One of the key changes allows individual Persons Resident Outside India (PROIs) to invest in shares of listed Indian companies through the Portfolio Investment Scheme.
The RBI maintained the status quo on interest rates and signalled confidence in India's ability to navigate global volatility despite geopolitical and market uncertainties.
Economists and market participants are closely tracking RBI's latest projections on inflation, growth and crude oil prices as the central bank unveils its policy verdict.
Rajesh Exports Ltd informed the BSE on Thursday that the order passed by the Securities & Exchange Board of India (SEBI) is an interim order, not a final one, following SEBI's allegation that the company appears to have prima facie overstated its revenues.
Rajesh Exports on Thursday claimed that the revenues declared by the company are "correct" and "there is no over-stating of revenues."
Speaking at an event in New York, Wilson said he would depart the company within two months and the next four years would be “just as challenging as the past, albeit in a different way.”
The total consideration amounts to Rs 4,193 crore, including the Rs 2,993.6 crore paid for the 24% stake in JVPL.
India’s private sector activity continued to expand in May, signalling sustained but marginally softer growth momentum.
At close, the Sensex was 135.03 points (0.18 per cent) lower, settling at 75,183.36, while the Nifty was at 23,654.70, down 4.30 points or 0.02 per cent.
Amid the falling Indian Rupee, the Reserve Bank of India (RBI) came into play with all the available options to stabilise the falling currency against the US Dollar.
