Page 2 - Global Investors

Cedar-IBSi Capital plans to fund 10-15 startups in fintech sector

Cedar-IBSi Capital on Saturday said it is looking to invest in 10-15 startups working in the banking and insurance technology segment to expand its footprint in the country. "The fund plans to build a portfolio of the companies, allocating a budget within the range of Rs 4-10 crore, with an intensified focus on financially strengthening 8 to 10 high-performing companies," it said. The fund has already gathered commitments in the range of Rs 50-75 crore from its Rs 240 crore early-stage fund launched in 2023, it added. "We are focusing on investing in startups which offer unique products and innovative tech to help improve efficiency at financial institutions. We have made our first investment in Cogniquest, an intelligent document processing tech company and are looking forward to announcing our second investment shortly," Sahil Anand, Founder and Managing Partner, Cedar-IBSi Capital, said. The business-to-consumer disruption has taken place in the last 5-8 years, but the software

Jabil signs MoU with Gujarat govt, to invest Rs 1,000 cr at Dholera unit

The Gujarat government on Thursday signed an MoU with a leading EMS company Jabil to set up its electronics manufacturing services (EMS) unit with Rs 1,000 crore investment in Dholera Special Investment Region (DSIR). The MoU was signed between Gujarat's Science and Technology Department and Jabil in presence of Chief Minister Bhupendra Patel, an official release said. The MoU, signed between the Gujarat Science and Technology Department and Jabil -- a global leader in engineering, manufacturing, and supply chain solutions -- outlines an investment of Rs 1,000 crore in the DSIR. The new unit of Jabil will focus on sectors, including networking, capital goods, automotive, and other allied industries, the release said. Jabil's new unit is expected to commence its operations in Dholera by 2027, and it is likely to create about 5,000 employment opportunities, it said. Jabil Operations Director B N Shukla, and Mission Director of the Gujarat State Electronics Mission (GSEM) Manish Gurv

Govt mulls measures to boost strategic foreign investment from 5-year lows

Policymakers are looking at the option of foreign investments through a mix of equity and debt, which aren't permitted currently, the sources said, noting that a final decision is still pending

Rs 40 trn investment proposals testimony to UP's progress: CM Yogi

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said the investment proposals worth Rs 40 lakh crore received during last year's Global Investors Summit bear testimony to the growing interest of investors from across the globe in the state. These proposals not only signify the state's progress but also narrate its transformative development journey, reflect the state's progress and tell the story of its development journey, he said while speaking at an event here. "Over the past seven years, Uttar Pradesh has seen major changes that have improved its reputation both in India and around the world. As a result, investors from across the globe are now drawn to invest in the state. Investment proposals Rs 40 lakh crore received during last year's Global Investors Summit bear testimony to the growing interest of investors from across the globe in the state," he said. He said earlier (before BJP came to power), the state was struggling with a damaged reputation. "The state was kn

KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food

Construction and infrastructure firm KBC Global has raised nearly Rs 100 crore from Falcone Peak Fund, Patanjali Food and Herbal Park and other investors, a statement said on Monday. The company raised around Rs 99.50 crore through an issue of 45.23 crore warrants on a preferential basis to investors, the company said. The company board has approved the issuance of warrants at a price of Rs 2.20 per warrant, it added. Out of the total issue, Falcone Peak Fund (CEIC) Ltd will be allotted 26 crore warrants for around Rs 57.2 crore. Patanjali Parivahan Pvt Ltd and Patanjali Food and Herbal Park will be allotted 4.55 crore warrants and Foresight Holding Pvt Ltd is expected to be allotted 2.28 crore warrants, the company said. Post issue of the warrants, the shareholding of Falcone Peak Fund (CEIC) Ltd in KBC Global Ltd is expected to be 8.48 per cent, Patanjali companies around 1.48 per cent and Foresight Holding Pvt Ltd around 1.04 per cent respectively. The warrants shall be converted

Prosus targets $400 mn e-commerce profit in 2025, more IPOs in India

Prosus, majority-owned by South Africa's Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India's biggest IPOs this year

Global investors pull money out of Indian sovereign bonds for second week

Global funds last week sold Rs 870 crore ($104 million) of the so-called Fully Accessible Route bonds

Shein likely to hold informal investor meet ahead of planned London IPO

Shein confidentially filed papers with Britain's markets regulator in early June, kicking off the process for a potential London listing by the company later in the year

Investors richer by Rs 110.57 trn so far in 2024 amid high rally in markets

Investors' wealth surged by a whopping Rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records. The market capitalisation of BSE-listed firms soared Rs 110,57,617.4 crore to Rs 4,74,86,463.65 crore (USD 5.67 trillion) so far this year. The market valuation of all listed firms at the BSE hit an all-time high of Rs 477.93 lakh crore on September 27. The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones. Analysts attributed the sharp rally in the markets to robust domestic liquidity along with strong fundamentals of the Indian economy. "One of the key highlights of this year is the robust domestic liquidity, driven by record inflows into the mutual fund industry," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Despite selling

Global investors call time on their exodus from China, ready to stake bets

China's factory activity shrank for a fifth straight month and the services sector slowed sharply in September, suggesting Beijing may need to move urgently to meet its 5 per cent 2024 growth target

