BLOG

The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb “opportunistic takeovers” of domestic firms following the COVID-19 pandemic, a move which will restrict FDI from China. Countries which shares land borders with India are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan. “An entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only…

Read More

Banking and financial stocks were in high demand on Friday, advancing up to 21 per cent after the Reserve Bank announced a host of liquidity-boosting measures to support the economy amid the coronavirus crisis.   Axis Bank zoomed 13.45 per cent, ICICI Bank rose by 9.89 per cent, IndusInd Bank 9.13 per cent, Federal Bank 9 per cent, City Union Bank 5.39 per cent and Kotak Mahindra Bank 4.96 per cent on the BSE. Axis Bank was the top gainer in the Sensex pack. Also, HDFC Bank jumped 3.33 per…

Read More

Equity benchmark Sensex dropped over 300 points in opening trade on Thursday tracking losses in global markets as investors fretted over rising number of Covid-19 cases and its impact on the world economy.   After hitting a low of 30,016.17, the 30-share index was trading 336.77 points or 1.11 per cent lower at 30,043.04. Similarly, the NSE Nifty was quoting 81.10 points, or 0.91 per cent, down at 8,844.20. Infosys was the top laggard in the Sensex pack, shedding up to 4 per cent, followed by Kotak Bank, Hero MotoCorp,…

Read More