India is set to eliminate capital gains tax for foreign portfolio investors on government securities to boost overseas capital inflows. This move, approved via an ordinance, aims to counter economic impacts from the Iran war and address negative foreign portfolio flows and rupee depreciation. Further measures are anticipated to enhance market attractiveness for foreign investment.
Banks, power finance and infrastructure to lead next leg of market rally: Pankaj Pandey
India’s banking sector is poised for a rally, fueled by robust credit growth, easing deposit pressures, and stable asset quality, according to ICICI Securities’ Pankaj