Skip to main content

Featured Post

Hindenburg Research says if Adani Group files a lawsuit, it will demand documents from the company.

image source-Millenium Post   Adani Group has announced that it is considering legal action against Hindenburg Research, a US-based investment research firm, for its recent report on the Indian conglomerate. In response, Hindenburg has stated that it fully stands by its report and believes any legal action taken against them would be without merit. The report, which was released this week, alleged that Adani Group had used undisclosed related-party transactions and earnings manipulation to "maintain the appearance of financial health and solvency" of its listed business units. The firm also stated that they would welcome any legal action taken by Adani Group and would use the discovery process to demand documents.
Post a Comment
Read more
Labels

Budget 2023's major policies can help FPIs and DIIs maintain their position in Indian markets

image source-Outlook India


The beginning of 2023 has seen foreign portfolio investors (FPIs) pulling out a significant amount of money from Indian equities. This is a concern for experts as last year saw record selloffs by FPIs due to macroeconomic risks and January has continued on the same sentiment. However, measures in the upcoming Budget 2023 could help to keep foreign investors in the stock market and drive demand from domestic institutional investors (DIIs). So far in January, FPIs have pulled out 15,236 crore from Indian equities while DIIs have continued to invest. Possible measures in the budget that could drive investment from both FPIs and DIIs include reducing long-term capital gains tax to 5%, relaxing FPI rules for non-resident Indians, providing a rebate for transactional taxes, and focusing on defense and infrastructure with subsidies to attract inward investment in technology and capital.

Labels:

Comments

Post a Comment

Popular Posts