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Arohan Financial Services in talks with ...

Microfinance institution Arohan Financial Services Ltd is in talks with private equity funds to raise capital to support its growth plans, chief executive Manoj Kumar Nambiar said. Promoted by Aavishkaar Group, the Kolkata-based MFI is targeting Rs 7,000 crore as funds under management for the current financial year, including debt and equity, he said. “We […]

CBN intervention funds are fueling infla...

The World Bank said the Central Bank of Nigeria’s development finance intervention is fueling short-term inflation and weakening the apex bank’s ability to control inflation. According to the World Bank, the CBN’s continued provision of subsidized finance to certain sectors must slow down as it undermines the ability of commercial banks to lend on a […]

Crypto lender Celsius unlikely to secure...

Celsius Network investors are unlikely to provide more funding to bail out the struggling cryptocurrency lender, people with knowledge of the situation said. A large Canadian pension fund, the Caisse de depot et placement du Quebec, and WestCap, a growth capital firm founded by tech investor Laurence Tosi, a former Airbnb CFO, are not expected […]

Indian funds in Swiss banks hit 14-year ...

Funds deposited by Indian individuals and businesses in Swiss banks, including through branches and other Indian-based financial institutions, reached a 14-year high of 3.83 billion Swiss francs (more 30,500 crore rupees) in 2021 thanks to a sharp increase in holdings via securities and similar instruments while customer deposits also increased, […]

Your Queries: Mutual Funds – Diversify y

I plan to start a third SIP of Rs 10,000 per month. I have one in a large cap and one in a flexi cap. Please suggest.—Ritesh DiwediDiversification is an important aspect to consider when building your portfolio, as it protects the portfolio from any adverse movement, as different asset classes and even securities within […]

Sequoia raises $4 billion for funds in I...

SSINGAPORE (BLOOMBERG) — Sequoia India and Sequoia South-east Asia have raised $2.85 billion ($3.97 billion) in three funds to continue supporting start-ups in the region despite a stock market rout that is rocking investors. technology companies. For the first time, Sequoia is launching a fund dedicated to Southeast Asia, totaling $850 million, while $2 billion […]

Equity fund flows improve, but debt fund...

In April 2022, equity fund purchases were largely subdued due to tepid markets. May 2022 was no different in terms of market volatility, but equity fund flows improved compared to April. However, debt funds have been sold off heavily and this could largely be attributed to the RBI’s hawkish stance. We will come back to […]

Hundreds of people will walk in Crochero...

BAYSIDE, QUEENS — Hundreds of Baysiders are heading to Crocheron Park on Sunday in hopes of raising $100,000 for a local children’s hospital. The 16th edition this summer Big Hearts Walk for St. Mary’s Children, a charity walkathon to benefit the hospital’s award-winning services for children with special needs, will begin at 10 a.m. on […]

State Bank set to take back public funds...

The SBP building in Karachi. Photo: The News/File ISLAMABAD: The State Bank of Pakistan (SBP) has ordered all banks to close Federal Government accounts and transfer all available balances to SBP Account Number 1 by June 13, 2022 in a bid to to comply with the IMF’s condition under the bailout loan program. “It is […]

Private debt impact funds are gaining tr...

Impact investment funds that invest in off-market debt securities are growing in popularity, according to a new study. Research from Phenix Capital shows that impact-focused private debt funds currently seeking investment are looking to raise €32 billion ($34 billion) – more than is targeted by public investment funds and the Combined Public Debt Impact Funds. […]

The QSE is approaching 13,000 points on ...

Increased net purchases by foreign institutions yesterday sent Qatar’s stock market up 172 points and its key benchmark near levels of 13,000, reflecting positive sentiment as oil prices hit $120 the barrel.Widespread buying, particularly in the telecommunications sector, led Qatar’s 20-stock index to jump 1.34% to 12,977.92 points, recovering from an intraday low of 12,820 […]

The budget allocates significant funds t...

The government plans to disburse 15% of its total projected revenue to domestic and foreign creditors in the next fiscal year 2022-23 with 186.6 billion rupees assigned to the repayment of loans. The government expects to earn Rs 1.24 trillion in revenue in the next fiscal year. Officials say government accountability should increase. Many internal […]

National funds and local retail investor...

Despite strong buying interest at the counters in transport, telecommunications and real estate, the Qatar Stock Exchange fell 0.26% on Thursday.Local retail investors were increasingly seen in net selling as Qatar’s 20-stock index fell for the second consecutive session by 33 points to 12,800.12 points, despite hitting a intraday high of 12,865 points.Foreign individuals were […]

Why are mutual funds considered one of t...

