The Reserve Bank of India proposed new rules for overseas fund flows. These draft norms will replace existing regulations governing foreign investment. The framework clarifies eligible entities and defines foreign-controlled entities clearly. It also retains the distinction between direct and portfolio foreign investments. The proposed rules aim to streamline foreign investment into Indian markets.
AI-focused E2E Networks shares hit 5% upper circuit as firm swings to black in Q1, revenue soars 334%
AI-focused cloud provider E2E Networks hit the upper circuit after reporting a sharp turnaround in Q1FY27, posting a net profit of Rs 44 crore against