investment Archives - Page 12 of 23

Dream11 enters unicorn club with investment from Steadview Capital

April 10, 2019 Loknath DasCapital, club, Dream11, Enters, From, investment, Steadview, unicorn, With

New Delhi: Dream11, online gaming firm, on Tuesday announced the completion of a secondary investment by Steadview Capital, an Asia-focused alternative asset manager. The investment takes Dream11’s valuation at over $1 billion making it first Indian gaming company to enter the Unicornclub. “We are excited to welcome Steadview Capital on board. Our exponential growth over the past few years would not have been possible without the support and trust of our investors and Dreamsters (employees). Providing great returns to our shareholders, whether investors or Dreamsters, is very important to us and further…

Go-Jek In Talks To Close Investment Deals With Rebel, MPL

April 1, 2019 Loknath Dasclose, Deals, Go-Jek, In, investment, MPL, Rebel, Talks, to, With

Indonesia-based ride-hailing company, GoJek, is in advanced talks to close two investment deals with Mumbai-based cloud kitchen player Rebel Foods which runs Faasos and Bengaluru-based esports startup Mobile Premier League. Citing unnamed sources, an ET report said that GoJek is in talks to set up a joint venture with Rebel, where both the players will together invest $8 Mn – $10 Mn initially. With this, the company is aimed at taking Rebel’s cloud kitchen expertise into the Southeast Asian market. The report added that one of the senior executives from Rebel Foods…

Four investment products that didn’t deliver in the last decade

March 27, 2019 Loknath DasDecade:, Deliver, didn't, four, In, investment, last, Products, That, The

It is not always easy to talk someone out of investing in real estate. The pushback comes in the form of stories handed down by family or friends of making superlative returns by selling property. According to the 2017 report from the household finance committee of the Reserve Bank of India (RBI), the average Indian household had 84% of its wealth in real estate and other physical goods, 11% in gold and just 5% in financial assets. Even investments like cryptocurrencies gathered followers, partly through stories of individuals who got into them early…

Chinese investment in Europe: A story of cash and concerns

March 23, 2019 Loknath Dasa, and, Cash, Chinese, concerns, Europe, In, investment, of, Story

PARIS: Chinese firms have plowed at least 145 billion euros ($164 billion) into Europesince 2010, but investment has been slowing recently as several European governments tighten rules on acquisitions by foreign firms. As President Xi Jinping makes a crucial visit to Italy promoting China’s new Silk Road project, the EU remains divided over the best approach towards Beijing. Chinese direct investment into the European Union in 2010 totaled just 2.1 billion euros. That climbed rapidly to 20.7 billion in 2015 and then jumped to 37.2 billion in 2016, according to a study by Rhodium Group, as Chinese…

US firm Vanguard Group made Rs 1,294 crore investment in 10 stocks, in single day; do you own any?

March 17, 2019 Loknath Das1, 10', 294, Any, Crore, Day, Do, Firm, group:, In, investment, Made, own, Rs., Single, stocks, US, Vanguard, You

The Vanguard Group Inc, the US-based investment management company, invested nearly Rs 1,300 crore in a single day on March 15 when the Nifty50 closed at fresh six-month high. The investment firm through its Vanguard Emerging Markets Stock Index bought equity stake in 10 Indian companies through open market transactions. As per the bulk deal data published on National Stock Exchange, 10 stocks where the firm purchased equity shares are Aarti Industries, Bata India, Castrol India, DCB Bank, NIIT Technologies, RBL Bank, TeamLease Services, TTK Prestige and V-Guard Industries. Vanguard Emerging Markets Stock Index bought shares worth Rs 1,294 crore,…

Fake investment firm cons youth of Rs 3.35 lakh with big returns vow

March 10, 2019 Loknath Das3.35, Big, cons, fake, Firm, investment, Lakh, of, returns, Rs., vow, With, Youth

Representative Image LUCKNOW: An aspirant for Provincial Civil Services-Judiciary (PCS-J) has been duped of Rs 3.35 lakh in the name of an investment scheme. The victim, Sachin Tiwari, a resident of Manaknagar, lodged an FIR on Saturday. Sachin told the police that he read an advertisement of a lucrative investment scheme on a dating website in December last year. “I provided my details and phone number on the website. On December 1, I received a call from Komal who claimed being an employee of ‘Real dating Group’ and explained me various investment plans,” Sachin…