Page 8 - Ashley Coutinho

Make KYC norms non-mandatory: FPIs' lobby group tells Sebi

The industry body has requested the regulator to permit updation of landline numbers of the officials instead of mobile numbers

JM Financial PE to invest Rs 35 crore in Pune-based packaged food firm

Investment will support brand building and augmentation of firm's existing capacities; this marks closing of eighth investment by JM Financial India Fund II

India considers Singapore's VCC model to get funds for GIFT City IFSC

Island nation has established more than 200 VCCs established since January 2020 using the model.

Sebi gives foreign investors more time to furnish contact, income details

The regulator is also meeting custodians this week to thrash out a solution and address investors' concerns

Sebi permits off market transfers to ease fund relocation to IFSC

Sebi regulations at present do not allow cashless transfers of securities between FPIs with different permanent account numbers

Sebi bans eight, including 2 company staff, for insider trading in Infosys

Illegal gains worth Rs 3.06 crore impounded

2nd Covid wave may impact India Inc in near term: Schroders Investment CIO

In a Q&A, Alex Tedder says the virus will limit the full economic potential of emerging markets for some time to come

Broader mkts will outperform as they have better growth prospects: Gopkumar

During an interview, Gopkumar tells Ashley Coutinho that large companies in the financial space will gain market share and manage their books better

From Sageone to Anvil Wealth, most PMS schemes beat Nifty in April

Returns were calculated on a time-weighted rate of return basis for the schemes under consideration

Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more

Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields

Mauritius rejigs special purpose fund regime to gain 'financial' edge

Will enable global investors to set up tax-exempt entities

Sponsor investments in IFSC AIFs to come under the automatic route

RBI relaxation to allay round tripping concerns associated with sponsor commitment and shorten fund set-up time in IFSC

40 stocks take up three-fourths of institutional equity ownership in India

LIC's portfolio was the most concentrated, with 40 stocks accounting for 81%. RIL, TCS and ITC were its top picks

Sebi defers diktat to monitor foreign holding in DRs till further notice

Regulator yields to requests made by market participants

Quality mid-, small-caps may continue to do well: Reliance Securities CEO

In a Q&A, Lav Chaturvedi says the market is still predicting that the impact of the second wave of Covid-19 cases will not be as severe as last year

FPIs seek three months more to implement Sebi diktat on monitoring DRs

Cite legal hurdles and challenges in implementing the circular in its present form

AMC staffers set for bonus boost as industry manages to grow asset base

Bonuses for FY21 may be 20-30% of annual pay; yearly increment can be in high single digits

Investment bankers set to take home hefty bonuses on record fundraising

Industry players estimate the average payouts to be in the range of 50-75 per cent of the bankers' annual salaries. For the top performers, the bonuses could be 100-125 per cent

New Sebi norms on compensation: Mutual fund houses fear losing talent

To seek changes in circular asking to pay 20% salary to key staffers in scheme units

Delhi HC provides tax relief on dividend income to Dutch companies

Invokes 'most-favoured nation' clause and applies lower 5% withholding tax on dividend income under India-Netherlands tax treaty