Investments into P-notes surge in October
Reuters Market Eye - The total value of participatory notes into Indian equity and debt, including derivatives, rose to 176 trillion rupees in October, its highest since February, according to Securities and Exchange Board of India (SEBI) data.
Check link link.reuters.com/bag74t
The rise in investments via P-notes marks a significant recovery from the fiscal 2012-13 year-low in May when the value fell to 1.29 trillion amid worries the government was looking to tax foreign investors under the General Anti Avoidance Rule (GAAR).
Participatory notes are offshore instruments issued by foreign institutional investors to overseas investors who want to invest in India without having to directly register with Indian capital markets regulator SEBI.
However, the deferral of the implementation of GAAR, valuations in equities and the governent's fiscal and economic reforms have revived investments into P-notes.
- Tweet this
- Share this
- Digg this
- India threatens to derail WTO deal, prompts angry U.S. rebuke
- Israel says ready to extend short Gaza truce; many bodies pulled from rubble
- Russia criticises EU sanctions, raps U.S. over Ukraine role
- Amazon's far-reaching ambitions, lack of profits, unnerve investors |
- UPDATE 2-Motor racing-Rosberg on pole, Hamilton on fire
Palestinians in the Gaza Strip poured into the streets on Saturday to recover their dead and stock up on food supplies after a 12-hour humanitarian truce agreed by Israel and Hamas took hold on the 19th day of their conflict. Full Article
Amazon's far-reaching ambitions, lack of profits, unnerve investors Full Article