Large private sector banks in India are blocking Indian promoters’ plans to establish investment companies abroad due to concerns of sidestepping foreign currency regulations. Offshore entities can move significantly higher amounts compared to the liberalised remittance scheme, raising concerns of misuse for personal use.
Stocks to buy or sell today: Biocon, Voltas among 7 trading ideas
Indian market is expected to consolidate, mirroring mixed global signals, with Nifty futures closing negatively. Option data indicates a trading range between 24,600 and 25,600.
July 15, 2025