an impact on supply.With September's output hike now agreed, OPEC+ still has in place one more layer of output cuts that apply to most of the group's members. Those roughly 2 million bpd in cuts date back to 2022 and are due to remain in place until the end of this year.OPEC+ is carrying out a review of its members' oil production capacity that will be used for the 2027 output baselines from which quotas are set.It faces potentially difficult talks over new production quotas, with some members, including Iraq, pushing for higher individual quotas to reflect their higher capacity.OPEC+ includes 21 members, comprising the Organization of the Petroleum Exporting Countries along with Russia and other allies.In recent years only the seven core countries, and the UAE until its departure, have been involved in monthly production management.The seven members will hold their next meeting on September 6.
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OPEC+ agrees September oil hike, completing rollback of voluntary cuts
INDIA BUSINESS | Sun, 2 Aug 2026, 7:31PM IST
OPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cuts made earlier. The group is reviewing production capacity before setting new quotas for 2027. Attacks on energy assets remain a concern impacting supply and repairs.
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Lodha Developers To Monetise 150 Acres At Data Centre Park, Eyes Rs 10,000 Crore
INDIA MARKET | Sun, 2 Aug 2026, 7:31PM IST
Lodha Developers is also preparing to enter the National Capital Region housing market with its first residential project in the NCR during the current financial year.
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Vedanta guides for $10 billion Ebitda, 20,000 crore debt cut in FY27
INDIA BUSINESS | Sun, 2 Aug 2026, 7:27PM IST
CFO says group expects to cut debt by more than Rs 20,000 crore in FY27
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Silver Screen To Bronze Medal: How Watching 'Mary Kom' Inspired Pakistan's CWG Prodigy
INDIA MARKET | Sun, 2 Aug 2026, 6:51PM IST
Gold medallist India's Priya Ghanghas, second left, silver medallist Canada's Marie-Bathoul Al-Ahmadieh, left, and bronze medallists England's Lucy Kings Wheatley, second right, and Pakistan's Fatima Zahra.
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India may restore transmission fee waivers for delayed clean energy projects
INDIA BUSINESS | Sun, 2 Aug 2026, 6:48PM IST
India's electricity regulator proposes transmission charge waivers for delayed clean energy projects. This policy reversal aims to assist solar, wind, and hybrid projects facing infrastructure delays. The waiver applies to projects with power sale contracts signed by December 2026. Battery storage systems alongside renewable projects will also receive these benefits.
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