Search Result for : Foreign Investors

PTI  Indians have emerged the top foreign property investors in Dubai, spending over $3.2 billion last year alone, according to the Dubai Land Department. The total real estate investments last year reached Dh91 billion ($2.4bn) from 55,928 investors and Indians were ranked highest in terms of both volume and value among foreign investors with Dh12 billion ($3.2 bn) worth of property transactions from 6,263 buyers. In an effort to attract more investments from Indians, the 13th edition of the International Property Show will be held from April 2-4 this year. "The UAE's safe haven status, stable economic growth and bottomed out prices have been the key factors for attracting Indian realty investments in Dubai. In addition, many Indians find Dubai as ...

The Dollar Business Bureau Foreign investors have withdrawn around Rs.6,000 crore from the country’s debt markets in the first two weeks of October, after investing a huge amount in the month of September. On the other hand, foreign portfolio investors (FPIs) have invested Rs.180 crore in the Indian stock markets during the given period. Siddhant Jain, Chief Operating Officer (COO), SAS Online said that the recent cut in the repo rate by Reserve Bank of India (RBI) is one of the factors that resulted in the outflow. Due to downward pressure on the yields of bond, debt did not look attractive. In addition, new RBI Governor Urijit Patel's dovish stand and flexibility to further reduce rates if required has supported the outflow, he added. The Reserve Bank, on October 4 in its ...

The Dollar Business Bureau Reserve Bank of India (RBI) has given its approval to foreign investors to increase their share up to 30 percent in Motherson Sumi Systems Ltd, the flagship company of the Samvardhana Motherson Group. Earlier, the limit was 24 percent. “Foreign institutional investors (FIIs)/registered foreign portfolio investors (RFPIs) can, under the Portfolio Investment Scheme (PIS), now invest up to 30 percent of the paid up capital of Motherson Sumi Systems Limited,” the central bank said in a notification. The Board of Directors of the Motherson Sumi Systems had cleared a resolution and a special resolution has been passed by the shareholders agreeing to enhance the purchase limit of company’s equity shares by RFPIs/FIIs. Through PIS, the FIIs, NRIs and Persons of Indian Origin ...

PTI Seeking to deepen capital markets, regulator Sebi on Friday offered direct entry to well-regulated foreign investors for investing in corporate bonds and relaxed the norms for raising funds through infrastructure and real estate investment trusts. At the same time, Sebi also unveiled a number of steps to check misuse of private equity agreements for grant of share price-based remuneration and proposed to ban use of bulk SMSes, emails and new-emerging techniques like games, competitions and trading leagues for luring the gullible investors into fraudulent activities. Sebi also allowed foreign investors to own up to 15 per cent stake in domestic stock and commodity exchanges, a move that is expected to help attract more overseas funds. Currently, foreign entities can hold only up to 5 ...

PTI For the second-straight month, India trimmed its holdings of American government securities to USD 117.2 billion in June. Neighbouring China, which is the largest holder of such securities, too cut down its exposure to USD 1.241 trillion during the same period from USD 1.244 trillion in May. Latest data from the US Treasury Department showed that India's holdings fell to USD 117.2 billion in June from USD 118 billion in the previous month. At the end of April, India held American government bonds worth USD 121.6 billion. Among the BRIC nations, India has the third largest holding of these securities after China and Brazil, whose exposure stood at USD 251.6 billion in June. During the same time, Russia's holding touched USD 90.9 ...

The Dollar Business Bureau  The government will provide exemption to foreign companies such as Apple Inc, which are coming with cutting edge and state-of-the-art technology, from the mandatory domestic sourcing norms under the single-brand retail for up to 3 years. Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP) said that these foreign companies will be provided a 5-year period to comply with the mandatory local sourcing norms of 30 percent, after the completion of the exemption period. This is being done to generate more jobs and encourage the growth of micro, small and medium enterprises (MSMEs) in the country. “For us, local sourcing is an important issue because we need to create jobs and interest of MSMEs is very important. Companies whose ...

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 ...

The cases that have been resolved in the past two years are related to sectors like software and other IT-enabled services, manufacturing and consultancy The Dollar Business Bureau According to the government, MAP is an effective tax dispute resolution mechanism, which ensures smooth business environment for foreign investors and reduce the number of cases under litigation   The Indian tax authority has resolved 180 disputes worth Rs. 5,000 crore pending with various foreign companies since April 2014 under the framework of Mutual Agreement Procedure (MAP). MAP, which is part of the Double Taxation Avoidance Agreement signed by the Indian government with the US and other countries, allows smooth settlement of tax-related issues concerned with multinational companies operating from India. Most of the disputes emerge due ...