LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  Investments through P-notes decline to 9-year low of Rs 1 lakh crore in April

Investments through P-notes decline to 9-year low of Rs 1 lakh crore in April (17-May-2018)

The share of foreign portfolio investments (FPI) through participatory notes (P-notes) in domestic capital markets has declined to nine-year low of Rs 1 lakh crore at the end of April, due to tough rules put in place by Securities and Exchange Board of India (SEBI) to check the misuse of these instruments. This is the lowest level since June 2009 when the cumulative value of such investments stood at Rs 97,885 crore. According to SEBI data, total value of P-note investments in Indian markets including equity, debt and derivatives, at April end slipped to Rs 100,245 crore from Rs 106,403 crore at the end of March and Rs 106,760 crore in February.

Of the total, P-note holdings in equities at April-end were at Rs 72,321 crore, while in debts and derivatives were at Rs 27,274 crore and Rs 3,748 crore respectively. The quantum of foreign portfolio investors' (FPIs) investments via P-notes dropped to 3 percent during the period under review from 3.4 percent in the preceding month. P-notes are issued by registered FPIs to overseas investors who wish to be part of the Indian stock markets without registering themselves directly. They, however, need to go through a proper due diligence process.

SEBI had notified stricter norms stipulating a fee of $1,000 on each instrument to check any misuse for channelising black money. It also prohibited FPIs from issuing such notes where the underlying asset is a derivative, except those which are used for hedging purposes. These measures were an outcome of a slew of other steps taken by the regulator in the recent past. In April 2017, SEBI had barred resident Indians, NRIs and entities owned by them from making investment through P- notes.



Top News Today
Amara Raja Batteries reports 11% rise in Q4 net profit
(19-May-2018)

Amara Raja Batteries reports 11% rise in Q4 net profitAmara Raja Batteries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a rise of 10.70% in its net profit at Rs 109.80 crore for the quarter ended March......click on news to read complete article.

Inditrade Capital gets nod to acquire additional stake in JRG Fincorp
(19-May-2018)

Inditrade Capital gets nod to acquire additional stake in JRG FincorpInditrade Capital has received approval for acquisition of additional equity shares in its material subsidiary -- JRG Fincorp, of up to 10% of paid up capital, for an amount not exceeding Rs 24 crore within......click on news to read complete article.

Union Bank of India gets nod to raise funds up to Rs 7400 crore
(19-May-2018)

Union Bank of India gets nod to raise funds up to Rs 7400 croreUnion Bank of India has received approval from its board to raise capital not exceeding Rs 7400 crore by way of core equity capital or through bonds in 2018-19 (FY19). The meeting of the Board of Directors......click on news to read complete article.

International Stock News
US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.