Tapping opportunities in this growing industry, major players are expanding their business and raising funds through the public market or private equity route.
Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. This move is being seen as part of a drive in the edtech sector towards profitability via cost-savings and consolidation, as funds dry up, they said. The Bengaluru-based firm has laid off over 1,100 employees (both full-time and contractual), so far, this year.
Licences of around 20,000 of 33,000 NGOs have been cancelled by the government after they were found to be allegedly violating various provisions of the Foreign Contribution (regulation) Act, thus barring them from receiving foreign funds.
The probe agency said the 12,794-page chargesheet has been filed against 12 persons including Hafiz Saeed, the head of banned terror outfit Lashkar-e-Tayiba, and Hizbul Mujahideen head Syed Salahuddin for conspiring to wage war against the government (Section 121 of Indian Penal Code) by carrying out terrorist and secessionist activities in Jammu and Kashmir.
'Strong regulations are crucial for the orderly development of the market.'
Foreign funds are picking up just under half of the equity in INX Media
In a chat with rediff readers, fund expert T Srikanth Bhagavat talks about mutual funds that will outperform the markets.
'Looking at the speed at which changes were made post the Franklin Templeton issue, we are awaiting more stricter norms in the months to come.'
The government is considering a fresh stimulus of around Rs 20,000 crore for manufacturing companies and non-banking finance companies routed through the Stressed Asset Stabilisation Fund (SASF) Trust that is currently mandated to deal with bad and doubtful debts of IDBI Bank.
The journey that your money undergoes from the time of investment in an MF scheme till redemption.
The government on Friday modified FDI policy allowing unlisted companies to directly list on stock exchanges abroad to raise funds for acquisitions or retiring overseas debts, a move which may help India in containing high current account deficit.
Debt as an investment avenue for the wealthy has been attracting more assets than equity. The portfolio management service (PMS) industry, whose services require a minimum investment of Rs 50 lakh, has seen a 4.4 per cent decline in equity assets since March 2022.
The policymaker said the RBI had not reached the point where specific actions were under consideration.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
The Supreme Court on Tuesday allowed the Board of Control for Cricket in India (BCCI) to disburse Rs.56 lakhs for the opening Test of the five-match series against England, starting from Wednesday in Rajkot. Earlier on Tuesday, the BCCI had moved to the apex court to seek the disbursal of funds to Saurashtra Cricket Association for conducting the Rajkot Test, which will also see the application of Decision Review System (DRS) by the country for the first time.
Air India is set to increase capacity on domestic and international routes over the next few months as it overhauls its grounded aircraft. Air India has the approval to operate 2,456 flights per week in the summer schedule. This is more than a 16 per cent increase over 2020. But its international schedule has declined 41 per cent (compared to winter 2019) to 361 weekly departures.
Sebi has tightened the rules for companies raising funds through share issues by barring those with less than one year of listing history from tapping the qualified institutional placement route.
Lump sum investments in equity and hybrid schemes of mutual funds (MFs) declined to Rs 17,900 crore in October - the lowest since January 2021. The fall in lump sum investments comes even as flows through systematic investment plans (SIPs) rose to a new all-time high of Rs 13,000 crore in October. The latest lump sum tally is just a third of the peak inflow of Rs 49,700 crore in July 2021.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
However, official sources said the Assam Rifles -- a border guarding force -- primary mandate or task is not drug law enforcement.
'It could tempt investors to pick stocks that are not fundamentally sound.'
Money 'collected' as donations from traders in Kolkata nurture Bengal's terror networks.
The stock markets are going down and investing directly in stocks has become risky. While mutual funds help you minimise risks you should know a few things about them before investing. Here are a few tips on how to invest in mutual funds.
Amid tax treaty uncertainties, India's share of the number of investments made by global companies through Mauritius has almost halved in the past two years even as Africa's share has surged significantly.
.jpg)
West Bengal Chief Minister Mamata Banerjee keen on framing a stringent act to prevent malpractices by chit fund firms.
Incessant rains unleashed more death and destruction on Monday in parts of north India, with 37 people killed in landslides and other rain-related incidents in the last two days even as the Army and NDRF teams stepped in to intensify the relief and rescue operations.
On Thursday, Adani Enterprises announced that it will not go ahead with acquiring Macquarie group's two road companies at an enterprise valuation of Rs 3,100 crore.
While the number of operational airports in the country will rise to 131, other smaller towns too are seeing a surge in connectivity.
The Indo Islamic Cultural Foundation, which has been set up for the construction of the mosque, will build a mosque along with a hospital, library, community kitchen and research institute, on the land.
Companies stand to benefit in longer term from comparative pricing landscape
Meanwhile, family businesses in India still see banks as their chief source of funding as nine out of 10 respondents were upbeat about bank financing.
Seeking to prevent misuse of funds belonging to foreign investors, the Reserve Bank has proposed that transfer of such funds to the Indian entity should be allowed only through escrow mechanism under which the money would remain with the bank pending investment.
It has been a slow 2022 thus far for the primary markets. In the last 8 months, only 16 companies have raised Rs 40,311 crore via the initial public offer (IPO) route, data from PRIME Database suggests. In comparison, 63 companies had raised a cumulative Rs 1.18 trillion via the IPO route in 2021. A large part of the funds raised in 2022 were on account of the two IPOs - Life Insurance Corporation of India (LIC) and logistics firm Delhivery - that raised a total of over Rs 26,000 crore between themselves.
Tightening Initial Public Offering (IPO) norms, capital markets regulator Sebi on Friday cleared the proposal mandating the issuers to disclose the offer price based on past transactions and fund raising activities. In addition, the board of Sebi approved a proposal introducing an alternative mechanism by permitting "pre-filing" of offer documents for companies contemplating IPOs. Under this, an issuer should make "pre-filing" of offer documents with Sebi and stock exchanges without making it available to the public for an initial scrutiny period only.
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
The total amount of money various entities have raised through the private placement route is at its lowest since 2014. They raised a total of Rs 1.96 trillion in the first five months of 2022, revealed the numbers from PRIME Database. It is down 23.4 per cent from the Rs 2.56 trillion raised in the corresponding period in 2021.
The high court said the investigation has shown the crime proceeds were used for air travel and purchase of high-end branded gifts for Bollywood celebrities.
