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RBI circular on lenders investing in AIFs: Practical challenges may raise concerns regarding compliance

While RBIs concerns with respect to evergreening are valid, the circular in its current form will cause discomfort to genuine REs as well as pose certain practical difficulties.
Securities Exchange Board Of India Securities Exchange Board Alternative Investment Funds Regulated Entities Regulated Entities Investments In Alternative Investment Funds Rbi Circular On Alternative Investment Funds

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Apollo Tactical Income Fund Inc. (NYSE:AIF) Short Interest Up 586.6% in December

Apollo Tactical Income Fund Inc. (NYSE:AIF – Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 291,100 shares, an increase of 586.6% from the November 30th total of 42,400 shares. Based on an average daily volume of 142,700 shares, the […]
Apollo Tactical Income Fund Inc Janney Montgomery Scott Apollo Tactical Income Fund Stock Performance Guggenheim Capital Raymond James Associates Royal Bank

Ghassan Salameh to Asharq Al-Awsat: Elements for Resolving Palestinian-Israeli Conflict Unavailable Yet

At the end of every year, we always pause to assess the developments that took place over the past months and what impact they will have on the coming year. Asharq Al-Awsat sat down with Lebanese former minister Ghassan Salameh in Paris to review 2023 and discuss what 2024 has in store.  Sitting down with Salameh, who had worked with the United Nations in Iraq, Libya and Myanmar, is an enriching experience in itself given his extensive experience and long career. Asharq Al-Awsat sat with him fo...
West Bank Burkina Faso South Africa United States Israel General Ukraine General
Source: aawsat.com

Piramal Enterprises to make provisions for Rs 3,164 cr AIF exposure as RBI tightens rules

Piramal Enterprises has announced a provision of over Rs 3,000 crore for its investments in alternative investment funds (AIFs) linked to companies with lending exposures. This move is expected to impact the companys earnings for FY24, with analysts predicting a loss exceeding Rs 2,200 crore.
Piramal Enterprises Emkay Global Financial Services Reserve Bank Piramal Enterprises Aif Exposure Rbi Aif Rules Piramal Enterprises Earnings

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