Page 12 - Investment

Stick to asset allocation during Covid 2.0

The advice to manage investments through appropriate allocation between debt, domestic equity, international equity, real estate and gold remains evergreen

Morgan Stanley India Infra invests $21 mn in connectivity solutions co iBus

iBus serves 4 mn customers in 10 cities. It currently deploys its infra at 233 commercial, residential and retail sites across the country

ChrysCapital invests $50 mn for minority stake in WOW Skin Science India

Founded in 2014 by brothers Manish and Karan Chowdhary, WOW Skin Science is one of India's fastest growing new-age beauty and personal care brands

Mohalla Tech, Gupshup become latest entrants to the unicorn club

Six firms, including these two, have been added to the club just this week

Mohalla Tech, parent company of ShareChat & Moj, raises $502 million

ShareChat will use the latest fund to expand in India and the US, and strengthen its artificial-intelligence powered recommendation engine, platform health and creator community

KKR completes $15 bn Asia fund, says it has 'tremendous potential'

The firm said in January it had completed its inaugural pan-regional infrastructure and real estate funds: the US$3.9 billion Asia Pacific Infrastructure Investors Fund and US$1.7 billion Asia Real Es

Carl Icahn's investment firm appoints former GE dealmaker as CEO

Icahn Enterprises has market capitalisation of more than $13 billion and investments in energy, metals and real estate, among others

Centre likely to offer an exit window to holders of cryptocurrencies

A group of secretaries discusses several contentions over cryptocurrency ban

Mutual funds turn net buyers, invest Rs 2,476 crore in equities in March

Mutual funds invested Rs 2,476 crore in equities in March, making it the first such infusion in 10 months, as consolidation in the market provided investment opportunities to fund managers

Category-III alternative investment funds beat Nifty returns in February

Long-only funds provided average returns of 8 per cent, while long-short funds returned 0.3 per cent, data from PMS Bazaar showed

Inflection Point Ventures bets big on analytics start-up Circus Social

The platform has rolled out an investment corpus of Rs 155 crore for 2021 across 60 plus start-ups

Gaja Capital to raise $400 mn for new fund, IFC planning to commit $25 mn

The fund is domiciled in India and will look to make equity investments in India

Piramal Capital & Housing Finance raises Rs 4,050 crore through NCDs

The company has raised over Rs 50,000 cr ore since Apr-2019, through several equity transactions leading to inflows of over Rs 18,000 cr

Fractional ownership is for deep-pocketed investors, say analysts

Most retail investors will be better off opting for a REIT

Industrialist Ratan Tata invests in Pritish Nandy Communications

Pritish Nandy Communications on Monday said veteran industrialist Ratan Tata has invested in the company

WoodenStreet to invest $5 mn on warehouse expansion; hire 300 people

Online furniture retailer WoodenStreet on Monday said it will invest around $5 million (over Rs 36 crore) and hire about 300 people as it looks to strengthen its supply chain and warehousing capacity

ArcelorMittal to invest over Rs 50,000 crore in Gujarat: CM Rupani

The world's leading steel and mining company ArcelorMittal will invest more than Rs 50,000 crore in Gujarat, Chief Minister Vijay Rupani said on Sunday

China's CIC eyes U.S. investment after fund with Goldman raised $2.5 bn

The fund was launched with the aim of reaping returns from helping the U.S. firms that it invests in to expand their market in China

Blackstone inks pacts for first phase of over Rs 9,000-crore deal

Realty firm Prestige Estates Projects on Tuesday said it has signed definitive agreements with global investment firm Blackstone to sell 12 assets/undertakings comprising completed office, retail and hotel properties in the first phase of Rs 9,160-crore deal. In November last year, the Bengaluru-based firm had signed term sheet to sell a large portfolio of completed as well as under-construction office, retail and hotel properties to Blackstone for an enterprise value of Rs 9,160 crore. The company will use the fund to retire its debt and future expansion. In a regulatory filing, Prestige Estates Projects informed that the company on Tuesday executed the asset specific agreements or definitive documents with 'BREP Acquirers' (Backstone entities) for sale of twelve assets/undertakings comprising of completed retail, office and hotel assets as Phase I of the proposed transaction. "Upon consummation of the transactions contemplated in the Definitive Documents, further intimation will

On an industrial upswing: Tamil Nadu's hunger to attract mega investment

The team was instrumental in getting up the New Industrial Policy 2021, unveiled last week, targeting investments of around Rs 10 trillion by 2025