Investment Archives - Page 5 of 35

Bandhan Bank to invest ₹300 crore in Yes Bank

March 14, 2020March 14, 2020 Loknath DasBandhan, Bank, Crore, In, Invest, to, yes, ₹300

MUMBAI: Private sector lender Bandhan Bank on Saturday said it will invest ₹300 crore in Yes Bank under the bank’s reconstruction scheme, taking the total investment proposal to ₹10,650 crore. The bank said it will acquire 30 crore equity shares of ₹2 each at a premium of ₹8 per equity share, constituting less than 5% of the new issued and paid-up equity share capital of Yes Bank. “As per the Scheme of Reconstruction, 75% of the total investment of the bank would be locked in for three years,” Bandhan Bank said in a regulatory…

What to ask yourself before making any investment moves as the market falls

March 13, 2020March 13, 2020 Loknath DasAny, As, ask, Before, investment, Making, Market, Moves, The, to, What, yourself

As the stock market sinks, you’ve probably already heard not to check your 401(k). Yet when it comes to steering your personal financial plan in a turbulent time, it’s still wise to take a proactive approach, according to Michael Liersch, a behavioral finance expert and global head of wealth planning and advice at JPMorgan Chase. Generally, people tend to take one of two strategies to uncertain markets, Liersch said. Either they decide on action no matter what or stick to a do-nothing approach. Those extreme approaches tend to happen when individual…

Infosys writes off investment in Waterline as third startup bet turns sour

March 11, 2020March 11, 2020 Loknath DasAs, bet, In, Infosys, investment, Off, Startup, Third, Turns, Waterline, writes

India-based multinational information technology services provider Infosys Ltd. has written off its investment in a United States startup that offers data discovery and governance software. The California-based startup called Waterline Data Inc., founded in 2013, will be acquired by a subsidiary of Japan’s Hitachi by the end of this month. This is the third startup bet that has turned sour for Infosys. The IT major had invested in Waterline through its $500 million Innovation Fund, launched in 2015. It first invested $4 million in January 2016. In March 2018, it bet a further…

Portfolio Planning: Investment tips in the times of coronavirus

March 10, 2020March 10, 2020 Loknath DasIn, investment, of, Planning, portfolio;, The, times, Tips:

At some point when the stock markets stabilise, your returns from gold will slow down, but your equity returns will start improving again. The markets are reacting to the spread of the novel coronavirus. China sneezed, and the global economy went into a tizzy. Globally, stock markets are in a spin. Investors are worried. What should they do with their investments in a tough economy? Eyes on your goals First and foremost, always remember why you started an investment. Any investment must be tied to a specific goal. When you…

Nippon India Mutual Fund marks down its investment in Yes Bank to zero

March 7, 2020March 7, 2020 Loknath DasBank, Down, Fund, In, India, investment, Its, Marks, Mutual, Nippon, to, yes

NEW DELHI : Nippon India Mutual Fund on Friday said it has marked down the value of its investments to zero in bonds issued by troubled private sector lender Yes Bank. In addition, the fund house has imposed a limit of ₹2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement. This limit is imposed only on the new applications, switch-ins, systematic transfer plans and systematic investment plans received after March 5, it said. The announcement came hours after Yes Bank was placed under a…

As markets take Covid-19 hit, is it time to invest?

March 3, 2020March 3, 2020 Loknath DasAs, Covid-19, Hit, Is, It, Markets, Take, Time, to

The fear of Covid-19, more commonly referred to as novel coronavirus, spreading outside China at an alarming pace has spooked global equity markets, including the Indian equity market. The benchmark S&P 500 index which measures the stock performance of the top 500 US companies, corrected around 13% between 19 and 28 February. Taking cues from global peers, S&P BSE Sensex lost 1,448 points on 28 February alone, wiping out close to ₹5.5 trillion of investors’ wealth. Till 28 February, it had corrected 9% from its peak on 14 January 2020. On…