Page 7 - Funds

J&K govt suspends 13 officers for unauthorised withdrawal of funds

The Jammu and Kashmir government has suspended 13 officers for unauthorised withdrawal of developmental funds

BSE StAR MF signs MoU with GUMCCSL to deepen network for rural engagement

BSE StAR MF, India's largest mutual funds distributor platform, has signed a memorandum of understanding with Godavari Urban Multi State Credit Co-Op Society Ltd (GUMCCSL) at Nanded

IIM-A, BITS grads launch $1 mn fund to support & invest in student startups

Abhishek Sethi and Prateek Behera, graduates from IIM-A and BITS Pilani, respectively, have launched $1 million fund to support and invest in startups founded by college students

Shriram City Union Finance to infuse Rs 500 cr in Shriram Housing Fin

Mortgage financier Shriram Housing Finance (SHFL) Friday said its promoter Shriram City Union Finance will infuse Rs 500 crore in the company. Shriram City Union Finance (SCUF) has already invested Rs 200 crore and plans to infuse the remaining amount over the next two years, SHFL said on Friday. The board of Shriram City Union Finance has also approved an investment of up to Rs 500 crore into SHFL over the next two years, Rs 200 crore of which has been invested now, SHFL said in a release. The current infusion will increase SCUF's holding in SHFL to 81.16 per cent from the existing 77.25 per cent, it said. SHFL Managing Director and CEO Ravi Subramanian said the capital infusion will help the company expand its business and support growth plans for the next 12-15 months. We have had a great FY21 and with this capital at our disposal, we expect to ride out the second wave of the pandemic and come out stronger in FY2022, he said. With this investment, SHFL's net worth has increase

To generate alpha, investors should opt for factor-based funds: Experts

As they have a short history, take only a small exposure to these funds initially in your satellite portfolio

Laxmi Prasad: Air India bidder who tried to buy everything under the sun

Prasad is putting his financial muscle behind the employees' resolve to run the airline

India is the world's best market for portfolio disclosure, finds study

The report covering 26 markets across North America, Europe, Asia and Africa singled out Australia as a notable laggard

Abu Dhabi's Mubadala reviews equities fund in investment shake-up: Report

Mubadala Investment Co manages more than $230 billion in assets

PropShare Capital launches second distressed assets fund worth Rs 100 cr

Commercial real estate investment platform PropShare Capital on Friday launched its second distressed assets fund since the outbreak of the pandemic with a corpus of Rs 100 crore.

Ultra-rich US investors hoard cash as economy fears over Covid-19 grow

The economic hit from the pandemic has failed to put a halt to rising stock prices

Global companies raise most funds for the month of August in a decade

Companies have raised $65.5 billion through initial public offerings (IPOs) and high-yield bond issuances globally so far in August, the highest for that month in at least 10 years

Govt announces norms for contributions by individuals, institutions to NDRF

These contributions have been allowed as per Section 46(1)(b) of the Disaster Management Act, 2005

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

FinMin gives Rs 46,000 cr in April devolution as states fight coronavirus

Chief Ministers and state finance ministers have written to the centre seeking funds to deal with the pandemic.

Diversified global, US and Europe funds saw biggest outflow: Cameron Brandt

Foreign portfolio investors pulled out Rs 62,000 crore from Indian equities in March

HNIs curb flows to long-short AIFs as higher taxation pinches

Sebi data shows that commitments raised by category-III AIFs in September quarter were down 10% QoQ

Non-alcoholic beverage maker Svami raises Rs 7.5 cr from Rukam, others

The startup will use the funds to penetrate deeper into existing geographies and grow into newer cities of India, besides expanding the current product line

Top-rated companies tap into low money market rates as liquidity improves

Most highly rated companies are enjoying rate benefit of more than 150 basis points in their working capital raised from the market

Omidyar leads Rs 18 cr seed funding for education loan provider Credenc

The start-up intends to build up a loan book of $500 million over the next five years

With rivals circling, Netflix may to return to junk bond market for funds

Netflix will spend about $14.5 billion on programming this year, a total that includes licenses for reruns as well as original programs like Stranger Things and The Irishman