Don’t miss the latest developments in business and finance.

Funds

ROADIS' India unit raises $316.3 mn via dollar-denominated bond issuance

ROADIS Group, a road investment platform, fully controls the Varanasi-Aurangabad highway

Updated On: 26 Feb 2025 | 6:35 PM IST

Oppn flags under-utilisation of funds, crime in Delhi at panel meet on MHA

Opposition members in the parliamentary standing committee on home affairs have questioned the under-utilisation of funds and the alleged high rate of crime against women and children in the national capital. Headed by BJP MP Radha Mohan Das Agrawal, the committee met on Thursday and Friday to examine the demands for grants for 2025-26 of the Ministry of Home Affairs (MHA). According to a source, MPs from the Trinamool Congress (TMC) raised in the meeting the issue of the Nirbhaya Fund being underutilised and said almost two-thirds of the fund had not been used. The MHA uses the Nirbhaya Fund to implement projects that make cities safer for women. The TMC MPs also said the government should give an explanation on the increase in the allocation for border infrastructure and management which has been allocated Rs 5,597.25 crore in this Budget, an increase of Rs 1,840.74 crore from Rs 3,756.51 crore allocated last year. They alleged that the Census activities were slow and the budgeta

Updated On: 21 Feb 2025 | 4:27 PM IST

PE firms tap platform model to build scalable biz, boost efficiency

One of the latest examples is Carlyle combining auto component manufacturers Roop Automotives and Highways Industries to build an auto parts platform

Updated On: 17 Feb 2025 | 10:52 PM IST

Ascertis Credit closes Rs 1k cr short-term income fund, exceeding target

The fund, part of Ascertis' new Income Fund Series, was launched in response to investor demand for a shorter-term investment vehicle with regular income distribution

Updated On: 29 Jan 2025 | 6:34 PM IST

J'khand chief secy urges expediting fund utilisation for capital investment

Jharkhand chief secretary Alka Tiwari on Friday instructed state departments to promptly submit utilisation certificates to the Centre for funds received under the Special Assistance to States for Capital Investment (SASCI) scheme. She said submitting the certificates on time would strengthen the state's claim to remaining funds and demonstrate its commitment to financial discipline. Tiwari was reviewing the scheme with the secretaries of the departments concerned. Notably, the Centre provides interest-free loans to states for 50 years under SASCI. For the financial year 2023-24, the state was allocated Rs 5,255.14 crore by the Centre, with Rs 4,580.62 crore already received, according to an official communique. For 2024-25 fiscal, the state has proposed Rs 4,302 crore, with Rs 2,763 crore approved and Rs 1,233 crore received so far. Additionally, the state is eligible for an extra Rs 1,250 crore under the scheme, the statement added. "If work is done according to the guidelines o

Updated On: 24 Jan 2025 | 5:29 PM IST

Nuvama-Cushman & Wakefield JV raises Rs 1,700 cr for Prime Offices Fund

First close completed for fund that will invest in commercial real estate, says companies

Updated On: 23 Jan 2025 | 1:26 PM IST

Flows in NRI deposits up 71% in April-November 2024, shows RBI data

Total outstanding NRI deposits stood at $162.7 billion

Updated On: 17 Jan 2025 | 9:57 PM IST

ABFRL board approves raising $500 mn through preferential issuance and QIP

Fundraise will deleverage company and help in its growth strategy, says fashion retailer

Updated On: 15 Jan 2025 | 11:41 PM IST

AIFs seek specific funds from govt for new-age, sunrise, deep-tech startups

Alternate investment funds (AIFs) have sought from the government specific funds for investments in new-age, sunrise and deep-tech startups with a view to promote innovation in the country, an official said. They have also urged the government to announce a fresh round of funds under the Fund of Funds for Startups (FFS) scheme. These demands were raised during a meeting between AIFs and the officials of the Department for Promotion of Industry and Internal Trade (DPIIT) here last week. The department held discussions with AIFs on ways to promote funding for startups in the country, the official said. "In the meeting AIFs demanded more funds under FFS. They demanded an increase in the duration of FFS from the existing 12 years," the official added. At present FFS is sector agnostic. The AIFs have suggested specific funds for the sunrise and new-age sectors. Issues like capital mobilisation and promoting funding for startups in smaller cities were also discussed during the meeting.

