Page 2 - Foreign Investment

Around 250 Japan CEOs to visit UP to explore investment opportunities

Deputy Governor of Japan's Yamanashi Prefecture, Ko Osada, on Wednesday paid a courtesy visit to Uttar Pradesh Chief Minister Yogi Adityanath at his official residence and discussed investment opportunities in the state among other issues, according to an official statement issued here. Ko Osada said, "Around 250 CEOs from Japan will visit Uttar Pradesh to explore potential investment opportunities. The Japanese delegation will assess the state's investment prospects, driven by its strong law and order, good governance and rapid economic growth. "This initiative will also create significant employment opportunities for the youth of Uttar Pradesh," it said. Ko Osada emphasised his commitment to strengthening friendly relations between Yamanashi and Uttar Pradesh. A key focus of the discussions was green hydrogen, the statement said. It was felt that a pact between UP and Japan's Yamanashi Prefecture would drive green hydrogen initiatives, including a centre of excellence, with Japa

Rupee ends weaker, logs worst week in 18 months on foreign outflows

The rupee's depreciation bias is likely to persist next week, with the focus squarely on any policy changes announced by Trump, especially about trade tariffs, said Dilip Parmar, a foreign exchanger

Global trends, earnings, FII trading activity to drive markets: Analysts

Equity markets this week will take cues from global trends, trading activity of foreign investors and quarterly earnings, with TCS kick-starting the results calendar on Thursday, analysts said. Macroeconomic data announcements and the rupee-dollar trend would also dictate market trends, experts noted. "The Q3 FY25 earnings season will begin this week, with IT giants and leading financial institutions set to announce their results. TCS and Tata Elxsi will declare results on Thursday, January 9, 2025. Investors will closely monitor individual stock performances. "Following the earnings season, markets' focus is expected to shift towards the upcoming Union Budget and the policy decisions of the Trump 2.0 administration," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. Foreign institutional investors (FIIs) have been net sellers, while domestic institutional investors (DIIs) have been actively buying. This ongoing tug-of-war between FIIs and DIIs is likely to pla

Declaring foreign assets in tax returns form: What Indians must know

Taxpayers who are resident and 'ordinarily resident' have to disclose their offshore accounts and assets

Insurance Amendment Bill proposing 100% FDI unlikely in winter session

Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may not be introduced in Parliament in the ongoing session, sources said. Some finetuning may be required in the draft Bill after receiving comments from stakeholders, sources said. Given the paucity of time, it is difficult to present the Bill in the ongoing session, sources said, adding it may, however, come in the Budget session. The finance ministry has proposed to amend various provisions of the Insurance Act, of 1938, including raising foreign direct investment (FDI) in the insurance sector to 100 per cent, reduction in paid-up capital, and provision for composite licence. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10. As per the proposal, the FDI limit in Indian insurance companies will be raised from 74 per cent to 100 per cent. This is the second public consultation that the DFS has sought on the proposed amendments to the .

Global investors find opportunities in India despite equity outflows

Global funds have piled into sectors with strong growth potential, while pulling back exposure to sectors like banks, consumer and energy- the stragglers of 2024

Foreign investors turn net buyers of Indian stocks after record selling run

The benchmarks rallied on Monday, after the ruling Bharatiya Janata Party (BJP) secured a decisive victory in the elections of the country's richest state, Maharashtra

Govt initiatives like PLI helping attract foreign investors in India: CII

The government initiatives such as Make in India and production linked incentive schemes for different sectors are helping attract foreign investors to set up bases in India, according to industry chamber CII. In a letter to Commerce and Industry Minister Piyush Goyal, CII Director General Chandrajit Banerjee said that the government's increased investments in infrastructure such as roads, railways and ports are making the domestic industry more competitive. The policy shift within India has also occurred at the same time as geopolitical conditions have become favourable for India, with many global companies looking to diversify their geographical base, the letter, dated November 5, said. "FDI inflows have increased from USD 45.14 billion in 2014-15 to USD 70.95 billion in 2023-24, indicating the growing interest of foreign investors for setting up base in India," it said, adding that the PLI schemes have attracted huge investments. It added that India's manufacturing capabilities

