FIIs can invest under PIS: RBI

Tuesday, May 15, 2007, 20:19 [IST]

Mumbai, May 15 (UNI) The Reserve Bank of India (RBI) today notified that Foreign Institutional Investors (FIIs) can now purchase equity shares of K Sera Productions Ltd under Portfolio Investment Scheme (PIS) through stock exchanges in India.

The central bank has stated that the holdings of FIIs in the company have gone down below 24 per cent limit of its paid-up capital.

UNI

Topics: india, (rbi), notified, institutional, investors, (fiis), purchase, equity

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Visa for businessmen, investors in 24hrs: Saudi

Wednesday, January 31, 2007,11:51 [IST]

Dubai, Jan 31: Saudi Arabia has announced that businessmen and investors can now get visas to their country within 24 hours direct from its missions abroad.Saudi missions abroad have been instructed to issue business visas within 24 hours, on the basis of an application which does not need a Saudi sponsor, an official said.The only requirement is a letter from the local federation of chambers or an invitation from a Saudi chamber.People can apply for.....