Updated On: 12 Jan 2025 | 1:33 PM IST

Private credit firm Neo Asset seeks to raise $700 million for second fund

The money manager plans to deploy the capital to support mid-sized companies in so-called special situations that include acquisition financing

Updated On: 09 Jan 2025 | 8:52 AM IST

What are arbitrage funds: All you need to know before investing?

Arbitrage funds use a system-driven approach with algorithms to swiftly identify and execute arbitrage opportunities, ensuring efficiency and eliminating the need for manual intervention

Updated On: 03 Jan 2025 | 6:18 PM IST

Indian firms raise record funds via corporate debt in 2024; to rise further

Indian firms raised Rs 10.67 trillion ($124.81 billion) through the sale of bonds till Dec. 27, a 9 per cent jump over 2023, data from information provider Prime Database showed

Updated On: 30 Dec 2024 | 1:34 PM IST

PM CARES Fund contributions fall to Rs 912 crore in FY23, lowest since 2020

The total voluntary contribution to the PM CARES Fund fell to Rs 912 crore in the fiscal year 2022-23, its lowest since the public charitable trust was created in March 2020 following the COVID-19 outbreak. A study of the audited statements on the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund website shows that the voluntary contribution peaked at Rs 7,184 crore in 2020-21 and then fell to Rs 1,938 crore in 2021-22, before declining further in 2022-23 as the Covid threat receded after 2021. The fiscal 2022-23 is the last year for which the statement is available on the website. Foreign contribution has seen a sharper decline, registering a high of Rs 495 crore in 2020-21, before falling to Rs 40 crore and Rs 2.57 crore in the next two years. The total expenditure in 2022-23 was around Rs 439 crore, with Rs 346 crore of it used by the "PM Cares for Children", a government initiative to support children who lost both of their parents, legal ..

Updated On: 28 Dec 2024 | 3:20 PM IST

Active largecap funds set to outperform for second consecutive year

More number of funds likely to beat the benchmark this year vis-a-vis 2023

Updated On: 25 Dec 2024 | 11:01 PM IST

State-owned REC raises Rs 2,195 crore via bonds of different maturities

Market participants said that the company did not raise the entire amount as the investors were demanding a higher coupon

Updated On: 18 Dec 2024 | 12:02 AM IST

Parliamentary panel criticises fisheries ministry for fund underutilisation

A Parliamentary panel on Tuesday criticised the fisheries ministry for under-utilisation of funds allocated in the Budget and asked it to address the issue. "...the reasons for under-utilisation continue to remain the same," the Standing Committee on Agriculture, Animal Husbandry and Food Processing said in its third report submitted to Parliament. The under-utilisation of funds continues even after more than three years of putting in place a new financial system by the Ministry of Finance, it said. The committee recommended the Department of Fisheries make "serious efforts" and "proactively liaise" with state governments and state fisheries departments to address this issue for positive results. The committee noted that targeted and effective implementation of the department's schemes becomes imperative for the socio-economic upliftment of the fishermen in general and traditional fishermen in particular. "It, therefore, becomes all the more necessary that the Budget allocation fo

Updated On: 17 Dec 2024 | 9:42 PM IST

Cloud-based testing platform LambdaTest gets $38 mn in Avataar-led funding

"KaneAI is more than a tool-it's a transformative approach to QA, empowering teams to test smarter and faster, with less manual effort," said Asad Khan

Updated On: 10 Dec 2024 | 5:00 PM IST

Stride Ventures rolls out $300 mn 4th fund as venture debt gains traction

Deployments exceeding Rs 100 crore include companies like BlueStone, Upstox, Moneyview, Ather, among others

Updated On: 10 Dec 2024 | 2:32 PM IST

World Bank gets $100 billion replenishment of fund for poorest countries

World Bank made the announcement today in Seoul at a pledging conference for the International Development Association, which provides grants and very low-interest loans to 78 low-income countries

Updated On: 06 Dec 2024 | 10:57 AM IST

Rs 38 crore disbursed for development of wildlife habitats in FY24

Andhra Pradesh is also the only coastal state that has not received any funds under the scheme over the past five years

Updated On: 03 Dec 2024 | 8:34 PM IST