Public Funding

COP16: Funding for nature conservation stalls, eyes on pvt investment

At the COP16 negotiations in Cali, Colombia, countries failed to figure out how they would mobilise $200 billion annually in conservation funding by 2030

Rupee holds above lifetime low, supported by likely RBI intervention

That weighed on Asian currencies. But the rupee held its ground, supported by state-run banks' dollar sales, most likely on behalf of the RBI, traders said

PSU banks may get another 2-year extension to comply with Sebi's MPS norms

Public sector banks are expected to get another two-year extension to comply with Sebi's minimum public shareholding (MPS) norms, a top government official has said. Out of 12 public sector banks (PSBs), five are yet to comply with MPS norms and the government's holding is beyond 75 per cent. As per the Securities and Exchange Board of India (Sebi), all listed companies must maintain an MPS of 25 per cent. However, the regulator gave special forbearance to state-owned banks till August 2024 to meet the requirement of 25 per cent MPS. "We have written to the Department of Economic Affairs for the extension," Financial Services Secretary Vivek Joshi told PTI in an interview. Generally, he said, a two-year extension is given and hopefully it should come sooner than later. Five banks have minimum public shareholding of less than 25 per cent. Currently, government holding in Delhi-based Punjab & Sind Bank is 98.25 per cent. It is followed by Chennai-based Indian Overseas Bank at 96.3

Interim Budget 2024-25: Strategic thinking in public finance

We need to attain sustained small primary surpluses

JPMorgan adding Indian bonds will see public finances scrutinised

Foreign exchange reserves, which are higher than last year, and the credibility of the regulators will work in favor of the South Asian country, CIO SBI Funds said

Jungle Ventures-backed BetterPlace raises $40 mn in series C funding

The firm is a SaaS platform for frontline workforce management, with a user base of 1,100 large enterprises

New funding mechanism takes wing for HNIs bidding Rs 2-10 lakh in an IPO

Under the new mechanism, non-banking finance companies (NBFCs) are providing up to Rs 8 lakh on a margin amount of Rs 2 lakh for a flat fee of Rs 2,000, said industry sources.

Shark Tank: 13-yr-old girl's anti-ragging app gets Rs 50 lakh funding offer

The investors in Jolly's idea are Anupam Mittal, founder and CEO of People Group (Shaadi.com) and Aman Gupta, co-founder of boAt

SaaS Labs raises $42 mn in series B funding led by Sequoia Capital

The round also saw participation from prominent Silicon Valley angel investors such as Amit Agarwal, Allison Pickens, Anand Chandrasekaran, and Michael Stoppelman

French telecom billionaire Patrick Drahi weighs taking Sotheby's public

Drahi has held preliminary discussions with potential advisers about a US listing of Sotheby's

Truth about political funding

Without transparency, there can be no reform