Saturday, August 29
Chinese firms are expanding in Vietnam, leading investment inflows and sending record shipments to Hanoi in defiance of U.S. calls for decoupling, as the Communist neighbours beef up ties. Recent steps that Hanoi had long resisted on security grounds include sensitive tech contracts for Chinese telecoms firms Huawei and ZTE; approval of Chinese loans for high-speed rail links; and Chinese-made COMAC planes cleared by regulators for a leading airline. Hanoi's overtures to Beijing may reflect its long-standing policy of balancing foreign ties after pledges made to Washington in trade talks, said Alexander Vuving of the Asia Pacific Center for Security Studies.But if the trend continues, Vietnam "may become a 'torn country' rather than a 'swing state'," he added, citing risks to Western relat
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India during digital verification.Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India during digital verification.The relaxation is aimed at making the re-KYC process smoother and more accessible for NRIs.In its circular, Sebi has decided to modify the existing provisions to ease re-KYC access for NRIs after receiving references from multiple stakeholders.Under this, the requirement of physical location of the client being in India during digital onboarding has been relaxed for undertaking re-KYC for existing clients, the re
Adani Green Energy witnessed a block deal worth Rs 2,778 crore on Wednesday, which was executed at Rs 970 per share. TotalEnergies Renewables sold about 2.86 crore shares, and the entire block was absorbed by a diverse set of institutional investors, mutual funds, family offices and high-net-worth buyers.Among the biggest buyers were Quant Mutual Fund, which picked up 1.23 crore shares, BNP Paribas Financial Markets with 15.49 lakh shares, Vanguard Emerging Markets Index Fund with 10.18 lakh shares and Edelweiss Mutual Fund with 10.30 lakh shares.Other notable participants included Amity Holdings, Cohesion MK Best Ideas Sub-Trust, Four Dimensions Securities, GeeCee Ventures, Authum Investment & Infrastructure, and several prominent family offices and individual investors.The deal signa
