The Competition Commission of India (CCI) has given the green light to IndusInd International Holdings Limited (IIHL) to acquire a significant stake in Invesco Asset Management (India) Private Limited (Invesco AMC) and Invesco Trustee Private Limited (Invesco Trustee). IIHL, a global investment holding company based in Mauritius, will acquire 60% of the shareholding in both …
The Securities and Exchange Board of India (SEBI) has revealed that a significant portion of its outstanding dues, amounting to ₹76,293 crore, is categorised as “difficult to recover.” This figure represents a 4% increase from the previous year. A significant portion of these difficult-to-recover (DTR) dues is attributed to cases pending before court-appointed committees. Such …
The Securities and Exchange Board of India (SEBI) has relaxed regulations for Category I and II Alternative Investment Funds (AIFs), allowing them to borrow funds to address temporary shortfalls in drawdown amounts. This move aims to simplify business operations for these investment vehicles. Previously, these AIFs were restricted in their borrowing activities, with limitations on …
The Indian benchmark indices exhibited a strong performance on Tuesday, with the Nifty50 index trading above its critical psychological mark of 24,700, and the Sensex inching closer to the 80,900 level. The bullish momentum was observed across the majority of sectoral indices, particularly led by Nifty IT and Nifty PSU Bank, both of which were …
The Securities and Exchange Board of India (SEBI) has proposed an expansion of the sustainable finance framework within the securities market, specifically through the introduction of Environmental, Social, and Governance (ESG) debt securities. This move is aimed at providing issuers with greater flexibility in raising funds for projects that align with ESG objectives, broadening the …
Foxconn, the Taiwanese electronics giant known for manufacturing iPhones, has seen its business in India grow to over $10 billion as of June 2024. The company has invested $1.4 billion in the country so far, bringing out its growing investment to India’s burgeoning economy. During his recent visit, Foxconn’s Chairman and CEO, Young Liu, talked …
On Friday, the Reserve Bank of India (RBI) announced stricter regulations for Non-Banking Financial Company-Peer to Peer Lending Platforms (NBFC-P2P Lending Platforms). These updated guidelines aim to enhance transparency and ensure compliance within the industry. The move comes in response to the emergence of certain practices that violate the original guidelines established in 2017. New …
The Financial Services Commission (FSC) of Mauritius refuted allegations from the new Hindenburg Research report concerning offshore funds linked to Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch. The FSC clarified that the funds mentioned—IPE Plus Fund and IPE Plus Fund 1—are not registered in Mauritius and do not fall under its …
One sectoral index that has caught the attention of market participants in 2024 is the Nifty Pharma index. Despite market volatility and recent news flow creating discomfort among investors, this index has managed to deliver an impressive 30% gain in 2024. The Nifty Pharma index has significantly outperformed the broader Nifty 50 index, which has …
The Insolvency and Bankruptcy Board of India (IBBI) has announced a new measure to upgrade the authenticity and verification of valuation reports under insolvency law. According to a circular released recently, IBBI will now issue a unique Valuation Report Identification Number (VRIN) for each valuation report prepared under the Insolvency and Bankruptcy Code (IBC). This …
