FPIs incorporated under different structures in different jurisdictions create regulatory loopholes and make it difficult to identify the true beneficiary of foreign investing entities
Capital markets regulator Sebi has restructured its advisory committees pertaining to foreign portfolio investors (FPIs) and social stock exchange. Rejigging its FPI Advisory Committee, Sebi has said former finance secretary Hasmukh Adhia will now chair the 16-member panel. It was earlier headed by K V Subramanian, former chief economic adviser to the government of India. Chew Hai Jong, Managing Director at GIC, and Michael Drumgoole, Managing Director - Direct Custody and Clearing at JPMorgan, are the new inductees, an update with the Securities and Exchange Board of India (Sebi) showed. Earlier, Madhav Kalyan of JPMorgan Chase Bank, was part of the 15-member committee formed by Sebi in August. The committee has been entrusted with the task of advising the capital markets regulator on measures to facilitate ease of doing business by FPIs in India as well as encourage their participation in the bond market. Other terms of reference of the committee include review investment avenue
Govt must reform quicker to tackle global adversities
Varun Beverages, Tube Investments, IHCL seen as potential inclusions
The rupee settled at 82.44 per dollar on Friday versus 82.89 on Thursday
Cash market turnover fell almost 20% in October as rally take traders by surprise
The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.
Looks at how market-wide position limits are calculated for commodity derivatives contracts
Foreign investors pull out Rs 12,000 crore after pumping in Rs 60,000 crore in July, August
Index down 5.2% in 6 sessions; FPIs tally turns negative for Sep
India VIX index jumps 6% to June level
BNP Paribas said it has a cautious stance on the Indian markets amid lack of positive catalyst for further earnings upgrades amid slowing global demand, lofty valuations and a slowdown in retail flows
Financials and pharma stocks led the advance amid positive flows from foreign portfolio investors
Industry players said domestic funds decided to book profits on valuation concerns around strong influx of foreign flows
The Nifty, on the other hand, ended the session at 17,798, with a gain of 174 points, or 0.9 per cent
DII stake in BSE 500 companies up nearly 55% in seven years
The latest reading is well below this year's average of 20.7. Moreover, Monday's 8.8 per cent advance is only the 10th largest seen this year
FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year
Between 2011-12 and FY22, the market value of FPI holdings had increased at an annualised rate of 16.5 per cent in local currency terms and a modest 11.5 per cent in US dollar terms
Rupee performs better than 11 emerging market currencies amid jump in US dollar index