Bosnia captain Edin Dzeko struck a hat-trick to kick-start their Euro 2016 qualifying campaign as they beat no-hopers Andorra 3-0 in a one-sided Group B match in Andorra La Vella on Saturday.
France produced a scintillating show as they put memories of one of the most painful moments in their soccer history to one side by crushing Bulgaria 4-1 in a World Cup Group A qualifier on Friday.
Among other major companies, Cox & Kings made a total investment of $39.95 million in four different WOS situated in Hong Kong, Singapore and the UK.
Jayshree P Upadhyay ' Mumbai September 9, 2014 Last Updated at 22:50 IST Top Stocks to Buy in 2014 8-10 Best Stocks for 2014 per month Highly Accurate Calls, Free Trial stockaxis.com/Stocks-to-buy-in-2014 Ads by Google 3 Add to My Page RELATED NEWS Foreign investor cap in bourses may be raised Sebi sets foreign portfolio investor limit of 10% per firm Sebi move on FPI regime grounded No clarity yet on FPI regime Jaimini Bhagwati: Correcting tax and disclosure anomalies Karbonn Titanium S5 Plus Be 1st to own latest Android phone with Dual SIM, 8 MP Camera & more!www.karbonnmobiles.com/S5_Plus 1Cr Life Cover @ Rs 543* Compare Premium of 46 Insurers Buy Online and save upto 55%www.policybazaar.com/TermInsur_Rate Ads by Google In a move that could increase the stake of foreign investors in Indian stock exchanges, the government is considering a threefold increase in the single-investor investment ceiling. Currently,a foreign portfolio investor (FPI) investment in an exchange is capped at five per cent. The finance ministry has written to the regulatory authorities to increase the ceiling to 15 per cent, said sources. The proposal is said to have in-principle approval from the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI). The move would bring the FPI investment limit in line with those for financial institutions such as insurance companies and banks. NEW POLICY IN THE WORKS Single foreign investor limit in exchanges to be revised from 5% to 15% Sebi and RBI have given in-principle approval to the proposal Government to amend foreign investment policy BSE has 8 foreign shareholders holding 31% stake NSE has close to 20 foreign shareholders holding 36% stake The government allowed the foreign investors to invest in stock exchanges in 2006, with an overall cap of 49 per cent. This latter cap is likely to be unchanged. BSE and the National Stock Exchange (NSE), the two large nationwide bourses, are likely to benefit from the increase in limits. BSE has eight foreign investors, which cumulatively own about 31 per cent in it. The shareholding of Deutsche Boerse Group and Singapore Exchange Ltd are a little below the five per cent ceiling. NSE has about 20 foreign shareholders, holding around 36 per cent. Cyprus' Gagil and Goldman Sachs own five per cent each; Citi Group has around two per cent. "The finance ministry has received representations stating that the present limit of five per cent is a deterrent in attracting long-term anchor and strategic foreign investors in stock exchanges. Following which, the ministry has sought comments from both Sebi and RBI," said a person privy to the matter. A higher foreign investor limit will not only encourage more investment in Indian bourses but help in exchange of technology and products, said exchange officials. "A five per cent limit on the shareholding of any single investor or investor group is too small to encourage them to take sufficient interest in growth of the exchange," said an official associated with one, asking not to be named. The regulator and the government are also mulling a change in the shareholding of clearing corporations, which could also see individual foreign investors' cap being increased to 15 per cent. Some sections of the market believe that allowing a single FPI to own 15 per cent in a exchange could be detrimental to having a diversified shareholding. The Bimal Jalan committee, in the previous review of ownership and governance of stock exchanges in 2010, had debated whether there was a need to revise the cap. It was in favour of having an anchor investor, such as a bank or financial institution, which would own up to 24 per cent. Read more on: Fpi ' Sebi ' Rbi ' Nse ' Foreign Investor ' Singapore Exchange ' Finance Ministry Read More Investors vie for shares of stock exchanges Pick-up in sentiment, volumes boost bourses' unlisted shares HDFC Life Click2Protect+ Get Lump Sum + Monthly Income