Posts in category Business Standard
EU Court upholds Rs 126 cr fine imposed on Ipca Labs’ unit; stock jumps 4% (28-06-2024)
The uptick in share price came after the company announced that the EU Court upheld Rs 126 crore fine imposed on Ipca Labs' unit, Unichem Laboratories
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
INR holds on under 83.50 per US dollar on strength in equities (28-06-2024)
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Cholamandalam Financial Holdings Ltd leads gainers in ‘A’ group (28-06-2024)
Bombay Burmah Trading Corporation Ltd, Praj Industries Ltd, 360 ONE WAM Ltd and Dishman Carbogen Amcis Ltd are among the other gainers in the BSE's 'A' group today, 28 June 2024.
Vedanta’s share price surges 4% after raising Rs 2,500 cr via NCDs (28-06-2024)
Shares of Vedanta 3.6 per cent at Rs 458.75 on the BSE in Friday's intraday deals
KPI Green gains on receiving Rs 686 cr credit facilities for solar project in Gujarat (28-06-2024)
KPI Green Energy advanced 3.68% to Rs 1,782 after the company received a final sanction letter for credit facilities valued at Rs 686 crore to develop a 200 MWAC solar project in Khavda, Gujarat.
CDSL soars 13%; hits record high as board to consider bonus issue on July 2 (28-06-2024)
In the past one year, the stock of the company engaged in the business of depository services has more-than-doubled or zoomed 103 per cent.
KIMS Hospitals board grants nod to 1:5 stock split proposal (28-06-2024)
Krishna Institute of Medical Sciences (KIMS) said that its board has approved the proposal for the sub-division of one equity share of the company having a face value of Rs 10 each into five equity shares having a face value of Rs 2 each.
Nifty hovers above 24,000; oil & gas rally for 3rd day (28-06-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 194.24 points or 0.26% to 79,448.49. The Nifty 50 index rose 65.75 points or 0.31% to 24,120.20.
MSMEs to be key force for Indian economy (28-06-2024)
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