Latest Updates Around The World
India’s state-owned banks are in turmoil. The Nifty PSU Bank index rose as much as 2% on Monday, extending one-week gains to nearly 7%, as foreign investors, policy buzz and improving balance sheets fueled a rally that has gripped the public sector banking sector. The index closed lower in just one session last week, with […]
RBL Bank MD and CEO R Subramaniakumar recently compared Emirates NBD Bank’s (ENBD) proposal to acquire a 60 percent stake in RBL Bank, through a primary infusion of about $3 billion (₹26,850 crore) to “bees attracted to flowers to collect nectar and pollen”. The CEO’s comment also reflects ongoing developments in the country’s fast-growing banking […]
Foreign portfolio investors (FPIs) remained net sellers of Indian shares in September, with RS 23,885 Crore (approximately USD 2.7 billion) and took an outflow from year to date to RS 1.58 LAKH CRORE (USD 17.6 billion). This marks the third consecutive month of recordings, after heavy outskirts of RS 34,990 Crore in August and RS […]
India will witness the busiest month for IPOs in almost 30 years, with no fewer than 25 companies being expected to hit the mainboard segment in September. According to Data from Primedatabase, compiled by Bloomberg, the last such increase in IPOs was seen in 1997, when 28 companies ticked into the markets. They are expected […]
Capital markets Regulator Sebi approved a single-Window approval system on Friday to make it easier for foreign investors to access the Indian markets. The decision, which was made today during a board meeting, will facilitate the standards for FPIs, including sovereign asset funds such as GIC van Singapore, Adia van Abu Dhabi, Norway Pension Fund, […]
The Indian market regulator will further simplify the regulations for foreign investors to encourage long -term capital flows in the country, said the Securities and Exchange Board of India in its annual report published on Tuesday. Last week the Sebi set a single-window approval and access for the securities markets of India for foreign investors […]