Benefit* @ Affordable Rate. Buy Now hdfclife.com/Click2ProtectPlus Retirement Calculator Plan Your Retirement Online in 2Min Calculate & Compare Premium Here! policybazaar.com/Retirement Ads by Google Advertisements Get a freedom to choose your own plan. Click here to know more... Data transforming the match-making business. click here Open a free Trading & Demat A/c with Sharekhan Leadership and Corporate Accountability-India. Click here Great fares to Europe from INR 54,000* Amsterdam. Click here Start Investing with the best Broker in india Important Facts about Infant Hearing Screening Gifting Solutions. Make easy & perfect! Find out what converged solutions can do for you. Smart Cloud Virtualized Server Recovery. Learn more. The perfect drive the perfect style. Book a test drive 3 Add to My Page Back to Top Quick Links Go LATEST NEWSAll NewsIn this section Ebola threatening Liberia's existence, minister warns IS threatens to assassinate Twitter employees Motherson Sumi, Eicher Motors, TVS Motor gain inclusion in F&O segment ABG, Bharati Shipyard rallies on hopes of government sops Pre-market: Five stocks to watch out for in trade today US manufacturing industry pushes India for free trade Dollar gains on Fed outlook, hurts shares Wall St ends lower as Apple shares fall post launch Ukraine ceasefire 'mostly holding': US Flipkart launches third private label Citron News you can use Rss icon Errors to avoid when filing returns What is Gratuity? What are NEFT and RTGS? Check your Income Tax Credit credit status form-26AS online Saving capital gain tax on sale of property Calculate tax on your house property income How to Check your EPF Balance & status online Featured Videos iPhone killers? The biggest threats to Apple's dominance video Jaguar takes the battle to BMW video The 5 biggest IPOs in U.S. history video Here is the next-gen spy plane... a blimp video MOST POPULARReadSharedCommented Supreme Court reserves order on coal block allocations Apple launches Watch, two iPhones & Apple Pay Guj rains: Hundreds evacuated in Vadodara, Army on stand-by Neel Mukherjee's book in Man Booker shortlist Mumbai airport keeps airlines guessing on Airbus A380 parking bay Market News A fourth of mutual fund equity assets concentrated in 10 stocks ICICI Bank, HDFC Bank, Infosys, SBI and L&T among fund managers' preferred bets Den Networks: Investing in new growth avenues Its tie-up with Snapdeal to launch a shopping TV channel looks like a win-win deal Sensex, Nifty retreat from record highs on profit taking The BSE Sensex and Nifty fell on Tuesday from their record highs in the previous session as investors chose to book profits in recent ... High agri imports under govt lens Dept of commerce seeks ideas to curb import dependence for supply of commodities, writes to sector bodies MCX hopes FTIL stake sale will conclude by month-end The exchange's clarification came in the wake of FMC rejecting its demand to allow approvals for contracts for the March quarter of 2015.
European champions Real Madrid will face former champions Liverpool, FC Basel and debutants Ludogorets of Bulgaria following the draw for the group stage of the Champions league on Thursday.
Rafael Nadal easily avoided the embarrassment of a back-to-back first round exits at the Australian Open on Tuesday, ramping up his serve and rattling off 39 winners to beat Florian Mayer 6-3, 6-4, 6-1 on Rod Laver Arena.
A year ago, Greece's bankers thought they were on the cusp of a new era.
The medal table of the 2014 Commonwealth Games in Glasgow.
Vikas Gowda gave its first athletics gold medal of the 20th Commonwealth Games by winning the men's discuss throw on Thursday.
Rediff.com, present to you a dummy's guide to the historic vote that could shape British-EU ties for generations.
As Chelsea and Bayern Munich prepare to battle for honours in the final, here's a look at some memorable moments in this year's Champions League.
Closing banks and restricting the flow of capital can build pressure for a solution as finances get squeezed.
In a major development in the fight against black money, multilateral grouping OECD today unveiled a 'single global standard' for automatic exchange of financial account information by various countries including India and Switzerland.
North West India is what the ISIS is aiming at in its map of the caliphate. However, many Indian Muslims feel that the jihadists are making a mockery out of Islam. Vicky Nanjappa reports.
