FII

Union Cabinet gives nod to Composite Foreign Investment Cap

Union Cabinet has given nod to introduce composite foreign investment cap in a bid to streamline the Foreign Direct Investment (FDI) structure. Decision in this regard was taken during Union Cabinet meeting chaired by Prime Minister Narendra  Modi in New ..

Month: 

Union Government Constitutes Justice AP Shah Committee to look into the issue of MAT on FIIs

Union Government has constituted Committee headed by Justice A.P. Shah to look into the issue of Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs). It was announced by Union Finance Minister Arun Jaitley in Rajya Sabha. The committee will ..

Month: 

Provide information to SIT on black money: RBI directs banks and FIs

The RBI has asked all Banks and Financial Institutions (FIs) to provide information and documents sought by the Special Investigation Team (SIT) set up to uncover black money. The new Government at Centre recently constituted an SIT under the chairmanship of ..

Month: 

Mayaram Committee’s definitions of FDI, FII accepted by the Government of India

The Government of India has accepted the report of Mayaram Committee thereby accepting the definitions of FII and FDI. The panel headed by Finance Secretary was set up to rationalize the definitions of FII and FDI. Some key points from ..

Month: 

LIC trims stake in Infosys to 3.25%; garners ₹850 cr

LIC, the biggest institutional investor in the stock market, the State-run insurer Life Insurance Corporation of India (LIC) has reduced its stake in Infosys, the country’s second largest software services exporter, to 3.25% in the last quarter. The share sale estimated at ..

Month: 

RBI allowed FIIs to purchase 30% shares in Dabur

The Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FIIs) to purchase shares in Dabur India up to 30% of the firm’s paid up capital. FIIs have been allowed to buy more shares in Dabur India as the company ..

Month: