The announcement comes at a time when some of the back offices in India promoted by global financial majors are facing difficulties with headlines like job cuts dominating largely due to the woes of the parents.
Retail inflation stood at 5 percent in October, which was the third straight month the consumer price index-based inflation rose due to costlier pulses and other food items.
Simon Cox, MD and investment strategist, BNY Mellon, says he did not have much expectation from the government unlike other foreign investors. But he feels the country's macros have restored quicker than expected after the taper tantrum of 2013
Post the sale, BNY Mellon's stake in Apollo Hospitals Enterprises has come down to 3.13 percent from the earlier 3.24 percent, the filing added. Apollo Hospitals shares were trading 0.45 percent down at Rs 1,404.95 apiece during morning session on the BSE.
With the depository receipts (DR) route under regulatory watch, global securities firms are proposing an alternative instrument for allowing investors access to the Indian stock markets. CNBC-TV18‘s Mitra Joshi reports.