Page 5 - Financial Investment
Sebi considering mandatory registration of PMS distributors with APMI
In its consultation paper, the regulator proposed making registration with APMI mandatory for PMS (Portfolio Manager Services) distributors
 "Sebi considering mandatory registration of PMS distributors with APMI")
Sebi mulls framework for FPIs to sell assets after expiry of registration
Currently, there is no provision to deal with securities lying frozen in the demat accounts of FPIs whose registration has expired
 "Sebi mulls framework for FPIs to sell assets after expiry of registration")
Sebi bats for higher flexibility in mutual funds, direct equity nominations
Proposes to give greater control to investors in terms of changes, additional inputs
 "Sebi bats for higher flexibility in mutual funds, direct equity nominations")
Sebi may allow AIFs to 'exclude' investors from certain investments
Proposal will help address concerns about evergreening of loans
 "Sebi may allow AIFs to 'exclude' investors from certain investments")
Clean energy: Govt, CEOs commit to triple investments in emerging economies
In recent years, emerging economies like China and India have demonstrated their ability to rapidly adopt and even lead in new energy technologies and value chains
 "Clean energy: Govt, CEOs commit to triple investments in emerging economies")
Africa's biggest insurer Sanlam banks on India as its home market reels
India's $3.4 trillion economy is expanding almost five times quicker than Sanlam's home market, with the World Bank forecasting 6.4% growth this year
 "Africa's biggest insurer Sanlam banks on India as its home market reels")
Sebi mulls liquidation flexibility for AIF, VCFs to deal with beyond tenure
The regulator proposed extending flexibility of the dissolution process to venture capital funds through migration to the AIF regime
Mahindra, Ontario Teachers' co-sponsor InvIT in renewable energy sector
Several global and Indian investors, including Asian Infrastructure Investment Bank (AIIB), subscribed to the offer
 "Mahindra, Ontario Teachers' co-sponsor InvIT in renewable energy sector")
India share of venture capital funding lowest in 5 years, shows data
While the data shows that the world had 71 new unicorns (21 in Asia), India contributed only two of them, as compared with CY22 when it had 22
 "India share of venture capital funding lowest in 5 years, shows data")
NSE chief asks investors to avoid pitfalls of high-risk derivatives
Last month, Sebi chairperson Madhabi Puri Buch stated that she was 'confused and surprised' at investor interest in Futures and Options despite 90 per cent of individuals losing money in the segment
 "NSE chief asks investors to avoid pitfalls of high-risk derivatives")
Inside the record year for India's $585 billion mutual funds industry
Equity funds have seen inflows for 33 straight months through November, with monthly recurring plans emerging as the most popular product among retail investors
 "Inside the record year for India's $585 billion mutual funds industry")
Gujarat Maritime Board attracts investment proposal of Rs 1.50 trillion
GMB, a state government agency for port development, inked more than 140 Investment Intention Forms (IIFs) and about 50 strategic partnership MoUs, he said
 "Gujarat Maritime Board attracts investment proposal of Rs 1.50 trillion")
RBI tightens norms to check evergreening of loans by lenders through AIFs
This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 months, the Reserve Bank of India (RBI) said
 "RBI tightens norms to check evergreening of loans by lenders through AIFs")
Govt to issue sovereign gold bonds tranche in December and February
The date for subscription for 2023-24 Series III is December 18-22, 2023, while for Series IV is scheduled for February 12-16, a finance ministry statement said
 "Govt to issue sovereign gold bonds tranche in December and February")
Indian Angel Network's Alpha Fund completes first close at Rs 355 crore
IAN Alpha Fund has a corpus of Rs 1,000 crore and is registered with Sebi under AIF Category II
 "Indian Angel Network's Alpha Fund completes first close at Rs 355 crore")
HSBC hires UBS's Gautam Anand for role serving India's rich diaspora
Gautam Anand was appointed Global Coordinator for Global India, the Middle East, North Africa and Europe from Dec. 1, according to an internal memo seen by Bloomberg News
 "HSBC hires UBS's Gautam Anand for role serving India's rich diaspora")
Global Dental Services raises $50 mn from Qatar Investment Authority
Founded in 2011 by Singh, the company currently operates 422 company-owned and managed dental clinics under the 'Clove Dental' banner, spread across 24 cities in 12 states
 "Global Dental Services raises $50 mn from Qatar Investment Authority")
Uttar Pradesh government eyes 10-12% share in India's pharma sector
UP has signed memorandums of understanding with more than 80 CSIR and DRDO labs for research and development on affordable drugs
 "Uttar Pradesh government eyes 10-12% share in India's pharma sector")
Fintech may be the worst hit as RBI comes down hard on unsecured credit
Fintech may be the worst hit as Mint Road comes down hard on unsecured credit in the system, reports Raghu Mohan
 "Fintech may be the worst hit as RBI comes down hard on unsecured credit")
Ranjan Pai invests $168 mn in Byju's Aakash to clear Davidson Kempner debt
Industry sources said that Pai of Manipal Group paid out Davidson Kempner in a bilateral debt transaction
 "Ranjan Pai invests $168 mn in Byju's Aakash to clear Davidson Kempner debt")