Sebi issues framework for mutual funds, portfolio managers at IFSC
New Delhi, May 24, 2017
Markets regulator Sebi today allowed mutual funds, alternative investment funds and portfolio managers, operating in international financial services centres (IFSC), to invest in securities listed in such centres. Besides, they are permitted to invest in securities issued by companies incorporated in IFSC, Securities and Exchange Board of India (Sebi) said in a circular.
Won't allow companies from country barring Indian firms: Goyal
New Delhi, May 23 2017
Power Minister Piyush Goyal today said he "will not allow" any company to come to India from a country that does not permit an Indian firm to do business there -- a warning seen to be targetted at China.