Page 4 - Funds

Hong Kong to tighten regulation of crypto after arrests linked to JPEX

Hong Kong's leader said on Tuesday that the territory will tighten regulation of digital assets after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in the city. The arrests on Monday followed an announcement by Hong Kong's securities watchdog last week that the exchange, JPEX, was unlicensed and did not have authority to operate its cryptocurrency trading platform in the city. The Securities and Futures Commission said it had received more than 1,400 complaints against JPEX involving more than 1 billion Hong Kong dollars (USD 127.9 million) in losses. The SFC also said some investors said complained of being unable to withdraw their virtual assets from JPEX accounts or of finding their balances were reduced and altered. The SFC and police were expected to release details on the case later Tuesday. Hong Kong's chief executive, John Lee, told reporters Tuesday that the government would step up efforts to educate investors and remi

Centre allotted Rs 862 cr: Thakur's swipe at HP govt over funds claim

Thakur also hit out at the ruling Congress government in the state for cribbing over funds crunch

UN food agency warns of 'doom loop' for world's hungriest as govts cut aid

The World Food Program warned Tuesday that humanitarian funding cuts by governments are forcing the U.N. agency to drastically cut food rations to the world's hungriest people, with each 1% cut in aid risking to push 400,000 people toward starvation. The agency said the more than 60% funding shortfall this year was the highest in WFP's 60-year history and marks the first time the Rome-based agency has seen contributions decline while needs rise. As a result, the WFP has been forced to cut rations in almost half its operations, including in hard-hit places like Afghanistan, Syria, Somalia and Haiti. In a statement, WFP warned that 24 million more people could slip into emergency hunger over the next year as a result. WFP's executive director, Cindy McCain, said with starvation at record levels, governments should be increasing assistance, not decreasing it. If we don't receive the support we need to avert further catastrophe, the world will undoubtedly see more conflict, more unrest

Multi-asset allocation fund: Invest for a diversified, low-risk portfolio

But steer clear of them if you desire complete control over asset allocation

Sebi announces new disclosure requirements for select offshore funds

The funds will have 10 days to lower their investment to below 50% to avoid the enhanced disclosures

Kids brand Aretto raises Rs 4.5 cr in funds, Hardik Pandya leads funding

Kids footwear brand Aretto has raised USD 550,000 (about Rs 4.5 crore) in a funding round led by cricketer Hardik Pandya, and investment banking firm Veromint Advisors. Other investors in the round included Bombay Shaving Company ex-chief marketing officer Raunak Munot, VegNonVeg co-founder and founder of Brewhouse Abhineet Singh, Aan group managing Director (MD) Shyam Raichura, VideoVerse Co-Founder Vinayak Shrivastav and Julius Baer MD Kunal Sumaya. The company -- founded in 2020 by Satyajit Mittal and Krutika Lal -- said it will use the funds to expand its market presence, team, research and development.

Inox Wind promoters infuse Rs 500 cr in company for repayment of debt

Wind energy solutions provider Inox Wind on Thursday said its promoter and promoter group entities have infused Rs 500 crore in the company for debt repayment. The funds were raised by way of equity share sale of Inox Wind by its promoter and promoter group entities through block deals on the stock exchanges, a regulatory filing said. The funds will be utilized for the repayment of IWL's existing debt, it added. "Inox Wind announced the infusion of Rs 500 crores (before taxes and other charges) by its promoter and promoter group entities," it said. This strategic move marks a significant milestone in Inox Wind's journey towards financial sustainability, it stressed. Kailash Tarachandani, the CEO of Inox Wind, said "the recent fundraising initiative led by IWL's promoters and the subsequent capital infusion significantly reinforces our financial strength and empowers us with enhanced flexibility for future growth endeavours." Inox Wind is a part of the USD five billion INOXGFL ...

