Page 2 - Foreign Investment

S Korean tech giant Kakao's founder arrested for stock price manipulation

South Korean prosecutors said Tuesday they have arrested the founder of technology giant Kakao Corp. for alleged stock price rigging during his company's takeover of a major K-pop agency last year. Kim's arrest came after the Seoul Southern District Court approved an arrest warrant, citing concerns that he could flee or destroy evidence. Prosecutors have up to 20 days to investigate Kim and determine whether to indict him, according to a senior prosecutor at a Seoul district prosecutors' office. He requested anonymity because an investigation was under way. Kim faces allegations that he orchestrated and approved schemes to collaborate with the operator of a private equity fund to manipulate the stock price of K-pop agency SM Entertainment to prevent Hybe Corp., the parent company of another K-pop powerhouse behind global sensation BTS, from buying SM Entertainment, according to the prosecutor. Kim, 58, denied the allegations, according to the Seoul prosecutors' office. He was not .

Foreign inflows in FAR securities almost double in 9 months: CCIL data

Market participants said that the inflows are expected to continue and might touch Rs 2.5 trillion in the next 5 to 6 months

Congress slams govt over 'private investment plans slumping to 20-year low'

Expressing concern over new private investment plans reportedly slumping to a 20-year low in the first quarter of this fiscal, the Congress on Monday alleged India has suffered due to "random policy changes" and an atmosphere of "fear and intimidation". Congress general secretary, in-charge communications, Jairam Ramesh, in a statement alleged that everyday in the "Modi-Made Anyay Kaal" is a new record of economic failure. "We have already seen a 45-year high unemployment rate, a 50-year low household savings rate, and the first-ever decrease in real rural consumption. Now, we have another disturbing fact to reckon with. The Hindu reports that in the April-June quarter of this 2023/24 fiscal year, fresh investments announced by corporates is just Rs. 44,000 crore. This is a 20-year low," Ramesh said in a post on X. "Compare the decade of Manmohan Singh as Prime Minister with that of the non-biological PM. Investment as percentage of GDP (average over time) was 33.4% during the UPA a

Investments in Indian real estate rise to record $4.8 bn in H1 2024: Report

Investment volumes in the first six months reach 81% of made in 2023, says JLL

Reforms not a bad word, states must not shy away, says PM Modi in RS

Leader of the Opposition in the Rajya Sabha, Mallikarjun Kharge, wanted to intervene but was not allowed, leading to the opposition MPs staging a walkout

FPIs take out Rs 14,800 cr from domestic stocks after election results

Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this month, influenced by India's Lok Sabha election results and attractive valuations of Chinese stocks. The outflow came following a net outflow of Rs 25,586 crore in May on poll jitters and more than Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January, data with the depositories showed. From a medium to long-term perspective, the direction of interest rates will remain a key driver for foreign investment flows into the Indian equity markets. According to the data, Foreign Portfolio Investors (FPIs) made a net withdrawal of Rs 14,794 crore this month (till June 7). The general election results in India significantly influenced foreign investor flows in Indian equity marke

M&M, Berger Paints, Mankind Pharma among six stocks to monitor on May 16

At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges

Bharti Airtel, Cipla, Paytm, Colgate among seven stocks to track on May 15

At 6:55 AM, GIFT Nifty futures was trading 73 points higher at 22,382.50 levels compared to Nifty50 futures, indicating a positive start for the bourses

AIFs' large offshore investor base likely to face more restrictions

Regulators suggest change in FEMA rules to treat such funds as indirect foreign investment

Rupee gains for third straight trading session on foreign inflows

The rupee settled at Rs 82.76 per dollar, marking the highest since September 4, 2023, against the previous close of Rs 82.79

RBI buying dollars via state-run banks amid persistent foreign inflows

The Reserve Bank of India (RBI) purchased dollars at levels between 82.65 and 82.68 amid persistent foreign inflows, the traders said

Banks await RBI approval for appointing second whole-time director

Few need time as no regulatory approval yet for new CEO

India bringing back ancient idols, getting foreign investment also: PM Modi

The circle of time has moved, Prime Minister Narendra Modi said on Monday, noting that the country is not only bringing back its ancient idols from abroad but also getting record foreign investment. Addressing a gathering after laying the foundation stone of the Shri Kalki Dham temple here in Uttar Pradesh, he said on one hand places of pilgrimage are being developed and, on the other, cities are getting hi-tech infrastructure. The programme was attended by seers and religious leaders from across the country. "Our ancient idols are being brought back from abroad and we are getting record foreign investment, the circle of time has moved," the prime minister said and highlighted that "Chhatrapati Shivaji Maharaj had encouraged us to take pride in our identity". Modi, who was accompanied by Uttar Pradesh Chief Minister Yogi Adityanath and Kalki Dham Peethadheeshwar Acharya Pramod Krishnam, also unveiled a model of the temple. The Shri Kalki Dham is being constructed by the Shri Kalki

Foreign investors back India bonds over pricey stocks in tactical bet

For bulls who powered the massive rally, the tactical trade at the moment is to move into the bonds, whose appeal has been further burnished by the nation's improving finances

Mutual funds knock RBI door for hike in foreign investment limits

According to MF officials, opening the MF route for international investment should not make much difference to the rupee's stability, given that other routes for foreign remittance remain open

MoUs worth Rs over 3.5 lakh crore signed at Davos: Maharashtra CM

He said that there is infrastructure, connectivity and skilled manpower in Maharashtra

India's foreign exchange reserves cross $600 billion after four months

'We remain confident of meeting our external financing requirements comfortably," Das said

NASDAQ can play key role in attracting global investors to India: Official

NASDAQ can play a key role in bringing much-needed investment into India from global investors, according to a top official of the American stock exchange. India has right now "over 200 very large startup companies that could go public in future" and that's unheard of anywhere else in the world, NASDAQ executive vice chairman Edward Knight told PTI in an interview on Tuesday. NASDAQ (National Association of Securities Dealers Automated Quotations) is a stock exchange that lists some of the world's largest technology companies, such as Apple, Microsoft, and Amazon. It is one of the world's oldest and second-largest stock exchanges by market capitalisation, after the New York Stock Exchange (NYSE). Knight noted that India has "a very strong legal system...very strong universities" and "all the ingredients that have produced and could continue to produce great early-stage companies, innovation and technological innovation". "But," he said, "you need capital and the capital needs of In

TMS Ep510: Gati Shakti, foreign investment, SpiceJet's stock, Aditya L-1

How has Gati Shakti changed India's infra push? Is declining foreign investment a cause for worry? Will SpiceJet's stock rally make an emergency landing? What is Aditya L-1 mission? All answers here

China looks to attract foreign investment as its economy struggles

The 24-point plan from the State Council - China's cabinet - also promises to relax regulations on transferring data overseas, among other measures