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Jul 30, 2015

BNP Paribas to buy Sharekhan in brokerage push

MUMBAI (Reuters) – France’s biggest bank, BNP Paribas SA (BNPP.PA: Quote, Profile, Research, Stock Buzz), has agreed to buy Indian brokerage Sharekhan for an undisclosed sum as it looks to beef up retail broking operations in India, taking advantage of a surge in retail investments into stocks.

A rally in share markets that sent indexes to record highs in March is attracting hordes of individual investors, improving the outlook for retail brokers after years of weak profits.

Jul 30, 2015

BNP Paribas to buy India’s Sharekhan in brokerage push

MUMBAI, July 30 (Reuters) – France’s biggest bank, BNP
Paribas SA, has agreed to buy Indian brokerage
Sharekhan for an undisclosed sum as it looks to beef up retail
broking operations in India, taking advantage of a surge in
retail investments into stocks.

A rally in share markets that sent indexes to record highs
in March is attracting hordes of individual investors, improving
the outlook for retail brokers after years of weak profits.

Jul 23, 2015

Equity fund inflows near record as retail investors return

MUMBAI, July 23 (Reuters) – - Investment in Indian equity mutual funds by domestic retail investors has hit the highest since 2008, signalling the return of individual players drawn to a stock market that is outperforming physical assets such as gold and real estate.

Domestic net inflows into equity mutual funds in June were the second-highest ever – second only to January 2008 before the financial crisis took hold, according to data from the Association of Mutual Funds in India. Retail investors are now set to make July the 15th straight month of net inflows, fund managers say.

Jul 22, 2015

India equity fund inflows near record as retail investors return

MUMBAI, (Reuters) – Investment in Indian equity mutual funds by domestic retail investors has hit the highest since 2008, signaling the return of individual players drawn to a stock market that is outperforming physical assets such as gold and real estate.

Domestic net inflows into equity mutual funds in June were the second-highest ever – second only to January 2008 before the financial crisis took hold, according to data from the Association of Mutual Funds in India. Retail investors are now set to make July the 15th straight month of net inflows, fund managers say.

Jul 21, 2015

Discount stockbrokers turn to apps to wean Indians off gold

MUMBAI (Reuters) – In India, where gold is the investment medium of choice, low-cost stockbrokers reckon they can grow the paltry percent of households investing in shares with apps that make it as easy to buy stocks on a smartphone as it is to buy gold on a highstreet.

India is one of the world’s biggest gold consumers as millions looking to grow income have traditionally headed for the nearest jeweller. But gold’s reputation as a safe store of value has been tarnished by a 42 percent drop in prices over the past four years and an equal rise in stocks .NSEI.

Jul 15, 2015

In shadow of Chinese rout, India fights illegal “dabba” market

MUMBAI, July 16 (Reuters) – A crack team of regulators and
specially trained state police are spearheading India’s efforts
to stamp out the country’s “shadow” market in shares and
commodities, turning up the heat on backstreet traders who
threaten the broader financial system.

So-called “dabba” trading has been a headache for regulators
for years, but a government push to crack down on the black
economy and clean up the Indian market for retail investors has
given a fresh boost to efforts to stamp out the
multi-billion-dollar parallel system, which bypasses market
rules and taxes.

Jun 12, 2015

India seeks to stoke tech startup IPOs on new domestic bourse

MUMBAI, June 12 (Reuters) – Indian regulators hope plans for
a new bourse with less stringent listing requirements will lure
a stream of startups in the country’s burgeoning technology
industry, looking for a platform to raise capital for expansion.

The eased rules, marking a change for India’s traditionally
cautious regulator, are due to be announced in their final form
this month after draft guidelines were unveiled in March. The
regulator hasn’t yet said where the new exchange will be based,
nor disclosed a name for it.

Jun 3, 2015

Indian shares tumble as rate-cut hopes wane; midcaps plunge

MUMBAI, June 3 (Reuters) – Indian shares slumped for a
second straight session on Wednesday as a forecast for
lower-than-expected monsoon rains raised concerns that the
central bank will not cut interest rates any more this year,
sending lenders such as State Bank of India sharply
lower.

Midcap infrastructure and property developers also bore the
brunt of the sell-off, with Unitech Ltd losing 35.7
percent as investors were worried that companies would find it
difficult to reduce debt levels should the central bank hold off
on rate cuts.

May 19, 2015

India ignored warnings on foreign investor tax row -sources

MUMBAI, May 19 (Reuters) – India’s Finance Ministry could
have sidestepped a damaging multibillion-dollar tax row with
foreign investors if it had acted on regular warning letters
that officials had been sending since as long ago as September.

The warnings went unheeded, according to senior sources in
the tax department and finance ministry, until the dispute with
overseas investors over the imposition of the minimum alternate
tax (MAT), which had not previously been applied to them,
hammered the country’s stock and bond markets and dented the
business-friendly image of Prime Minister Narendra Modi.

May 7, 2015

Falling out of love, foreign funds dump Indian shares and bonds

MUMBAI (Reuters) – Overseas funds chalked up their biggest single-day sales of Indian shares and bonds in 1-1/2 years, fuelling concerns that an emerging market darling is losing its allure over growing anger over a tax on foreign investors.

The net sales of around $630 million on Wednesday, preliminary data showed, is the biggest since foreign investors sold around $877 million on Jan. 27 last year, a time of intense worry over higher U.S. interest rates.