GLOBAL DEPOSITORY RECEIPTS
New Sebi framework to boost depository receipts
Experts believe that issuing DRs has the added benefit of increasing the share's liquidity while boosting the company's prestige on its local market.
Pak family-run UK company, Formations House, at centre of global investigation
Founded by Pakistani-origin businessman Nadeem Khan, Formation...
Sebi brings in liberalised norms for depository receipts
The liberalised norms for DRs were issued in 2014 but could not be implemented due t...
FPIs pour Rs 17,722 crore into markets in November so far
FPIs were net buyers in the preceding two months as well.
Global funds dump company bonds as credit worries persist
Overseas funds pulled Rs 2,640 crore in October, making it the 7th straight month of outflow.
From 1% in FY17, foreign funds now hold ARCs’ 60% securities receipts
ARCs securitises assets and sell the receipts to investors.
FPIs remain net buyers in October; pump in over Rs 3,800 crore into Indian markets
Investment in September had come following net outflows in July and August.
India's growth is in barely positive territory: US think tank
“Several key indicators are not just slowing, but in absolute decline, including non-oil imports (-6.6% in current dollars), non-oil exports (-1.6% in current dollars), and the index of production of capital and infrastructure goods,” CGD scholars said. Other indicators show positive growth, but far below the 6% benchmark that the World Bank and IMF project for the economy as a whole.
Sebi imposes Rs 40 lakh fine on Sybly Industries MD, director for GDR manipulation
Sebi noted that the entire 1.51 million GDR were subscribed by only one entity, Vintage FZE (now known as Alta Vista International FZE).
GDR manipulation: Sebi levies Rs 16 cr fine on Sanraa Media, its 6 officials
The order comes pursuant to an investigation conducted by Sebi in connection with several Indian companies that had issued GDRs in overseas market with the intention of defrauding Indian investors.
FPIs pull out over Rs 6,200 crore in October so far
Foreign investors pulled out a net amount of Rs 4,955.2 crore from the equities.
Market Movers: What changed for D-Street while you were sleeping
Here’s breaking down the pre-market actions.
Who let the data out? 8K BBMP tax receipts online
As the receipts were not public documents, the BBMP should put in place security controls, like captcha or passwords, to ensure that no one can download multiple receipts.
KEI Industries pays Rs 1.78 crore to settle 2 cases with Sebi
The regulator had initiated two adjudication proceedings against the firm for alleged violation of PFUTP (Prohibition of Fraudulent and Unfair trade Practices) norms as well as provisions of Securities Contracts (Regulation) Act.
TCS shares rise afterdeal with QNB group
Shares of TCS rose after the deal announcement, closing 2.13 per cent higher at Rs 2087.80 on the BSE.
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