Yet, a look at the Indian units of long-established multinationals shows how much help the industrial sector will need
In the first week of February, SEBI wrote to custodian banks asking them to reach out to their FPI clients by March and share details of beneficial owners by the end of September
The Japanese bidding consortium also wants to avoid triggering Chinese antitrust scrutiny by bringing in foreign investors
The Income Tax Department is likely to come out with modified valuation rules under the I-T Act for ascertaining the fair market value (FMV) of shares of unlisted companies for the purpose of levying tax on non-resident investments, an official said. The Finance Bill, 2023 has proposed amending Section 56(2)(viib) of the I-T Act, thereby bringing overseas investment in unlisted closely held companies, excepting DPIIT-recognised startups, under the tax net. The official said that amendments are needed as I-T Act and FEMA provide different methodologies for calculating the FMV of shares of unlisted companies. "Rule 11UA of I-T rules will be re-prescribed taking into account the concerns expressed by stakeholders to harmonise it with the FEMA regulations," the official told PTI. Rule 11UA deals with determination of FMV of assets, other than immovable property. Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and
Currently, FPIs investing in government securities and corporate bonds avail concessional 5 per cent withholding tax rate
The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report
With an aim to boost business activities in the international financial hub GIFT IFSC, the government in the Budget paved the way for IFSC units to issue participatory notes or offshore derivative instruments to foreign investors. Participatory notes (P-notes) are issued by registered foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. Till December 2022, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- was at Rs 96,292 crore, data with the Securities and Exchange Board of India (Sebi) showed. Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts" in order to enhance business activities in the Gujarat International Finance Tec-City (GIFT City). In line with the Budget's announcement, it is likely that ...
China's reopening of the economy could be one factor for the trend, say analysts
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Foreign portfolio investors (FPIs) have been adopting a cautious stance towards Indian equity markets for the past few weeks
The promoters are willing to infuse Rs 2,000-3,000 crore but it is too less to revive the company
The country is now planning to reopen borders on January 8 and abandon quarantine after it downgrades its treatment of Covid-19
Foreign investors have latched on to domestic equities between Oct. 15 and Dec. 15 and are on course to become net buyers for two consecutive months
Prior to this, foreign investors pulled out Rs 8 crore in October and Rs 7,624 crore in September, data with the depositories showed
Foreign investor must be is a resident of the country whose market regulator is a signatory to either IOSCO multilateral MoU or has signed bilateral MoU with Sebi
The CEPA aims to boost India-UAE bilateral trade to $100 billion in goods in the coming five years
Foreign investors held a smaller share of government securities as of September than they did in March
The central bank removed foreign investment caps for a number of securities under the 'fully accessible route' (FAR) in April 2020 to help meet a key requirement of index providers
According to the data compiled by Prabhudas Lilladher showed, foreign investors increased their holding in RHI Magnesita India Ltd to 2.2 per cent, as compared to 0.64 per cent as on March 31.
According to stock exchange data, foreigners have invested $6.4 billion in Indian equities since the start of July, after dumping over $27 billion-worth over the previous six months.