Overseas investors turned net sellers of Indian equities on Friday. Foreign portfolio investors offloaded stocks worth Rs 8,027.00 crore, according to provisional data from the National Stock Exchange.
The Reserve Bank of India has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. Earlier in July 2023, it had rejected three applications.
India and Mauritius have signed a protocol to amend the double taxation avoidance agreement, which included a principal purpose test to decide whether a foreign investor is eligible to claim treaty benefits.
The chief negotiators of India and South American nation Peru are likely to hold the next rounds of talks for a proposed free trade agreement in June, an official statement said on Thursday. So far, seven rounds of talks have been completed.
The National Company Law Appellate Tribunal has upheld the insolvency proceedings against Tulip Hotels Ltd., which had defaulted on Rs 450 crore corporate guarantees given for Cox & Kings and EzeeGo One Travel & Tours each.