New Delhi: Overseas investors have poured in nearly Rs 12,000 crore (about USD 2.2 billion) into the Indian equity market so far this month. With this, the total foreign investment in the country's equity market has reached Rs 73,029 crore (USD 13.5 billion) since January.
During May 2-17, foreign institutional investors (FIIs) were gross buyers of shares worth Rs 37,997 crore, while they sold equities amounting to Rs 26,005 crore - a net inflow of Rs 11,993 crore (USD 2.2 billion), according to the data available with market regulator Sebi.
FII net investments had plunged to the lowest level in 16 months during April, attracting net inflow of Rs 5,414 crore. Market experts attributed current inflows to improved global liquidity situation and some softening in crude as well gold prices, which may help contain the already very high Current Account Deficit.
They said inflows slowed last month because of a slew of factors such as profit-booking, high CAD and political uncertainty....
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11:58 AM, May 19, 2013
New Delhi: Union Home Minister Sushil Kumar Shinde on Friday congratulated Delhi Police for unearthing the illegal practice of spot-fixing in IPL cricket matches which led to the arrest of three cricketers and several bookies. "I congratulate Delhi Police. Whenever they do good work I appreciate," Shinde told reporters here on the sidelines of an event of border guarding force BSF. He said the probe in the case is at...
05:41 PM, May 17, 2013
New Delhi: Market regulator Sebi will hold an auction on Monday for grant of permission to Foreign Institutional Investors for investments worth up to Rs 29,000 crore in government bonds. At the auction to be held on the BSE platform by Securities Exchange Board of India (Sebi), FIIs would be able to bid for investment limits of Rs 24,621 crore in the long-term government debt securities and the remaining Rs...
10:01 AM, Apr 22, 2013
The government will ease restrictions for foreign institutional investors in central and corporate bonds in April to attract inflows and help fund a widening current account deficit, Finance Minister P Chidambaram said on Saturday. ...
05:32 PM, Mar 23, 2013
To attract more overseas investment into the country, government is working on bringing new norms for a common KYC for foreign institutional investors (FII), Finance Minister P Chidambaram said on Monday. ...
03:33 PM, Mar 11, 2013
Produced by Arunraj Urs, 'Gombegala Love' will feature actors Arun and Pawana in very prominent roles. ...
12:43 PM, Feb 11, 2013
Stock markets have years that are horrible and years that are cheerful. For example, 2007 was cheerful, while 2008 was horrible. A rarity is a year that approaches the investor with the look of the Grim Reaper but turns out to be Santa Claus; 2012 was such a year. ...
01:48 PM, Jan 24, 2013
Mumbai: The Reserve Bank of India (RBI) is contemplating to allow foreign institutional investors (FIIs) in currency futures market, Deputy Governor HR Khan said on Wednesday. "We are thinking whether FIIs can participate in currency futures," Khan said while speaking at a seminar on capital markets organised by industry body CII in Mumbai. He said the RBI was also planning to allow a repo in certificate of deposits (CDs) issued...
09:45 PM, Dec 12, 2012
New Delhi: The Income Tax department will come out with final guidelines by the end of October on implementation of General Anti Avoidance Rules (GAAR), Finance Minister P Chidambaram said in New Delhi on Monday. The guidelines will be based on the suggestions of the committee headed by tax expert Parthasarthi Shome who submitted the final report to the Minister earlier in the day. "I expect Stage 1-finalisation of our...
04:30 PM, Oct 01, 2012
Lima, (Peru): Gonzalo Higuain scored in the 37th minute to help Argentina scratch out a 1-1 draw with Peru on Tuesday and stay on top of the standings in South American World Cup qualifying. Carlos Zamorano scored in the 22nd minute for Peru, which could have had at least one more goal, but Argentina keeper Sergio Romero stopped Claudio Pizarro's penalty in the 3rd minute. Peru also hit a post...
09:31 AM, Sep 12, 2012
New York: Because he's a player who has spent more time watching Roger Federer on TV than trying to beat him, it's safe to say Rhyne Williams will not win the US Open this year. But to say the 21-year-old's trip to Flushing Meadows has been less than a rousing success " well, that wouldn't be quite right, either. While Federer, Novak Djokovic, Serena Williams and all those other big...
05:48 PM, Aug 25, 2012
Mumbai: American brokerage firm JP Morgan on Friday said it remains "positive" on the Indian stock markets going into the second half of the year even as it stated that the government is yet to delivery on key reforms. Saying that the economic fundamentals have deteriorated in the recent past as the government has not been able to move ahead with reforms, JP Morgan in a report said, "The government...
10:41 PM, Aug 24, 2012
New Delhi: Prime Minister Manmohan Singh on Monday expanded the terms of reference of the GAAR committee by referring the issues relating to taxation of FIIs and portfolio investors to it with a view to provide greater clarity to them. "It is necessary to have clarity on the tax liability of portfolio investors and Foreign Institutional Investors (FIIs) as a result of this amendment (relating to GAAR), particularly, when the...
05:13 PM, Jul 30, 2012
Mumbai: The Reserve Bank on India on Thursday notified changes in the FDI policy to allow FIIs to invest up to 23 per cent in commodity exchanges without seeking its prior approval. These changes were approved by the Department of Industrial policy and Promotion (DIPP) on April 10. In order to streamline the procedures to boost foreign investment into the country, the DIPP comes out with a consolidated FDI circular...
09:00 PM, Jun 28, 2012
CNBC-TV18 banking editor Latha Venkatesh explains why the rupee continues to fall. ...
10:30 PM, Jun 22, 2012
New Delhi: Overseas investors, which have been trimming their holdings in Kingfisher Airlines in the past three quarters, have increased their stake marginally in the cash-strapped carrier during the March quarter, according to data available with bourses. An analysis of shareholding patterns of airlines showed that Foreign Institutional Investors (FIIs) have increased their stakes both in Kingfisher and Jet Airways in three months ended March 2012. However, the shareholding pattern...
03:38 PM, Apr 26, 2012
Mumbai: As India is eagerly waiting for the Finance Minister to present the Budget speech, global market experts are not too hopeful of it. Adrian Mowat, JP Morgan is worried that FIIs have written off the government's action and are not expecting anything out of politics that is positive. They have already factored in an environment in which it is extremely difficult to pass on legislation. Jim Walker, MD, Asianomics...
08:08 AM, Mar 16, 2012
Mumbai: A high base or floor price may have played spoilsport in the government's ambitious ONGC stake sale which fell woefully short of the over Rs 12,400-crore target, market experts said on Thursday. High-profile foreign investors apparently stayed away from the auction wherein there were bids for only two-third of the 42.7 crore shares on offer. "Government cannot bully FIIs," a top analyst said on the Rs 290 per share...
08:23 PM, Mar 01, 2012
The Nuclear Power Corporation of India Limited (NPCIL), when it buys reactor components, settles bills partly in dollars and partly in rupees. These days it has been trying to convince component suppliers like Areva to take the payment entirely in rupees. This is largely to cut out the rupee depreciation and volatility risk. The component suppliers aren't in a mood to oblige. They don't want the foreign exchange volatility risk...
12:15 PM, Jan 24, 2012
