investments News

OYO's European vacation home arm gets new investor on its Board of Directors

OYO's European vacation home arm gets new investor on its Board of Directors

New Delhi: Hospitality major OYO has brought investor Martin HP Soderstrom on the board of directors of its European business of OYO Vacation Homes (OVH) as a Non-Executive Director.In a statement, the company said that Martin will also be buying shares worth an undisclosed amount in the parent comp...

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Sterlite Power raises Rs 200 cr from Allianz Global Investor

Sterlite Power raises Rs 200 cr from Allianz Global Investor

New Delhi: Power transmission player Sterlite Power on Monday announced that it has raised Rs 200 crore in debt financing from Allianz Global Investors (Allianz GI) -- one of the world's leading investment managers with a focus on sustainable investments.This transaction is one of the first infrastr...

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Govt to give discount to investors using digital mode under gold bond scheme

Govt to give discount to investors using digital mode under gold bond scheme

New Delhi: The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode.As per a statement from the Finance Ministry, for investors using the digit mode for subscription, the issue price of gold bond will ...

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Udaan raises $280m in additional financing from existing and new investors

Udaan raises $280m in additional financing from existing and new investors

New Delhi: Udaan, Indias largest business-to-business (b2b) e-commerce platform, announced on Wednesday that it has raised $280 million in additional financing from its existing and new investors.The financing highlights the immense potential of the Indian b2b e-commerce market and market-fit of Uda...

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Savvy Infrastructure to invest Rs 700 cr more in GIFT City

Savvy Infrastructure to invest Rs 700 cr more in GIFT City

New Delhi: Savvy Infrastructure Pvt Ltd is set to invest Rs 700 crore more in GIFT City with the development of around five projects.The Gujarat International Finance Tec (GIFT) City has allotted 10 lakh square feet built up area to Savvy Infrastructure for development of commercial, residential and...

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Hindustan Media Ventures invests Rs 54 cr in OYO

Hindustan Media Ventures invests Rs 54 cr in OYO

New Delhi: Hopitality major OYO Hotels & Homes has raised Rs 54 crore from Hindustan Media Ventures Ltd.According to a filing with the Registrar of Companies (RoC), OYO has raised the capital as part of its series F1 funding round.With this investment, Hindustan Media Ventures subscribed to 125 ...

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Retail investors pump in $ 12bn as they go direct in stock market

Retail investors pump in $ 12bn as they go direct in stock market

New Delhi: Retail investors in India directly bought stocks to the tune of $ 12 billion over January-September as the post-Covid period has seen rising retail inflows similar to the global trend.According to a report by foreign brokerage, Jefferies, the post-Covid period in India, similar to the glo...

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Higher bank credit may not always lead to higher investment

Higher bank credit may not always lead to higher investment

Mumbai: Increase in credit from banks may not always lead to a rise in investments as largely anticipated, said an RBI working paper.The analysis shows that in the banking sector, partial monetary policy transmission happens with a lag. Further, banks respond to changes in money market spreads faste...

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Jack Ma's 'disappearance' may hit Indian firms in long run

Jack Ma's 'disappearance' may hit Indian firms in long run

New Delhi: Call it a double whammy. First, reports surfaced in August last year that China's Alibaba Group has put on hold plans to invest in Indian companies amid geopolitical tensions between the two nations. Now, the "disappearing" act by Alibaba founder and owner of fintech venture Ant Group, Ja...

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APY enrolments cross 52 lakh till now in FY21

APY enrolments cross 52 lakh till now in FY21

New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) on Monday said that more than 52 lakh new subscribers have been enrolled under Atal Pension Yojana (APY) during financial year 2020-21 so far.The total enrolments have crossed the 2.75 crore mark as of December 31, 2020.APY is ...

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