View: Saudi Aramco's true value is still a mystery
A more open Aramco can only be a good thing, but much will depend on whether it embraces transparency (despite the Kingdom of Saudi Arabia owning almost all of the stock). The IPO process invited a global discussion about Aramco’s true value.
Why this fund manager is betting against consumption
We are cautious on the consumer space, where we think valuations are stretched specifica...
Motilal Oswal Mutual Fund launches two large cap index funds
The mutual fund house has launched two index funds based on the most popular ind...
Windrose Capital leads $600,000 funding in Nivesh
Nivesh, is a platform aimed at marginal investors from Tier 2 and Tier 3 cities with limited or no access to formal public financial markets.
Equity MF investments plunge 78%, SIP inflows hit all-time high in Nov
Net inflows into equity mutual fund schemes tanked to Rs 1,311 crore in November.
Stay away from YES Bank till fund raising takes place: Gurmeet Chadha
There is news that YES Bank may deny Erwin Singh Braich’s offer. My sense is while the board recommended it, it is probably having a rethink on how it is going to work out with RBI. My advice to investors is to stay away from YES Bank till the fundraise actually happens. The frequent flip-flop is fast becoming a joke.
Ready for high-level panel to monitor long term irrigation fund use: FM
The long term irrigation fund was instituted under NABARD in 2016-17 under the 'Pradhan Mantri Krishi Sinchyee Yojana-Accelerated Irrigation Benefits Programme' that envisages bringing 76 lakh hectares under irrigation through 99 identified projects.
Fund-raising to boost Bharti Airtel's books: Analysts
Bharti Airtel’s application for permission to increase its foreign shareholding limit to 100 per cent is still pending with the government.
Godrej Fund Management to invest Rs 700 crore in Century’s commercial project
The proposed investment will be in a commercial project in north Bengaluru spread over 10 acres with a development potential of 2-3 mn sft. “The deal is in the final stage of closure and will mark GFM’s foray in the commercial market in Bengaluru,” said a person aware of the deal.
CarDekho raises $70 million in new funding round led by Ping An Global Voyager Fund
Sunley House Capital Management is the second new investor, while CarDekho’s existing backers, Sequoia Capital and Hillhouse also participated
Only 4 strategic sales out of 24 PSUs, CAG slams govt
The Comptroller and Auditor General (CAG) Rajiv Mehrishi presented a report in Parliament which revealed that out of the 24 staterun public sector undertakings approved by the Cabinet for strategic stake sale, only one HPCL-ONGC deal was finalised in 2017-18. The auditor slammed the government for using exchange traded fund route for the sale.
Aditya Birla Group won’t face fund or bid curbs if Vodafone Idea faces bankruptcy: Bankers
When a company faces insolvency proceedings, promoters are unable to raise funds for other businesses, and also they are not eligible to bid for any bankrupt business under Section 29A of the Bankruptcy Act. With effect from December 1, guarantors to any insolvent business too face bankruptcy proceedings.
SoftBank takes loss in sale of Wag, dog-walking startup
Wag’s troubles have been particularly pronounced. After its investment, the Vision Fund brought in Hilary Schneider, former chief executive of LifeLock, to lead an aggressive expansion. But it lost ground to Rover, its top competitor. Reports of lost dogs and internal struggles hurt business.
UP RERA asks developers to apply for stress fund
Central government has proposed Rs 25,000 crore stress fund out of which Government of India shall infuse up to Rs 10,000 crore and the rest shall be contributed by Banks, LIC and other sources.
DoT clears Rs 1,500 crore for BSNL, BBNL to pay dues to vendors
BSNL has already cleared more than Rs 300 crore to vendors and contractors on account of BharatNet-II, the person said on condition of anonymity. The two companies have also disbursed payable amounts to some circles including Uttar Pradesh (East) and Madhya Pradesh, the person said.
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