Indian insurance companies can now invest in FoF
After the unicorn parade we saw this week, there s more reason to cheer for Indian startups, thanks to the IRDA s move to allow Indian insurance companies to invest in Funds of Funds.
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After the unicorn parade we saw this week, there s more reason to cheer for Indian startups, thanks to the IRDA s move to allow Indian insurance companies to invest in Funds of Funds.
The latest IRDA move will mean greater inflow of domestic capital into the startup ecosystem and comes close on the heels of the recent decision of the government to allow private retirement funds to park certain percentage of their capital in Alternate Investment Funds (AIFs).
NEW DELHI: Amazon has moved the Supreme Court challenging the Delhi high court s division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries.
Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it illegal , random , inequitable and unfair .
On March 22, a division bench of the Delhi high court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance.
Amazon has now moved the Supreme Court and challenged the March 22 order, requesting a stay till a final outcome of its earlier plea related to the deal.
Explore Now
Nifty futures on the Singapore Exchange traded 14 points, or 0.09 per cent, lower at 14,932 in signs that Dalal Street was headed for a positive start on Friday. Here are a few stocks which may buzz the most in today s trade:
Vodafone Idea: Debt-ridden telecom firm
Vodafone Idea on Thursday announced foray into integrated Internet of Things (IoT) space for enterprises segment as it looks to transform itself from a traditional connectivity service provider to a technology company.
Tata Power: The power company said its total outstanding borrowing stood at Rs 16,504.41 crore at the end of March 31. The company made the disclosure in a filing to the Bombay Stock Exchange (BSE).
Amazon moves SC for stay on Delhi HC order till verdict on Future-Reliance deal dispute
Amazon and Future have been locked in a bitter legal tussle after the US ecommerce giant dragged Future Group to arbitration at SIAC in October last year, arguing that the latter had violated their contract by entering into the deal with rival Reliance.
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Amazon has moved the
Supreme Court challenging the Delhi High Court s division bench order that had vacated a stay on
Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries.
Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it illegal, random, inequitable, and unfair.
Here are the top stocks to track in today s session:
Bharti Airtel: Department of Telecom (DoT) in an SC affidavit said it is planning to slap Videocon Telecommunications Ltd s adjusted gross revenue (AGR) dues of Rs 1,376 crore on Bharti Airtel. However, Airtel has questioned the legal validity of the demand.
Srei Infrastructure Finance: Its subsidiary Srei Equipment Finance said it had received an expression of interest for up to $250 million capital infusion in the company from international PE funds.
Zensar Technologies: The company has entered into a global strategic partnership with US-based Claimatic. This new, innovative partnership leverages the respective strengths of Claimatic and Zensar to create compelling value for both companies and their mutual clients, the company in its BSE filing said.