RBI, Enforcement Directorate to see if money was sent to tax haven
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
Market players say the government is likely to attempt, at least, one big-ticket sale this month.
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
In 2012, Diageo had paid Rs 3,635 cr directly to Mallya for his 19.3% stake in United Spirits.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
A record date is the cut-off date on which an investor has to own shares to become eligible for receiving dividends.
This amendment is proposed to be made retrospectively effective from FY16 onwards.
The change in the latest Budget will impact the sale and rent of SEZ units of companies like Adani Port, which has large SEZs in Mundra.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books
Experts said concerns over the Union Budget, too, had weighed on the market performance.
Percy Mistry says things at market regulator Sebi are also in bad shape.
Congestion on Mumbai roads has become chronic.
Unfavourable secondary market conditions aren't a big concern for IPOs by good quality companies.
The markets had been on an upward trajectory since August 2013.
Most markets have seen significant erosion in investors' wealth this year
However, the IT firms will get some benefits, as software exports from their Chinese campuses will yield more in local currency
Yuan depreciation will make imports in China more expensive, depressing demand, especially for commodities.
Experts said fall in China markets often triggers a risk-off trade among investors, as it is the world's second-biggest economy and global growth engine.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances