Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd. Others like Strata and WiseX are also taking similar steps. The company’s board has approved a proposal to create a step-down subsidiary under EFC Ltd for acting as an investment manager to SM REIT ..read more

The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets - USA, Israel and India. It has $15.5 billion of assets under management ..read more

Kotak Bank shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels and from issuing fresh credit cards. As the largest shareholder with a stake of almost 26%, the billionaire founder bore the heaviest brunt from the selldown, the most in four years ..read more

Brookfield Asset Management is reportedly planning to list its luxury hotel chain, The Leela Palaces, Hotels & Resorts. The Canada-based asset manager had earlier committed to investing over '1,500 crore in the hotel chain, which was the largest-ever foreign investment in the Indian hospitality sector. The move comes as India's hospitality sector has rebounded strongly post-Covid-19, with a surge in demand for premium experiences. Other luxury operators like Marriott International have also seen a rise in deals, indicating a positive trend in the sector ..read more

The cuts are one the largest to its China-focused investment banking team and follow similar measures by other banks also stung by decline in deal making activities in China amid a slowing economy ..read more

The strikes reported around targets in Isfahan prompted a jump of more than 4% in crude to above $90 a barrel, before erasing that gain to trade lower on the day as Iranian media seemed to downplay the incident. While central bankers won’t have lost sleep at the level it reached, the backdrop isn’t comforting ..read more

Out of this, Rs 66,806 crore was secured through QIPs. Notably, the peak for QIP fundraising was in FY21, with companies raising Rs 78,045 crore. FY23 saw a 6-year low equity fundraising ..read more

At present, AIFs have to intimate any change in the terms of PPM through a merchant banker to Sebi, along with a due diligence certificate from them. It has to be done on a consolidated basis within one month of the end of each financial year ..read more

Lakshmi Iyer suggests strategies for lump sum investments in equity and debt portfolios, emphasizing largecap skew in equity allocation. Discusses concerns about inflation, bond yields, and foreign investors anchoring bond yields. She points out that after 20 years, we are seeing the future price of copper trade about $100 higher. It is in some sort of a contango mode. The seasonality of food prices will continue to weigh on sentiments from every central banker perspective and hence the plateauing or an extended pause seems to be the way out for rates ..read more

The smooth execution of such deals dispels long-held concerns about Mumbai's ability to handle mega stock trades without causing massive disruptions in prices that previously took weeks to heal ..read more