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MAURITIUS FUNDS DROP
Gujarati travellers cut back on travel plans amid geopolitical uncertainty, expected market volatilityGujarati travelers are pausing travel plans. Uncertainty from the US-Israel-Iran conflict and stock market dips are causing caution. Advanc...
FPI selloff bleeds indices on D-Street, also erodes assets of global fundsIndian equities have fallen 20% since October 2024, eroding foreign funds' equity assets under custody. Mauritius and Canada saw the steepe...
PNB Housing Finance shares tumble nearly 5% after large block dealShares of state-owned PNB Housing Finance dropped 4.8% to Rs 800 in early Thursday trading on the BSE, after a block deal where 1.36 crore ...
Waning Mauritius FPI flows may limit tax treaty change impactThe share of funds domiciled in Mauritius in the total FPI equity assets under management (AUM) dropped to 5.61% in March 2024 compared wit...
Mauritius is ensuring transparency, there are no shell companies: Minister Soomilduth BholahMauritius assures financial transparency, no shell companies. Seeking Indian investments, focusing on fintech and compliance with internati...
Funds from Ireland, Luxembourg, Norway and Japan raise bets on Indian equitiesThe AUM of Ireland-domiciled funds rose 40% year-on-year to ₹3.32 lakh crore ($40 billion) at the end of December 2023, while the total FPI...
Adani rout puts spotlight on billions flowing through MauritiusWhile it isn’t illegal to register businesses in low-tax jurisdictions like Mauritius, the allegations around the offshore shell firms appe...
Tax havens’ share in FPI assets hits record lowThe drop in the share of tax haven countries was offset by the rising share of highly regulated nations such as the USA, UK, Norway and Jap...
Funds based in Mauritius, Luxembourg quickest to exit as selloff gained paceThe current reading of the share of regulated nations is nearly 200 basis points higher than long-term averages. One basis point is 0.01%. ...
Indian equities at greater risk from Fed’s rate movesThe equity assets under management (AUM) of the US funds rose by 47 per cent year-on-year to Rs 18.5 lakh crore at the end of November whil...
FPI investment through Mauritius picks up pace after 6 yearsFPIs have invested close to $10 billion (Rs 74,260 crore) between September and November, a rare instance. Over the past 15 years, FPIs hav...
NSE-BSE bulk deals: Mayfield XII cuts stake in Tejas Networks; SocGen laps up Strides PharmaMayfield XII Mauritius FDI sold a total of 53,67,733 shares of Tejas Networks over two deals on BSE and NSE. At the end of June, it held 7....
NSE-BSE bulk deals: Tata Sons hikes stake in Tata Motors DVRPromoter Tata Sons bought 53,02, 681 of Tata Motors DVR at Rs 56.02 each. It held 5.26 per cent stake at the end of June.
Interest for Indian equities rising among Norway, Canada, Dutch fundsIn 2019 so far, they have invested $13.3 bn in Indian equities, highest in the past 5 years.
India may tighten disclosure rules for FPIs from MauritiusThe proposal would place FPIs based in the Indian Ocean tax havens and jurisdictions such as Cyprus and the British Virgin Islands at disad...
Won’t prepare high-risk list: Sebi to MauritiusAccording to regulatory experts, Sebi is likely to take a relook at the new regulation on NRI investments.
Black money risk alarm could put to test India's ties with close friend MauritiusA week ago, global banks acting as custodians for foreign funds including HSBC, Deutsche, Citi, StanChart and JP Morgan shared a list of 25...
GAAR hits shares of Mauritius-based funds like India Infoline, Edelweiss, Cox & KingsIt is feared that many Mauritius-based investors will not be in a position to gain from the exemption as per GAAR & may dump Indian shares.
- Heat on tax havens: FDI from Mauritius, Cyprus drops
Amidst pressure on the government to tighten the screws on inflow of funds from tax havens, India's FDI from Mauritius and Cyprus, dropped ...
- OECD Blacklist: Closer tabs on FIIs likely
Finance Ministry taps Reserve Bank and SEBI to prepare list of tax havens where foreign investors are registered without sufficient checks....