Indian companies both listed and unlisted, will soon be able to list their shares directly on the IFSC in Gujarat or the GIFT city. The move will enable “start-ups and companies of like nature to access the global market through GIFT IFSC”, FM Sitharaman said. “This will also facilitate access to global capital and result in better valuation for Indian companies,” she added. The finance minister was speaking at the launch of the Corporate Debt Market Development Fund (CDMDF) and AMC Repo Clearing Limited (ARCL) in Mumbai.
With representatives of over 50 leading semiconductor and electronics companies in attendance, Prime Minister Narendra Modi on Friday pitched India as a trusted partner in the global chip supply chain, saying the country never disappoints anyone. India is rolling out the red carpet for the semiconductor industry, the PM said, referring to fast-paced policy reforms in the area. India has a market of scale and is filled with possibilities, he stated. “Whoever moves fast will get the first-mover’s advantage,” he said.
Blackrock to re-enter India through JV with Jio Financial.
US Fed has hiked reference rates by 25 bps to 5.25-5.5% and also keeping doors open for one more hike if needed. It seems, it has peaked. They are just trying to scare away inflationary pressures, so that inflation keeps coming down. Commodity prices will remain weak. Euphoric valuations in any asset classes will get corrected.