Insurance is set to be next for government's investment reform.

The Bombay High Court has granted telecommunications company, Vodafone, relief from a $490m bill for allegedly underpricing its shares in a historic rights issue.

Japan has pledged more than $30bn of investment in India, following a visit by Indian prime minister, Narendra Modi, to the country.

The new government of Narendra Modi has laid out plans to loosen India's strict FDI rules, but is facing opposition in parliament.

The Indian government plans to lift the ceiling on FDI into defence, but proposals will be considered on a case-by-case basis only. 

India's new government has made the first steps in allowing 100% FDI in certain parts of the transport industry.

Speaking since Narendra Modi's election victory in May, India's new cabinet ministers have sent mixed signals about the governments FDI intentions.

Carefully timed arbitration notices from several foreign companies in India send strong signals to the new government that they need to reform the country's business landscape.

There has been no investment in Indian multi-brand retail since September 2012, with investors likely to be holding off on deals until the results of the April election.

The ongoing dispute between mobile phone operator Vodafone and the Indian government has hit another stalemate, with talks over a retrospectively applied tax bill breaking down.