Investments News

India sees VC investment fly through the roof during pandemic peak

India sees VC investment fly through the roof during pandemic peak

New Delhi: The second and more deadly wave of the Covid-19 pandemic seems to have provided no deterrent for investors as venture capital (VC) investment in the April-June period in India soared past the previous record high set in Q4 (October-December) of 2019.According to a KPMG report, the high le...

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Global investors pouring money into US financial assets

Global investors pouring money into US financial assets

New Delhi: Investors around the globe are pouring money into US financial assets, a sign of confidence that the world's largest economy remains poised to pull through the Covid-19 pandemic better than many others, the Wall Street Journal has reported.Investors world-wide have funnelled more than $90...

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Mature Indian investors scaling up exposure in ETFs in US markets

Mature Indian investors scaling up exposure in ETFs in US markets

New Delhi: Indian investors, especially millennials, are increasingly scaling up their participation in the US markets for portfolio diversification, the UK-headquartered financial services firm Winvesta has said in its latest report.The Winvesta Investor Pulse Report' June 2021 is based on aggregat...

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TN govt to sign MoU for Rs 17,000 Cr investment on Tuesday

TN govt to sign MoU for Rs 17,000 Cr investment on Tuesday

Chennai: The Tamil Nadu government will enter into a Memorandum of Understanding (MoU) with several companies at an investment conclave in Chennai on Tuesday attracting an investment of around Rs 17,000 crore.Chief Minister M.K. Stalin will lay the foundation stone ceremony of nine projects during t...

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Working to make TN first address for investments: Stalin

Working to make TN first address for investments: Stalin

Chennai: Tamil Nadu government is working towards making the state as the first address for industrial investments, Chief Minister M.K.Stalin.He also said the government is working towards the target of taking the state's gross domestic product to $1 lakh crore by 2030.Speaking at an investment conf...

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Trinamool welcomes Tatas to make big investments in Bengal

Trinamool welcomes Tatas to make big investments in Bengal

Kolkata: More than a decade after forcing them to shift their planned car factory from Singur, the Trinamool Congress government in West Bengal has welcomed the Tatas to make big investments in the state.The Trinamool's anti-land acquisition movement in Singur in Hooghly district had forced the Tata...

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Zomato IPO anchor portion subscribed

Zomato IPO anchor portion subscribed

New Delhi: The anchor investors portion in the public issue of Zomato Ltd has been subscribed on Tuesday at Rs 76 per equity share.The investors include New World Fund at 3.91 per cent, Tiger Global at 3.87 per cent, Fidelity Funds-India Focus Fund at 2.54 per cent, Baillie Gifford Pacific Fund at 2...

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VCFs in tax net as service rendered to investors liable to pay service tax

VCFs in tax net as service rendered to investors liable to pay service tax

New Delhi: Venture Capital Funds (VCFs), operating in the country, will have to pay service tax on gains they make on managing investors' money as an tribunal has rendered their operation akin to taxable service of banks and financial institutions.The Bengaluru bench of the Customs, Excise and Servi...

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Ahead of 44th AGM, here's some boost for RIL stocks

Ahead of 44th AGM, here's some boost for RIL stocks

Mumbai: Stocks of Reliance Industries Limited may get to see some action. That, at least until the 44th AGM scheduled on Thursday.On the weekend, analysts at Goldman Sachs reiterated a buy on the stock with a 9 percent upside. Analysts predict the stock to touch Rs 2,425 a piece citing an underappre...

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RBI comes up with scheme for retail investment into govt securities

RBI comes up with scheme for retail investment into govt securities

Mumbai: The Reserve Bank of India (RBI) on Monday issued the 'RBI Retail Direct' scheme to facilitate investment into government securities by individual investors.The scheme, to help retail investors or individuals open and maintain the 'Retail Direct Gilt Account' (RDG Account) with the central ba...

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