Infosys, TCS, Wipro and other IT stocks rise up to 2% after the rupee fell to a new low. What drives this movement?

IT stocks such as Infosys, TCS and Wipro rose up to 2% on Wednesday after the sharp fall in the rupee past the Rs 90 per dollar mark spurred renewed buying in high-export technology names. The currency’s fall to an unprecedented 90.13 against the US dollar, its weakest level ever, pushed investors towards dollar income […]

Sebi proposes measures to expand the Indian participation of the residents in FPIs

In an attempt to facilitate a greater participation of resident Indians in the foreign portfolio landscape, the Securities and Exchange Board of India (SEBI) released a consultation document with various important proposals aimed at increasing the involvement of Indian investors at FPIs. These proposals are designed to create a more inclusive investment environment, especially for […]