Page 18 - Investors

SoftBank Group lines up Apple, Nvidia as strategic Arm IPO backers

The investors will put in amounts ranging from $25 million to $100 million, according to the people

ED arrests 2 directors of WB firm that duped investors through ponzi scheme

The Enforcement Directorate (ED) on Saturday said it has arrested two directors of a West Bengal-based company that allegedly ran a ponzi scheme and diverted Rs 1,786 crore worth of public funds. Prabir Kumar Chanda and Pranab Kumar Das, directors of MPS Greenery Developers Limited, were arrested on August 24 and a special Prevention of Money Laundering Act (PMLA) court in Kolkata sent them to ED custody till September 1, the central agency said in a statement. MPS Greenery Developers Limited raised funds of about Rs 2,682 crore during 1999-2000 to 2013-2014 from investors through various "fraudulent" income schemes, by issuing agro, orchard and teak bonds in violation of norms of banking regulator RBI and markets regular SEBI, it alleged. The company was controlled and managed by its CMD Pramatha Nath Manna, the two arrested directors and other associates. The ED alleged that the accused "diverted" public funds of Rs 1,786 crore to subsidiary and associate companies of MPS Greener

Groundbreaking or Maddening? Karma Points Measures Your 'Investor Karma'!

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'E-commerce policy in final stages; to be presented before top-level'

The proposed national e-commerce policy being formulated by the commerce and industry ministry is in the final stages and no new draft policy will be issued now for seeking views of stakeholders, a senior government official said. The Department for Promotion of Industry and Internal Trade (DPIIT) on August 2 held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy. In that meeting, a broad level of consensus emerged among the concerned stakeholders on the proposed policy. "Now no draft policy will come. That exercise is over now. We are just getting a final sign off, the official, who did not wish to be named, said, adding there will be a presentation of the proposed policy at the top level of the government. On data localisation, the official said that the e-commerce companies would have to follow the law of the land. Earlier the ministry had issued two draft national e-commerce policies. The 2019 draft proposed to

China or India? Where should investors put their money in coming Asia boom

Goldman Sachs Group Inc. analysts expect India's share of global equity market capitalisation to quadruple between now and 2075-reaching 12 per cent, when it will be neck and neck with China's

Investors in India see yet another year of high rates on price shock

Overnight-indexed swaps show that India's borrowing costs are likely to decline only in the second half of 2024, a shift from earlier when they were pricing in two reductions after the June meeting

Shah releases Rs 10k each to 112 investors stuck in Sahara's 4 cooperatives

Cooperation Minister Amit Shah on Friday started the process of returning hard earned money of crores of depositors of four cooperatives of Sahara Group by transferring the first tranche of Rs 10,000 each to 112 small investors. Shah said so far 18 lakh depositors have registered on the 'CRCS-Sahara Refund Portal', which was launched on July 18. "So far, 18 lakh investors have registered on the portal. ...Today, about Rs 10,000 each has been transferred into the bank account of 112 investors," he said after releasing the amount. Shah said the next tranche of funds will be transferred soon as the audit has been completed. "I want to assure and I am fully confident that all depositors will get their funds in the coming days," he said, congratulating the depositors. Shah further said many times such incidents happen that shake the trust in cooperation. However, it is responsibility of the government to ensure that investors' money is safe and returned to them. Sahara depositors were

PM Modi tells investors India wants to be 'trusted partner' for chipmaking

The investment bodes well for the event, which is the prime minister's latest attempt to attract investors into the chip industry after his initial bid to offer incentives floundered

Adani Group returns to loan market as investor confidence improves

The Indian group is in talks with Barclays Plc, Deutsche Bank AG and Standard Chartered Plc to borrow between $600 million and $750 million to refinance the debt taken on to finance its purchase

Rising markets fails to lift up new investor addition by mutual funds

MFs onboarded only 1.6 mn new unique investors in H1CY23

NSE cautions investors against assured returns scheme by 2 individuals

The National Stock Exchange of India (NSE) on Friday cautioned investors against putting their money in any assured returns scheme offered by two individuals. The two individuals are Ujjwal Priyadarshi, associated with Share Bazaar, and Neha, associated with Tradesure. They (Ujjwal and Neha) were providing securities markets tips for trading and assuring returns on investment in stock market and also offering to handle trading account of investors by asking them to share their credentials, the NSE said in two separate statements. According to the statements, these persons are not registered either as a member or authorised persons of any registered member of the bourse. Cautioning the investors, the exchange asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the same is prohibited by the law. The exchange has also provided a facility to investors of "Know/Locate your Stock Broker" on its webs

Tiger Global, other investors ask India to reconsider online gaming tax

Over 100 gaming firms wrote a letter to the finance ministry last week, with a similar request, saying the tax will stifle foreign investment and put $2.5 billion already invested in sector at risk

o9 Solutions raises $116 mn from existing investors; valuation at $3.7 bn

The investment follows a period of continued performance by o9, including 55% year-over-year growth in Annual Recurring Revenue (ARR) as of Q2'23, said the statement

Are Indian startups running short on funding? Startup | Funding Winter | Business News

According to a PwC report, in H1CY23, the Indian startup ecosystem received the lowest amount of funding in the last four years. >

More money coming to New American Cricket League, says Anurag Jain

The league kicked off its inaugural season last Thursday with the Texas Super Kings beating the Los Angeles Knight Riders in Dallas

Central agency needed to curb mis-selling menace

While new-age investors require protection from finfluencers, there's also a need for a centralised agency that transcends regulatory silos and provides redress to older investors

Street signs: Micro-caps feel pinch of curbs, Netweb GMP above 65% & more

The grey market premium (GMP) for Netweb Technologies, India's largest manufacturer of supercomputing systems, is hovering above 65%

Investors prefer small-cap mutual funds; net inflow Rs 11,000 cr in Q1FY24

Mutual funds focused on small-caps have emerged as the winner with a net inflow of close to Rs 11,000 crore in April-June quarter, as fund managers struggle to create alpha in the large-cap space, and the trend is expected to continue for some time. On the other hand, large-cap space, which is yet to pick up momentum, witnessed an outflow of Rs 3,360 crore during the quarter under review, data from the Association of Mutual Funds in India (Amfi) showed. Apart from the June quarter, small-cap funds logged an inflow of Rs 6,932 crore in three months that ended in March. "The strong rally witnessed in the mid and small-cap indices in the last few months, and the fact that it is becoming difficult to create alpha in the large-cap space can be the reasons for the huge inflows into smallcap funds" Himanshu Kohli, Co-founder, Client Associates, said. The huge inflows into these funds have made fund managers more cautious in their stock selection as the valuations have become stretched, he

Weak demand for SBI perpetual bonds as investors seek higher returns

Questions around the viability and pricing of perpetual bonds resurfaced after similar securities were written off as part of the rescue of Credit Suisse in March

Adani-Hindenburg case: Sebi defends rule change on offshore investors

The Supreme Court will hear the ongoing Adani-Hindenburg case on Tuesday. The regulator has until Aug. 14 to submit its report