While presenting the Union Budget 2024 on Tuesday, Finance Minister Nirmala Sitharaman announced that the "Angel Tax" would be abolished. This decision is expected to significantly benefit Indian startups and foster a better environment for their growth.
Sitharaman lambasted the Western media which has a tendency to document only inimical happenings to create an atmosphere of anxiety among the business fraternity.
Indian startups have been able to transfer funds worth $250-300 million from Silicon Valley Bank (SVB) in the past 24 hours as the US allowed depositors to withdraw their cash in full from the crisis-hit bank.
In line with the Budget announcement, the Reserve Bank on Monday opened certain specified categories of government securities (g-secs) for non-resident investors as part of an initiative to deepen the bond market.
According to the latest depositories data, foreign portfolio investors (FPIs) withdrew a net amount of Rs 17,592.28 crore from equities and pumped in a net sum of Rs 11,672.26 crore in the debt segment, translating into a total net outflow of Rs 5,920.02 crore during August 1 - 30.
The latest outflow is higher than Rs 21,000 crore net withdrawals seen in entire September.
According to the latest data available with the markets regulator Sebi and depositories, fund managers lapped up shares to the tune of Rs 11,638 crore last month. On the other hand, FPIs pulled out Rs 10,825 crore from equities.
Markets, however, managed to close with gains as domestic institutional investors provided buying support.
Rooting for a lower, acceptable and stable interest rate, President Pranab Mukherjee today said that it will encourage investors to put their money into India. The President, while addressing the Bengal Global Business Summit, said
To calm the apprehensions in the capital market following Prime Minister Narendra Modi's comments on "fair contribution to nation-building through taxes" last week, the Finance Ministry said there is no move to impose long-term capital
In a major step aimed at making India a more attractive investment destination and facilitating the Make in India programme, the Centre on Wednesday decided to grant permanent residency to foreign investors for 10 years.
Washington: Terming the controversial retrospective taxation regime a "legacy issue", Finance Minister Arun Jaitley has assured US investors that the government does not intend to legislate retrospectively and is looking to put a "quietus" to
Hongkong: The investor groups of US and European nations have called for the Indian government to clarify its tax regime for foreigners on an urgent basis, following surprise attempts by tax inspectors to scrape back
New Delhi: The Union government's move to set the composite cap for foreign investment in the defence sector at 49 per cent, from earlier 26 per cent, is seeing few takers for this proposition.Even after
New Delhi: Overseas investors have pulled out nearly Rs 800 crore from the Indian stock market since the beginning of this month, mainly on account of profit booking.In comparison, the debt market saw huge inflow
New Delhi: British telecom major Vodafone Group Chief Executive Officer c Wednesday said the mood of the international investors about the new Bharatiya Janata Party-led government in India is positive but "quick decisions" will provide
Mumbai: Foreign investors will need the Reserve Bank's approval to buy equity in private sector lender Yes Bank as it has reached the limit allowed for overseas shareholding.RBI said foreign shareholding limit in Yes Bank
New Delhi: Foreign investment inflows are estimated to more than double and cross the $60-billion level this fiscal as overseas investors repose confidence in the Narendra Modi-led government that is expected to unleash reforms to
New Delhi: Relaxing FDI norms, the Reserve Bank of India today gave foreign investors an option to exit their investments by selling their holdings of equity or debt.“It is expected that this relaxation will facilitate
New Delhi: Foreign investors have poured in over Rs 4,000 crore in the equity market so far this month amid renewed optimism about the Indian economy, and delaying of US Fed's tapering of its monetary
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