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Top funds make a beeline to set up AIF at Gujarat GIFT City The funds are expected to anchor in the international special economic zone that offers relaxations to investors, unlike the local arena. Synopsis Technology, life sciences, healthcare, pharma, fintech and consumption businesses remain some of the popular investment themes for deployment. MUMBAI: At least half a dozen entities, including Kotak Mahindra Capital, ASK Investment Managers, Avendus Group and Multiples Alternate Asset Management, are planning to set up Alternative Investment Funds (AIF) in the Gujarat GIFT City. The funds...

How Tamil Nadu has sustained industrial investment growth despite Covid-19  How Tamil Nadu has sustained industrial investment growth despite Covid-19  | India Today Insight The state has been aggressively wooing business investments over the past year   advertisement UPDATED: January 6, 2021 20:19 IST Tamil Nadu Chief Minister E K Palaniswami at the 72nd birth anniversary celebrations of late AIADMK supremo J Jayalalithaa, February 24, 2020 (Phtoo by Jaison G) Despite the Covid-19 pandemic, lockdown and other uncertainties, Tamil Nadu has swung mega ticket deals in various sectors through...

Private equity, venture capital firms invest $598 million in Tamil Nadu Updated: Updated: They struck 33 deals with T.N.-based companies in 2020 Share Article They struck 33 deals with T.N.-based companies in 2020 Despite the COVID-19 pandemic and several uncertainties, private equity and venture capital companies invested $598 million in Tamil Nadu-based companies through 33 deals during 2020. In 2019, the State attracted $1,641 million in private equity and venture capital investments through 54 deals, according to data sourced from Venture Intelligence, a research company. For 2020, the S...

When IT’s business unusual Updated: Updated: Pandemic spurs digitisation, smaller tech firms ride wave Share Article Pandemic spurs digitisation, smaller tech firms ride wave The pandemic has bolstered digitisation efforts by technology customers across the world, which is, in turn, spurring growth for small-sized Indian software firms. “This is possibly the best December we have had,” said Ram Sukumar, CEO of Indium Software, on the number of new clients his company has added. Indium signed on 32 new customers between April and September, an 11% increase from a year earlier. “A signi...

RBI may red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds The Reserve Bank of India (RBI) may red-flag the Rs 5,500-crore zero-coupon bonds issued towards recapitalising (recap) Punjab and Sind Bank (P&SB) in its current form, and ask it to hold the instrument in the held-to-maturity (HTM) portfolio at a discount and not at face value. “This (structure) has to be reworked. It is bad accounting, and has implications for the broader debt market. After a stupendous rally in market, returns may moderate in 2021: Experts After a stupendous rally in the market from March lows, e...