“While FII flows will remain volatile, we think as time progresses, we will see a strong build up for India as a single-country destination for FII flows,” says Tridib Pathak, Executive Director and Portfolio Manager at Avendus Olivo PMS. In an interview with ETMarkets, Pathak said: “We like to identify ‘change’ in business fundamentals which … 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
L&T Finance Holdings Ltd. has signed a pact with Japan International Cooperation Agency (JICA) for $125 million to fund mostly farmers and women entrepreneurs in rural and semi urban India. This is the second such fund raise by the company in the past four months. At least 40% of the funds will be allocated to … Read more
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
Mumbai: Tata Consumer Products Ltd (TCPL) is set to announce a ₹3,500 crore rights issue after seeking board approval to fund its acquisitions of Capital Foods and Organic India pegged at ₹7,000 crore. The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength … 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
NEW DELHI: Sunil Kumar watched helplessly in July as his home and 14 others were washed away by intense monsoon rains lashing the Indian Himalayas. “All my life’s work vanished in an instant. Starting over feels impossible, especially with my three children relying on me,” said Kumar, a waste collector in the village of Bhiuli, … Read more
The International Monetary Fund‘s executive board on Tuesday approved a proposal for a 50% increase in quota resources to be contributed by member countries in proportion to their current IMF shareholdings.The proposal would largely follow a US-backed plan that would enhance IMF lending resourcesbut delay any IMF shareholding increases for China, India, Brazil, and other … 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
Mumbai: In what has come as a relief to foreign portfolio investors (FPIs), the capital market regulator has simplified the rule for identifying senior management officials (SMOs) in these offshore funds. The urgency to name a key official in an FPI is felt as it is often not possible to know who calls the shots … Read more