India’s markets regulator is proposing new rules for portfolio managers. These changes aim to reduce compliance burdens and offer more investment avenues. Portfolio managers may soon invest in to-be-listed securities and overseas equities. This move aligns them with other investment…
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Ahead of its proposed initial public offering (IPO), Juniper Green Energy Limited has, through an addendum to its Draft Red Herring Prospectus (DRHP) filed with SEBI on July 9, disclosed pending litigation involving the company, its subsidiaries, promoters, directors and…
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The government has permitted foreign direct investment in inventory-based e-commerce models. This new policy exclusively applies to goods manufactured and produced in India for export. The move aims to boost India’s outbound shipments through easier global market access. This change…
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India plans a second phase for its strategic petroleum reserves. This expansion will add significant crude oil storage capacity. The project will utilize a public-private partnership model for development. Government funding will cap at sixty percent of the total cost.…
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New Delhi [India], India Mortgage Guarantee Corporation (IMGC), India’s first mortgage guarantee company regulated by the Reserve Bank of India, today announced the appointment of Mr. Rajesh Sud, a veteran financial services leader who has spent over three decades building…
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Cipla’s first-quarter profit declined significantly, impacted by muted cancer drug sales. U.S. supply disruptions for a tumor treatment also affected the company’s financial results. The drugmaker appointed Dinesh Jain as its new global finance chief on Friday. Cipla’s India business…
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