The importance of wealth creation can be summed up by a statement made by legendary investor Warren Buffet – “If you can’t find a way to make money while you sleep, you’ll have to work until you die” . The quote explains that a person who survives on a salary with no money left over […]

What US hedge funds told Comyn about Aus...

He has seen firsthand the level of heat in the US economy, telling the story of a Central American food retailer who has seen wages rise 22% since 2019, amid what he described as a “much larger manifestation of a wage/price spiral” than in Australia. That’s part of the reason Comyn is still scratching its […]

Venture Capital Funds Redirected to Web ...

Leading the pack is Andreessen Horowitz (A16Z) who just announced two new funds – a massive $4.5 billion fund for Crypto and Blockchain businesses and Web3.0 startups New Delhi: As venture capital (VC) funds and mainstream investors are squeezing the flow of money to traditional startups due to multiple global macro conditions, they have now […]

Global equity funds see first weekly inf...

(Reuters) – Global equity funds saw inflows in the week to May 25 as some investors rejoiced in the rebound in markets this week after stock markets fell sharply in the seven weeks previous ones. According to Refinitiv Lipper, investors bought $6.16 billion net in global equity funds, marking their first weekly net purchase since […]

Westpac to sell financial advisory busin...

A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray Join now for FREE unlimited access to Reuters.com Register May 26 (Reuters) – Westpac Banking Corp (WBC.AX) said on Thursday it would sell one of […]

Funds managed and/or advised by Motilal ...

Previous story: AU Bank expands premium AU Royale program to employee and corporate segments Next story: “Transforming through Trust” – Ashraf Patel, India’s Only Female Social Innovator of the Year 2022, speaks on Youth Leadership at the 2022 World Economic Forum Annual Meeting – Davos Funds managed and/or advised by Motilal Oswal Private Equity are […]

IVY FUND Form 497K

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. IVY FUND Delaware Ivy International Small Cap Fund(formerly Ivy International Small Cap Fund) (the “Fund”) Supplement to the Summary and Statutory Prospectus of the Fundeach dated January 28, 2022 On May 19, 2022, the Board of Trustees of Ivy Funds (the “Board”) […]

Klarna seeks new funding after valuation...

Klarna Bank AB is seeking to raise new money that could value the fintech giant at nearly a third less than the roughly $46 billion valuation it achieved just under a year ago , according to people familiar with the matter, an example of the struggles the technology faces. investment world. Klarna specializes in buy-it-now […]

Banks raise interest rates on deposits o...

VIETNAM, May 18 – A customer makes a deposit in a bank in Bình Dương province. HCM CITY – Many banks raised interest rates on deposits by 0.1 to 0.6 percentage points amid growing demand for funds. Last year, the average interest rates on six-month and 12-month bank deposits were 4.7% and 5.5%, down half […]

With $270m in new funding, Shankar Ramas...

Shankar Ramaswamy has no intention of repeating the Roivant playbook his brother started eight years ago. Instead, it wants to consolidate the gene therapy process and be the go-to store in a field that has walked a rocky road for many years. Amid a bear market, he and his 160-employee biotech landed a $270 million […]

Global equity funds see massive outflows...

(Reuters) – Global equity funds saw a surge in outflows in the week to May 11 as fears of an economic slowdown and further tightening by major central banks to rein in stubborn inflation spooked investors. In a fifth straight week of net selling, investors sold $10.53 billion worth of global equity funds, compared to […]

Interswitch receives new funding from Le...

By Adedapo Adesanya In 2022, Twitter was the place to be for the most interesting, important and impactful Ramadan conversations, with over 47 million related Tweets recorded worldwide during the holy month. This represents a 31% year-over-year increase over last year, reflecting Twitter’s role as a place to find out what’s happening in real time. […]

IDFC FIRST Bank pledges funds for social...

IDFC FIRST Bank has announced a commitment to contribute to social causes on behalf of every participant running the 10K in one hour race at TCS World 10K Bengaluru. The initiative aligns with the Bank’s philosophy of being a force for social good and the social inclusion theme of the 10K Bengaluru. TCS World 10K […]

EU mulls more funds for eastern states a...

By Francesco Guarascio BRUSSELS (Reuters) – The European Commission is considering offering landlocked states in the European Union’s east more money to upgrade oil infrastructure to convince them to agree to an embargo on Russian oil, it said on Monday. an EU source told Reuters. The measures are part of a broader package of new […]

Young joins GOP colleagues in proposing ...

Federal funds would not be allowed to be used for the U.S. Department of Homeland Security’s (DHS) Disinformation Governance Council under legislation introduced this week by U.S. Sen. Todd Young (R-IN) and 18 others republicans. DHS focuses on disinformation that threatens the safety of the American people, including disinformation disseminated by foreign states such as […]

New scandal rocks mutual fund industry, ...

