Antique jewelry

Of the 24 new FIIs registered last month, 11 FIIs have seen taking the Mauritius route owing to the favourable tax regime.
Many India and Asia-Pacific focused funds that managed to raise their money before the market meltdown and were sitting on the fence for the market to cool off are also now turning to the Indian markets for investments.
The increasing number of FIIs getting registered with the Sebi is a good sign for the Indian markets. FIIs are always known to enter the markets at the lower levels and current levels are too tempting for them to miss.
Given the growth potential that India carries, it would certainly have an edge over other emerging markets and once the liquidity situation improves we might see a full-fledged participation by the FIIs, Mithun Banerjee, vice-president-quantitative Research, Antique Finance said.

By, Jigar Pathak

Brett A. Clark/The Daily Advance Members of the Tidewater Region of the Antique Automobile Club of America drive down McArthur Drive, Saturday.

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