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The relative outperformance has propelled India’s share in global market cap to an all-time high of 3.5%, rebounding from a low of 2.05% on May 19, 2020, in the aftermath of the pandemic-triggered collapse in share prices.
The finance ministry has cleared a proposal to convert Vodafone Idea’s ₹16,130-crore worth of accrued interest on deferred adjusted gross revenue (AGR)-related dues into equity.
The Securities and Exchange Board of India (Sebi) is considering a proposal to allow private equity funds to own local asset management companies (AMCs), a move that will boost competition and mergers and acquisition activity in the space.
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