India’s foreign direct investments top $30b in April-September quarter

New Delhi: With India being an attractive destination for foreign funds despite the pandemic, FDI inflow rose 15 per cent during the April-September period to $30 billion. During the same period last fiscal, total FDI inflow stood at $26 billion. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), Mauritius […]

GM plans to seek banking charter for auto-lending business: report

General Motors Co is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto-finance business, the Wall Street Journal reported on Friday, citing people familiar with the matter. The automaker’s finance arm, General Motors Financial Company Inc, has been talking to federal and state banking […]