Kotak Mahindra Bank is raising a total of $300 million through three separate offshore funds - an infrastructure fund, a Shari'ah fund for Muslim investors and a multi-cap fund for European investors - to tap the growing appetite of global investors.
The Kerala-born businessman is the latest in a slew of foreign buyers who have shaken off mounting fears of a 'Brexit' from the European Union
Noting that India continued to be the second fastest growing economy in the world after China, Finance Minister P Chidambaram on Saturday said people should not be worried about the current slow down and expressed hope of achieving six per cent growth this fiscal.
India's GDP for the three-month period ended September 30 grew 7.4%.
On the BSE, 1,650 shares declined and 1,188 shares rose
Nikesh Arora has an engineering degree in electronics and worked for a brief period at Wipro, selling computers.
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
The majority of global equity trading and a significant proportion of trading in bonds, currencies, commodities and derivatives, is done on electronic platforms
The prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. The Forbes 2019 list of 'The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
Arora started off his career at Wipro.
Sensex slumped 518 points to end the day at 25,582 and the Nifty slipped 164 points to close at 7,623.
Global liquidity expected to continue amid ECB stimulus
'India needs to adopt a more proactive policy of triggering exports to China.'
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Modi urged the Swiss business leaders to explore the investment opportunities in India.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Pegged at $1.8 billion in construction deal size, The London Resort, which is located 17 minutes outside London, has attracted bids from three other construction majors from across the world.
Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman
The Sensex ended below 28,000 for the second straight day at 27,869.
Globally, jewellery buying fell 14%, investment slid 11%.
As global markets near all-time highs driven by liquidity, Marc Faber suggests most asset prices worldwide are inflated.
'Has the time come to devise Version 2 of ad hoc T-bills?' 'In return, the government must agree to privatise all but five or six banks.' 'If something like this is not done, we will have governments going on the rampage, with increasing frequency,' says T C A Srinivasa Raghavan.
Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan.
Sensex remained volatile through the day.
Heavy dollar selling by banks and exporters alongside debt-related inflows largely supported the rupee
If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.
Amid slowing growth and low interest rates, investors will need to focus on stock-picking, suggests John Remmert.
'Misplaced national priorities have brought the economy to a cul-de-sac,' says Ambassador M K Bhadrakumar.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.
Reflecting the bearish mood, all sectoral indices, led by metal, teck and healthcare, ended in the negative zone.
Mexican Formula One driver Sergio Perez described his Force India team's financial situation as 'critical' on Thursday, and recognised that his own future remained uncertain.
The rally in index heavyweight ITC has boosted the sentiment across the board.
'The market movement will be largely driven by earnings growth.'
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Gold is seen as a preferred asset for all types of investors, even central banks.
Srikanth Kondapalli on what to expect from the seventh BRICS summit meeting to be held in Russia in July.
Significant investors in government bonds FIIs have been net sellers since May 22.
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