GOVERNMENT OWNERSHIP
007 Effect! JPMorgan bond inclusion can attract $2-3 billion monthly FII inflows into India
Since October 2023, non-residents have invested nearly $15 billion in Indian government bonds, including $5 billion through USD-settled, INR-denominated supranational bonds. Starting from Friday, passive fund inclusion will begin at a rate of 1% per month, leading to total inflows of $25-30 billion by the time full weightage is reached.
Gilts to shine brighter from tomorrow
JP Morgan will include 27 fully accessible Indian government bonds in its GBI-EM global index suite starting June 28, allowing global investors to deploy funds in these bonds.
Trai invites views on norm for transferring ownership of machine-to-machine SIMs
The telecom regulator, Trai, is seeking industry views on allowing critical M2M communication services on unlicensed airwaves. It has identified 20 critical M2M services, including those for connected & autonomous vehicles, remote surgery, and smart grid operations.
Enemy within? China is buying land around American military bases
China's proximity to military bases within the US, including a nuclear missile base in Wyoming, raises national security concerns. The US government blocked a Chinese-backed cryptocurrency mining firm from owning land near Francis E. Warren Air Force Base in Wyoming, citing it as a 'national security risk'. The order required the divestment of property operated as a crypto mining facility near the base.
MCA penalises Samsung Display Noida for breach of Companies Act norms
As per Samsung Display Noida's February 2024 letter cited in the order, it's fully owned by Samsung Display Co (Korea), which, in turn, is 84.8% owned by Samsung Electronics Co (Korea). Section 90 of the Companies Act, 2013, typically requires companies to disclose their significant beneficial owner details to authorities.
UP Cabinet approves ownership of 500-bed hospital by GIMS in Greater Noida
According to the standards set by the National Medical Commission (NMC) and the Medical Council of India (MCI), the hospital associated with GIMS must be owned by the institute. "The lack of ownership has caused difficulties obtaining various licenses," it noted.
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ETMarkets Smart Talk: Roads, railways, and defence should be in focus in Budget session of Modi 3.0
The sharp 6% fall in markets was a result of people expecting for a BJP majority based on the exit polls, with the actual results turning out to be a black swan event.
Team ownership rules complicate a football star’s move
Red Bull, the energy drink maker, pioneered the model. Manchester City, the English champion financed by the wealth of the United Arab Emirates, supersized it through its City Football Group. Jim Ratcliffe, the chair of the chemicals giant INEOS, brought it to Manchester United when he acquired a major stake in the club last year.
Mizoram's church body seeks measures to encourage couples to have more kids
Mizoram church body has urged the state government for measures to encourage couples to have more children in response to population concerns. The meeting, chaired by Mizoram Synod Moderator Rev R. Vanlalnghaka, emphasized governance, anti-corruption efforts, rule of law enforcement, and protection of religious freedoms and the gospel. Chief Minister Lalduhoma and other key officials attended the meeting, where church leaders stressed the importance of collaboration between the government and the church to reform the education system and promote overall state development
Past reforms will continue to drive economy over next 2 years: Neelkanth Mishra
In fact, with the RBI dividend being significantly better than what was budgeted, I would not be surprised if in the July budget, the government chooses to bring down its FY25 fiscal deficit target from 5.1% to 4.9% because that money is there.
TikTok says cyberattack targeted brands and celebrity accounts, including CNN
TikTok takes measures to stop cyberattack targeting brand and celebrity accounts, including CNN. ByteDance challenges law requiring TikTok sale by January to avoid ban.
Why does India have the first mover advantage in Web3 technology?
While regulatory clarity remains a work in progress, India's embrace of the Financial Intelligence Unit (FIU) registration requirement is a positive step, creating a safer trading environment for all.
Diminishing healthcare quality, worsening patient health outcome: Lancet study decries healthcare privatisation
Study in The Lancet magazine reveals that healthcare privatization globally lowers quality of care and worsens patient outcomes. Based on extensive research across high-income nations, it highlights the negative impact of converting public hospitals to private entities and outsourcing services. Concerns raised amid Supreme Court scrutiny over healthcare cost discrepancies
How to safely invest in real estate via fractional ownership platforms
Things to check before investing in real estate via Fractional Ownership: The Sebi has recently amended the rules and regulations for investing in real estate via Fractional Ownership platforms (FOPs). The new regulations intended to make investment in real estate (usually a commercial building) safer and transparent for retail investors.
