Sebi issues framework to club investment limits of foreign govt, related entities

Business-standard | 10th April 2018 Markets regulator Sebi today said two or more foreign government and its related entities from the same jurisdiction will be considered a single FPI for the investment cap of 10 per cent in a listed Indian company. The move comes as various stakeholders have been seeking guidance on clubbing of investment limits [...]

2018-04-12T10:56:19+00:00 April 10th, 2018|Economy|

Huge investments in oil and gas sectors in A.P.: Pradhan

The Hindu | 9th April 2018 Union Minister for Petroleum and Natural Gas Dharmendra Pradhan has rubbished criticism by the TDP and other parties over alleged negligence of Andhra Pradesh, and said an investment of over ₹1.65 lakh crore is being made to produce gas of 50 million cubic metres per day from the Krishna [...]

2018-04-10T10:52:14+00:00 April 9th, 2018|Economy|

Indian Oil to buy 4% stake in LanzaTech

Millennium Post | 29TH March 2018   State-owned Indian Oil Corporation (IOC) on Thursday said it will buy a 4 per cent stake in bio-based gas fermentation technology firm LanzaTech New Zealand for $20 million. Besides approving the stake buying, the Board of the company also approved projects worth Rs 7,871 crore. "The Board has [...]

2018-03-30T12:36:45+00:00 March 29th, 2018|Economy|

India to Consider Non-OPEC Suppliers to Bargain For Cheaper Prices

Bloomberg Quint| 28TH March 2018 India will consider buying more oil from countries outside the OPEC bloc, its biggest supplier, at cheaper prices as the cartel’s production cuts have pushed crude higher. The country expects Oil and Petroleum Exporting Countries, which account for more than 83 percent of India’s imports, to offer a “reasonable and [...]

2018-03-29T14:49:33+00:00 March 28th, 2018|Economy|

Liquidity enhancement schemes in commodities permitted: Sebi

Times of India | 28TH March 2018 Markets regulator Sebi has decided to permit liquidity enhancement schemes (LES) in commodity derivatives contracts. Sensitive commodities however will not be eligible for LES. “Any commodity that is classified as ‘Sensitive Commodity’ by the exchange shall not be eligible for LES,” it said. If any commodity derivative product is liquid [...]

2018-03-28T10:59:23+00:00 March 28th, 2018|Economy|