Mirzapur
WhiteOak Capital AMC collects Rs 550 cr via Flexicap Fund NFO
The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments. "Given this was our maiden retail mutual fund offering, all we expected was a willingness from industry participants to experience us with a wide-spread participation and a critical mass of investor base on which to deliver performance and build track record.
Foreign investors pour over Rs 12,000 cr in Indian equity in last 10 days
"There is a complete reversal of FPI activity in the Indian stock market. FPI who were relentless sellers in the Indian market from October 2021 to June 2022 turned net buyers in July and the buying continues in August, so far. The change in FPI strategy has imparted strength to the recent market rally," said Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
British investments in India continue since East India Company
According to Grant Thornton Bharat's latest Britain Meets India (BMI) report 2022, the UK remained the sixth-largest investor in India, with a cumulative investment of about $31.92 billion in 2000-22. This constituted around 5.4 per cent of the total foreign direct investment (FDI) into India. Despite low-key merger and acquisition (M&A) activity, the India-UK corridor witnessed 13 deals including India's Wipro Ltd acquiring Capco, Reliance Group acquiring Faradion Ltd and Bharti Enterprises acquiring Oneweb Ltd, the report noted.
US govt calls out Data Protection Bill as a trade barrier
The NTE Report identifies a range of important challenges and priorities to guide the Biden administration's trade policy and also raises serious concerns over the proposed and promulgated restrictive data policies in India and cites them as ‘Digital Trade Barriers'. Given the importance of India-US digital trade, its a serious set back to the attempts by Commerce Ministry to get a trade deal going with Washington.
Sri Lanka ends ban on foreign exchange transactions
The Sri Lankan central bank has lifted a ban on foreign exchange transactions and allowed banks to provide forward sale and purchase of foreign exchange facilities to importers. Forward sale and purchase of foreign exchange are contractual agreements between two parties to exchange a pair of currencies at a specific time in the future.
JM Financial gives 'buy' call for ITC, GAIL, M&M Financial, 6 others
For ITC stocks, the brokerage has set a target price at Rs 295, as against the current price of Rs Rs 233.6. For GAIL and Mahindra & Mahindra Financial, the target is set at Rs 185 and Rs 200, respectively. On Friday, these two shares settled at Rs 146.65 and Rs 154.15, respectively, data showed.
FDI under 7 years of Modi govt nearly 58 per cent of last 21 years
The Survey has pointed out that over the last seven financial years (2014-21), India received FDI inflows worth $440.27 billion, which is nearly 58 per cent of the FDI received by the country in the 21 years prior to that ($763.83 billion). The Modi government assumed office in 2014. The Survey said that the measures taken by the government to put in place an enabling investor-friendly FDI policy has resulted in increased FDI inflows, setting new records.
UAE firm to invest $100 million in J&K, MoU inked
An MoU was signed in a special event presided by the Lieutenant Governor Manoj Sinha. The investment will cover three hotels and one commercial-cum-residential complex in Jammu & Kashmir. The owner of Century Financial Bal Krishen is originally a native of the Doda district of Jammu and has been a forerunner in supporting his home region.
India capable of attracting annual FDI of $120- $160 bn by 2025: Piyush Goyal
He made these remarks while speaking at the second edition of the CII National Conference on MNCs, 2021 via video link. He also said that the FDI over the past seven years has observed a positive trend wherein each year the FDI recorded is breaking the previous year's record.
ECGC to get over Rs 4K cr investment in 5 yrs
The investments will be made from FY2021-2022 to FY2025-2026. Besides, the approved infusion, along with the company's listing process through the Initial Public Offering (IPO), is expected to increase the underwriting capacity of the ECGC to support more exports.
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