In a circular, Sebi said QFI would now mean a resident in a country that is a member of the Financial Action Task Force or a member of a group which is a member of FATF.
The government allowed qualified foreign investors (QFIs) from six member-countries of the Gulf Cooperation Council (GCC) and 27 countries of the European Commission (EC) to invest in the Indian capital market to enhance foreign capital inflows.
A dossier will be given to the FATF, an international terror financing watchdog.
Responding to what is widely felt by the political establishment in Europe to be the "destabilising" role played by credit ratings agencies in the ongoing euro zone crisis, the European Commission unveiled measures to curb their power.
The 28-member European Union has temporarily banned the import of Alphonso mangoes, the king of fruits, and four vegetables from India from May 1, sparking protests from the Indian community, lawmakers and traders.
The European Parliament has urged India and Pakistan to resume dialogue in pursuit of a peaceful solution in Kashmir, while urging for 'normalcy' in the region.
Justice Mukul Mudgal was on Thursday elected as head of FIFA's governance committee at the world football governing body's 67th Congress in Bahrain's capital city of Manama.
In 2009, Ranbaxy had to recall about 4,000 cartons of Sotret Isotretinoin through its US-based subsidiary.
Spiritual guru Sri Sri Ravi Shankar became the first Indian to receive the Crans Montana Forum Award.
Massive default, together with a very large sustained cut in the annual budget deficit, is, in fact, needed to restore Greek's fiscal sustainability.
Portugal will have to pay an interest rate of 5.7 per cent on the loan from the EU and the IMF.
Dawood Ibrahim is wanted in India to face the law of the land for carrying out serial blasts in Mumbai in 1993 in which scores of people were killed and injured.
John Clancy, spokesperson for the European Commission's trade directorate, told Business Standard this week's talks would focus on 'tariffs and services'.
The United States, the United Kingdom, the European Union and NATO have expressed concern on the new law and warned of retaliatory measures.
In the clearest indication from the European Commission yet that a resolution to the ongoing dispute between New Delhi and Brussels regarding generic drug seizures had been reached, a senior EC official told reporters on Wednesday that the EU was "open to changing" the offending regulation.
The EU is still an India in the making.
Even as Europe continues to struggle with the large influx of migrants, European Commission President Jean-Claude Juncker proposed a quota system that each country should adhere to for asylum seekers. ' Rediff.com presents the latest updates in the crisis.
FAA had downgraded India's safety ranking from category-II from -I after an audit revealed deficiencies in regulatory oversight.
In a statement on Tuesday, the European Commission said it had requested 'information from certain pharma companies asking them to submit copies of their patent settlement pacts.'
Europe's economy is recovering at a faster pace and growth is projected to be nearly double than previously projected in 2010, according to the European Commission.
Social networking site, Facebook, has faced sharp criticism from the European data protection officials for putting users privacy at risk due to the changes it brought to its service, a media report said.
The European Commission has unveiled plans for a radical reform of the European Union's economic governance to tackle the underlying causes of the current debt crisis in the euro area.
The European Commission on Thursday announced a set of proposals aimed at increasing the economic and fiscal coordination of European Union member states.
According to a source on the Indian side, New Delhi and Brussels have agreed to eliminate tariffs on 90 percent of all tradable goods. But, India wants the EU to up their offer to include 95 percent of goods, while the EU wants India to offer a slash in tariffs on 98 percent of goods.
A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors 'preferably not later than three months'. It will be interesting to see the view of the London high court, if the settlement of his dues to Indian creditors is imminent, reports Ashis Ray.
'Football Leaks' documents, showing the two clubs had inflated sponsorship revenues to meet the requirements, were obtained by the German publication Der Spiegel.
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
The European Commission has approved a relief package that its member states can announce in support of the airline industry.
Two top global aviation bodies, ICAO and IATA, appealed to governments, including that of India and China -- both growing aviation hubs -- to follow suit and allow open market access to their airlines, soon after the signing ceremony of the pact yesterday in Montebello, Canada.
About 73 per cent of the fake medicines seized at the European borders last year was routed through the UAE, a newspaper report has said.
In mid-May, the European Commission released 2009 data showing carbon emission in the region had fallen 11 per cent over last year, to 1.873 billion tonnes.
'Is the tech wonder of our times headed for trouble?' asks Ajit Balakrishnan.
India's stand at the FATF plenary and other related discussions have always been consistent regarding Pakistan.
With an ambitious target to more than double their bilateral trade to $200 billion in the next four years, India and EU hoped on Friday they can resolve differences and reach a free trade agreement within a year.
According to the commission, businesses urgently need to upgrade to Internet protocol version six or IPv6, a new version of the Internet's addressing protocol, which will hugely increase the number of available addresses.
Some new EU cars, including Mercedes, BMW and Peugeot vehicles, were using around 50 percent more fuel than manufacturers claimed.
Under the slogan "Fakes cost more", the European Union is to throw its weight behind a global campaign against counterfeiting. A rare Ferrari and kung-fu-kicking monks will help launch the drive in Brussels on Monday. Jose Manuel Barroso, the European Commission president, is to open a counterfeiting summit attended by businesses, charities and campaign groups
The steelmaker's India basket grew after Tata Steel completed its acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code process and its subsidiary, Tata Sponge, acquired Usha Martin.
While an estimated 3.3 lakh tonnes of e-waste is generated in India, about 50,000 tonnes is imported or dumped in the country. Only 40 per cent of India's total e-waste is recycled, and the rest is left in storehouses due to an inefficient collection system.
This comes at a time the domestic industry is gearing up to enter the nuclear arena. On Monday, the Associated Chambers of Commerce and Industries set up a lobby group comprising 40 Indian companies, including Jindal Power and Tata Power, to promote private participation in nuclear power generation.
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