Page 4 - Investors

Record domestic inflows counter FPI pullout, keep market afloat in 2022

Mutual funds' net equity investment in 2022 highest ever at Rs 1.8 trillion; domestic investors as a whole pump in Rs 2.74 trillion

Sebi asks exchanges to set up system shielding against broker's tech glitch

IRRA service will be enabled upon the request of stockbrokers facing glitches that disrupt trading

McLeod negotiates with investors to monetise assets, infuse fresh capital

As part of the restructuring with secured lenders, debt-laden McLeod Russel India Ltd is in the process of negotiating with "multiple investors" to monetise assets and infuse fresh capital, but these talks are still in the fluid stages and nothing has been finalised, an official with the bulk tea major said. The final third credit rating of the company, which was delayed due to the Covid pandemic, is likely to be submitted by January 10, the official said. The BM Khaitan family, the existing promoters of McLeod Russel, however, still remain hopeful of retaining the management control of the company that produces 73 million kg of tea from a few dozen of gardens mostly in Assam and also in Africa and Vietnam. "We are holding talks with several investors to monetise assets and infusion of fresh capital as part of the ongoing debt restructuring. Nothing has been finalised yet. Once finalised, the plan will be put before the board of directors and then we will be able to discuss the ...

Leading firms in oil-rich Gulf region propose to invest $6 billion in UP

The investment is expected to flow in multiple sectors, including energy, retail, real estate, and electric mobility

UP to hold roadshows across states to attract domestic investors for summit

The Uttar Pradesh government will hold roadshows in the states to attract domestic industrial groups for its Global Investors Summit to be held next year, according to an official release. The state government recently sent a group of ministers on a global tour to invite foreign investors for the summit and seek investment in the state. The release said that investment commitments of Rs 7.12 lakh crore, including of Rs 4 lakh crore from the UK and the US alone, have been received ahead the Global Investors Summit to be held in February next year. After the return of the group from global tour, Chief Minister Yogi Adityanth has directed holding road shows in different states of the country for inviting investors of the country, the release said on Friday. The chief minister reviewed the preparations for organizing the Global Investors Summit with the cabinet members and senior officials on Thursday. A new team should be formed for road shows to be held within the country. Independe

Multi-country roadshows get investment intents worth Rs 7.12 trn for UP

The Uttar Pradesh government has already pulled in investment intents worth Rs 7.12 trillion through the multi-country roadshows held between December 9 and December 19

Electric bus maker PMI looking to sell stake to strategic investor/PE fund

An independent financial advisor has valued the company at Rs 2,000-2500 crore

Indonesia starts implementation of Second-Home Visa to attract investors

Indonesia's Second-Home Visa allowing foreigners to stay in the Southeast Asian country for either five or 10 years began to take effect

Gold to shine amid global recession; soft landing could play spoilsport

But it will lose sheen if the world economy achieves a soft landing

Consolidation of PSBs gives a robust base to scale: Bankers at BFSI Summit

Have better underwriting, risk magt to manage high credit growth

KFin Technologies IPO subscribed 2.6 times on concluding day of issue

KFin Technologies first considered launching a Rs 2,400-crore IPO but reduced the issue size to Rs 1,500 crore to align with market conditions

Stocks, bonds fall as BOJ's surprise policy shift spooks investors

The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously

Sebi proposes major changes in investor grievance redressal mechanism

Along with making the process completely online, Sebi has suggested measures for reducing cost

Surprise corporate actions by Indian tech darlings spur scrutiny

While within the rules, experts not convinced by buyback move of fintech firms

NeoGrowth raises Rs 300 cr from Dutch lender FMO, existing investors

Small businesses-focused fintech player NeoGrowth has raised Rs 300 crore from Dutch entrepreneurial development bank FMO along with existing investors. Of the fresh equity capital, Rs 160 crore has been pumped in by the Dutch lender, NeoGrowth said in a statement on Thursday. The money will be used for on-lending and entering new markets, it added. NeoGrowth is also backed by Omidyar Network, Lightrock, Khosla Impact, Accion Frontier Inclusion FundQuona Capital, IIFL Seed Ventures Fund, WestBridge, and Leapfrog Investments. It has Rs 1,600 crore of assets under management and is connected with over 1.5 lakh MSMEs. So far, it has disbursed over USD 1 billion in loans, said MD & CEO Arun Nayyar. Peter Maila, co-chief investment officer at FMO, said NeoGrowth has been a debt client of FMO since 2017 and this is the first equity investment by FMO into the company. The equity allocation was not disclosed by the companies. NeoGrowth offers loans to first-time entrepreneurs, women ...

Beware of information paucity and liquidity risk in unlisted shares

Even seasoned investors should bet only 5-10% on such securities

Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan

The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds

Over a billion unclaimed shares in IEPF, shows Lok Sabha data

Less than 2% of such shares with IEPF make their way back to investors, shows data before Lok Sabha

BSE adds 10 million investors in 148 days to reach 120 million-mark

Leading stock exchange BSE on Tuesday said it has added 1 crore registered investor accounts to its platform in a span of 148 days, taking the total count to 12 crore. The exchange added one crore investors' accounts between July 18 and December 13, BSE said in a statement. In comparison, the exchange took 124, 91, 85 and 107 days for the previous milestones of 11 crore, 10 crore, 9 crore and 8 crore, respectively. "BSE crossed the milestone of 12 crore registered users based on Unique Client Code (UCC) on December 13, 2022," the exchange said. Of the 12 crore users, 42 per cent fall in the 30 to 40 age brackets, followed by 23 per cent in 20-30 years and 11 per cent in the 40-50 age bracket. In terms of states, Maharashtra leads in terms of investors with a share of 20 per cent of the total 12 crore investors. This was followed by Gujarat at 10 per cent, Uttar Pradesh at 9 per cent and Rajasthan and Tamil Nadu at 6 per cent each. The exchange did not specify how many of these ..

Sensex, Nifty end marginally lower ahead of US Fed's policy meet

Investors remained on the sidelines ahead of industrial production and retail inflation data scheduled to be announced after market hours, traders said