Market regulator Securities and Exchange Board of India has said one FPI can hold a maximum of 10 per cent of a company's equity shares, while existing overseas investor classes such as foreign institutional investors, sub-accounts and qualified foreign investors need to convert to the new FPI regime eventually.
Based on the holding period, the profit you make is liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.
Sebi is looking at further tightening the norms for P-Notes to address concerns raised by the Special Investigation Team on black money.
What was recovered from Bhajiawala family: Rs 1.45 crore cash, of which about Rs 1.05 crore was in new currency notes, bullion worth Rs 1.49 crore, gold jewellery valued at Rs 4.92 crore, other ornaments worth Rs 1.39 crore and silver ingots priced at Rs 1.28 crore.
Department of Financial Services is regularly emphasising the early issuance of RuPay Debit Cards, e-KYC based account opening, Aadhaar seeding, financial literacy and the progress in survey made.
The Reserve Bank of India (RBI) said directions have been issued in the wake of a rise in the number of cheque-related fraud cases.
BSE proposes two models for making gold trading and investment transparent
Till June-end alone, insurance regulator is expected to bring about more than half a dozen reforms that will have a significant impact on the customer.
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
The use of Aadhaar on Skype Lite and LinkedIn will allow Microsoft to bring on board millions in small towns and rural areas lacking e-mail IDs.
As advertising reaches a cacophonous pitch, as it does every year around this time, brands say they are finding newer and more effective ways to reach their audiences.
Private banks and start-ups offer instant loans on apps as well as through ATMs.
SC raised questions over the government's decision ordering mandatory seeding of mobile numbers with Aadhaar.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
What surprises will the finance ministry and the RBI spring on us next? Put on your thinking caps and predict the next boomerang coming our way!
'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.
'A key trend that one should expect to see is tonnes of failures.' 'Several blockchain-focused companies will fail.'
The panel also suggested that Know Your Client rules should be based on the risk profile of investors.
UTI Mutual Fund has launched UTI-FAMILY (that allows investors to buy mutual fund units in their name, but the returns go straight to a parent's bank account.
Sharad Sharma, co-founder and governing council member at iSPIRT, on Tuesday admitted using anonymous accounts to troll on social media those who raised questions on Aadhaar and its applications by the government.
Day Two after the banks reopened following the prime minister's demonitisation announcement, the scenario remained just as chaotic as Day One, reports A Ganesh Nadar/Rediff.com.
In barter, you have the choice of picking up a product that's available with the barter company in exchange for the stuff you want to discard.
The IMG meeting will be convened shortly.
The liquidator said the properties are being sold under two distinct phases over a period of two days
The Street is never short of hope and events to look forward to
Lending on peer-to-peer platforms is fraught with higher risks but investors can earn as much as 12% to 36%.
Kishore Singh's encounters with post 8/11 India.
A key demand is to reduce the dividend distribution tax on listed firms.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
The new system would be especially beneficial for Qualified Foreign Investors.
'The number of STRs received in 2016-17 is 4,73,006 which is more than four times as compared to 2015-16 and this increase is attributed to demonetisaton exercise...,' the Financial Intelligence Unit's report has said.
EPFO has recently issued Universal PF Account Numbers for 4.17 crore contributing members.
UIDAI has asked police to investigate, it was not fully convinced about nature of the incident
MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
E-commerce companies have understood the importance of having their own in-house wallet, explaining their acquisition spree, says Manoranjan Mohapatra.
Besides, non-promoters with more than 10 per cent stake in the company would also be allowed to tap the OFS route.
Short-term loans from NBFCs can be more convenient but come at higher cost
