Under the new rules, offshore areas will be made available for mineral exploration and production only after being notified in the Official Gazette by the administering authority
Dhaval Buch's association with PE major Blackstone not on real estate side, clarifies couple
The Sebi chief has 'strongly' denied Hindenburg's fresh allegations terming it 'baseless insinuations' which is 'devoid of any truth'
SBI's board has approved a plan to raise long-term funds up to $3 billion in single or multiple tranches in FY25
India to have 48 registered crypto entities after KuCoin, Binance register
In making the exemption, SEBI said the stock exchanges will have to identify the companies with no large shareholder or promoter
"There is no immediate deadline or cliff for offshore funds to liquidate any holdings," said the first of the two sources
This communication was sent by stock exchanges on behalf of the regulator - the Securities and Exchange Board of India (SEBI) - to companies earlier this week and has not been previously reported
Citing review of files from multiple tax havens, internal Adani Group emails, OCCRP said investigation found at least 2 cases where investors bought and sold Adani stock via offshore structures
The ports-to-power conglomerate had denied wrongdoing in January
The funds will have 10 days to lower their investment to below 50% to avoid the enhanced disclosures
Ashoka WhiteOak India Opportunities A USD Acc was the top-performing fund among the top 10 largest India-focused offshore funds and ETFs.
India-focused offshore funds and exchange-traded funds (ETFs) witnessed a 9 per cent quarter-on-quarter decline in inflows to USD 803 million in the January-March period, mainly due to an uncertain global economic environment, according to a Morningstar report. However, this was the third consecutive quarter of inflow. Before that, such funds saw 17 quarters of net outflows in a row. India-focused offshore funds and ETFs are some of the prominent investment vehicles through which foreign investors invest in the Indian equity market. Going by the report, the category received a net inflow of USD 803 million during the January-March quarter of 2023, which was slightly lower than the net inflow of USD 884 million during the quarter ended December 2022. Flows into offshore funds are generally considered to be long-term in nature, whereas flows into offshore ETFs indicate predominantly short-term investments. Going ahead, investors would also look for cues from the scenario that unfold
This, after 17 quarters of net outflows on the trot; experts attribute change in FPI stance to better valuations in Indian market, strong fundamentals
Union minister Hardeep Singh Puri on Monday launched the Offshore Bid Round offering and assured transparency, efficiency and ease of doing business to investors. In a keynote address to industry leaders in Houston, the Union Petroleum and Natural Gas Minister described the initiatives taken by his Ministry in accelerating the exploration and production activities in India. Puri also gave his views on the importance of Coal Bed Methane in increasing India's domestic production and reducing the country's import burden. He launched the Special CBM (popularly known as Coal Seam Gas) Bid Round - 2022 for International Competitive Bidding on Monday at Houston. Simultaneously, Puri launched the Offshore Bid Round offering 26 blocks -- 18 carved out by DGH and eight as a result of expression of interests (EoI) from potential investors -- covering an area of approximately 2.3 lakh Sq. Km. Out of 26 blocks, three blocks based on EoIs are onshore covering an area of only 3,666 sq km, a medi
Tata Sons will raise $500 million in offshore borrowings, backed by Bank of America, SMBC of Japan and Standard Chartered Bank
These funds account for almost 50 per cent of the India-focused offshore fund and ETFs category's assets, according to the quarterly Morningstar Offshore Fund Spy report
This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021
India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of USD 95 million in three months ended September 2021, making it the 14th consecutive quarter of withdrawal
The release of Pandora Papers containing names of the close associates of Imran Khan has ruffled Pakistani politics and sparked calls for the resignation of the Pakistani Prime Minister