From March 3, investors in India will be able to trade in select US stocks through the NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange (NSE). Investors can invest in NSE IFSC receipts on US stocks, which will be in the form of unsponsored depository receipts (DRs). For a start, this will include DRs of 50 US stocks such as Apple, Alphabet, Amazon, Tesla, Microsoft, Morgan Stanley, Nike, P&G, Coca-Cola, and Exxon Mobil. Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalised Remittance Scheme (LRS) limits prescribed by the Reserve Bank of India (RBI), which currently stand at $250,000 per year.
The under-leveraged nature of corporates will help reduce the impact.
Dried up liquidity, interest rate hikes and the resultant slump in consumption may slow down economic growth in the near term, according to the JM Morgan Stanley report for November 2005.
Any speculation suggesting otherwise, or any rumours around sale of our business in India are incorrect and simply that -- rumours, says head of the US-based asset manager.
The eight-member team has been selected from 63 teams in the US to represent the country. One J8 team from each of the eight countries was chosen through an international process developed by Morgan Stanley and UNICEF.
Unacademy may see a funding dry spell for at least next 12-18 months and even last till 24 months and will cut costs to weather the lean period, said the chief executive of the education technology unicorn that recently laid off more than 600 employees. "This is a test for all of us. We must learn to work under constraints and focus on profitability at all costs. We must survive the winter," said Unacademy's co-founder and CEO Gaurav Munjal in a letter to the employees. "Winter is here. We are looking at a time when the funding will dry up for at least 12-18 months.
The acquisitions were made in areas which are closely related to Reliance's key businesses - telecom, internet, retail, digital, media, education, digital, chemicals and energy.
J M Morgan Stanley and UBS Securities have suggested that Reliance Communication Ventures has surpassed Bharti Airtel in terms of average usage but had lower revenue per subscriber.
Materials and utilities were the worst-performing sectors in March.
but it had a mixed view on the new tax proposals burdening the capital market.
Street believes premium valuations justified, as port traffic is expected to grow at a CAGR of 16% over FY14-16.
The short-term target for Sensex is at 13,900, and for Nifty is at 4,000.
Notwithstanding the protectionism and other hindrances, the current mood of optimism about the Indian business process outsourcing sector's growth prospects seems justified, according to the London-based magazine The Economist.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Fidelity's head of investment strategy defends his lengthy portfolio and explains his approach.
Ruchir Sharma on the market potential over the next 12 months
The markets are in bubble territory.
Nimesh Kampani of JM Morgan Stanley believes that a good quality IPO would always get a response from investors.
India's flag carrier Air-India has shortlisted three companies to act as advisors for its initial public offer to finance the fleet acquisition and is awaiting the government's nod for the IPO, a spokesman of the airline said on Thursday.
Technology stocks are likely to lead the decline in this market.
Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.
Historically, Indian stocks trade at earnings multiple of 17-18 times. At current prices, the earnings multiple for the Sensex is 26 times.
'FDI is not a big issue because Indians are in now a position to raise big money.'
'I think we will win the game if our GDP grows at 7.5 to 8 per cent,'\nsays stockmarket legend Nimesh Kampani.
