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Thane: Man duped by luring into ‘investment’ in frog blood business, accused arrested

Representative image THANE: Police on Saturday arrested a man for allegedly duping a city resident by persuading him to invest in the business of supplying ‘frog blood’ to a UK-based firm. Abdul Kadir Ibrahim Kucchi (40) was arrested from Panvel on Saturday morning under IPC section 420 (cheating), senior inspector Nitin Thakre of the Crime Branch said. According to complainant Ninad Telgote, he received an email from Kucchi some days ago, which said there was a great demand for “blue blood of frogs” from a pharmaceutical company in the UK. If he…

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Watsa Shuns China as Fairfax Looks for Investment in India, U.S.

(Bloomberg) — Prem Watsa, the billionaire head of Fairfax Financial Holdings Ltd., sees plenty of opportunities for investment in the U.S. and his native India. He’s less interested in the other Asian powerhouse. “In China, we are less invested,” Watsa said in an interview with BNN Bloomberg Television Friday. “We like democracy. We like business-friendly policies.” Watsa, who emigrated from India 46 years ago, is most excited about the opportunities being created there due to the policies implemented by Prime Minister Narendra Modi. “He’s very business friendly and he’s got a great…

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Bajaj Holdings & Investment Ltd’s Q4FY18 consolidated net profit rises 35% yoy to Rs1,080cr

Bajaj Holdings & Investment Ltd Q4FY18 Consolidated Results Q4FY18: (Rs. in cr) Q4FY18 YoY (%) Revenue 6,773.30 38.3 Net Profit (adjusted) 1,079.87 34.7   View Bajaj Holdings Buy Reco. Price 2628 Last updated on 14-May-2018 Know More   The main source of income for Bajaj Holdings and Investments Limited (BHIL) in Q4FY18 is dividends, interest and gains on investments held. BHIL holds stake in Bajaj group companies such as Bajaj Auto Limited (BJAUT, 31.54%), Bajaj Finserv Limited (BFSL, 39.29%) and Maharashtra Scooters Limited (MSL, 24%). Consolidated revenue in Q4FY18 was up 23%…

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Uganda opens first investment window for tourism businesses to protect biodiversity and boost economy

Uganda yesterday launched the first investment window to seek to harness the financial muscle of the world’s leading hotel and lodge operators to raise vital funds to support and protect Uganda’s wildlife. The offering, which is being facilitated by the conservation charity Space for Giants and its partner the African Wildlife Foundationunder the Giants Club initiative, involves some of the most important wildernesses in the county. Uganda has Africa’s fastest growing elephant population but, with urgent development needs and limited budgets, the country lacks adequate financial resources to fully support its conservation requirements….

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CalPERS creates direct investment platforms for late-stage VC, long-term PE bets

California Public Employees’ Retirement System (CalPERS), the largest US pension fund that is also a limited partner (LP) for a few Indian PE firms, on Thursday announced that it will create a new entity, CalPERS Direct, to make direct private equity investments. CalPERS joins a slew of global LPs that have active direct investments’ programmes across geographies, including India. Several LPs in India including UK’s CDC and Canadian pension funds, besides a clutch of sovereign funds, have direct investments in Indian companies as well as have a fund-of-funds exposure to…

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WestBridge leads Series B investment in healthcare data firm Innovaccer

Innovaccer Inc., a Silicon Valley-based healthcare data platform, has raised $25 million (Rs 168 crore) in a Series B round of funding led by Westbridge Capital, a company statement said. US-based venture capital firm Lightspeed Ventures also participated in the round, the statement added. With this investment, the total capital raised by Innovaccer stands at $41 million. Innovaccer will use the funds to continue building its data platform by leveraging its machine learning capabilities and to create a set of new patient engagement applications and platform capabilities for partners to…

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