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%.
Denne historien er fra December 04, 2024-utgaven av Hindustan Times.
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Denne historien er fra December 04, 2024-utgaven av Hindustan Times.
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Why does it take so long to gain wings?
Alexander the Great conquered the entire West Asia and defeated the Persian Empire before he, in a modern parallel, reached the final year of BCom.
The strangeness of hatred for the Other
To be honest, I'm struggling for the right word. I wouldn't call it inexplicable because that suggests it cannot be explained. Nor would I call it deplorable though if others did, I wouldn't rush to disagree. No, I'd perhaps plump for strange, in the sense of both bizarre and bewildering. But is that the mot juste? I'm not sure.
The need to protect the sanctity of the Preamble
Why apex court's ruling on the amendment of the Constitution during the Emergency to include secularism and socialism in the Preamble sets off mixed feelings
A moral compass for redeeming Sikh legacy
The Sikh community has long exemplified integrity, courage, and generosity – virtues deeply embedded in its foundational principles of seva (selfless service) and sarbat da bhala (welfare of all).
PM MODI HAILS ELEVATION OF INDIAN PRIEST BY POPE FRANCIS
In a grand consistory held in the Vatican on Saturday, 51-year-old Indian priest George Jacob Koovakad was elevated to the rank of cardinal by Pope Francis.
"Cong uses others for polls:' Nadda hits out
Union health minister and Bharatiya Janata Party chief JP Nadda on Saturday accused Congress of being a \"parasite party\" that depended on other regional outfits to win elections.
Help to develop India by 2047: Modi at BAPS meet
Prime Minister Narendra Modi on Saturday praised the service rendered by volunteers of BAPS, a spiritual, volunteer-driven fellowship, and asked them to work to make India a developed nation by 2047.
FORMER AAP MLA PHOOLKA TO JOIN S.A.D. AMID PARTY REORGANISATION
Former Aam Aadmi Party MLA and human rights lawyer Harvinder Singh Phoolka on Saturday announced that he will join the Shiromani Akali Dal (SAD).
POLICE RECEIVE THREAT MESSAGE AGAINST PM MODI
Mumbai Police on Saturday received a message threatening to kill Prime Minister Narendra Modi, an official said.
Rain, snow likely over NW India this week
A western disturbance is likely to cause light or moderate rain/snowfall over the Western Himalayan region between December 8 and 11, and light isolated rainfall over Punjab, Haryana, Chandigarh, Uttar Pradesh on Sunday and Monday, the IMD (India Meteorological Department) warned on Saturday.