India now permits full foreign ownership in insurance firms. However, industry experts believe this change will not immediately bring many new foreign companies. Setting up an insurer requires substantial investment and a long-term view in a competitive market. Existing joint ventures might see increased stakes, but new ventures from scratch are unlikely.
Can CMR Green’s IPO deliver long-term gains for high-risk investors?
CMR Green Technologies, a non-ferrous metal recycler, plans to raise ₹630 crore via an offer for sale. The company, heavily reliant on recycled aluminium, faces