All stories by Ashley Coutinho
3 factors likely to weigh on FPI mood in near termRediff.com7 days ago
The deluge of offerings in the primary market, a muted results season and increasing talks of a Fed taper may quicken the pace of overseas investors selling Indian equities in the near term. The next few weeks may see a dozen companies tap the market for initial public offerings and raise about Rs 30,000 crore. These include the likes of Zomato, Glenmark Life Sciences, Utkarsh Small Finance Bank and Seven Islands Shipping.
2 Biggest Risks for the Equity MarketsRediff.com14 Jul 2021
'Q1 is going to bear the brunt of the second wave, exposing full-year GDP forecasts to downward revisions, unless phase-3 of vaccination is executed quickly.'
74% companies plan to divest non-core assets in 24 monthsRediff.com7 Jul 2021
The continuing effects of the Covid-19 pandemic are providing an impetus to companies to focus on divesting non-core assets, with 74 per cent of the surveyed companies planning to divest in the next 24-months, says the EY India Corporate Divestment Study 2021. The survey highlights that one of the biggest challenges faced by CEOs today is identifying the right time to divest assets as 70 per cent of surveyed companies said that they held on to assets for too long. Companies acknowledge the importance of divestments as it allows them to focus on long term value opportunities in the core business.
'Quality mid-cap small-caps should continue to do well'Rediff.com30 Jun 2021
'As valuations of large-caps appeared to be out of whack, investors started lapping up quality mid-caps and small-caps, which were available at relatively comfortable valuations.'
'Once this wave peaks out, we expect India's growth story to come back'Rediff.com14 Jun 2021
'While the country has been hit hard from a strong second wave of Covid, we believe the markets are willing to look through that.'
Foreign investors get more time to furnish KYC detailsRediff.com3 Jun 2021
The Securities and Exchange Board of India (Sebi) has deferred the diktat requiring foreign investors to disclose their mobile number, email addresses and income details to depositories, a move believed to be aimed at curbing practices such as round tripping and money laundering. "Based on the representations received from MIIs (market infrastructure institutions), Sebi has decided to extend the deadline for making 6-KYC attributes mandatory for new accounts opened by 1 month to July 1, 2021. "Participants are accordingly requested to take note of the above and ensure compliance," NSDL said in a note on Tuesday. The regulator is also meeting custodians this week to thrash out a solution and address investors' concerns.
'Mid and small-caps are likely to outperform in FY22'Rediff.com1 Jun 2021
'It is critical that the Covid curve does not have a fat tail and the chain is broken quickly.'
Investment bankers set to take home hefty bonuses on record fundraisingRediff.com7 May 2021
Industry players estimate the average payouts to be in the range of 50-75 per cent of the bankers' annual salaries. For the top performers, the bonuses could be 100-125 per cent.
Sebi directive may put the brakes on MF dividends in FY22Rediff.com3 May 2021
Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors.
Cloud on banking stocks on NPA concerns amid second wave of pandemicRediff.com30 Apr 2021
The Nifty Bank index has come off 15 per cent from its peak in February, underperforming the benchmark Nifty which is down 6%.
Sebi wants MFs to show true yield of portfolioRediff.com29 Apr 2021
Debt funds typically held 0-5 per cent of their portfolio in cash and cash equivalents before this Sebi diktat.
COVID-19 puts brakes on IPOs of SMEsRediff.com22 Apr 2021
The SME segment has been grappling with lack of liquidity and lacklustre institutional participation.
'CY21 will be defining year for start-up listings'Rediff.com21 Apr 2021
'Start-ups that generate a majority of their income in India are likely to opt for an Indian listing.'
Dividend rule: MFs vs SEBIRediff.com1 Apr 2021
Experts believe the new norms may be an indirect way for Sebi to apply the brakes on dividend option plans in MFs.
MFs net sellers of Indian equities first time in 7 yearsRediff.com24 Mar 2021
Mutual funds (MFs) are set to be net sellers of Indian equities for the first time in the past seven financial years, having sold stocks worth about Rs 1.27 trillion so far in 2020-21 (FY21), making it the highest net sales on record in a financial year. MFs had been net buyers in the previous six financial years, including purchases of over Rs 1.41 trillion in FY18, Rs 88,152 crore in FY19, and Rs 91,814 crore in FY20. The last time they offloaded Indian equities was in FY14, when they net sold stocks worth Rs 21,159 crore. In contrast, foreign portfolio investors (FPIs) have ramped up buying in FY21, purchasing more than Rs 2.6 trillion worth of shares.
Flurry of IPOs: Sebi warns against threat of technical glitchesRediff.com16 Mar 2021
Sebi has asked intermediaries to stagger the offerings as much as possible, said people in the know and ensure adequate capacity building.
Equities outperform bonds in the ultra-long run, says studyRediff.com16 Mar 2021
Ultra-long term equity investments have been a lot more rewarding than debt, a study published by Credit Suisse Research Institute in collaboration with London Business School shows. "Over the last 121 years, global equities have provided an annualised real return (in dollar terms) of 5.3 per cent versus 2.1 per cent for bonds," shows the study, which has looked at returns for 23 countries since 1900. In the Indian context, equity returns are even more favourable. Since 1953, equities have generated annualised returns of 6.5 per cent and government bonds only 0.4 per cent.
Covid impact: Sebi may give overseas roadshow a miss, againRediff.com11 Mar 2021
The regulator typically meets overseas investors in the US and UK in the first half of a financial year, and had opted for a virtual meet last year too.
Budget sops may lure Mauritius funds to Gift CityRediff.com17 Feb 2021
As per the Budget proposals, migration of a fund to a fund in IFSC will not be regarded as transfer if done on or before March 31, 2023. Transfer of units will be tax neutral. Grandfathered investments of the fund to continue to enjoy capital gains exemption on future sale by the IFSC fund. There is no impact on carry forward of losses for the investee company.
FPIs may have to wait for dividend tax reliefRediff.com10 Feb 2021
Companies wanting to consider treaty benefits and deducting tax at a lower rate will have to examine the qualitative factors. They will have to consider whether FPIs are liable to tax and whether they are the beneficial owner of dividend income.