3 govt officials with direct knowledge of the decision say the plan had been put on hold as govt believes there's enough depth in local capital markets for firms to raise funds and get good valuations
After the Sebi diktat, international funds had stopped taking fresh inflows into their schemes
The Nifty50 ended the December expiry series with losses of 1.9 per cent
Top 10 holdings account for more than 50% of assets
Bond purchases by overseas investors under the uncapped Fully Accessible Route, climbed to Rs 35 billion ($476 million) in August, the highest this year
The rupee closed 18 paise higher at 73.50 (provisional) against the US dollar on Wednesday, tracking a firm trend in domestic equities and sustained foreign fund inflows.
In India, Export Import Bank of India raised $1 billion, State Bank of India garnered $600 million, and Shriram Transport about $500 million
However, a recovering rupee and sustained foreign fund inflows restricted the fall, traders said
The government approving a Rs 2-trillion production-linked incentive package for various sectors, also buoyed investors, traders said
There was $751 million of outflow from credit in October, a ninth month of net declines
The finance ministry is certain that whenever the company approaches an Indian court with a request for the enforcement of the award, it shall be opposed
For education-related foreign remittances funded by loans, though, the tax will be just 0.5% for amount above Rs 7 lakh, but will go up to 5% if PAN is not provided
Market players say the flow remains stable as long as the US Fed keeps interest rates low
Market players said savvy traders are shorting YES Bank shares, given the steep discount between the current and the FPO prices
The amount of sovereign securities held by global funds has slumped Rs 76,700 crore ($10 billion) from this year's peak in February
This could entail a thorough rewrite of the pension products that insurance companies and some mutual funds offer today
Here's a collection of Business Standard Opinion pieces for the day.
Govt should not ignore fundamental weaknesses
Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise
The broader BSE Midcap and Smallcap indices closed up to 0.41% higher