The Reserve Bank of India on Friday notified that foreign institutional investors/registered foreign portfolios investors can now invest up to 31.50 percent of the paid up capital of Natco under the portfolio investment scheme.
"Nobody would have thought that despite the Narendra Modi government being power and commodity prices falling, FIIs would flee the market and DIIs would buy," says Raamdeo Agrawal of Motilal Oswal Financial Services
The sharp fall was mainly driven by consistent outflow of money on global worries. There was also a caution ahead of US jobs data due later today, which will decide whether Fed will hike rate or not.
Dimensions Consulting CEO Srivastava expects margin expansion in the IT and pharma sector because of weak rupee, but says the overall earnings story for FY16 will be lacklustre
The RBI on Tuesday notified that foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can now invest up to 50 percent of the paid up capital of Info Edge under the portfolio investment scheme (PIS).
The RBI on Friday notified that foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can now invest up to 40 percent of the paid up capital of Godrej under the Portfolio Investment Scheme (PIS).
"FIIs continue to believe that this is the place that they want to be invested. Most investors have reiterated that they are overweight India and they do not intend to trim that. and I think that is also what I am learning from my clients."
CNBC-TV18 has learnt that the government which is considering Justice AP Shah committee's report on minimum alternate tax (MAT), is going to take a final decision on the same soon.
The rupee tumbled to a fresh 2-year low nearing the 66 mark a dollar on weakness in equity market. The currency depreciated by 33 paise to 65.87 a dollar.
The Shah panel had submitted its 66-page report to the Government on July 24 and its analysis is crucial for the government to firm up its stance on the Castleton case.
What stood out for Raamdeo Agrawal this earnings season is the margin expansion on the back of commodity price collapse.
IRF contract based on 8.27 percent central government security maturing on June 9, 2020, while another IRF contract based on 7.88 percent government bond maturing on March 19, 2030, will be made available for trading from July 31 this year, the exchanges said in separate circulars.
The high-level Justice A P Shah Committee on Friday submitted a 66-page report to the government on applicability of minimum alternate tax (MAT) on FIIs, an issue which had riled foreign investors.
Concerned over flow of black money into stock market, the Supreme Court-appointed SIT on Friday asked regulator Sebi to compulsorily identify real owners of foreign funds coming through the controversial P-Note route and also prosecute those using equities for tax evasion
According to RBI, the foreign shareholding in Bank of Baroda is now below prescribed threshold limit.
Investments through participatory notes (P-Notes) into India's capital market dropped to Rs 2.75 lakh crore (about USD 43 billion) at the end of June, after touching over seven years high in the preceding month.
"The investment & borrowing committee of the Board has approved to divest not less than 26 percent of the equity shares held in the wholly-owned subsidiary Gayatri Green Power Pvt Ltd," it said BSE filing.
In the past few days FIIs have increased allocation to India perhaps on the back of the issues in China, says Promod Gubbi of Ambit Investments
The Reserve Bank of India on Friday notified that the foreign shareholding through foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) in Petronet has reached the trigger limit.
Kunj Bansal of Centrum Wealth Management on the other hand believes if the market continues to remain positive, not just long and medium-term investors, but even short-term investors can make money in Federal Bank.
F&O cues: Nifty 8200 Call shed 10.8 lakh shares in open interest and Nifty 8300 Call shed 13.2 lakh shares in open interest on June 22.
According to Sebi data, mutual funds have net bought Rs 3167 crore of stocks this month, largely neutralizing the Rs 3670 crore worth of selling by foreign institutional investors.
FIPB again defers Kotak bank proposal forThe Foreign Investment Promotion Board (FIPB) had taken up the application in its meeting, but the decision was deferred in want of comments from the Department of Financial Services (DFS), sources said. raising FII limit
Shares of Kaveri Seed Company climbed 5 percent intraday Monday after the Reserve Bank of India (RBI) allowed foreign portfolio investors (FPIs) to invest up to 49 percent of Kaveri Seeds' equity base.
Amandeep Chopra of UTI AMC believes the US Federal Reserve's decision on when to raise rates continues to be the biggest trigger in the immediate term.