Page 12 - Investment

HireQuotient bags investment from Flipkart co-founder Binny Bansal

This comes after the company raised $1.8 million in pre-series A funding last year from Sumant Sinha of ReNew Power, Mohan Lakhamraju of Great Learning, Sujeet Kumar of Udaan; and Kunal Shah of CRED

Sukoon Healthcare secures $15 mn from Lightrock for a majority stake

The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital. The Gurugram-based hospital in a statement on Wednesday claimed that the investment is the largest in the domestic mental health space so far and will help it create a large therapeutic behavioural health platform. Sukoon -- which delivers evidence-based, globally accredited care and treatment to mental patients -- said it will use the money to scale to multiple locations, expand specialist services and work with other providers. Various estimates put the number of people who suffer from mental health issues at around 200 million, and of them, at least 1 per cent require inpatient treatment. But, there is a severe shortage of specialists to provide care, with only around 10,000 psychiatrists and 1,000 clinical psychologists available in the country today. Founded by Vidit Bahri and Kanishk Gupta in February 2020,

Companies mostly beat large banks on FD returns, face competition from SFBs

However, corporate deposits are generally riskier than those offered by large bans; debt funds offer attractive returns in above 3-year tenure

SIP's share in MF AUM hit new high of 17% in October, shows data

But overall AUM has increased a mere 6%

ICICI Bank, Bajaj Finance see highest FPI inflows in July-September

Conversely, Reliance Industries and Tata Consultancy Services saw the maximum FPI outflows at Rs 44,622 crore and Rs 17,838 crore, respectively

Why active mutual funds do not beat the index

Active mutual funds on average (and net of fees) underperform the index because they have less inside information than promoters of companies

Huge investment coming to coastal region from global investors meet: Bommai

The state had garnered a little under 10 lakh crore rupees worth investments in the 3-day event held in the first week of November.

G20 presidency would be a big boost to investment in tourism: Kishan Reddy

Reddy said that Mizoram is a beautiful state with huge potential in adventure and eco-tourism and that ITM plans to facilitate interaction between government agencies and stakeholders.

Sebi penalises Global SNC, proprietor for unregistered advisory services

Sebi on Tuesday levied fines totalling Rs 6 lakh on Global Invest Consultant and Advisor/The Global SNC/The Global and its proprietor Rakesh Aashware for providing unauthorised investment advisory services. In addition, the regulator debarred them from the securities markets for a period of 3 years. The order came after Sebi received complaints and thereafter the regulator had conducted an examination into the activities of Global Invest Consultant and Advisor/The Global SNC/The Global and its sole proprietor Aashware (noticees). Pursuant to examination, the regulator issued a show-cause notice to noticees in June 2022 and found that they were engaged in investment advisory services without obtaining registration from Sebi in violation of IA (Investment Advisers) norms. It was also observed that the noticees have knowingly published false and misleading information through its website thereby defrauding the investors at large. The amount of money collected by the noticee was Rs 47

Blackstone launches platform to expand foray in Indian data centre segment

US private equity player Lumina CloudInfra's to add 600 megawatts of critical IT load

Instant food brand Yu raises Rs 20 cr funding for business expansion

Company says it will 'aggressively expand' presence in US, Africa and West Asia

Piramal-Bain's IndiaRF invests Rs 550 cr for majority stake in Impresario

Funds will be used by the company to fuel the further expansion of Impresario's business

Indian cities will need $840 bn investment over 15 years: World Bank

Municipal bonds account for a marginal share in debt financing, says the report

India' health sector got $1.5-billion investment so far this year

Investment activity in the health care space has not slowed down due to the Covid-19 pandemic

Venture Catalysts says it has funded 54 start-ups at over $50 mn valuation

Individual valuations of at least two dozen companies have crossed $100 million, says investment firm

Domestic investor holding in listed stocks hits new high, shows data

Their holdings rose to 24.03 per cent as on September 30 this year, up from 23.54 per cent at the end of the preceding quarter

Vee Technologies announces Rs 200 crore expansion plan in TN

The IT services firm's expansion plan in Tamil Nadu will create hundreds of new jobs

Global investment firm KKR invests $400 million in Serentica Renewables

Global investment firm KKR has inked a pact to invest USD 400 million in decarbonization platform Serentica Renewable. Both the entities have signed definitive agreements to this effect, under which KKR will invest USD 400 million in Serentica Renewable, a statement said on Tuesday. "This transaction is amongst the largest industrial decarbonization investments in India to date and carries forward the global decarbonization agenda which is centre stage at COP27 (2022 United Nations Climate Change Conference)," said Pratik Agarwal, Director of Serentica Renewables. Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive industrial customers. This includes providing renewable energy solutions through long-term Power Purchase Agreements and working closely with customers to design their paths to net-zero electricity. Currently, the company has entered into three long-term PPAs and is in the process of developing around 1,500 MW of solar and

VC firm Quona Capital announces close of its third fund at $332 mn

Company has invested in more than 17 start-ups in India, has almost 30% of its global team in country

New Tamil Nadu policy seeks Rs 75,000 cr investments in aerospace, defence

State targets 100,000 jobs in the sector as it seeks to be trillion-dollar economy by 2031