"Even if markets have corrected a bit on account of some rumours, I would suggest you buy as markets are going to shoot up after June 4," said Shah
Over three million accounts added for fifth straight month
India is fast emerging as a big market for private credit activity, as global firms deploy billions, lured by the fastest-growing major economy
The investment will be made through KKR's Asian Fund IV, according to Monday's statement, which didn't disclose financial details
The $1.7 trillion global private credit market has become a serious rival to mainstream lending, attracting investors by offering higher rates of returns
Business Standard examines the S&P BSE 200 group of stocks in which the two investor categories have shown the most confidence
That compares to the pandemic peak of $13,559, at a time when shippers ordered new vessels in a move that later caused overcapacity, according to Stifel analyst Marc Zeck
Nepal Finance Minister Barsha Man Pun on Monday released a handbook for Indian investors keen on exploring more business opportunities in the Himalayan nation. Published by the Nepal India Chamber of Commerce and Industries (NICCI), the handbook released on the sidelines of the Nepal Investment Summit 2024 consists of insights into rules, regulations, taxation, investment climate, intellectual property rights, and investment procedures for prospective investors looking to engage with Nepal's market. According to the website of the Indian Embassy in Nepal, India is the largest source of investment into the Himalayan nation, accounting for more than 32 per cent of the total FDI stock of Nepal, which is worth nearly USD 520 million, as per NRB data until mid-2020. There are about 150 Indian ventures operating in Nepal engaged in manufacturing, services (banking, insurance, dry port, education and telecom), power sector and tourism industries. Indian companies and investments have playe
Smallcap funds added 360,000 folios in March, second-most among equity-scheme categories
The proposal was put forward by 19 international investors holding roughly 20 million TotalEnergies shares, together with Swiss pension fund investor group Ethos Foundation
Experts say while rate cuts remain on the table, their start is likely to be delayed
Overseas investors have sold nearly $2.2 billion worth of equities in the region's emerging markets in April, on a net basis, according to data compiled by Bloomberg that excludes China
Markets regulator Sebi on Monday said it will auction 22 properties of Rose Valley Group of companies on May 20 at a reserve price totalling Rs 8.6 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include flats and office spaces located in West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. The e-auction will be conducted on May 20 between 11 am and 1 pm. The total reserve price of these properties is pegged at Rs 8.6 crore, it added. The markets regulator said it has engaged Quikr Realty to assist it in the sale of the properties. A committee would oversee sale of the assets and the money will be utilized for repaying the investors. The committee was formed following an order passed by Calcutta High Court in May 2015. Going by the notice, the bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabili
Homegrown social media company ShareChat on Monday announced it has raised USD 49 million (about Rs 407 crore) by way of convertible debentures from existing investors Lightspeed, Temasek and Alkeon Capital, among others. The capital raise will help the company invest further in its ad targeting technology as well as in continuing the growth of consumer transactions business on ShareChat Live and Moj Live, according to a release. "ShareChat (Mohalla Tech Pvt Ltd)...today announced the closure of its USD 49 million funding round via convertible debentures led by existing investors Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures and HarbourVest, amongst others," the release said. ShareChat app is already operationally profitable, and short video app Moj is expected to achieve operational profitability over the next few months, it said. As the company marches towards profitability, it announced an organisation-wide ESOP bonus programme that will double the ESOP ownershi
Unique investor tally surges to 44.5 million as 6.8 million new investors come onboard
Investor appetite for bonds rated below AA has increased significantly and SDIs provide access to a pool of high-yield debt via a single investment, said Ajay Kejriwal, head of trading desk at Vivriti
Investors' funding in the edtech space is driving an unwarranted behaviour which is not good for the industry, Byju's Aakash Education Services Ltd (AESL) Managing Director and CEO Deepak Mehrotra has said. Speaking to PTI, Mehrotra also said that digital alone can't meet aspirations of medical and engineering students looking to get into premium institutions, and it is important to address requirement of new learners. "Investors' funding is very clearly driving behaviours which are not good for anyone, I only hope sanity prevails," said Mehrotra who was appointed AESL's CEO on Monday. He was replying to a query about the need for consolidation in the edtech and test preparatory space where there has been a lot of changes in the business models of several firms. During the edtech's growth stage, several brick-and-mortar test preparatory firms entered the online space, while online education firms added brick-and-mortar centres. Mehrotra said digital alone is not enough to address
The notices were served under Section 68 of the Income Tax Act. They have clubbed the investments made in the startups, along with the revenue, to calculate the tax, according to the sources
Fund has raised Rs 200 cr in commitments from investors, will focus on early-stage opportunities
After winning 2014 Lok Sabha elections and then again in 2019, the overwhelming theme of BJP clearly turned to all things Indian, ranging from "Make in India" to "Buy in India" and "Travel in India"