"The Finance Minister on December 13 confirmed the implementation of the budget announcement of increasing the statutory FPI limit in a company from 24 percent to the sectoral foreign investment limit, effective April 1, 2020. This implementation has far-reaching effects on India's free float, its weight in the MSCI indices, foreign flows, and supply of equity," Morgan Stanley said. … [Read more...] about Media, insurance top FPI picks of FY20; will the trend continue?
Insurance information institute
When the Indian Council of Medical Research (ICMR) hinted at August 15-timeline for Bharat Biotech's Covaxin, which is now considered as a remote possibility, Serum Institute's Adar Poonawala said they do not want to rush anything. "We are confident of a safe and good vaccine for India and the world; we would certainly announce it when we are licensed by the Drug Controller (DGCI), but that is still at least six month away," Poonawalla said at a recent press conference. … [Read more...] about India’s COVID-19 vaccine puzzle: Bharat Biotech, Serum set to start human trials; but big questions remain unanswered
This model has been made possible by the Secured Borderless Workspaces (SBWS), which is secure, agile and has earned clients’ confidence, the management said. The company has also ramped up its security operations to monitor over four lakh endpoint devices that are connected remotely. … [Read more...] about Work from home | TCS to get 5% of employees back to office by September
SBI and a clutch of other private sector banks bailed out Yes Bank early in 2020 after the government and RBI had jointly formulated a Yes Bank reconstruction scheme. Yes Bank failed on account of alleged financial irregularities perpetrated by the founder and former CEO Rana Kapoor and a massive spike in bad loans. As a part of the bail-out, the RBI appointed former SBI executive Prashant Kumar as administrator of the bank, who took charge as CEO later. … [Read more...] about After Yes Bank fiasco, RBI governor sees merit in creating resolution corporation: How critical is the idea?
As per company's red herring prospectus (RHP), the company had previously raised Rs 100 crore in a pre-IPO placement in March with Malabar India Fund, White Oak, Kotak Infina, Axis AMC, Mirae Asset, Sundaram Mutual Fund, IIFL and ICICI Lombard General Insurance. … [Read more...] about Rossari Biotech’s Rs 500 crore IPO: Here are 10 key things to know