Sovereign Funds

FM Nirmala Sitharaman calls for deeper dialogue on global sovereign debt

At roundtable in Washington DC, she cautions against contingency financing instruments

RBI allows foreign investors in IFSC to invest in sovereign green bonds

The Reserve Bank on Thursday introduced a scheme to permit foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds to facilitate wider non-resident participation in such instruments. The government issued sovereign green bonds (SGrBs) in January 2023. SGrBs were also issued as part of the government borrowing calendar in FY2023-24. At present, foreign portfolio investors (FPIs) registered with Sebi are permitted to invest in SGrBs under the different routes available for investment by FPIs in government securities. Earlier in April, the Reserve Bank announced the plan -- Scheme for Trading and Settlement of Sovereign Green Bonds in the International Financial Services Centre in India -- to facilitate wider non-resident participation in SGrBs. On Thursday, the RBI issued a circular permitting eligible foreign investors in the International Financial Services Centre (IFSC) to invest in such bonds. "The scheme shall apply to investm

Govt seeks exemption for sovereign funds from RBI's AIF rules: Official

The rules, tightened to prevent evergreening of loans, were partially eased later in March

Adani group in talks with sovereign funds to raise up to $2.6 billion

Group plans to fund airport expansion, green hydrogen biz

Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job

The board of the National Investment & Infrastructure Fund has recommended Aggarwal for the role of Chief Executive Officer, the people said, asking not to be identified as the information is private

Norway's $1.4 trillion sovereign wealth fund posts $34 billion loss in Q3

The fund's return on investment was minus 2.1% for the July-September period, 0.17 percentage points stronger than the return on its benchmark index

Reliance Retail in talks to raise $1.5 billion from existing investors

The talks are a part of the company's internal target to raise $3.5 billion by the end of September this year

Sovereign in AI: Why India must have its say in emerging technology

Sovereign development of the technology can be used for solving socioeconomic issues

Goldman Sachs invested in seven companies using Chinese state funds

Despite deteriorating relations between the US and China, Goldman Sachs has intensified its investment activities through this fund

Qatar sovereign fund in talks for minority stake in Reliance Retail

RRVL valued at $100 bn by JM Financial; Reliance group looking to unlock potential of its telecom unit too

PFRDA to allow pension funds for investments in sovereign green bonds

The AUM is expected to touch Rs 11 trn by the end of FY24

PE funds investment in warehousing saw 45% rise in 2022, shows data

This comes when total leasing of warehousing space in India increased from 51.3 million square feet in 2022-23, compared to 51.2 mn sq ft in 2021-22

US default probability low, but may impact Indian markets: Analysts

But if it does happen, it will be negative for all emerging markets as the US, simply put, would have run out of money

FirstCry in talks with sovereign funds to sell stake at $3 bn valuation

SoftBank, led by Masayoshi Son, is likely to sell a portion of its 29 per cent stake in the company if the deal goes through, sources said

Backed by big deals, GIC ahead of western peers in office properties

According to sources, GIC is in the final leg of three real-estate deals in the country. They relate to properties or significant stakes in portfolios of key investors

Adani Group denies report of securing $3 bn loan from sovereign fund

Meanwhile, all ten group stocks had gains on Wednesday, the first time since the Hindenburg report was released in January

New REIT, InvIT regime spells higher taxation for sovereign funds

Other foreign investors likely to face significantly higher taxation on cashflow distribution too

Climate debt-trap risks pushing vulnerable emerging markets to brink

Rising global borrowing costs are denting the finances of some of the most climate-vulnerable countries right when they most need money to fight the devastating impacts of global warming

Two Indian companies to pick up over 26% but less than 51% stake in ISMC

Next Orbit director refuses to divulge names though talks were reportedly on with HCL, Reliance Industries

Investcorp plans major ramp up of India assets to $5 billion: Alardhi

The Middle East firm expects to reach $5 billion of assets in India in the next five years, up from just over $600 million currently, or 1.5% of the $42.7 billion in assets managed by Investcorp