Investment Archives - Page 11 of 35

Hyundai-Kia’s $300 Mn investment in Ola finally receives CCI nod

November 2, 2019November 2, 2019 Loknath Das300, CCI, Finally, Hyundai-Kia’s, In, investment, mn, Ola, receives

Hyundai and Kia Motors’ $300 million investment plan in ride-hailing juggernaut Ola has finally received a green signal from the Competition Commission of India (CCI). The antitrust watchdog has approved the acquisition of shares in Ola’s parent entity, ANI Technologies & Ola Electric by Hyundai Motor and its affiliate Kia Motors subjected to compliance of modifications. With the collaboration, most of the new investment will be infused into ANI Technologies. Furthermore, Hyundai and Kia will take a minority stake in Ola Electric. This investment round may also witness participation from Microsoft and…

CCI clears Advent International investment in Aditya Birla Capital

October 25, 2019October 25, 2019 Loknath DasAditya, Advent, Birla, CCI, Clears, In, international, investment

NEW DELHI : The Competition Commission of India (CCI) has approved indirect acquisition of 4.15% stake in Aditya Birla Capital Ltd. by private equity firm Advent International Corp., said an official release. The investment is being made by Jomei Investments Limited (JIL) which is wholly-owned by a fund managed by Advent International Corp. CCI did not specify the amount of investment coming into Aditya Birla Capital, but the company had said in September that its board had approved mobilising Rs2,100 crore investments including Rs1,000 crore of equity investments from Jomei Investments Ltd, an affiliate…

Foreign investment or grassroots growth – the future of mining in Rwanda

October 23, 2019October 23, 2019 Loknath DasForeign, Future, grassroots, Growth, In, investment, mining, of, or, The, –

It is one of the smallest countries in Africa with a total area estimated at around 26,000km² and a population of roughly 12 million people. You can drive across its winding, smoothly paved roads in a matter of hours. But Rwanda, a mountainous country known locally as le Mille Collines – the land of a thousand hills – punches well above its weight: it is one of Africa’s fastest-growing economies despite experiencing a civil war just two and a half decades ago. Among the countries most promising industries is the mining sector,…

Entrepreneurs’ tax break fails to boost investment, finds IFS

October 22, 2019October 22, 2019 Loknath Das

Sajid Javid has been told that low rates of capital gains tax give an unfair advantage and fail to boost investment. Photograph: Tolga Akmen/AFP via Getty Images The chancellor, Sajid Javid, has been told by Britain’s foremost tax and spending thinktank that tax breaks for business owners give the rich an unfair advantage and fail to boost investment in the UK. Before Javid’s first budget next month, the Institute for Fiscal Studies (IFS) said low rates of capital gains tax on business income did not encourage companies to invest more in the…

Amid falling interest rates on FDs, these 4 investment options offer up to 8.6% interest rate

October 12, 2019October 12, 2019 Loknath Das4), 8.6%, Amid, Falling, FDs, interest, investment, Offer, On, Options, Rates, these, to, Up

New Delhi: The Reserve Bank of India has cut the repo rate for the fifth time in a row to give a further boost to consumption and private investment in a bid to revive growth as inflation remained within the central bank’s comfort level. The RBI cut the repo rate by 25 basis points to 5.15%. Following the suit, banks have cut interest rates on loans and fixed deposits (FDs). A fixed deposit is among the most preferred investment option among senior citizens and retirees. State Bank of India (SBI), the…

‘Teenage Bitcoin Millionaire’ Co-Founds $1 Million Investment Fund for Crypto Startups

October 11, 2019October 11, 2019 Loknath Das1, Bitcoin, Co-Founds, Crypto, for, Fund, investment, Million, Millionaire’, Teenage

The leaders of crypto payment app Metal Pay, Marshall Hayner and Erik Finman, are launching an investment fund. Dubbed Metal VC, the $1 million dollar fund will focus on micro and angel investments, primarily in early-stage companies involved in banking and decentralized finance. The fund will allow the startup to align with partners as it expands globally, according to Metal CEO Hayner. The Metal subsidiary closed its first deal last month, with an undisclosed stake in the Binance-backed startup Yellow Card, which provides a cash-to-crypto on-ramp for emerging markets. A week after…