Posts in category All News
Sebi permits up to 100% NRI contribution for FPIs based out of GIFT IFSC (28-06-2024)
Markets regulator Sebi has allowed up to 100 per cent aggregate contribution by non-resident Indians, Overseas Citizens of India, Resident Indians in the corpus of FPIs that are based out of International Financial Services Centre (IFSC).
The move is expected to enhance investment by Foreign Portfolio Investors (FPIs) in India.
In a circular issued on Thursday, Sebi said it has amended FPI rules to "provide flexibility of having up to 100 per cent aggregate contribution by non-resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indians (RI) Individuals in the corpus of FPIs based in IFSCs in India and regulated by International Financial Services Centres Authority (IFSCA)".
Over the years, there has been a consistent demand to channel more NRI and OCI investments into the Indian securities markets by enabling greater participation of NRIs and OCIs in FPI corpuses.
In the July 2019 budget speech, Finance Minister Nirmala Sitharaman had also recognized that despit
‘Unemployment Higher Among Educated…’ (28-06-2024)
'The more educated a young person is, the higher the chances of him or her remaining unemployed.'
InterGlobe share price up 0.68 per cent (28-06-2024)
A total of 15,977 shares changed hands on the counter till 12:07PM (IST).
INR holds on under 83.50 per US dollar on strength in equities (28-06-2024)
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Actor Vijay criticises DMK, says Stalin govt failed to control drug issue in Tamil Nadu (28-06-2024)
Actor and Tamilaga Vettri Kazhagam (TVK) president Vijay criticized the DMK government for its alleged failure to address drug issues in Tamil Nadu. He emphasized the importance of educated individuals entering politics, advocating for leadership qualities in all fields. Vijay urged students to critically analyze information from media and social channels, stressing the need for informed decision-making to combat social issues and elect capable leaders.
Havells India shares decline 0.94% as Sensex climbs (28-06-2024)
A total of 6,054 shares changed hands on the counter till 12:02PM (IST)