Overseas Investment

ITC Hotels plans to expand business internationally post-demerger

ITC plans to expand its hotel business internationally, beginning with neighbouring countries and West Asia, its Chairman and Managing Director Sanjiv Puri said. The cigarettes-to-consumer goods conglomerate has demerged its hotels division and the new company will list on bourses in the next couple of weeks. The date of ITC Hotels Ltd listing is yet to be announced but Puri said it will happen in "next few weeks". India's most-valued consumer company selling a wide variety of goods from cigarettes to paper, also operates 140 hotels, almost all of them in India. ITC's shareholders will own 60 per cent in the new unit, with the parent company retaining the rest. "So as far as overseas is concerned, we are starting to (expand). We have been India-centric, but we have started to go beyond India. We have a hotel in Colombo. We have one in Nepal. There is one more in Nepal that we have signed up for. "And over a period of time, we will expand (overseas), primarily more focused on proxi

Japan's megabanks flushed with cash; look at India, US for fresh deals

All of the companies have more cash on their balance sheets than their target common equity tier 1 ratios and have plans to reduce their strategic holdings over the next several years

RBI opens gates for investors, companies to invest in overseas funds

The RBI issued a circular on Friday amending the Foreign Exchange Management (Overseas Investment) Directions, 2022, lifting several restrictions

TCS to diversify to other markets amid US weakness: CEO Krithivasan

"We believe it (fiscal 2025) could be a better year than fiscal 2024," Krithivasan said

Tax tweaks send foreign mutual funds into a 5-month outflow eclipse

Shadow of decline lingers in virtually all subscription-happy fund houses

Overseas holdings of MFs fall 13.5% in FY23, outlay at $5.6 bn in March

At the same time, the investment of foreign investors in Indian MFs increased by 1.6 per cent (in dollar terms) to $18.7 billion

Waive late submission fee of nearly Rs 225 crore: Oil companies to RBI

OilMin writes to Department of Financial Services to end impasse

Overseas assets of Indians rose in December quarter of 2022-23: RBI data

Trade credits and loans were primary contributors to the rise in India's foreign liabilities, the data stated

India's real rate shouldn't be more than 1%: MPC member Ashima Goyal

In a Q&A, she says the interest differential with US does not matter so much because India has caps on interest sensitive inflows. Overseas investment is a very low share of the country's debt market

Gateway Partners sees over $1 bn investment potential in India in 5-10 yrs

Gateway Partners is planning to invest over USD 1 billion in the next five to 10 years in the booming Indian economy, according to a top company official. It has already invested over USD 250 million in several Indian assets over the past five years. "Over a billion US dollars over the next five to 10 years," V Shankar, co-founder and CEO of Gateway Partners told PTI on Monday when asked about his investment plans for India at the sideline of the Forbes Global CEO Conference in Singapore. "We are looking at tonnes of opportunities in India, said Shankar, adding he was very optimistic about the consumer-driven Indian market. He also noted that foreign investment flow into India was being encouraged by domestic investments, led by entrepreneurs in the infrastructure-industrial programmes and long-term economic development plans. Reflecting on the consumer spending in the country, he said Gateway Partners has just opened two outlets last in Delhi and the NCR region. Tim Hortons, a .

Investing abroad rules revamped to increase ease

This should help Indian businesses take and manage overseas exposure

Sebi comes out with guidelines for overseas investment by AIFs, VCFs

Sebi on Thursday came out with new guidelines for Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) for making investment abroad, under which overseas investee firms won't need to have an Indian connection. Under the rules, AIFs can invest in securities of companies incorporated outside India. Besides, VCFs are allowed to make investments in off-shore venture capital undertaking, subject to certain conditions. One of the conditions was that such overseas investments were allowed only in those companies which had an Indian connection. Like, a company has a front office overseas, while having its back office operations in India. "The requirement of the overseas investee company to have an Indian connection... has been done away with," the Securities and Exchange Board of India (Sebi) said in a circular. As per the fresh guidelines, AIFs or VCFs will be allowed to invest in an overseas investee company, which is incorporated in a country whose securities market ...

After $30 bn exodus, foreign funds trickle back into Indian equities

Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets

RBI allows more FPI access to Indian bonds, but returns may not lure flows

Treasury officials believe the move may not work as rising interest rates abroad and high domestic inflation have eroded returns from Indian fixed-income assets

India Inc's direct overseas investment plunges 67% to $754 mn in Feb

India Inc's direct overseas investment declined 67 per cent to USD 753.61 million in February this year, the Reserve Bank data showed on Thursday.

Overseas investment limit of MFs must be hiked now

Delay in hiking the limit will leave doubts about the concerns that weighed on the RBI, and whether those concerns could arise again in future

Foreign funds in a bind over Sebi's curbs on overseas investments by MFs

After the Sebi diktat, international funds had stopped taking fresh inflows into their schemes

Overseas investment cap for domestic mutual funds may be doubled

Sebi may raise the industry-wide limit from $7 bn to $12-15 bn

Net AUM of overseas FoF up 216% in a year, shows Amfi data

Amfi shows that net AUM of FoFs investing overseas stood at Rs 24,189 crore in November, against Rs 7,642 crore a year ago.

MSCI warns India, four other emerging markets against restrictive policies

Says could lead to a downgrade in market classification