FII trading activity, global trends to dictate equity markets: Analysts

Trading activity of foreign investors and global trends will be the major driving factors for the equity markets in a holiday-shortened week ahead, according to analysts. Leading stock exchanges BSE and NSE have declared a trading holiday on November 20 for assembly elections in Maharashtra. Elections to the 288-member state legislative assembly will be held on November 20, and votes will be counted on November 23. "The Indian stock market will remain shut on Wednesday, November 20, in observance of Maharashtra assembly elections. The election results, along with key global economic indicators, including US bond yields, dollar index performance, US unemployment claims, flash manufacturing and services PMI data, and Japan's inflation data, will be pivotal in shaping market direction. "High US bond yields and a strengthening dollar post-election have impacted emerging markets like India, and FII (Foreign Institutional Investors) activity remains a key factor, influencing Indian equit

Foreign investors sell nearly $1 bn of JPM index-linked govt bonds in Nov

For the first 10 months of 2024, foreigners bought Rs 1.18 trillion of bonds, driven by India's inclusion in the JPMorgan index on June 28

Govt mulls measures to boost strategic foreign investment from 5-year lows

Policymakers are looking at the option of foreign investments through a mix of equity and debt, which aren't permitted currently, the sources said, noting that a final decision is still pending

FII activities, global trends drivers for mkt movement this week: Analysts

Equity investors will track the trading activity of foreign investors, global trends and ongoing earnings results for further cues, and benchmark indices may continue to witness consolidation in a holiday-shortened week amid the monthly derivatives expiry, analysts said. Markets fell sharply last week amid massive foreign capital outflows and dismal Q2 earnings so far. Weakness in the markets might continue in the near term amid cautiousness among investors ahead of the US presidential election early next month, an expert said. Equity markets will remain closed on Friday for Diwali, but a special trading window will be open for one hour in the evening. Leading stock exchanges BSE and NSE will conduct a one-hour special 'Muhurat Trading' session on the occasion of Diwali on November 1, marking the start of the new Samvat 2081. Vinod Nair, Head of Research, Geojit Financial Services, said, "We expect the consolidation to continue in the short term. A reversal in trend will depend on

How Indians can invest in international stocks; key factors they must know

Investors must adhere to RBI guidelines and SEBI regulations when investing abroad

With more foreign investment, India can build movie industry quicker: IMAX

He spoke on IMAX's place in the global cinema ecosystem and its India plans

FPIs invest Rs 11,000 cr in Indian equities in first week of September

Foreign investors infused nearly Rs 11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations of rate cut in the US. Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of Rs 34,252 crore in April-May. The recent inflows are promising and could continue, supported by India's stable macroeconomic position. However, global factors like US interest rate and geopolitical scenario would continue to be the driving force, Himanshu Srivastava, Associate Director- Manager Research, Morningstar Investment Research India, said. According to the data with the depositories, FPIs put in a net investment of Rs 10,978 crore into equities this month (till September 6). FPIs have been on a buying spree in the Indian equity markets after the sentiments improved following comments from US Federal Reserve Chair Jerome Powell, who suggested that a rate cut

OCI income tax depends on person's residency status under I-T Act

Now, let's explore what the OCI status means, the investments OCIs can make in India, and how they are taxed

Iran needs more than $100 billion in foreign investment: Prez Pezeshkian

Iran's president said Saturday his country needs some $100 billion in foreign investment to achieve an annual target of 8% economic growth up from the current rate of 4%. The remarks by Masoud Pezeshkian, who was elected in July, came in his first live televised interview by state TV. Pezeshkian said Iran needs up to $250 billion to reach its goal but more than half is available from domestic resources. Experts say growth in GDP of 8% would reduce double-digit inflation and unemployment rates. Hundreds of entities and people in Iran from the central bank and government officials to drone producers and money exchangers are already under international sanctions, many of them accused of materially supporting Iran's Revolutionary Guard and foreign militant groups such as Hamas, Hezbollah and the Houthis. Pezeshkian in his interview complained about the sanctions and said his administration plans to reduce inflation, which is running at more than 40% annually, if we solve our problems

Foreign investors ditch India's pricey stocks, opt for new listings

Investors are pumping money instead into initial public offerings (IPOs), whose valuations are lower

Jio Financial secures approval to raise foreign investment cap to 49%

In May 2024, the company sought shareholder approval to raise the foreign investment threshold to 49% as part of a strategic initiative to attract significant foreign capital

Wealthy Indians' plan to invest abroad via GIFT city hits roadblock

The regulator for Gujarat International Finance ­Tec-­City is halting approvals for family investment funds after feedback from the central bank