investments News

Coming Soon, Railtel IPO: 3 important things to know

Coming Soon, Railtel IPO: 3 important things to know

Mumbai: RailTel, the state owned miniratna, has filed a Draft Red Herring prospectus with market regulator SEBI.ICICI Securities, IDBI Capital, SBI Capital Markets Ltd are merchant bankers to the issue.The IPO arrives after a cabinet approval for stake dilution of up to 25 percent as of December 201...

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Pichai commits $1 billion to help publishers create quality news

Pichai commits $1 billion to help publishers create quality news

San Francisco: Alphabet and Google CEO Sundar Pichai on Thursday announced its biggest $1 billion investment for the future of news in partnerships with news publishers that would pay them to create and curate high-quality content for quality online news experience.Pichai launched Google News Showca...

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Covid Impact: Sebi eases fundraising for REITs

Covid Impact: Sebi eases fundraising for REITs

Mumbai: The Securities and Exchange Board of India in a move announced on Monday has made it easier for investment trusts to raise money from capital markets.SEBI said that the decision was in line with the financial distress caused by the Coronavirus pandemic.According to the revised guidelines, RE...

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GMR divesting stake worth Rs 2,610 crore in Kakinada SEZ

GMR divesting stake worth Rs 2,610 crore in Kakinada SEZ

Kakinada/New Delhi: Infrastructure major GMR Infrastructure Limited (GIL) is divesting its entire 51 per cent stake in Kakinada Special Economic Zone (KSEZ), amounting up to Rs 2,610 crore to reduce indebtedness."GIL today announced signing of definitive agreements for the sale of equity owned by it...

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Primary issuances attract most FPI inflows, MFs turn to mid-caps

Primary issuances attract most FPI inflows, MFs turn to mid-caps

Mumbai: Inflow of foreign portfolio investments (FPI) surged last month with around $6 billion, or around Rs 47,000 crore, of net investments by overseas investors with a majority meant for primary issuances of shares.Around 63 per cent of net FPI flows last month were into primary issuances, accord...

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Pawan Munjal, Ajay Shriram invest in ShareChat to drive Moj app

Pawan Munjal, Ajay Shriram invest in ShareChat to drive Moj app

New Delhi: Leading homegrown social media platform ShareChat on Thursday announced it has closed a new funding round of $40 million that drew investment from Hero MotoCorp CEO Dr Pawan Munjal, DCM Shriram Chairman Ajay S Shriram and micro-blogging platform Twitter, among others.The new funds will be...

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Govt sweetens discom privatisation plan to attract investment

Govt sweetens discom privatisation plan to attract investment

New Delhi: The government has sweetened the deal to privatise state-owned power distributions operations in Union Territories as 100 per cent equity holding will be sold only in financially viable utilities while it will retain 26 per cent stake in weaker discoms expected to have continued need for ...

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Reliance Retail asset monetization picks up pace

Reliance Retail asset monetization picks up pace

New Delhi: Retail asset monetization is picking up pace as private equity firm KKR announced a Rs 55.5 billion ($ 0.75 billion) investment in Reliance Retail for a 1.28 per cent stake implying a pre-money equity value of $57 billion.According to a report by Morgan Stanley, the valuation is in line w...

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GirnarSoft commits to invest $20 mn in InsuranceDekho

GirnarSoft commits to invest $20 mn in InsuranceDekho

New Delhi: GirnarSoft on Tuesday announced to invest $20 million in its subsidiary, InsuranceDekho, an omni-channel insurance platform.The funds will be used to invest in branding and strengthening their tech, product and sales teams, InsuranceDekho said in a statement.InsuranceDekho sells insurance...

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FPIs can write-off shares of all firms they are unable to sell

FPIs can write-off shares of all firms they are unable to sell

Mumbai: The Securities and Exchange Board of India (SEBI) has permitted foreign portfolio investors (FPI) to write-off shares of all companies which they are unable to sell.Under the existing norms, write-off securities held by FPIs who wish to surrender their registration has been permitted only in...

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