In consultation with the Government of India and SEBI, the Reserve Bank of India has finalised an operational framework for reclassification of Foreign Portfolio Investment made by Foreign Portfolio Investors (FPI) to Foreign Direct Investment (FDI) under Foreign Exchange Management (Non-debt Instruments) Rules, 2019 in case of any breach of the investment limit by the FPIs concerned. This would further enhance the ease of doing business in India.
Posts in category Business Standard
Indices trade with minor gains; realty shares in demand (12-11-2024)
At 10:30 ST, the barometer index, the S&P BSE Sensex, was up 194.92 points or 0.24% to 79,688.70. The Nifty 50 index rose 56.15 points or 0.23% to 24,200.45.
Jharkhand prepares for first phase of Assembly elections (12-11-2024)
Polling parties have been dispatched to their designated locations, with special measures for the 225 sensitive polling booths. These sensitive booths span five districts: West Singhbhum, Latehar, Lohardaga, Garhwa, and Gumla.
DFS Secretary urges banks to use all means for updating of PMJDY accounts in a time bound manner (12-11-2024)
M. Nagaraju, Secretary, Department of Financial Services (DFS), chaired a meeting with all stakeholders for carrying out fresh Know Your Customer (re-KYC) process for the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders, in New Delhi, yesterday.
Hindalco Ind shares climb after reporting 123% jump in Q2FY25 net profits (12-11-2024)
Shares of Hindalco Industries surged up to 2.77 per cent to hit an intraday high of Rs 673.50 per share on the BSE
ONGC share price up after Q2 profit jumps 17% YoY; Rs 6 dividend announced (12-11-2024)
The Board of Directors of ONGC has declared the first interim dividend of Rs 6 per equity share of face value of Rs 5 each for FY25
NMDC Q2 PAT rises 18% YoY to Rs 1,211 cr; board OKs 2:1 bonus issue (12-11-2024)
NMDC reported 18.1% jump in consolidated net profit to Rs 1,211.57 crore on 22.5% increase in net sales to Rs 4,918.91 crore in Q2 FY25 over Q2 FY24.
L&T Energy CarbonLite Solutions wins LNTP orders from NTPC for setting up two thermal power plants (12-11-2024)
L&T Energy CarbonLite Solutions has secured ‘Limited Notice to Proceed’ (LNTP) from NTPC for setting up thermal power plants in Madhya Pradesh and Bihar. The orders pertain to main plant packages of 2×800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3×800 MW Stage-II thermal power plant at Nabinagar in Bihar. The scope of work involves design, engineering, manufacturing, supply, erection and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries, along with the related mechanical, electrical, instrumentation and civil works.
This BSE smallcap stock has zoomed 88% in 4 days; up 179% in 3 months (12-11-2024)
JSW Holdings, however, had reversed the day’s gain and was quoting 6% lower, while the company issued a clarification on rise in trading volume at the counter.
Dow, S&P 500 Reach New Closing Highs; Nasdaq Settles Flat (12-11-2024)
U.S. stocks closed on a firm note on Monday, lifting the Dow and the S&P 500 to new record highs.