TeamLease Services advances 4% on increasing FPI investment limit to 75%

Shares of TeamLease Servicesrose 4.6 percent intraday Thursday on increasing foreign portfolio investment (FPI) limit. The company received approval from Reserve Bank of India (RBI) for increase in FBI investment limits under portfolio investment scheme from 24 percent to 75 percent of the paid up capital of the company pursuant to board and shareholders approval. Accordingly, […]

Read More →
Budget 2018: Higher tax sops & increased investment limit under PMVVY makes senior citizens happy

Senior citizens were looking at the Budget 2018 with a lot of hope and Finance Minister Arun Jaitley too reciprocated with announcements that would reduce the stress for senior citizens. The Budget 2018 offered to increase the investment limit under Pradhan Mantri Vaya Vandana Yojana to Rs 15 lakh from extant limit of Rs 7.5 lakh. The Union Budget 2018 also […]

Read More →
RBI caps group entity exposure limit for banks at 25%

The group entity exposure limit norms will be effective 1 April 2019. Photo: Aniruddha Chowdhury/Mint Mumbai: The Reserve Bank of India said on Thursday it will cap banks’ exposure to a single entity to 20% of a lender’s capital base and to 25% limit to a group of connected entities, according to a circular on […]

Read More →
RBI looks to limit banks’ bad loan risks

RBI gives banks until 2019 to meet the new capital exposure norms. Photo: Aniruddha Chowdhury/Mint Mumbai: The Reserve Bank of India (RBI) on Thursday said it would cap banks’ exposure to a group of connected companies at 25% of the lenders’ core capital, seeking to reduce concentration risk in a banking industry laden with bad […]

Read More →
SBA Fund Adds Manufacturing, Lifts $200 Million Limit

The Small Business Administration has just added advanced manufacturing to a national priority list for SBA backed investment. It has also raised a $200 million annual limit on the amount of funding to support investment in these sectors. The SBA’s Impact Investment Fund was initially launched in 2011 to support the growth and development of […]

Read More →
SBA Fund Adds Manufacturing, Lifts $200 Million Limit

The Small Business Administration has just added advanced manufacturing to a national priority list for SBA backed investment. It has also raised a $200 million annual limit on the amount of funding to support investment in these sectors. The SBA’s Impact Investment Fund was initially launched in 2011 to support the growth and development of […]

Read More →
RBI Hikes Foreign Holding Limit To 74% In Yes Bank

Mumbai: Reserve Bank on Friday increased the foreign holding limit to 74 per cent of the paid-up capital in Yes Bank under the portfolio investment scheme. Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74 per cent from from the existing 60 per cent of the paid-up capital of Yes […]

Read More →