In the telecom sector, FIIs ramped up their investments to Rs 7,052 crore in the latter half of May, significantly up from Rs 1,037 crore in the first half
Indian markets have rallied by 8 percent from their lows this March. What sparked this sudden surge, and have investors missed the boat?
There are two more companies in which foreign institutional investors from China hold a substantial stake in Indian companies that includes names like Visa Steel, and ZEE Entertainment.
"Proposal for increase in limit of total shareholding of all registered foreign institutional investors from 24 percent up to 49 percent of paid-up equity share capital of the company has been approved by shareholders," the oil marketing company said in its filing.
The Reserve Bank of India on Wednesday said it has notified that foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can now purchase shares of Hathway Cable.
The Finance Ministry is in favour of fixing FII investment limit for government bonds in rupee terms instead of dollar as it would provide more headroom for investments by foreign investors.
Carlyle India and Asia Managing Director Shankar Narayanan says that foreign investment is set to pick up in India like never before.
The Aditya Birla group company's move seeking nod for hiking the cap comes ahead of the next round of spectrum auctions scheduled to be held in February 2014.
The Reserve Bank of India (RBI) lifted the ban on FIIs buying into the city based Yes Bank. The aggregate shareholdings in the bank by FIIs under portfolio investment scheme had gone below the 49 percent mark.
In a further liberalisation of norms for investment by FIIs) in government securities and corporate bonds, finance minister P Chidam,aannounced that the norms have been rationalised
CNBC-TV18's Aakansha Sethi reports that the FM has merged FII limits to lure inflows into debt segment and bridge the current account deficit.
Early on, nobody was expecting much from the budget but the revised low estimates of the GDP published recently along with the fiscal deficit targets have sparked speculation that the Finance Minister will be forced to convert from an election oriented budget to a growth focused one.
The Reserve Bank today allowed Apollo Tyres to increase FII investment limit under the Portfolio Investment Scheme (PIS) to 40 per cent.
The Reserve Bank on Thursday hiked FII investment limits in government securities and corporate bonds by USD 5 billion each, taking the total cap in domestic debt to USD 75 billion, with a view to bridging the current account deficit.
The general anti-avoidance rules will now apply as Dr Shome had said from the year 2016-2017 and it will not apply to Foreign Institutional Investors (FIIs) and Non Resident Indians (NRIs). In an interview to CNBC-TV18, Aliff Fazelbhoy of ALMT Legal said that it will increase FII investment through GAAR.
The Reserve Bank today allowed Indusind Bank to increase its FII investment limit to 49 percent but asked it to ensure that the aggregate foreign investment in the bank does not exceed 74 percent.
Attributing the economic slowdown to various factors, including Reserve Bank's tight monetary policy, the government today said that it has been taking steps to promote investment and growth.
Nifty has fallen below the psychological 5000 mark. How is it looking going ahead? Devesh Kumar, head of equities, RBS India says that that near-term, the markets are likely to continue being range-bound. "There is no conviction, neither on the upside, nor the downside for now,” he says.
Speaking to CNBC-TV18, R Gopalan, the Economic Affairs Secretary, said that the FII investment is going through a correction phase. He strongly feels that government is in a position to control inflation, and hence, India will achieve its growth target of 8.5%.
Indian market is hit by global turmoil and adverse impacts of the same have already started showing up. Deepak Shahdadpuri, managing director of Baer Capital Partners said that the GDP growth rate of India will remain 8% and commodities will have a long-term upward trend.
Madhu Kela, Chief Investment Strategist, Reliance Capital Ltd says foreign investment in equity mutual funds is a positive call for the market. 'We will have to see details of FII investment into MFs,' he says. He also expects to see funds flowing into mutual funds in the coming 12-36 months.