"The funds raised will be used for onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings and for general corporate purposes," it said.
16 Jul 2019 1:48 AM

The issue has a base size of Rs 300 crore with an option to retain over subscription of up to Rs 10,000 crore, says a company statement.

According to JM Financial Institutional report, the government's new 'Nal se Jal' scheme, which aims to provide piped water connection to every household by 2024, will likely lead to a massive jump in the investment in water and sanitation. (Photo: Representational)
14 Jul 2019 4:51 PM

The investments would be made in verticals such as pipes, EPC, water treatment pumps, cement, among others, according to the report.

India is the fastest growing major economy in the world right now, says V Muraleedharan.
11 Jul 2019 10:05 AM

Centre is considering further opening foreign direct investment in aviation, media and other sectors.

Venture capital fund Owl Ventures also participated in the funding round and the proceeds will be used for international expansion.
11 Jul 2019 10:04 AM

Byju’s has so far raised roughly USD 970 million from investors, tracker Crunchbase says.

SVIC has invested in a number of startups globally and has over USD 2.2 billion in assets under management.
10 Jul 2019 3:10 PM

SVIC hopes to make 100 investments in Indian startups over the next three-five years.

Net outflows from debt-oriented schemes were more than Rs 1.71 lakh crore in June against inflows of Rs 70,119 crore in May.
09 Jul 2019 8:25 AM

The net outflows of mutual funds stood at Rs 1,59,814.40 crore in June.

There were concerns that the increased surcharge on super-rich could also affect foreign funds investing in India. (Photo: PTI)
08 Jul 2019 3:51 PM

Increase surcharge from 15 pc to 25 pc on taxable income between Rs 2-5 cr, and from 15 pc to 37 pc for income above Rs 5 cr.

SoftBank has come under increasing US scrutiny over its ties to Chinese firms in the face of an escalating trade and technology war between Washington and Beijing.
06 Jul 2019 11:40 AM

The approval unlocks a seat for SoftBank on Cruise’s board, formalising its oversight, and cements key financing for Cruise.

In the single-brand retail sector, Sitharaman said local sourcing norms for FDI will be eased in a bid to encourage investment.
05 Jul 2019 12:09 PM

Global FDI flow slipped by 13 per cent in 2018 to USD 1.3 trillion, from 1.5 in the previous year.

Of the 44 fund houses, as many as 24 witnessed growth in their asset base during the period under review as compared to the January-March quarter.
05 Jul 2019 9:19 AM

The total asset base of the industry was Rs 23.04 lakh crore in the same period a year ago.

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