If these funds fail to make investments within this time limit, then Sebi can allocate their unutilized limits to other applicant AIFs and VCs. Capital markets regulator Sebi on Friday reduced the validity period of approval given to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments to four months… Continue reading Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
Tag: overseas
Mutual Fund's overseas holdings decline 13.5% in FY 2023: RBI report
Investments stood at $5.6 bn in March 2023, against $6.5 bn a year ago Source link
Coal India embarks on overseas acquisition of critical mineral assets
In a bold move to diversify its operations and integrate further into the value chain, Coal India Limited (CIL) is targeting the acquisition of lithium, cobalt, and nickel assets abroad. The company has recently amended its Memorandum of Association (MoA) to include non-ferrous and critical minerals, indicating its commitment to expand its presence… Continue reading Coal India embarks on overseas acquisition of critical mineral assets
Centre should consider lowering TCS on overseas tour package: Report
The government should consider lowering TCS on overseas tour packages and allow foreign cruise vessels to operate on Indian waters besides other steps to increase outbound tourism, a report said on Sunday. The report titled “Unlock the Potential: A Look into Outbound Tourism”, drafted by Nangia Andersen LLP in collaboration with FICCI said… Continue reading Centre should consider lowering TCS on overseas tour package: Report