Page 48 - Investment

Sebi to introduce ASBA-like facility for secondary mkt trading from Jan-Feb

To safeguard investors' money from misuse, an ASBA-like facility for trading in secondary markets will be available from January or February, Sebi chief Madhabi Puri Buch said on Friday. This Application Supported by Blocked Amount (ASBA)-like facility already available for the primary market, ensures that the investor's fund gets moved only when the allotment is completed. Now, the facility will be available for the secondary market from January or February, the Sebi chairperson said at the CII Global Economic Policy Forum here. The move could also help investors to save as much as Rs 3,500 crore annually, she added. Under the framework, funds will remain in the client's account but will be blocked in favour of the Clearing Corporation (CC) till the block mandate expires or till the block is released by the CC, or debit of the block towards obligations arising out of the trading activity of the client, whichever occurs first. Further, settlement for funds and securities will be d

All about property transfer, insurance ULIPs: Top personal finance stories

This week we explain the difference between a will and gift deed; next we analyse index funds of life insurers

CEA V. Anantha Nageswaran urges India Inc to step up investments

The CEA further said that the drivers of economic growth have to rebalance between consumption and investment, as usually the consumption has to be a residual in the growth cycle

Pvt investment to pick up from second half of FY24: CII President R Dinesh

'Headwinds are majorly all macro-economic and global issues. The larger challenge is the volatility'

Shark Tank 2 Winner Patilkaki.com Closes Pre-Series A Funding Round with Cap70 Angels, Bestvantage Investments

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Byju Raveendran said to have infused Rs 4,000 cr of own money in firm

'Rise and fight alongside me': Founder of beleaguered edtech company tells meeting of senior executives, says source

Gurugram Sector 37D: A Nexus of Connectivity and Investment Brilliance

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Warburg Pincus names Vishal Mahadevia as Asia private equity head

Mahadevia, a 17-year veteran of the firm, will remain as co-head of financial services, Warburg Pincus said in a statement

Advent International may sell majority stake in Bharat Serums & Vaccines

Global PE major in initial talks with Indian as well as foreign investors

Next year will be equally robust for IPOs: IIFL Securities' Nipun Goel

Goel says that the increased focus on profitability and reasonable pricing underpins demand for IPOs

Sharp decline in FDI into India from Cayman Islands, Cyprus during H12023

Foreign direct investment (FDI) into India from Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed. Similarly, inflows from Cyprus contracted by over 95 per cent to USD 35 million during the six-month period as against USD 764 million in April-September 2022-23. Experts have attributed the sharp fall in FDI from Cyprus and Cayman Islands to a hightened scrutiny of applications. Anjali Malhotra, Partner Regulatory, Nangia Andersen India said FDI inflows from other tax havens such as Singapore, and the UAE have also lost their sheen along with Cayman Islands and Cyprus during first half of 2023-24. "...the recent decline in investment from Cayman Islands and Cyprus may be attributed to enhanced scrutiny of these ...

40% wealth and pension funds prefer India over China, shows study

Almost 40% of investors chose India as the most attractive emerging market, while less than a quarter selected China in a survey

Foreign flows into Indian bonds hit 6-year high ahead of index inclusion

Foreign portfolio investors bought a net 127.2 billion rupees ($1.53 billion) of bonds in November, the highest since June 2017, data from Clearing Corp of India showed

Safe IPO investments, private jet boom: Top personal finance stories

Instead of getting carried away by hype, investors must do a rational assessment of these offerings to determine if they are better bet than sector peers already available in secondary market

Distributors flock to MFs as returns and flows improve, shows data

Industry onboards 11,600 distributors since April, over 2x FY23's

Karnataka attracts 62 investment projects worth over Rs 3,000 crore

The Karnataka government has approved 62 industrial investment proposals worth Rs 3,607.19 crore with an employment generation potential of 10,755 within the state. The proposals were cleared by the State Level Single Window Clearance Committee, headed by Large and Medium Industries and Infrastructure Development Minister M B Patil at a meeting here on Tuesday. Eight of them envisaged more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs, the minister's office said in a statement on Wednesday. Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories and Qualcomm India. Of the total 62 proposals, 51 investment projects are between Rs 15 crore and Rs 50 crore, totaling Rs 941.40 crore, promising employment generation potential of 4,395 within Karnataka, the statement said. Three projects with an additional investment of Rs 577.35 crore were

