China to boost PPP model in Silk Road initiative countries
The Dollar Business Bureau China will encourage public-private partnerships (PPP) in the nations participating in the Belt and Road Initiative or One Belt One Road (OBOR) initiative, a trade and infrastructure network connecting Asia with the Europe and Africa with the ancient trade route, said an official on Sunday. He Lifeng, Deputy Head, National Development and Reform Commission (NDRC), said NDRC and other departments, in order to encourage the PPP model in nations along the routes, have come up with the mechanism. However, he did not divulge more details. The PPP model would help in facilitating the growth of the projects as it widens the financing channels for the forms, he said. Innovative financing mechanisms were essential as some projects under Belt and Road Initiative need huge investments ...
FPI inflows crosses Rs 20k cr in Sept, a 11-month high
The Dollar Business Bureau Foreign portfolio investors (FPIs) invested more than Rs.20,000 crore into the Indian capital market in the month of September, a 11-month high. This also marks the positive inflows (equity and debt), consecutively for last three months. This trend is expected to remain in the coming weeks as the market regulator, Securities and Exchange Board of India (SEBI), has decided to provide direct entry to the overseas investors who are well-regulated, in investing in the corporate bonds, according to experts. The recent jump in capital inflow is attributed to the factors like progress in GST rollout, improved corporate earnings and the decision of US Federal Reserve for not lifting interest rates. The environment has improved after the current account deficit (CAD) lessened sharply to $300 million, or ...
Bankruptcy code boosting corporate bonds: CRISIL
The Dollar Business Bureau The various initiatives of Indian government and the newly introduced Insolvency and Bankruptcy Code, 2016 are boosting the country’s corporate bond market, said CRISIL in a report. According to it, lesser profitability of public sector banks (PSBs) has reduced their capability in accruing capital. Weak performance, particularly due to the rise in non-performing assets (NPAs), has created a challenging environment for the PSBs in raising money from the capital market. Higher provisioning is another factor that has weakened the ability of PSBs in offering better interest rates. Along with the rise in credit demand, capital requirement would also increase. There are also several other imperatives of growth, the report states. India will require Rs.43 lakh crore (approximately $650 billion) for ...
RBI allows 40% foreign investments in Indian auto major
The Dollar Business Bureau Overseas investors can now invest up to 40% of the paid up capital of Maruti Suzuki India Limited under the Portfolio Investment Scheme as the Reserve Bank of India (RBI) has removed the cap on the purchase of the company’s shares. “Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Qualified Foreign Investors (QFIs) can now invest up to 40% of the paid up capital of M/s Maruti Suzuki India Limited under the Portfolio Investment Scheme (PIS),” the central bank said in a statement on Monday. The restriction on the purchase of shares of Maruti Suzuki India has been withdrawn as the foreign shareholding by FIIs/RFPIs in the Indian auto major has “gone below the revised threshold limit”. The company ...
