Page 7 - Ashley Coutinho

SAT questions Sebi's intervention in PNB Housing-Carlyle Group deal

Says regulator could've waited before passing order in PNB HF matter

PNB Housing to SAT: Sebi can't compel us as AoA is just a contract

It argued that AoA cannot override the Sebi's ICDR (Issue of Capital and Disclosure Requirements) regulations, which listed firms have to follow for issuing preferential allotments

Street signs: Zomato GMP at 15-18%, beeline of AIFs at IFSC, and more

Shares of thermal power producers are likely to benefit from the rise in power demand, say analysts

Investors raise exposure to equity funds amid pandemic: Cafemutual Survey

38% of MF distributors say their clients have hiked exposure to equity funds since last March, 16% said their clients have become risk averse, 46% say no change

Sebi committee proposes higher sweat equity for new economy firms

Group recommends inclusion of permissible reasons for issuance along with cap on quantum to be issued in sweat equity regulations

IPO deluge, muted Q1 show and Fed taper to weigh on FPI mood in near term

Large secondary sales likely as FPIs reallocate portfolios to IPOs; sharp rise in dollar could see them pull out of India

74% companies plan to divest non-core assets in 24 months: EY India survey

Survey highlights that a key challenge faced by CEOs today is identifying the right time to divest assets as 70% of surveyed firms said they held on to assets for too long

Inflation could impact liquidity flowing into equities: IIFL Wealth Jt CEO

In a Q&A, Anirudha Taparia says investors should not be swayed by market momentum, and must find deep value by identifying robust long-term themes available at compelling valuations

Vivriti Asset Management launches two debt AIFs

Vivriti Asset Management has raised commitments of over Rs 1,500 crore across its funds and provides tailored debt of Rs 25-75 crore to emerging and mid-sized operating companies, for 2-5 year tenor.

UTI Officers' Association moves top court in 26% stake sale case

Bombay HC recently dismissed the case citing delay in filing

Sebi defers diktat requiring foreign investors to disclose KYC details

Most foreign investors do not permit sharing of mobile numbers officially and some consider it as a risk factor if an employee quits and his details remain in official records

Mauritius closer to exiting grey list as FATF sees progress on action plan

Inter-governmental body has now authorised its delegates to visit the island nation for an on-site inspection of the progress made

IFSC eases capital norms for AIFs, exempts need for sponsors' commitment

Also allows such funds to invest in units of domestic MFs as well as those of other FATF-compliant jurisdictions

FPIs continue to pay higher tax on dividends despite Budget relief

NSDL readying a platform to make it easier for companies to deduct appropriate tax

Economy likely to see cyclical upturn, says DSP Investment Managers' Sambre

'This may be driven by enhanced government spending in core areas,' says Vinit Sambre, head - equities and fund manager, DSP Investment Managers

Govt mulling ways to ease tax burden on foreign AIF investors

Such investors have had to bear higher taxes on their investment because of the goods and services tax (GST) borne by such funds, which is ultimately passed on to the investors

FPIs in a bind over higher tax on interest income from REIT investments

If an REIT distributes interest income received from SPV, it is taxable as 'interest income' in the hands of the unit holder at 20% plus surcharge and education cess

India inflows may get boost with category-I FPI status for Cyprus funds

Cyprus is the third non-FATF country to be given status in a move that could prompt more and possibly larger funds from Europea to route their investments through the island nation

Mauritius, Cayman Islands funds under watch for ownership info gaps

There are concerns that a number of such funds could have a high non-resident Indian (NRI) holding and be used by Indian promoters for round-tripping and manipulating share prices

Direct plans for equity schemes seeing steady rise since last 5 years

The share of such plans among equity schemes has risen around 7 percentage points from 9.6 per cent to 16.6 per cent in the past five years