Gillian Brown, Senior Managing Director, Capital Markets at Ontario Teachers’ said, “We are pleased to enter into a long-term partnership with Edelweiss Group, which has a proven track record and demonstrated ability to originate, underwrite, structure and realize on private credit investments in India. This partnership will further expand our presence in, and provide additional insights on, the important Indian market.” … [Read more...] about Canada’s Ontario Teachers’ partners with Edelweiss Group to invest $350 million in Indian private credit
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"ED seizes FEMA, agricultural lands, plots, houses in Tamil Nadu, balances in bank accounts and shares totaling to Rs.89.19 crore held by S Jagathrakshakan, Member of Lok Sabha, and his family members for illegally acquired, held and transferred security in a Singapore-based company," the central agency tweeted on September 12. … [Read more...] about ED seizes DMK MP S Jagathrakshakan’s properties worth Rs 89 crore
Egon Durban, Co-CEO and Managing Partner of Silver Lake, said, “We are pleased to deepen our relationship with Reliance with this investment. Mukesh Ambani and his team at Reliance have created an outstanding world leader in retail and technology through their courageous vision, commitment to societal benefits, innovation excellence and relentless execution. The success of JioMart in such a short time span, especially while India, along with the rest of the world, battles the COVID-19 pandemic, is truly unprecedented, and the most exciting growth phase has just begun. Reliance’s New Commerce strategy could become the disruptor of this decade. We are thrilled to have been invited to partner with Reliance in their mission for Indian Retail.” … [Read more...] about PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore
Sovereign gold bonds (SGB): SGB is issued by the RBI in tranches through scheduled commercial banks, recognised stock exchanges, designated post offices, etc. The minimum and maximum investment allowed to each individual investor per financial year is 1 gram and 4 kg, respectively. In addition to the potential of capital appreciation, SGB investors also benefit in the form of interest of 2.50 per cent annually payable in half yearly rests. While the interest income is taxable as per the tax slab of the investor, any capital gains resulting from the redemption of SGB is tax-exempt. Indexation benefits are applicable on long term capital gains arising out of transfer of bonds to other individuals. Another major advantage of SGB is the ability to use it as a collateral for availing bank loans. … [Read more...] about What’s the best way to invest in gold now?
RIL on September 3 bought Kishore Biyani's Future Retail for 24,713 crore. The mega transaction, which includes the wholesale, logistics and warehousing business of the Future Group, has positioned Reliance Retail as the undisputed leader in the organised retail segment. … [Read more...] about Reliance Retail-Silver Lake deal: RIL’s AGM in July had feelers about investments in its retail business