Private equity and venture capital investments in the country touched an all-time high of USD 48 billion in 2019, according to an EY report. The report titled 'PE/VC Agenda: India Trend Book 2020' said that this is the third consecutive year that the private equity and venture capital sector has outperformed. "In terms of value, PE/VC investments increased by 28 per cent as compared to 2018, while the deal volume increased by 35 per cent. "The growth was primarily driven by a significant increase in investments in infrastructure sector, which grew over three times compared to 2018," it said. The report was released on Monday at the Indian Private Equity and Venture Capital Association (IVCA) conclave 2020. According to a report, while growth in traditional PE/VC investments dipped marginally in 2019, the growth in overall PE/VC investments was driven by investments in the infrastructure asset class. "Investments in infrastructure sector accounted for 30 per cent of PE/VC … [Read more...] about Private equity, VC investments hit record high of $48 billion in 2019: Report
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Benchmark equity indices Sensex and Nifty snapped their three-day winning run on Wednesday on account of selling in banking and metal majors amid ongoing concerns over global growth slowdown. The 30-share Sensex closed 189 points, or 0.50 per cent, down at 37,451, while the 50-share Nifty index settled 0.53 per cent down at 11,046. Vinod Nair, Head of Research, Geojit Financial Services said, “Despite reversal in tax surcharge, FPIs continued to be net sellers due to clouds over global trade discrepancies, risk of recession and fall in bond yields, which are having a ripple effect on the market.” We walk you through the key highlights of Wednesday’s session: YES Bank cracks 10%Shares of YES Bank cracked nearly 7 per cent after Moody’s Investors Service downgraded the private sector’s long-term foreign-currency issuer rating to ‘Ba3’ from ‘Ba1’, concluding the review for downgrade initiated on June 11. It also changed the … [Read more...] about After Market: RBL, YES Bank crack up to 12%; who moved my Sensex today
It could be ‘advantage smaller banks’ with the government proposing higher insurance cover for depositors and a number of mutual funds taking a hit due to defaults and downgrades in the past couple of years. Finance Minister Nirmala Sitharaman in her second Budget proposed to raise the insurance cover on bank deposits to Rs 5 lakh from Rs 1 lakh at present. This may not augment deposits for big banks that are already safe, but smaller lenders may see more seekers for their fixed deposit products. “Small banks always offered higher rates, but people were worried about putting money there because their business risks were less known. Now, with a higher insurance cover, small bank deposits will turn attractive,” said Vidya Bala, co-founder of PrimeInvestor.in. This could potentially eat into the pie of inflows to debt mutual funds which compete for depositors money. That, too, when a number of mutual fund schemes have taken a hit due to corporate defaults and … [Read more...] about Will better safety help smaller banks wean depositors away from MFs?
The government will prioritize demand for product of foreign-funded enterprises that produce protective goods and equipment such as medical protective clothing, facial masks and goggles, to promptly resume production and meet the market demand, as well as help them gain necessary protective materials, said a circular unveiled by the Ministry of Commerce on Monday. … [Read more...] about Epidemic impact on China to be limited
Struck by polio at the tender age of one, 29-year-old Gulfam Ahmed turned his adversity into opportunity with his sheer courage. “Meine sapne dekhna kabhi nahi chhoda. Main chahta hoon ki log mujhe mere kaam se jaane,” he says. Extreme poverty made life even more difficult as his father struggling to put together two square meals a day. From his early childhood, Gulfam challenged himself to rewrite his fate. Born in Bijnor, Uttar Pradesh, Gulfam took to body building and power-lifting at the age of 18. He was introduced to the world of sports for the specially-abled at the same time. He won his first National Championship in power lifting category in 2008. Since then he has won 23 medals across various states in India. Gulfam won title of Mr Wheelchair India in 2015. “I was a big fan of Salman Khan. With the help of my trainer, I was able to build a good physique,” he says. Gulfam is a well know motivational speaker today, who helps transform the lives of other … [Read more...] about World Day of Social Justice 2020: The story of 5 amazing individuals