Sebi norms may've partly fuelled recent FPI sell-off
Hindustan Times|December 04, 2024
FPIs net sold shares worth almost ₹1.16 lakh cr during October-November
Ram Sahgal & Neha Joshi
Sebi norms may've partly fuelled recent FPI sell-off

A regulatory diktat in September 2023 to prevent Indian entities from abusing the foreign portfolio investor (FPI) route likely sparked a sizeable chunk of the aggressive FPI selling in the recent past, market experts said.

At a time of weak corporate earnings and rising US bond yields, selling to comply with the regulator's circular accounted for about 20-40% of the $13.75 billion outflows by global funds and global emerging market (GEM) funds in October and November, two fund managers and one securities lawyer said on the condition of anonymity.

The Securities and Exchange Board of India (Sebi) circular was designed to prevent Indian entities from bypassing India's minimum public shareholding (MPS) norms, which mandate every listed company to have a minimum public float of 25%.

هذه القصة مأخوذة من طبعة December 04, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 04, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من HINDUSTAN TIMES مشاهدة الكل
Hindustan Times

Streamline approvals for exploratory drilling, states told

The Union environment ministry has streamlined the approval process for surveys and exploratory drilling in forest areas to facilitate mineral exploration, according to a letter to principal secretaries and additional chief secretaries (forests) from all states and UTs last month.

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1 min  |
December 10, 2024
PM: Vision of 'reform, perform, transform' led to robust growth
Hindustan Times

PM: Vision of 'reform, perform, transform' led to robust growth

The country has seen robust development in every sector over the past 10 years with a vision of \"reform, perform, transform\", Prime Minister Narendra Modi said on Monday as he addressed investors and industrialists in Jaipur.

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3 mins  |
December 10, 2024
AT PRE-BUDGET MEET WITH FM, FARMERS DEMAND SCRAPPING OF GST ON AGRI INPUTS
Hindustan Times

AT PRE-BUDGET MEET WITH FM, FARMERS DEMAND SCRAPPING OF GST ON AGRI INPUTS

A delegation of farmers, which met Union finance minister Nirmala Sitharaman last week, has sought scrapping of the Goods and Services Tax on farm inputs, two people who attended the meeting said on Monday.

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1 min  |
December 10, 2024
Hindustan Times

As crisis unfolds, India pushes for stability in Syria

THE EXTERNAL AFFAIRS MINISTRY NOTED THAT IT WAS MONITORING THE EVOLVING SITUATION IN THE WEST ASIAN COUNTRY AND ADVOCATED FOR PEACE

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This season of sweetness
Hindustan Times

This season of sweetness

On the city's shakarkandi civilisation

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December 10, 2024
254 species recorded in bird survey
Hindustan Times

254 species recorded in bird survey

Winter bird count 2024 highlights

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3 mins  |
December 10, 2024
Delhi-Shillong flight diverted to Patna
Hindustan Times

Delhi-Shillong flight diverted to Patna

A SpiceJet flight (SG 2950) from Delhi to Shillong with 80 passengers and crew on board was diverted to Patna after a crack in the cockpit windshield was detected on Monday morning.

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1 min  |
December 10, 2024
Hindustan Times

2 STUDENTS FALL TO DEATH FROM 4TH FLOOR OF ROHINI HOSTEL

Two 19-year-old college students died after allegedly falling from the fourth floor of their PG accommodation in Rohini early on Monday.

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1 min  |
December 10, 2024
Hindustan Times

MUMBAI MAN HELD FOR AIDING ILLEGAL U.S. ENTRY VIA IGI IN 2019 CASE

A 59-year-old Mumbai resident was arrested last week for facilitating illegal immigration via \"donkey routes\" in a 2019 case involving a Gujarat woman deported from the US, police said on Monday.

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1 min  |
December 10, 2024
Fire breaks out at closed west Delhi eatery; 1 injured
Hindustan Times

Fire breaks out at closed west Delhi eatery; 1 injured

A massive fire broke out at a closed restaurant in Rajouri Garden, west Delhi on Monday, gutting nearby establishments and forcing students at a coaching institute above it to jump from the building's terrace to escape.

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1 min  |
December 10, 2024