HDFC Bank & IndusInd Bank have been put in the ‘red flag’ list, a system used for monitoring foreign portfolio investor (FPI) limits. A listed company enters the list when the available legroom for overseas investment is less than 3% of the permissible limit. FPIs can invest up to 74% in both HDFC Bank and IndusInd Bank.
The current FPI shareholding in case of HDFC Bank is 71.3 per cent, while that of IndusInd Bank is 73. 1 per cent. Besides these two, Novartis India and Procter & Gamble Hygiene and Health Care are the only other companies in the red-flag list.
Bali is home to a rich cultural heritage that blends Hindu philosophy, local animist traditions,…
India's states are known for their unique identities based on culture, geography, or contributions to…
On November 22, 2024, the Asia Index Private Ltd, a subsidiary of the Bombay Stock…
India's foreign exchange reserves suffered their largest weekly drop on record, falling by $17.76 billion…
The Union Minister for Education, Dharmendra Pradhan, along with Minister of Labour and Employment, Youth…
On 22nd November evening, Jay Shah, the ICC president-elect and current chief of the BCCI…