Fractional ownership of property as investment tool to get boost: Experts

Market regulator Sebi's decision to allow the setting up of small and medium REITs will help regulate and propel the growth of new-age investment avenue called fractional ownership of rent yielding real estate assets, according to industry players. Real estate technology platforms facilitating fractional ownership of rent-yielding properties welcomed the Sebi decision to regulate fractional ownership real estate market, which is still at a nascent stage in India. Proptech platforms such as YOURS, ALYF, hBits, and WiseX are helping investors in having fractional ownership of primarily office and luxury holiday homes assets. Real estate consultants like Square Yards and 360 Realtors have also entered into this space. On Saturday, the Sebi board approved amendments to REITs (Real Estate Investment Trusts) Regulations, 2014 in order to create a regulatory framework for the facilitation of Small and Medium REITs (SM REITs), with an asset value of at least Rs 50 crore vis-a-vis minimum .

In boost to local economy, four new industrial estates to come up in J&K

The Jammu and Kashmir administration on Saturday approved the setting up of four new industrial estates in the Union Territory to boost investment and promote local employment, according to an official spokesperson. Approval for the setting up of new industrial estates at Budhi in Kathua district, Medicity Jammu in Jammu district and Chandgam and Lelhar in Pulwama district was given by the Administrative Council (AC) that met under the chairmanship of Lt Governor Manoj Sinha here, the spokesperson said. He said the new industrial estates will be developed on 1,379 kanals of land with an investment of Rs 136.65 crore. Apart from attracting investments, the projects will provide a boost to local employment and are expected to generate over 11,497 private sector jobs, he said. As per the spokesperson, new industrial estates will be comprehensively developed in terms of infrastructure, such as internal road works, availability of electricity, centralised water distribution system, ...

Odisha CM approves 12 key projects with investment of Rs 84,918 crore

Odisha Chief Minister Naveen Patnaik has approved 12 key projects with a cumulative investment intent of Rs 84,918.75 crore. These projects will create employment opportunities for 42,281 people across various sectors, an official said. The investment proposals in apparel and textiles, green hydrogen and green ammonia, steel, power and renewable energy, chemical and petrochemical downstream sectors were approved at the High-Level Clearance Authority (HLCA) meeting chaired by the chief minister on Friday, the official said. These projects will be located across the state in the districts of Cuttack, Dhenkanal, Ganjam, Jajpur, Jharsuguda, Kendrapada, Malkangiri, Rayagada, Sambalpur and Sundargarh. In the apparel and textiles sector, Welspun Living Limited received the nod of the HLCA to establish an integrated textile and logistics facility at Choudwar in Cuttack district, with an investment of Rs 3,050 crore. The project has the potential to create employment for 20,210 people, an .

Narayana Murthy's Catamaran plans to invest in precision manufacturing cos

Infosys founder Narayana Murthy's venture capital firm Catamaran plans to expand its portfolio by investing in precision manufacturing startups, which can export and make components in deep tech, and automobiles, a senior company official has said. While speaking to PTI on the sidelines of the Digital Acceleration and Transformation Expo (DATE), Catamaran Chairman MD Ranganath on Friday said the valuation expectation in startups have come down in India compared to 2022, but good ideas with good business models will continue to attract investments. "Our current focus, in addition to services, is on precision manufacturing. Now, India is attracting a lot of manufacturing investments. We are trying to invest in those companies which can export and make components in deep tech, and automobiles," Ranganath said. Catamaran has invested in companies like SpaceX, deep-tech energy startup Log 9, B2B e-commerce firm udaan, edtech firm udemy, and fintech firm Acko, among others. "Overall, in