investment Archives - Page 19 of 23

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

May 19, 2018 Loknath Dasbets, CalPERS, Creates, Direct, for, investment, late-stage, long-term, PE, platforms, VC

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…

WestBridge leads Series B investment in healthcare data firm Innovaccer

May 10, 2018 Loknath DasB, Data, Firm, Healthcare, In, Innovaccer, investment, Leads, series, WestBridge

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…

S Korea’s Mirae to enter India’s investment banking with $300 million

May 10, 2018 Loknath Das'S, 300, banking, Enter, India's, investment, Korea’s, Million, Mirae, to, With

MUMBAI: South Korea’s Mirae will invest $300 million to set up investment banking operations in India and compete with established leaders like JM Capital, Kotak and ICICI Securities. The Indian operations of Mirae Asset Capital Markets India will be headed by Benedict Ryu, and supported by Aditya Loonkar, a former senior executive of Investec, and Anshul Mittal, a former senior executive from Tata Capital. Loonkar, who was heading fixed income at Investec and Mittal, who was heading M&A advisory at Tata Capital, will be co-heads of investment banking. Prior to this, Benedict Ryu was in charge…

New system for monitoring foreign investment limits in listed firms

May 3, 2018 Loknath DasFirms, for, Foreign, In, investment, Limits, Listed, Monitoring, New, System

RBI to disallow investment if there is non-compliance. The Reserve Bank, in consultation with Securities and Exchange Board of India (SEBI), has decided to put in place a new system for monitoring foreign investment limits. Necessary infrastructure and systems to kick-start the monitoring mechanism, according to RBI, will be made available by the depositories. All listed Indian companies are required to provide the specified data/information on foreign investment to the depositories. The requisite information should be furnished on or before May 15, the RBI said. The listed Indian companies in…

PFRDA raises NPS equity investment cap under ‘active’ choice, relaxes withdrawal norms

May 3, 2018 Loknath DasActive, cap, choice, equity, investment, Norms, NPS, PFRDA, raises, relaxes, Under, withdrawal

You will soon be able to opt for higher equity investment under the National Pension System’s (NPS) ‘active’ choice. The Pension Fund Regulatory and Development Authority (PFRDA) board of directors has approved increasing cap on equity investment in ‘active’ choice to 75% from current 50% for Private Sector Subscribers. Presently there is a cap of 50% on equity investment under active choice in NPS. A release issued by the PFRDA says that the increase in equity cap comes with a clause of tapering of the equity allocation after the age…

Planning for retirement? 5 best investment options

March 31, 2018 Loknath Das5%;, Best, for, investment, Options, Planning, retirement?

Adhil Shetty After years of hard work, the word retirement brings cheer on many faces while some also get jittery with the mere thought of life without a salary. For a happy and stress-free retirement, you envision a regular flow of income without going to work every day. This can be achieved only when you plan your investments well during your working days for the golden years later on. It is crucial, thus, to choose your plans wisely and carefully. Some of the investment options discussed here can come handy.…