REC witnesses hefty investor demand for rare corporate bond issue

The non-banking financial company raised Rs 5,000 crore ($596.7 million) through a deep-discount zero-coupon bond at a yield of 6.25 per cent

Provide credit enhancements for civic bodies: Sebi ED Rao to NaBFID

The National Bank for Financing Infrastructure and Development (NaBFID) should provide credit enhancements for civic bodies which will help increase investor interest in municipal bonds, a senior Sebi official said on Thursday. The municipal bodies have an investment grade rating, but very few of them are rated AA and above which is considered essential by institutional investors like insurance and pension funds, Sebi's executive director Pramod Rao said. "NaBFID providing credit enhancements to such municipalities will be able to ensure that we have strong investor interest which comes in," he said at an event on infrastructure finance here. He said only 100 of the 5,000 civic bodies are rated which leaves a "long tail" of bodies which can raise the money it helped with the credit enhancement. The government has notified NaBFID as a public financial institution. The senior official from the capital markets regulator also said that this will not be working in perpetuity for any ci

Investors demanded sustainability over rapid growth: GoMechanic's Kakkar

Car services and repair platform GoMechanic's investors sought customer-focused, sustainable growth over rapid growth that helped the troubled startup get back on its feet, Co-Founder Muskan Kakkar said on Wednesday. She was speaking about the brand's revival journey during a panel discussion at the 51st edition of the AIMA National Management Convention here. Founded in 2016, GoMechanic was on the verge of breakdown about a year-and-a-half ago after anomalies were found in its financial records. In March 2023, it was acquired by Servizzy, a subsidiary of the Lifelong Group. A customer-focused approach helped the "sinking ship" bounce back, Kakkar said. "Thanks to our investors -- Lifelong, Hero and Stride Ventures -- who trusted us by saying that they do not need exponential growth in the business, but a business which is more sustainable, a business which can stay there forever," she said. That's how the company has not been going for exponential growth, but is working to make

Investors want govt to sell more short tenor, green bonds, say bankers

The suggestions were made by market participants in a series of meetings about the government's borrowing plan for the second half of the fiscal year

Sebi modifies foreign venture investors' registration, eligibility criteria

Capital markets watchdog Sebi has notified rules to streamline the framework for the registration of Foreign Venture Capital Investors (FVCIs). Under this, the process of granting registration to FVCIs and processing other post-registration references has been delegated to designated depository participants (DDPs) in line with provisions prescribed for FPIs (Foreign Portfolio Investors). An applicant seeking registration as an FVCI is required to engage a DDP to avail of its services for obtaining a registration certificate as FVCI and at all times the DDP and the custodian of the FVCI shall be the same entity. At present, the processing of applications for granting registration to FVCIs and related due diligence is carried out by the Securities and Exchange Board of India (Sebi). "No person shall buy, sell or otherwise deal in securities as a foreign venture capital investor unless it has obtained a certificate granted by a designated depository participant on behalf of the Board

Our promise is to reform, you promise to perform: PM Modi tells India Inc

While people in most countries that went to polls this year voted for a change, Indians preferred continuity, political stability and economic growth, Prime Minister Narendra Modi said on Saturday, asserting that a new neo-middle class is driving the country's progress. Addressing the ET World Leaders Forum, Modi said the country is writing a unique success story, and the impact of its reforms is visible in the economy's performance. He said the world's prosperity lies in India's prosperity, adding that his government wanted more companies to become global brands and the country to become a leader in every sector. Addressing investors, he promised facilitation, reforms, a stable policy regime and high growth, and asked them, in turn, to promise innovation, performance, positive disruption and high-quality products. He described the unfolding third decade of this century as an era of the country's lift-off which will benefit everyone. Today's India is a land of opportunity, he ...

Sebi cautions investors against SME companies doing price manipulation

Amid certain SME companies resorting to share price manipulation by projecting an unrealistic picture of their operations, Sebi on Wednesday cautioned investors against putting their money in scrips of such firms. Sebi, in a statement, said it has come to its notice that post-listing, some of the SME companies or their promoters have been making public announcements that create a positive picture of their operations. Such announcements are followed by various corporate actions like bonus issues, stock splits and preferential allotments. The actions create a positive sentiment amongst investors, which induces them to purchase such securities. Simultaneously, this also presents an easy opportunity to the promoters to offload their holdings in such companies at elevated prices. "Sebi urges investors to be careful and watchful of the aforesaid patterns and exercise caution while investing in such securities. Further, investors are advised to not rely on unverified social media posts and

Nvidia stake trimmed by veteran tech investor Paul Wick on business risks

Nvidia trades at 43 times projected earnings over the next year, a richer valuation than all but one of its peers in the Philadelphia Semiconductor Index

Citigroup sees India's allure enticing global bond funds to stay put

India's debt yields are higher than China's or the US, and its economy is the fastest-growing among the Group of 20. There's little reason for active investors who've poured money in to reverse course

Global investors lift India's derivative holdings to record $101 bn

Foreign funds' open interest, or the number of contracts outstanding in value terms, reached 8.4 trillion rupees ($101 billion) on the National Stock Exchange Tuesday