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More companies increase FII limits
On Tuesday, Anil Chanana, chief financial officer of HCL Technologies, started the December quarter results announcement with what he called a ‘new year gift’. The board decided to extend the maximum shareholding allowed to be held by foreign institutional investors (FII) to 49 per cent, he said. HCL is the latest entrant in the long list of companies opening their doors wide for foreign

Foreign investment flows touch $9.7 bn in Apr-May

The combined flow of foreign direct and portfolio investments into the country for April-May rose to $ 9.74 billion, from $ 7.8 billion in the period a year ago, according to Reserve Bank of India

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Subir Roy: Let the rupee ride

India seems to be the odd man out. At a time when global powers are lined up against each other over exchange rate management and the threat of competitive devaluation looms over everyone, India

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Sensex up for 7th quarter; best month since May '09

Surging foreign portfolio investment lifted the indices higher for the seventh quarter in a row, its longest winning run in at least 20 years. But mounting concerns the rally was overdone took some

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Banks breathe easy as bond yields may stay range-bound
The first quarter of the current financial year has started on a promising note for banks.

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Forex reserves down $1.13 bn
The country’s foreign exchange reserves fell $1.13 billion in the week up to September 11 to $284.4 billion on the back of portfolio investments and revaluation of currencies. Most Read

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