MNC banks ask FPI managers not to sell NRI clients’ investments

FPIs have to bring down the aggregate contribution of NRIs and OCIs (along with resident Indians) in a fund to below 50% by December 31, 2020. Also, contribution by an NRI/OCI cannot exceed 25%. Funds which fail to do this will have to wind up in six months.

from Economic Times https://ift.tt/2L3r0ja

Comments

Jagan moves closer to Centre, accompanies PM to Tirumala

In signs of growing bonhomie between Prime Minister Narendra Modi and Andhra chief minister YS Jaganmohan Reddy, the latter on Sunday accompanied the PM during his thanksgiving visit to Tirumala after winning a massive mandate in the Lok Sabha elections. Modi reciprocated by promising Jagan all support from the Centre. from India News | Latest News Headlines & Live Updates from India - Times of India http://bit.ly/2Kdd58X

BJP and SP talking about religion for votes: Mayawati

"The opposition parties, including the BJP, Samajwadi Party and others, are busy painting a Hindu-Muslim colour to the elections to hide their shortcomings. The BSP people will have to go to every village and every house to warn the people. This task must begin now," Mayawati said from Economic Times https://ift.tt/3Er0ab0

India’s agriculture technology can grow to $24.1 billion in 5 years: Report

A big chunk of the gains will likely be made by companies addressing supply chain and financial services solutions, driven by the availability of affordable high-speed internet and maturing of India’s digital content ecosystem, an EY report on India’s agri-tech potential said. from Economic Times https://ift.tt/2ZfE9tM

Delhi to India

Search This Blog