Page 6 - Financial Investment

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

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

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

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

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

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

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

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

Bharat Housing Network raises Rs 125 crore in Series A led by Nabventures

Bharat Housing Network, backed by Homeville Consulting, operates on a hybrid capital model and off-balance sheet lending to drive its growth

Samvat 2080: Date, timing and importance and everything you need to know

Samvat 2080 signifies the start of the new Hindu year, and it can positively impact the Indian stock market. Muhurat trading details are important for investors during these hours

Crypto wallet app Okto announces $5 mn treasury fund for Vauld users

Okto said it has introduced a 2 per cent bonus for users who choose to transfer their assets from Vauld to Okto

Mixed show for AMCs in second quarter; limited scope for stock rally

From a stock performance perspective, analysts appear to be divided, with many anticipating only modest returns due to valuation concerns

WHO South-East Asia region to prioritise investment in primary healthcare

This is in line with the recent United Nations General Assembly Political Declaration on UHC and the G20 New Delhi Leaders Declaration on primary healthcare

Aequs raises Rs 448 cr in funding round led by Singapore's Amansa Capital

Aequs, which operates a precision manufacturing platform in aerospace and other verticals, will use the growth capital to launch a new Advanced Technology Products (ATP) vertical

Equity fundraise through rights issue spurts in 2023, shows data

Some of the large offerings this year have been PNB Housing Finance's Rs 2,500-crore rights issue in April followed by Capri Global Capital (Rs 1,440 crore), and Piramal Pharma (Rs 1,050 crore)

UP plans to attract pvt investment of more than Rs 1,000 crore in Toy Park

The Indian toy market is estimated to double to $3 billion by 2027-28, from $1.5 billion now

Listed global funds pour $1.3 bn into India's equity markets in September

The strong inflows from listed funds into the domestic markets come on the back of an increase in India's weightage

Weekly Treasury bills' yield rise as bank liquidity deficit nears Rs 1 trn

The Reserve Bank of India set the cut-off yield on 91-day, 182-day and 364-day T-bill at 6.93 per cent, 7.14 per cent and 7.16 per cent respectively

Vijay Shekhar Sharma launches AIF with target corpus of Rs 30 crore

Paytm Founder and CEO Vijay Shekhar Sharma on Monday announced the launch of VSS Investments Fund for his private investments, with a total target corpus of Rs 30 crore.

FPI selloff in Indian shares continues in first half of Oct: NSDL data

Equity mutual funds have seen inflows from domestic investors for 31 consecutive months, according to official data