With FIIs having already withdrawn around Rs 15,000 crore in the last four days from India amid election related uncertainties, Dalal Street is worried if a lower-than-expected mandate to Prime Minister Narendra Modi will accelerate the pace of outflow in the coming days. As a part of funds are moving towards China and out of … Read more
FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of … Read more
Craig Shore, who has ocular uveal melanoma, will have to pay up to £240,000 for chemosaturation. Source link
Mumbai: Margin funding, where retail investors purchase stocks by paying 25% and brokers fund the rest for up to a year, hit an all-time high this week, when the broader market also climbed to a new peak. This increase in risk appetite reflects a prevailing sense of euphoria among retail investors, although market participants warn … Read more
Sending money from India to Singapore? Look no further than the UPI-PayNow link for fast, safe, and affordable transfers. The cross-border linkage between the Unified Payments Interface (UPI) and PayNow enables Indians to receive instant, secure, and cost-effective remittances from the Singapore-based Indian diaspora directly into their bank accounts. Users of BHIM, PhonePe, and … Read more
Mumbai: In verifying the global assets under management (AUM) of foreign portfolio investors (FPIs), the custodians of the funds can rely on regulatory filings available on the websites of regulators for information about the regulated investment manager or trust bank or trustee of the fund, according to a revised standard operating procedure. Determining the global … Read more
Mumbai: The taxman is snooping around for Indians behind foreign institutional investors (FPIs). In a slew of unusual and probing questions, tax authorities have asked several offshore funds to spell out how they go about raising money, share of Indian investments in the fund pools, and details of top investors in a fund. At least … Read more
Sources say University of Madras has a monthly recurring expense of about ₹18.61 crore. | Photo Credit: File photo Amid acute financial constraints and a proposal for grant-in-aid pending with the State government, the University of Madras has diluted the Contributory Pension Scheme Fund and Endowment Fund to disburse salary/pension and meet other obligatory expenses … Read more
Mumbai: Global venture capital firm Sequoia Capital, now rebranded as Peak XV Partners, has exited its near decade-long investment in Go Fashion (India). The fund on Monday sold its remaining 10.18% stake in the women’s apparel maker for nearly ₹625 crore, according to exchange deal data. Sequoia sold nearly 55 lakh shares of Go Fashion … Read more
Apart from sanctioning ₹12,911 crore for completion of the Polavaram irrigation project, the Union government has promised the Government of Andhra Pradesh to remove certain restrictions on payments, consider the latest price levels, and extend financial assistance for the damages caused due to unexpected flooding in the Godavari. “There are three major points in the … Read more