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#FILIP: India to raise FDI limit in insurance sector to 49 percent

Prime Minister Narendra Modi’s government on Thursday announced plans to nearly double the proportion of foreign investment allowed in India’s $60 billion insurance business to 49 percent. The proposal, which requires the approval of both houses of parliament, would bring foreign investment worth up to $2 billion into the sector …

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#FDI: TESCO unveils plan to invest $110 million in India Retail

British supermarket giant Tesco is all set to become the first foreign mega-retailer to enter India’s booming retail sector after revealing plans to buy a stake in a retailer owned by the Tata Group. Tesco, the world’s third-largest retailer, announced that it has submitted an application to India’s Foreign Investment …

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