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Sebi has allowed up to 100 per cent aggregate contribution by non-resident Indians, Overseas Citizens of India, Resident Indians in the corpus of FPIs that are based out of International Financial Services Centre (IFSC). The move is expected to enhance investment by Foreign Portfolio Investors (FPIs) in India. In a circular issued on Thursday, Sebi said it has amended FPI rules to «provide flexibility of having up to 100 per cent aggregate contribution by non-resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indians (RI) Individuals in the corpus of FPIs based in IFSCs in India and regulated by International Financial Services Centres Authority (IFSCA)».

Chakri Lokapriya, Managing Partner, RSB LLP, says ICICI among the private banks is still ahead. In terms of HDFC, there is still time to get onto the bus. Despite their merger integration and cost of capital issues, it is still a great bank. It has acquired another big home loan provider and it will take time. So, we will still wait on the sidelines until their cost of capital and merger-related issues are all sorted out. Lots of consolidation is taking place within the entire cement sector, in particular with the news on UltraTech and India Cements. How are you reading into this news? Chakri Lokapriya: UltraTech is the market leader at about 200 million tonnes.

India-Middle East-Europe Economic Corridor (IMEC) will prove to be one of the «biggest game-changers» of the 21st century, President Droupadi Murmu said in Parliament on Thursday. She also said the global order is taking a «new shape» and that the government's efforts are resulting in «Bharat» giving a new confidence to the world as a «Vishwa-Bandhu» (friend of the world). In her address to a joint sitting of the Parliament, Murmu said India today is the first responder in any crisis and has become a strong voice of the Global South in view of its human-centric approach. Outlining priorities of the Modi government in the foreign policy domain, the president said India is giving great emphasis on connectivity.

₹422.95 apiece on the BSE.Emkay Global assigned a ‘Buy’ rating to Man Industries (India) shares with a target price of ₹500 per share, implying a 27% upside.Man Industries stock price has more than doubled within one year, reflecting improved business fundamentals as well as greater visibility on execution of its announced expansion plans. Also, industry tailwinds in the form of demand growth for pipes as well as capacity growth by peers have provided meaningful clarity on Man Industries charting a similar path, analysts said.Also Read: Jio tariff hike impact: Reliance, Bharti Airtel jump, Vodafone Idea share falls 2.5%“We reckon the optimism around such tailwind and growth aspirations are mostly in the price = ‘potential’.

Club Mahindra review from one of our valued customers who has experienced the magic of the Club Mahindra holiday.Experience with Club Mahindra resorts:When it comes to family vacations, finding a place that caters to everyone’s needs can be a challenge. However, Club Mahindra's resorts have long been touted as ideal destinations for families, thanks to their diverse locations, excellent amenities, and range of activities. Check-In Experience of Club Mahindra Resorts:The check-in process at Club Mahindra Resorts is generally seamless.

Wheat yields plummeted last year to 1 ton per hectare (2.5 acres), his smallest harvest ever, as the worst drought period in three decades envelops the North African nation. The 25-foot-deep well on Sadiri’s plot dried up, and he can’t afford to dig any deeper. So now he’s trying barley, a more resilient crop. Sadiri is among 1.2 million grain farmers suffering the brunt of climate change in Morocco, where the frequency of droughts has quintupled this century. The impact will ripple far beyond its borders: The country stands to bring in record volumes of wheat — at a time when major shippers like France and Russia are suffering harvest setbacks of their own — and less of its fruit and vegetables will line store shelves in Europe, the US and the rest of Africa.

heavy rain in a few areas of Delhi-NCR, ahead of the monsoon's formal arrival. The ceiling of Delhi Airport Terminal 1 collapsed this morning due to heavy downpours. Metro service update: Yashobhoomi Dwarka Sector 25 Metro station's entry and exit will be closed due to heavy rainfall. Additionally, until further notice, the Aerocity Metro station to Terminal 1-IGI Airport shuttle service has been discontinued. All other lines will continue to provide regular services.

Review Your Current Health Insurance Policy: Start by thoroughly reviewing your existing health insurance policy. Check for maternity coverage details, including waiting periods, coverage limits, and any exclusions related to pre-existing conditions.Understand Waiting Periods: Many health insurance policies have waiting periods specifically for maternity coverage. This means that you may need to wait for a certain period after purchasing the policy before being eligible for maternity benefits.

Budget 2024: Tax and consultancy firm EY, as quoted by Moneycontrol, said in a report on June 27 that the government should raise the basic exemption limit under the new tax regime from ₹3 lakh to ₹5 lakh to provide taxpayers with more disposable income.

NASA said on Thursday that it would continue to evaluate Starliner's propulsion system performance along with Boeing before the shuttle returns from the International Space Station (ISS). NASA and Boeing did not provide a new date on the return, which had been set for June 26 after a pushback from the first potential date of June 14.

slowdown in India's fast-growing economy held steady in the first Reuters poll of economists since the ruling Bharatiya Janata Party (BJP) lost its parliamentary majority in phased national elections that ended in early June. Asia's third-largest economy grew 8.2% in the last fiscal year, the fastest among major economies. But growth is set to slow to 7.0% and then 6.7% in the current and next fiscal years, according to a June 19-27 Reuters poll of over 50 economists.

«I would say at this point, wait. I know I think markets will react as they are, markets will just be markets and throw volatility at you just to excite you all the time. But I think at some point, we got to wait to get some reaction from the companies and see some numbers in the results,» says Deepak Shenoy, Founder, Capital Mind. Just wanted to get your views on the IT sector that we are trying to get the conversation going with. What is the view? Deepak Shenoy: So, I think we will wait for results. Basically, because the problem right now that you are seeing in the IT sector is that you are not really sure of the spends that are happening abroad. And a lot of places you are having issues, specifically in Japan and in Europe, you are having a different, more recessionary impulse there. America, you are having a different situation where spending has actually slowed down quite a bit and then they are not actually giving you big deals.

Selecting a health plan for kids with special needs Khare has decided to appoint herself, her husband, and two close relatives as trustees to look after her son. "The second line of trustees could be sons and daughters of our siblings, but we never know who would move abroad or stay in India. or be in the same city where my son lives.

Reserve Bank of India has expressed concerns over risks arising from financial institutions' dependence on artificial intelligence and third-party information technology. This risk could intensify in tightly interconnected institutions, the central bank said in its bi-annual Financial Stability Report. A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. «In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures,» the report stated.

online gaming platforms is acting as a driver of illegal betting and gambling activity in India which is expected to grow at 30% in coming years, according to a new study. According to Delhi-based policy think tank Centre for Knowledge Sovereignty (CKS), in India, despite regulatory restrictions, the illegal better market receives an estimated $100 billion per annum in deposits.

semiconductor design company Synopsys will help Tata Electronics ramp up designing of custom semiconductor products, help in factory automation, data analytics, computer-aided design and supply product design kits, and develop intellectual property for chip fabrication, chief executive Sassine Ghazi told ET. Ghazi met Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He also held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.

Coinbase has filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) after the crypto exchange failed to obtain requested records from the government agencies under the Freedom of Information Act (FOIA), Thursday court documents show.

The Chosen" Season 4 were met with unexpected news during the livestream of episode 7 on YouTube last Sunday. Series creator Dallas Jenkins announced a delay in the release date for the highly anticipated finale episode, shifting its premiere to accommodate scheduling conflicts.

Over the past decade, ETFs have seen a level of growth virtually unmatched by all other typical investment vehicles within the US, including mutual funds – and that’s been largely due to adoption among financial advisors and end-investors in the retail sector, according to a new report by Cerulli.