The Reserve Bank of India notified that the foreign shareholding by FIIs/RFPIs in M/s MT Educare Limited have gone below the revised threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. It may also be noted that all the approvals received against the said scrip are duly cancelled. Equity shares of M/s MT Educare Limited can now be purchased through pri

The Reserve Bank of India today notified that M/s IDFC limited has agreed to decrease the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs), through primary market and stock exchanges under the Portfolio Investment Scheme (PIS) up to 48 per cent of the paid up capital. Earlier limit for such investments in M/s IDFC Limited was 50 per cent. M/s IDFC Limited has pa

As per the standard practice, with a lag of one quarter, India's external debt statistics for the quarters ending March and June are released by the Reserve Bank of India and those for the quarters ending September and December by the Ministry of Finance, Government of India. The external debt data as at end-June 2014 in Rupees and US dollar terms as well as revised data for the earlier quarters are set out in Statements 1 and 2, respectively. The major developments r

The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.6135 on September 30, 2014. The corresponding rate for the previous day (September 29, 2014) was ` 61.4273. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 29, 2014 September 30, 2014 1 EUR 77.9328 78.2060 1 GBP 99.7272 100.2760 100 YEN 56.07 56.36 Note : T

The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.4273 on September 29, 2014. The corresponding rate for the previous day (September 26, 2014) was ` 61.5720. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 26, 2014 September 29, 2014 1 EUR 78.4489 77.9328 1 GBP 100.4239 99.7272 100 YEN 56.45 56.07 Note : T

The Reserve Bank of India has today advised that foreign institutional investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now purchase up to 100 per cent (revised from earlier limit of 49 per cent) of the paid up capital of M/s TD Power Systems Ltd. under the Portfolio Investment Scheme. The Reserve Bank has stated that the company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhan

The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.5720 on September 26, 2014. The corresponding rate for the previous day (September 25, 2014) was ` 61.0245. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 25, 2014 September 26, 2014 1 EUR 77.8429 78.4489 1 GBP 99.4272 100.4239 100 YEN 55.87 56.45 Note : T

1. Increase in Foreign investment limit/ceiling in an Indian Company under PIS- FIIs/RFPIs/QFIs- up to 40% (revised from earlier limit of 35%) 2. Removal from the Caution List – FIIs/RFPIs The Reserve Bank of India today notified that the foreign shareholding by FIIs/RFPIs in M/s City Union Bank Ltd. has gone below the revised threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company on July 1

The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.0245 on September 25, 2014. The corresponding rate for the previous day (September 24, 2014) was ` 61.0293. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 24, 2014 September 25, 2014 1 EUR 78.3738 77.8429 1 GBP 99.9904 99.4272 100 YEN 56.17 55.87 Note : Th

The Reserve Bank of India’s Reference Rate for the US Dollar is ` 61.0293 on September 24, 2014. The corresponding rate for the previous day (September 23, 2014) was ` 60.8708. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below: Currency Date September 23, 2014 September 24, 2014 1 EUR 78.2251 78.3738 1 GBP 99.6333 99.9904 100 YEN 55.98 56.17 Note : Th