Advertisements Private equity investor Bain Capital will sell a 1.24 per cent stake in private lender Axis Bank via a block trade today, which is expected to fetch the investor $410 million. As of 30 September, Bain Capital holds a… Read More ›
Investor Networking
Impact Of Falling Rupee On Funding And Valuation
Advertisements Most of the VC funding in India comes from funds denominated in dollars, with fund LPs assessing portfolio values and receiving eventual exit returns in dollars. As a result, any sharp movement in the INR-USD rate lowers portfolio values… Read More ›
Rate, inflation worries set Indian shares for worst week since May 2020
Advertisements Indian shares slipped in volatile trade on Friday and were on course for their worst week in over two years, hit by worries that rapid increases in policy rates targeted at taming inflation could derail economic recovery. The NSE… Read More ›
Sequoia India grapples with fallout from governance snafus
Advertisements Sequoia Capital’s India partners, caught out early this year by governance scandals at startup companies in its portfolio, assured investors at an April meeting in London that these “lowlights” were mostly behind it, according to three people familiar with… Read More ›
China steps up fixed-asset investment to steady COVID-hit economy
Advertisements China’s state planner said on Thursday it had approved 10 fixed-asset investments worth 121 billion yuan ($18.1 billion) in May, a more than six-fold jump from April, as policymakers seek to get economic growth back on track after a… Read More ›
Domestic investors prop up Indian stocks as foreigners flee
Advertisements Foreign investors have been cutting their holdings of Indian equities over the past few months, but domestic mutual funds, banks and insurance companies have helped put a floor under the market with their buying. According to the data from… Read More ›
GLOBAL MARKETS-Asia stocks rise, markets ready for central bank parade
Advertisements Asian stocks pushed ahead on Monday with investors seemingly confident markets can weather whatever comes from a host of central bank meetings this week, including the likely early end to U.S. policy stimulus. Omicron remained a concern with British… Read More ›
FPIs pull out INR 31,100 crore from Indian market in November; consumer, unlock theme stocks see buying interest
Advertisements Indian markets have been under immense pressure in the past one month. This was evident in Foreign Portfolio Investors (FPIs) as they sold in the Indian market to the tune of Rs 31,100 crore in November so far, as… Read More ›
Investors await Evergrande’s overdue USD 148 Mn payment as debt woes grow
Advertisements Cash-strapped China Evergrande Group faced a Wednesday deadline for making an offshore bond payment, while a credit rating downgrade on another property firm added to mounting concerns about a liquidity squeeze in the sector. Evergrande, the world’s most indebted developer,… Read More ›
Qualys Enters into an Agreement to Acquire TotalCloud
Advertisements Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced it has entered into an agreement to acquire TotalCloud, a cloud workflow management and no-code automation platform. Upon closing, this… Read More ›