Page 20 - Investors

Angel Investor Arjun Nijhawan Empowers Striving Entrepreneurs To Achieve Their Goals.

.

Adani group to prepay $130 mn debt in order to boost investor confidence

Billionaire Gautam Adani's group on Tuesday said it will prepay USD 130 million of debt as it looks to boost investor confidence post being targeted by a US short-seller. Adani Ports and Special Economic Zone, the ports company of the Adani Group, had last month floated a tender to buy back as much as USD 130 million of its July 2024 bonds and similar amounts in each of the next four as it looked to regain investor confidence by showing that its liquidity position is comfortable. In a stock exchange filing, APSEZ said an aggregae principal amount of USD 412.7 million was validly tendered. "Since the principal amount of notes validly tendered and not validly withdrawn on or prior to the early tender date (of May 8) exceeded the maximum acceptance amount of USD 130 million in aggregate principal amount of the outstanding notes, the company will accept such notes for purchase subject to the proration factor of 34.2649 per cent," it said. Shares of Adani group companies pummelled after

HSBC Holdings' shareholders dismiss call for strategy, dividend switch

About a fifth of voting investors backed the call for HSBC to report regularly on the possibility of carving out its Asian unit, while 19.2% supported lifting its dividend to its pre-pandemic level

Growing dominance: Domestic investors now own a quarter of markets

The share stood at 25.72 per cent at the end of the March 2023 quarter, up from 24.44 per cent in the previous quarter, according to data from Prime Database

EV ride-hailing startup BluSmart Mobility raises $42 mn from BP, others

Investors include BP Ventures, the investment arm of energy giant BP Plc that holds 20% equity

Investors must take advantage of biz-friendly environment in J&K: LG Sinha

Underscoring the important role of private sector in the growth of Jammu and Kashmir, Lieutenant Governor Manoj Sinha on Sunday asked potential investors to take advantage of the business-friendly environment developed for the industries in the union territory. The LG said that two lakh MSME units have been registered in J&K since 2020 and 38,000 micro and small enterprises are run by women. "J&K is emerging as a vibrant, fastest growing and most attractive investment destination. Today, the world is recognizing the all-round transformation taking place in Jammu Kashmir. "Renowned companies from across the country and abroad are looking forward to investing here. I welcome Industry leaders to be part of this journey, Sinha said addressing the 'north zone MSME conclave & investors meet' organised by Laghu Udyog Bharati here. He said that industrial development in J&K aims to create a more inclusive, creative and sustainable society. "The UT will play an important role ..

Big tech earnings to offer reality check to investors over AI hype

Earnings misses on already revised-down estimates could threaten stock prices even as any guidance updates are scrutinized by the market

KKR sees India, South Korea as sweet spots amid realty crisis: Report

Real estate investment vehicles overseen by KKR and its rivals like Blackstone Inc. have come under pressure, with many investors requesting their money back

Gold ETFs inflow declines 74% to Rs 653 cr in FY23 on profit booking

Inflow in gold exchange-traded funds (ETFs) dropped 74 per cent year-on-year to Rs 653 crore in 2022-23, mainly due to profit booking in this asset class and investors' preference for equities. However, the asset base of gold ETFs and investors' account or folio numbers increased in the last fiscal, data from the Association of Mutual Funds in India (Amfi) showed. Most of the investors are still preferring equity-oriented mutual funds over the other asset, with the segment registering a net inflow of over Rs 2 lakh crore in FY23. Also, investors have redeemed their investments in gold in favour of other asset classes. According to data available from the Association of Mutual Funds in India (Amfi), 14-gold linked ETFs have seen an inflow of Rs 653 crore in the fiscal year that ended on March 31 this year. This was way below than Rs 2,541 crore inflow seen in the segment in 2021-22 and Rs 1,614 crore in 2019-20. Before that, gold ETFs witnessed outflows of Rs 412 crore in 2018-19, R

Investors put $538 billion into cash funds over eight week: BofA

BofA, citing EPFR data, said investors put $51.6 billion into money market funds in the week to Wednesday as the outsized flows continued

National Stock Exchange cautions investors against two individuals

The National Stock Exchange (NSE) on Wednesday cautioned investors against two individuals and asked them not put their money in any investment product offered by them. The two individuals are Archana Patel associated with Piramid Solution and Naga Rathnam associated with Wings2Trade. They were offering to handle trading account of investors by asking them to share their user ID and password, 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 NSE. Patel was providing guaranteed returns on investment in the stock market, the bourse said. Cautioning investors, NSE 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 law. "Participation in such prohibited schemes is at investors' own risk, cost and consequences as such schemes are neither approved n

Office mkt remains appealing for long-term investors seeking stable returns

Rentals may not, however, appreciate in the near term due to considerable supply in a muted demand environment

From Bandhan Bank to Ashok Leyland, stocks ripe for cherry-picking

With indices getting back on their feet, can stocks be far behind? Here is the list of 10 such stocks from BSE 100 with huge upside promise for investors willing to ride out any potential volatility

HSBC Holdings brushes aside Hong Kong investor's Asia spin-off proposal

The comment came as Ken Lui, an individual HSBC shareholder and leader of a Hong Kong-based investor group, called for the break up of the bank

Gold delivers positive returns eight years on the trot; at 16.1% in FY23

Analysts hope the recovery in the metal's prices will continue, but the movement of the dollar-rupee rate could limit the gains for Indian investors

US-based investors significantly cut market valuation of BYJU's, Swiggy

Swiggy reached a $10.7 billion valuation in a round led by Invesco in January last year

Allocate to US-focused funds despite shifting tax landscape: Experts

Capitalise on the geographical diversification and currency hedge they offer

10 cr investors of 4 Sahara group's cooperative societies to get back money

The government on Wednesday said money will be returned to 10 crore investors of 4 cooperative societies of Sahara group within 9 months following a Supreme Court order directing transfer of Rs 5,000 crore from Sahara-SEBI refund account to the Central Registrar. Earlier in the day, the Supreme Court allowed a plea by the Centre seeking allocation of Rs 5,000 crore, out of Rs 24,000 crore deposited by the Sahara group with market regulator Sebi, to repay depositors of the cooperative societies. The direction came on an application filed by the Centre in a PIL by a person, named Pinak Pani Mohanty, who sought a direction to pay the amount to the depositors who invested in several chit fund companies and Sahara credit firms. A bench of Justices M R Shah and C T Ravikumar said the amount shall be disbursed to depositors duped by the Sahara group of cooperative societies. The entire process will be monitored by former apex court judge Justice R Subhash Reddy, the bench said. In a ...

Deadline for nomination for MF, demat accounts extended till Sept 30

Stock brokers, AMCs directed to send regular communications to investors yet to comply

Govt may deal a tax blow to debt mutual funds; AMC stocks under pressure

If the proposed amendment to the Finance Bill gets cleared, investments across durations will be taxed as STCG