INDIA EXEMPTS FOREIGN INSTITUTIONAL INVESTORS FROM CAPITAL GAINS TAX ON ANY INTEREST ON GOVT SECURITIES (PNB GILTS)
RBI CHIEF:ELEVATED ENERGY PRICES, SUPPLY CONSTRAINTS HAVING ADVERSE SPILLOVER ON ECONOMIC ACTIVITY
INDIA EXEMPTS FOREIGN INSTITUTIONAL INVESTORS FROM CAPITAL GAINS TAX ON ANY INTEREST ON GOVT SECURITIES (PNB GILTS)
INDIAN GOVT OPENS MORE DOOR TO FII
OPENS MORE DEBT TO FII PURCHASES OFFERS SWAP AND HEDGE
OPENS MORE DEBT TO FII PURCHASES OFFERS SWAP AND HEDGE
HINDUSTAN ZINC: INDIA SAID TO WEIGH UP TO $525M HINDUSTAN ZINC OFFER FOR SALE: BBG
RBI INCREASES OVERSEAS INVESTMENT LIMIT FOR INDIVIDUAL RESIDENTS UNDER OPI TO 24% FROM 10% IN INDIAN LISTED COMPANIES
RBI GOVERNOR: EXPECTS HEALTHY FOREIGN INFLOWS THROUGH ECBS, EQUITIES & GOVT BONDS AFTER TODAY'S MEASURES
BLUSPRING ENTERPRISES LIMITED: CO. AWARDED ₹2,049.8 CRORE CONTRACT
MCAP: 1200 CRS
MCAP: 1200 CRS
PUNE IT HIRING SCAM: FITE SEEKS SIT PROBE, WRITES TO MAHARASHTRA CM, LABOUR MINISTRY AND IT MINISTRY
FITE ALLEGES MAJOR IT RECRUITMENT FRAUD IN PUNE; OVER 10,000 FRESHERS MAY HAVE BEEN AFFECTED BY FAKE IT CONSULTANCIES
FITE DEMANDS SPECIAL INVESTIGATION TEAM (SIT) PROBE TO TRACE FUNDS, RECOVER LOSSES AND TAKE ACTION AGAINST THOSE RESPONSIBLE
FITE ALLEGES MAJOR IT RECRUITMENT FRAUD IN PUNE; OVER 10,000 FRESHERS MAY HAVE BEEN AFFECTED BY FAKE IT CONSULTANCIES
FITE DEMANDS SPECIAL INVESTIGATION TEAM (SIT) PROBE TO TRACE FUNDS, RECOVER LOSSES AND TAKE ACTION AGAINST THOSE RESPONSIBLE
RBI GOVERNOR: RBI IS EXAMINING A PROPOSAL TO INTRODUCE POLYMER CURRENCY NOTES IN INDIA; PROPOSAL IS AT A PRELIMINARY STAGE
HDFC SECURITIES SAYS BANKING RULE WILL IMPACT TRADING VOLUME TO DROP BY 10-12% (BSE, MCX)
INDIA TO EXEMPT WITHHOLDING TAX ON BOND INCOME; EXEMPTION TO BE NOTIFIED AFTER PROMULGATION OF THE ORDINANCE
HDFC SECURITIES
QUANTUM OF IMPACT - BIG DROP IN VOLUMES FOR PLAYERS LIKE BSE, MCX AND ANGEL ONE*
This measure could impact
trading activity, as ~35% of industry margins are backed by FD and BGs;
assuming half of these are pure bank guarantees and applying a 50% impact,
the *resulting effect on derivatives volumes is estimated at about 8–10%*
QUANTUM OF IMPACT - BIG DROP IN VOLUMES FOR PLAYERS LIKE BSE, MCX AND ANGEL ONE*
This measure could impact
trading activity, as ~35% of industry margins are backed by FD and BGs;
assuming half of these are pure bank guarantees and applying a 50% impact,
the *resulting effect on derivatives volumes is estimated at about 8–10%*
BSE shares fall 5%, Angel One down 2% as RBI likely to go ahead to implement bank lending rule for prop trading