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.
India is set to consider to making the Advanced Emergency Braking Systems (AEBS) mandatory in…
Indian Space Research Organization (ISRO), the NVS-03 navigation satellite will be launched on October 30ht…
The Ajanta Caves, which are located inside a horseshoe-shaped gorge in Maharashtra, contain some of…
The Ministry of Communications, from the Department of Telecommunications (DoT) has notified the Telecommunications (Regulatory…
The 33rd edition of the bilateral maritime exercise between Singapore and India (SIMBEX-2026) commenced on…
Venerable folk artist Devadas Chimakode has won the prestigious annual honorary award of Karnataka Janapada…