Homepage / Asia / Asia’s oldest stock exchange aims for 1,000 new listings as India reforms taxes
“gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler test Users535352253 Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review

Asia

Asia’s oldest stock exchange aims for 1,000 new listings as India reforms taxes

Asia’s oldest stock exchange BSE is aiming for one thousand new listings over the next four to five years as a rollout of the Goods and Services Tax (GST) on July 1 encourages more Indian companies to list their shares, Managing Director and CEO Ashishkumar Chauhan told CNBC.

“BSE already has 5500 listings, and India has more than a million plus companies. So a thousand for us is not a big number,” Chauhan told CNBC in an interview. “I would be disappointed if we don’t do a thousand.”

Chauhan’s upbeat view rests not just on the impact of GST, which aims to replace a thicket of state-level taxes with a unified rate across a series of goods and services, but also on other measures that government has rolled out in recent months, including India’s demonetization initiative and a push towards adoption of digital payments in Asia’s third-largest economy.

But the GST will be a game changer, he said, although some pain in the transitional period of about three to six months could not be avoided.

According to Chauhan, the GST will transform a greater part of India’s informal economy to a formal one, by connecting companies to a single tax framework.

That’ll spur companies with good business models to grow at a faster pace, and tap the exchange to raise more funds for further expansion, creating a virtuous cycle.

India is one of the best performing stock markets in Asia so far this year; both the 30-share BSE Sensex and 50-share NSE Nifty have gained over 15 percent since January.

BSE has been a big beneficiary. Its benchmark Sensex index crossed the 31,500-mark to hit a record intraday high last week, its positive momentum largely driven by plentiful domestic liquidity.

“India’s time in the sun has come,” said Chauhan, and those currently are not invested in the markets could well take a second look, especially with the lackluster gains in precious metals and real estate over the past few years.

“The stock market has given very good returns, and with the tremendous inflows, the IPOs (initial public offers) will come in,” he said.

According to Chauhan, foreigners own only 20 percent of the stocks listed on the BSE by value.

The big driver for BSE’s performance is still the huge influx of retail investors coming into the markets.

“India actually saves a lot. On a GDP of around $2.5 trillion dollars, India saves close to 30 percent, that’s $750 billion dollars a year. On a scale of 7 percent growth for the next 10 years, India will end up saving close to $10 trillion dollars,” he estimated.

Chauhan said new equity, bond and real estate investment trusts are largely being subscribed by Indian investors. “Foreign capital is also coming in but that’s like icing on the cake,” he said.

Source: cnbc china
Asia’s oldest stock exchange aims for 1,000 new listings as India reforms taxes

Comments are closed.