CapitaLand launches SGD 525 million fund to invest in business parks

CapitaLand Investment Ltd on Thursday said it has launched an SGD 525 million fund to invest in premium business parks across major cities in India. In a statement, CapitaLand Investment Ltd (CLI) said it has "launched a business park development fund CapitaLand India Growth Fund 2 (CIGF2), with a target fund size of Singapore dollar 525 million to invest in Grade A business parks in prime locations across gateway cities in India." CLI has secured SGD 263 million (about Rs 16.3 billion) from a global institution for a 50 per cent stake in the fund's first closing. It intends to maintain a sponsor stake of 20 per cent in the fund, in line with its asset-light strategy to grow its funds under management (FUM). Including CLI's equity contribution for the 20 per cent stake, the total equity commitment for the first closing is Singapore dollar 368 million (about Rs 22.9 billion). This is expected to add approximately SGD 700 million to its FUM. The fund has already acquired an equity

CapitaLand launches new India fund, sees $520 million addition to total FUM

Additionally, the company said it had secured a S$263 million funding from a global institution for a 50% stake in the fund's first closing

Sebi plans to issue norms for dealing with unclaimed funds of clients

Markets regulator Sebi plans to come out with a detailed procedure for dealing with unclaimed funds of clients lying with the stock brokers, whereby such trading members will make attempts to find out the whereabouts of the investors for return of money. In case the end client is not traceable despite the efforts of the Trading Member (TM), the unclaimed funds would be transferred to investor protection funds of stock exchanges on a periodic basis, the Securities and Exchange Board of India (Sebi) said in its annual report for 2022-23. This will ensure that unclaimed funds of clients lying with the TMs are returned to the respective clients in a timely and efficient manner. "It is proposed to have a detailed procedure for treatment of unclaimed funds of clients lying with the TMs, in which the TMs shall make efforts to find out the whereabouts of the clients for return of such funds," Sebi said. In September 2022, Sebi directed all entities, which have listed non-convertible ...

Fund review: ICICI Pru Bluechip fund

Fund review: ICICI Pru Bluechip fund

Fund review: ICICI Pru Short Term Fund

Fund review: ICICI Pru Short Term Fund

Fund review: SBI Large & Midcap Fund

Fund review: SBI Large & Midcap Fund

CapFort Ventures launches Rs 200 cr fund, will back 40 tech start-ups

VC firm says it expects institutional investors, family offices, ultra high net worth individuals to support fund

Adani Green Energy weighs raising $1.5 bn to fund expansion, say reports

Adani Green Energy Ltd.'s board will discuss plans to raise funds from institutional investors on Thursday

No shortage of funds for startups with strong business models: Amitabh Kant

The innovation and startup ecosystem is strongly positioned to find solutions to challenges facing the world today, India's G20 Sherpa Amitabh Kant said on Monday, asserting there is no shortage of funds for good startups, with strong business models. Speaking at 'Startup20 Shikhar' event, he advocated a multi-pronged approach of 'fund of funds', credit enhancement schemes, and a sharp focus on good governance for a robust startup ecosystem. Indian startups have successfully demonstrated the power of population-scale solutions at low cost, he said. Kant said that there is no funding winter in startup space, and pointed to "spring" of capital availability for good startups. The world is flushed with funds looking for well-structured good projects, he pointed out. Kant spoke about the success of India's digital public infrastructure, biometric ID, digital payments, and the strength of its startup ecosystem, and added that the country has demonstrated the huge power of digital ...

Lenskart investor Epiq Capital's Fund II oversubscribed at $225 million

Venture capital firm Epic Capital on Wednesday said announced raising USD 225 million under its Fund II which would invest a major part of the proceeds in technology start-ups. The company is an investor in unicorns such as Lenskart, Pristyn Care, Cure.fit, Dailyhunt and Builder.ai. "Epiq Capital II has been oversubscribed at USD 225 million," Epiq Capital, Founder and Managing Partner, Rishi Navani said. Epiq Capital had set a target to raise USD 200 million for Fund II. It plans to invest a major portion of the Fund II in technology start-ups. The Fund II has marquee domestic and global investors including leading tech entrepreneurs, industrialists, sports & entertainment leaders, family offices, sovereign wealth funds and other institutions. Epiq Capital said that it will continue to invest in exceptional entrepreneurs targeting the large USD 5 trillion digital India opportunity in the next decade. "Most funds have 20-25 companies in their portfolio. We tend to have 8-10 ...

Arkam Ventures launches second fund with a target corpus of $180 mn

Through the fund, the firm will make investments in Series A and Series B start-ups, with a focus on emerging sectors like electric vehicles and manufacturing technology

Lenders considering forensic audit of Go First to check on funds

They want to be sure which entities used the loans granted by them to the airline: Sources

M3M director sent to ED custody for alleged diversion of investors' funds

The Enforcement Directorate (ED) on Friday confirmed that it has arrested Roop Kumar Bansal, promoter-director of real estate firm M3M Group, for alleged diversion of Rs 400 crore from the investors