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New system for monitoring foreign investment limits in listed firms

RBI to disallow investment if there is non-compliance. The Reserve Bank, in consultation with Securities and Exchange Board of India (SEBI), has decided to put in place a new system for monitoring foreign investment limits. Necessary infrastructure and systems to kick-start the monitoring mechanism, according to RBI, will be made available by the depositories. All listed Indian companies are required to provide the specified data/information on foreign investment to the depositories. The requisite information should be furnished on or before May 15, the RBI said. The listed Indian companies in…

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Microsoft Lumia 650 Dual SIM Listed Online at Rs. 16,599

For everyone anxiously waiting for the release of a new Windows Phone, Microsoft appears set to soon begin selling the Lumia 650 in India. While the company’s official India store still lists it as ‘Coming Soon’, a third-party seller has listed the smartphone for sale at Rs. 16,599 via Amazon India. The Microsoft Lumia 650 was originally unveiled in February, when Microsoft said the smartphone strikes the “perfect balance between work and personal needs.” It is the most recent Lumia to be launched, and is among a handful of smartphones…

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iBall Andi 5.5H Weber 4G, Andi 5Q Gold 4G Get Listed on Company Site

iBall appears set to launch two new handsets in India, the Andi 5.5H Weber 4G and the Andi 5Q Gold 4G. Although the smartphones are listed on the company website with images and specifications, their prices have not yet been mentioned. According to the listing, the iBall Andi 5.5H Weber 4G supports dual-SIM dual-4G standby functionality and runs Android 5.1 Lollipop out of the box. It features a 5.5-inch HD (720×1280 pixels) IPS display with a pixel density of 267ppi. The handset is powered by a 64-bit quad-core processor clocked…

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