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Bank of America CEO Brian Moynihan sees India as a rapidly growing market requiring significant capital for expansion. He commends Prime Minister Modi's reforms but urges for easier business processes. Moynihan also discusses global trade shifts, national security concerns, and the evolving role of the US dollar.
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News and Media
Mutual funds, driven by consistent household inflows via SIPs, have become a cornerstone of India's equity market, offsetting volatile foreign investor flows. Domestic institutional investors, including mutual funds and insurance companies, now hold a larger share of equities than foreign portfolio investors, marking a significant shift in market dynamics.
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News and Media
Foreign investors are bolstering offshore arms with tangible operations to demonstrate substance, following a Supreme Court ruling that denied tax benefits to entities lacking it. Measures include appointing local directors and hiring office space to prove these entities are not merely paper companies designed to evade Indian taxes.
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News and Media
The Indian rupee hit a record low against the dollar on Thursday, pressured by dollar demand linked to the maturity of non-deliverable forward positions and corporate hedging, while the central bank likely intervened to hold it above the psychologically significant 92 level.
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News and Media
Mahindra Holidays and Resorts India reported a 94% plunge in third-quarter profit on Thursday, dragged by a one-time charge following the roll-out of India's new labour codes and slower membership growth.
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News and Media
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