LIVE MARKET TRACKER :   BSE SENSEX   32646.81      |    NSE NIFTY 10240.95    
GLOBAL MARKETS :  NASDAQ 6624.0044   +0.2756%    |    FSI London 7526.97   -0.11%    |    NIKKEI Japan 21331.95   +0.36%
  USD GBP EUR CAD AUD INR
USD - 0.7545 0.8498 1.2535 1.2746 64.9350
GBP 1.3254 - 1.1262 1.6612 1.6893 86.0655
EUR 1.1770 0.8881 - 1.4752 1.5002 76.4226
CAD 0.7984 0.6025 0.6781 - 1.0171 51.8410
AUD 0.7846 0.5922 0.6668 0.9834 - 50.9480
INR 0.0154 0.0116 0.0131 0.0193 0.0197 -
Indian-Commodity  :  Economy  :  P-notes investment surges to 4-month high of Rs 1.78 lakh crore at March-end

P-notes investment surges to 4-month high of Rs 1.78 lakh crore at March-end (21-Apr-2017)

After witnessing a decline in the month of February, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) have surprisingly surged to 4-month high of Rs 1.78 lakh crore at the end of March despite stringent norms put in place by Sebi to curb inflow of illicit funds. According to Securities and Exchange Board of India (SEBI) data, total value of P-note investments in Indian markets including equity, debt and derivatives, at March-end, has surged to Rs 178,437 crore, from Rs 170,191 crore at the end of February. Prior to that, the total investment value through P-notes stood at Rs 175,088 crore in January-end and Rs 157,306 crore in December-end.

Of the total, P-note holdings in equities at January-end were at Rs 111,803 crore, while in debts and derivatives were at Rs 12,475 crore and Rs 54,160 crore respectively. The quantum of FPI investments via P-notes remained unchanged at 6.6 percent in March. P-notes are issued by registered Foreign Portfolio Investors to overseas investors who wish to be a part of the Indian stock markets without registering themselves directly. They however need to go through a proper due diligence process.

P-Notes, long vilified for the anonymous nature of their investors and suspected as a route for money laundering, are seeing rising interest among short-term foreign investors as the general anti-tax avoidance rule (GAAR) became applicable from 1 April. Under GAAR, foreign investors would need to prove that such structures are not aimed at evading taxes. Investing via P-Notes has a lower tax liability of 7.5-8 percent.


Top News Today
Jain Irrigation Systems redeems FCCB's worth $40 million
(17-Oct-2017)

Jain Irrigation Systems redeems FCCBJain Irrigation Systems has redeemed the 4,000 FCCB's of $10,000 each aggregating to $40 million (equivalent Rs 263.50 crore) as per the terms of the Agreement dated September 5, 2012 entered into by the......click on news to read complete article.

Karur Vysya Bank opens one new branch at Andhra Pradesh
(17-Oct-2017)

Karur Vysya Bank opens one new branch at Andhra PradeshKarur Vysya Bank (KVB) has opened one new branch at No 492/4, Vullapalli Road, East Godavari District in state of Andhra Pradesh on October 17, 2017.Karur Vysya Bank is among six old generation private......click on news to read complete article.

Moody's affirms rating on SBI's foreign currency deposits
(17-Oct-2017)

MoodyGlobal rating agency -- Moody's Investors Service -- has affirmed the ratings on State Bank of India's (SBI) local and foreign currency deposits of 'Baa3/P-3' apart from affirming the 'Baa3' rating on......click on news to read complete article.

International Stock News
US markets closed higher with investors' looking ahead to major earnings
(17-Oct-2017)

US markets closed higher with investorsThe US markets closed higher on Monday, with all three major indexes logging another round of records, as investors looked ahead to key corporate earnings reports that could set the tone for trading and......click on news to read complete article.

Asian markets trade mostly in green
(16-Oct-2017)

Asian markets trade mostly in greenAsian markets have made a positive start on Monday, extending their last week gains, following the positive lead from Wall Street on Friday and higher commodity prices on the back of strong Chinese import......click on news to read complete article.

US markets closed higher; Nasdaq records all-time high
(14-Oct-2017)

US markets closed higher; Nasdaq records all-time highThe US markets closed higher on Friday, with Nasdaq recording an all-time high, as President Donald Trump delivered a speech decertifying a nuclear agreement with Iran. Upbeat earnings reports from banks......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.