Marcos Baghdatis subdued world number 16 Kevin Anderson in the crucial men's singles as Pune Marathas lifted the inaugural Champions Tennis League (CTL) trophy with a 27-23 victory over Delhi Dreams in the final on Wednesday.
Lionel Messi set a new Champions League scoring record with a hat-trick and Luis Suarez netted his first in Barcelona colours as the Spaniards comprehensively beat APOEL Nicosia 4-0 in the Champions League on Tuesday.
Foreign Direct Investment inflows from Mauritius have almost halved during April-January period of last fiscal to $4.11 billion on fears of impact of GAAR and possible re-negotiation of the tax avoidance treaty.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
The Miss Universe 2011 pageant is fast approaching on September 12. In a countdown to D-Day, we'll be introducing you to all 89 contestants from around the world.
Construction major Larsen & Toubro invested $160.80 million in its wholly owned unit in the United Arab Emirates for business in financial services.
Over 6,000 Indians are currently languishing in foreign jails with maximum of 1,400 being lodged in Saudi Arabia, for range of crimes like violation of visa rules, overstay, illegal entry and robbery.
An industry source said Reliance Industries did not have a controlling stake in Yatra.com through its acquisition of Network 18. It was just a financial investment.
Non-payment of players is still a significant problem in football and not enough is being done about it, the international union FIFPro said on Thursday.
Let's take a look at 11 countries that have been bailed out by banks.
The local currency had lost 16 paise to close at 54.17 on Monday due to fresh dollar demand from importers and some banks.
Defender Giorgio Chiellini scored three times, including an own goal, as Italy beat Azerbaijan 2-1 in their Euro 2016 Group H qualifier in Palermo on Friday.
Roger Federer glided to victory on another hot, steamy day at the US Open, the envy of a clutch of men's players made to work overtime on Tuesday at the season's final Grand Slam.
Deepak Sandhu, who has been an information commissioner for the last four years at the Centre, on Thursday became the first woman Chief Information Commissioner of the country.
Now boxer Manoj Kumar, a World Championships quarter-finalist, also a two-time Asian Championships bronze-medallist is seeking an appointment with Sports Minister Jitendra Singh, saying he was ignored for the Arjuna despite fine performances.
Neymar's hat-trick lit up a powerful Brazil performance as the 32 nations taking part in this year's World Cup tested out their squads on a busy night of friendlies on Wednesday which also brought victories for Spain, Germany and France.
Switzerland struck twice in quick succession to stun Euro 2016 champions Portugal 2-0 in a World Cup qualifier on Tuesday and hand them a first competitive defeat in two years under coach Fernando Santos.
Jonathan Soriano scored an incredible goal from near the halfway line to complete a stunning 3-0 win for Salzburg away to once-mighty Ajax Amsterdam in the Europa League round of 32 on Thursday.
Fifth seed Maria Sharapova averted an early exit on a sweltering day in Flushing Meadows. Updates from Wednesday's play.
China continued to put up dominating performances in the pool, this time taking gold in women's 10 metre synchronized diving on Tuesday. Slovenian Judoka Tina Trstenjak became her country's second Olympic champion in the sport.
Bantamweight boxer Shiva Thapa put up an impressive show against Chinese Taipei's Li Lin Yen to book his place in the quarter-finals of the Asian Championships in Amman, Jordan on Friday.
Commonwealth Games gold-medallist Manoj Kumar (64kg) gave India a perfect start at the Asian Boxing Championships in Amman, Jordan by thrashing local favourite Ibrahim Saleh in the opening round.
The government on Tuesday accused Emaar MGF Land Ltd, a joint venture between Dubai's Emaar Properties PJSC and India's MGF Development Ltd, of violating foreign exchange rules over investments of Rs 86 billion ($1.51 billion).
The IMF dashed any hope that Athens could avert default.
The British soldier murdered on the streets of London by two suspected Islamists had fought the Taliban in Afghanistan.
The suspended Indian Boxing Federation has infuriated the International Boxing Association (AIBA) yet again and it is the pugilists who are paying the price for their refusal to act according to the world body's diktat.
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