Noting that September 9 was the deadline for Foreign Portfolio Investors to disclose the beneficial owners of their holdings, the Congress on Wednesday asked SEBI if those implicated in the Adani matter have done so and why has it taken the capital markets regulator 18 months to enforce the new norm. Congress general secretary in-charge communications Jairam Ramesh said it is September 11 today, two days after the SEBI's September 9 deadline for Foreign Portfolio Investors (FPIs) - those who stand accused of holding concentrated portions of their equity portfolio in a single corporate group - to disclose the beneficial owners of their holdings. "We had raised this issue a few days ago, in light of information that two Mauritius-based FPIs that were part of the revelations in the still-unfolding Modani mega scam, have petitioned the Securities Appellate Tribunal to seek urgent relief from complying with these new foreign investor norms," he said in a post on X. "Some questions to the
Mandates disclosure of beneficial ownership, allocates registration and monitoring responsibility to DDPs
Closes at new loan of 83.99/$
The market regulator is also working to make regulations 'light-touch' for those FPIs which only invest in government securities or are sovereign funds
The benchmark S&P BSE Sensex has rebounded nearly 4 per cent from this month's lows but remains 1 per cent below its record highs
On August 5, FPIs sold shares worth Rs 10,073 crore, marking their third-largest single-day outflow, which led to a 3 per cent drop in benchmark indices
The Nifty 50 index closed at 23,993, with a decline of 63 points (0.3 per cent). Both indices ended with losses for a third consecutive session.
This is the fourth month in this calendar year when the new additions have remained above 4 million
Foreign investors infused Rs 32,365 crore into Indian equities in July on the back of expectation of continued policy reforms and sustained economic growth and better-than-expected earnings season. However, they pulled Rs 1,027 crore from equities in the first two trading sessions of this month (August 1-2), data with the depositories showed. There has been a mixed trend with respect to FPI flows following the budget announcement on increase in capital gains tax on equity investments. Going forward, developments in the US economy and markets will set the trend for FPI in August, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. "Weaker-than-expected employment data along with slowing economy has made it certain that the US Fed is expected to cut rates in September. The more important question here is the extent of cut. Currently, there is strong commentary getting built for maybe a 50 basis points rate cut in interest rates," Vaibhav Porwal, Co-founder
Ireland takes the fourth spot with over Rs 4.41 trillion assets under custody
The Sensex ended the session at 78,674, gaining 621 points or 0.8 per cent, while the Nifty 50 index ended at 23,869, up 147 points or 0.6 per cent
$10.4 billion bond inflows since Sep '23
Markets regulator Sebi on Wednesday relaxed timelines for disclosure of material changes by Foreign Portfolio Investors (FPIs). The regulator categorised material changes notified by FPIs into two groups. Type I group includes changes that require FPIs to seek fresh registration, or which affect any privileges or exemptions available to such foreign investors and Type II includes all other material changes. In its circular, Sebi said that FPIs are required to report Type I changes within seven working days and provide supporting documents within 30 days and Type II changes require notification and supporting documents within 30 days. At present, FPIs get up to seven working days to submit information to the watchdog with regard to any material change in its structure or ownership or control or investor group. Some of the Type 1 material changes include change of jurisdiction; name change on account of acquisition, merger, demerger, and ownership. Type II is any material changes oth
Move could boost issuance and drive flows into domestic markets, say experts
From 0 to 21% less than a year, the bourse has seen making further stride
FPIs under question no longer have significant exposure to these stocks
The yield spread narrowed to -0.61 per cent on Monday, a stark contrast to 0.99 per cent a year ago and the 20-year average spread of 2 per cent
Foreign investors pulled Rs 18,600 crore out of Indian markets last week, the most in 2024, influenced by US economic factors and geopolitical tensions
Legal experts divided on whether grandfathering will be available for investments before April 2017
The rally was on the back of an encouraging business update for the March quarter where HDFC Bank's deposit growth remained robust and the loan-to-deposit ratio fell