The Nilekanis, Aneel and Allison Bhusri, Shamsheer and Shabeena Vayalil and BR Shetty and his wife Chandrakumari Raghuram Shetty are among the 14 philanthropists to have joined the Giving Pledge throughout the previous year, bringing the total to 183 from 22 countries since the pledge began in 2010 with 40 American philanthropists, a press release from the Giving Pledge said yesterday.
A number of foreign investors including HSBC and UBS have stopped issuing controversy-ridden P-Notes as regulatory and enforcement agencies step up their clampdown on misuse of this once-popular instrument among foreigners to invest in Indian markets.
HDFC Bank again reached the prescribed foreign investment limit for Indian companies, the Reserve Bank said today, just a day after such inflows had gone below the ceiling.
Foreign investors can now buy more shares in HDFC Bank as the Reserve Bank has removed restrictions imposed on it with immediate effect.
The company reduced its Retail Prime Lending Rate (RPLR) by 0.15 percent effective today, HDFC Ltd said in a statement.
After residents, NRIs and People of India Origin (PIO) are now braving long queues to exchange the old Rs 500/1000 notes at 5 designated RBI branches across the country but because of stringent conditions several of them have had to return disappointed.
Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest, from existing 24 percent, up to 40 percent of the paid-up capital of J Kumar Infraprojects Ltd under the Portfolio Investment Scheme (PIS), RBI said in a release.
Article explains the entire process from buying property to selling property, and of course the tax matters.
"Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74 percent of the paid up capital of DEN Networks Limited under the Portfolio Investment Scheme (PIS)," RBI said in a notification.
FIIs held 54.18 percent stake in the company as of quarter ended September 2015
It is better to know the tax treatment you get depending on your tax status and accordingly account for capital gain tax.
Under the Aadhaar project, the Unique Identification Authority of India (UIDAI) is providing a unique identity numbers to residents, which can be digitally verified using the database.
As per the DIPP's proposal, any investment made by NRIs, OCIs and PIOs from their rupee account in India, will not be treated as foreign investment.
The Union Cabinet will meet today to take a call on the composite caps for all sectors. A composite cap is a cap that does not differentiate between foreign direct and foreign portfolio investments in a company, within the overall foreign investment limit allowed.
The decision follows passage of resolutions at company's board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.