Higher ability to withstand sudden headwinds: 5 largecap stocks with right mix of RoE & RoCE
There are two kinds of risk in equity markets, first the overall market or asset class risk. Second is individual risk. First risk is not under control of anyone, because it can hit the market due to any reason, right from any geopolitical uncertainty to any monetary event in any part of the world. Probably the first kind of risk got played recently with the flip flop of the US and development in the middle east. The second risk which is individual risk is about the choice of the stock which one buys. In equities after a point of time it is more important to manage individual risk than to take risk. In equities the risk is more in the short term, over longer term, it is not very high. One way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
Fitch Ratings affirms EXIM Bank's rating; outlook stable
Fitch Ratings on Friday affirmed the Export-Import Bank of India's (EXIM Bank) rating with a stable outlook, reflecting its high strategic importance to the state.
Government gains PSU muscle as stocks climb peaks
The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.
Godrej family split: Adi, brother to keep listed firms; cousin Jamshyd to get unlisted cos, land bank
As per the arrangement that was uploaded on stock exchanges, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will now oversee the Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates spanning various industries. This development marks a significant change in control within the organisation.
Fractional ownership platforms start registering under new SEBI regulations
Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd. Others like Strata and WiseX are also taking similar steps. The company’s board has approved a proposal to create a step-down subsidiary under EFC Ltd for acting as an investment manager to SM REIT.
OpenAI removes Sam Altman's ownership of its Startup Fund
OpenAI's VC fund altered governance, separating CEO Altman's ownership. Ian Hathaway now leads, managing investments and accelerator programs. Altman's role clarified post scrutiny on his external investment activities.
How fleet owners can overcome the dual challenge of EV financing and high cost of ownership
For commercial operators considering the switch to EVs, the total cost of ownership (TCO) is a crucial consideration. While EVs promise lower operational costs over their lifecycle, primarily due to savings on fuel and maintenance, the initial purchase price remains prohibitively high. The high cost is largely attributed to the expensive battery technology that powers these vehicles.
Saudi Arabia considers transferring state airline Saudia to PIF, sources said
Saudi Arabia may transfer Saudia ownership to PIF, with Flyadeal. Riyadh Air to be hub in Riyadh, Jeddah, focusing on pilgrims and transit passengers. Holy sites and non-religious traffic key. PIF to have direct oversight.
Is fractional ownership of real estate safe? Here's how SEBI is making it safer for retail investors
New Sebi rules on fractional ownership: Investors who were unable to buy whole property due to cash crunch can invest in the real estate via fractional ownership. However, without proper regulation, there was always a question whether such investments are safe. The new Sebi rules on REITs makes the fractional ownership of real estate investment safer for retail and HNI investors.
Established businesses must nurture startups without seeking ownership: Zomato's Deepinder Goyal
Deepinder Goyal emphasizes the need for established businesses to nurture startups without owning them. The Startup Mahakumbh event aims to make India the largest startup ecosystem. The government launches the Bharat Startup Ecosystem Registry to unify stakeholders and support Indian startup growth.
Trouble for Dharavi redevelopment project over railway land ownership
Dharavi Redevelopment Project faces a hurdle as the Railway Land Development Authority (RLDA) refuses to allow sub-leasing of the crucial 47.5 acres of railway land earmarked for the project. The DRPPL argues that, as state government bodies, DRP/SRA should have the authority to sub-lease the land under RLDA regulations. The delay could substantially affect the project's timeline for rehabilitation, breaching the MoU signed
Karnataka Budget: Properties in Bengaluru to get digital ownership document
Siddaramaiah said additional non-tax resources of Rs 2,000 crore will be mobilised through revised advertisement policies and premium Floor Area Ratio (FAR) policy from this fiscal year.
Anxiety, mood swings and sleepless nights: Life near a bitcoin mine
Scores of the operations have popped up in recent years across the United States. When a mining computer lands on numbers that bitcoin's algorithm accepts, the payout is currently worth about $250,000. The more computers an operation has, the better chance of earning the payout. The industry is often criticized for its vast energy use -- often a boon for the fossil-fuel industry -- and noise is a common complaint.
FPI ownership of Indian g-secs surges to a record
As of January 18, foreign funds owned 21.2%, or ₹10,398 crore worth, of outstanding stock of a government bond maturing in 2028, Clearing Corporation of India data showed. The bond, which has an outstanding stock of ₹49,000 crore, is among the most liquid in the secondary market.
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