An Overview The Reserve Bank of India (RBI) has authorised multinational banks operating in India to keep a limited range of data in overseas computers, putting an end to a contentious problem. Foreign banks can keep some fields of static information such as a client’s name and address, some know-your-customer (KYC) details, and transaction details …
An Overview The Union Cabinet agreed to a rescue package for the telecom sector on Wednesday, which includes a four-year moratorium on telecom companies paying statutory dues and permitting 100 percent foreign investment through the automatic route. Telecom Minister Ashwini Vaishnaw briefed on the Cabinet’s decisions, saying that nine structural reforms for the telecom sector …
Economic recovery The global economic recovery is strengthening, and now is the right time for a shift in the global order, according to Kumar. He emphasised that if the global economy continues to open, a new world order will emerge. Kumar went on to say that alliances of like-minded countries are urgently needed, as well …
An Overview So far in September, foreign portfolio investors (FPIs) have been net purchasers in Indian markets, investing a total of Rs 16,305 crore. On a net basis, foreign investors invested Rs 11,287 crore in shares and Rs 5,018 crore in debt between September 1 and 17, according to depositories data. The entire net investment …
Surge in M-Cap In last week’s market evaluation, four out of the top ten most valued companies added a total of Rs. 65,464 crore. The most significant winners over the past trading week were Bharti Airtel and SBI. In the past week, the benchmark for 30-share BSE increased 710 points or 1.21%. On Thursday, for …
The National Stock Exchange (NSE) is reportedly weighing the possibility of withdrawing the stop loss market order facility for options trading, so as to curb losses in the wake of freak trades. It may be recalled that many incidents of freak trades have occurred in the recent past in the F&O segment, and stop loss …
In the present world, it has become effortless to do financial transactions. With a click on the phone, you can transfer a huge amount of money across any corner of the world. This is all possible due to the rapid innovation and revolution in the space of the fintech industry. FinTech, which stands for Financial …
An Overview Eureka Forbes has been sold to Private Equity fund Advent International for Rs 4,400 crore by the Shapoorji Pallonji Group.The proceeds from the transaction will be used to reduce the 156-year-old conglomerate’s debt and focus on Afcons’ primary construction and engineering division. According to the SP group, the estimate of Rs 4,400 crore …
The RBI deputy governor, M Rajeshwar Rao, has laid stress on the importance of bringing green finance into focus. As per news reports, the RBI deputy governor noted that there was a need to consider environmental impact in the commercial lending space. As part of the RBI’s deputy governor’s address reported in the media, he …
SEBI pulled up 8 entities for fraudulent trading practices on Monday. The entities were involved in buying and selling of Videocon shares in reversal and synchronised trades that affected the market value of these stocks. Here are the details of the same! Key Highlights Regarding Penalisation of 8 Entities The 8 entities which SEBI has …