Express press service MUMBAI: In another shock to mutual fund investors, who have yet to fully recover from alleged improprieties by senior Franklin Templeton executives, Axis Mutual Fund on Friday suspended two fund managers for serious violations. According to sources, the two fund managers – Viresh Joshi and Deepak Agarwal – made unwarranted gains through […]

fi: Neobank Fi makes foray into financia...

Bengaluru: Neo-banking platform Fi is making a foray into financial services, launching products such as mutual fund investing, peer-to-peer (P2P) investing and digital lending on its platform as well as other savings products. To start, the company will offer about 600 index funds and will increase the number in the future, the company said during […]

Super funds ready to lend to hotel inves...

Speaking as part of a roundtable of hotel owners at the conference, Dr Schwartz said he, “like many people”, was forced to seek financial capital outside of banks, “despite [his family] not miss a single mortgage payment in 50 years”. “In the midst of COVID-19, one of my banks said they wanted their money back, […]

Americans are ditching savings for retir...

Geber86 / iStock.com The combination of high inflation and lingering economic fears related to the COVID-19 pandemic could push more Americans to pay down debt and save for emergencies instead of building up retirement nest eggs, according to a recent survey by the First National Bank of Omaha (FNBO). Discover: 10 reasons why you should […]

Cabinet approves additional funds of ₹82

The Cabinet also granted approval in principle for a future cash injection of up to ₹500 crore to meet regulatory requirements and technology upgrade The Cabinet also granted approval in principle for a future cash injection of up to ₹500 crore to meet regulatory requirements and technology upgrade The Union Cabinet on Wednesday approved additional […]

Scammers spoof credit unions to steal fu...

Email security provider Avanan revealed in a report on Thursday that a new phishing campaign is exploiting credit unions to steal money and data. According to research by Avanan, phishing emails are disguised as legitimate messages from leading companies/companies. They are sent to trick the recipient into sharing the impersonated company’s login credentials and sensitive […]

Mutual Funds: Adjustment AMC Managers Ne...

Investing in mutual funds: Banking and IT stocks have always remained one of the favorite segments of the fund managers of Asset Management Company (AMC). This has led to higher returns from post-Covid mutual fund plans, as a good number of IT and banking stocks have managed to generate alpha returns in the post-Covid rally. […]

Banks put more excess funds into commerc...

Commercial paper rates have jumped about 15 to 20 basis points in about ten days, reducing the amount of funds banks store with and increasing working capital lending from commercial banks. Commercial papers (CP) are shorter duration debt securities typically issued by corporations with maturities of up to one year. One basis point is 0.01 […]

Province Commits Funding for Supportive ...

THE Manitoba government will fund eight supportive housing units for reuniting parents with children in the care of Child and Family Services. Want to get a head start on your day? Get the day’s latest news, weather forecasts and more delivered straight to your inbox every morning of the week. Join Head Start The units […]

Digital Funds seeks to launch a tokenize...

Registered digital securities will become ‘the new de facto digital marketplace’, says Digital Funds founder WisdomTree filed last year to launch a short-term digital cash fund that would secondarily register its shares on one or more blockchains A newly created digital asset manager that filed its first ETF last month is looking to bring another […]

How to invest in small cap funds

Kirtan Shah: Ideally, if you look at risk return data points, the answer to this question is very simple. If you allocate an equal proportion to a large, mid and small cap versus a multicap or a flexicap, you will see that on a risk-return basis, the large, mid and small cap provided a much […]

Voyager Innovations Secures $210M in New...

Voyager Innovations (Voyager), the fintech arm of integrated telecommunications company PLDT, $210 million in new funding, boosting Voyager’s valuation to unicorn-plus status at nearly $1.4 billion. Voyager operates the electronic wallet PayMaya and the neobank Maya Bank. Leading the round is new investor SIG Venture Capital, the Asian venture capital arm of SIG. Other new […]

Bank-owned mutual funds have an edge ove...

Express press service BENGALURU: In a bid to serve more customers and meet all their financial needs, banks are launching or partnering/acquiring asset management companies (AMCs) and insurance subsidiaries. Recently, Bandhan Financial Holdings Limited (BFHL), investment companies GIC and ChrysCapital signed an agreement with IDFC Limited to acquire its AMC and also IDFC AMC Trustee […]

Italy reduces impact on growth of recove...

By Giuseppe Fonte and Gavin Jones ROME (Reuters) – Italy has cut its estimates of the impact on economic growth of European Union funds and reforms linked to its stimulus package, a Treasury document released on Friday, saying the money will be spent more slowly. Italy is eligible for more than 200 billion euros ($216.82 […]

IT rules changed to allow infra debt fun...

The income tax department changed the rules to allow infrastructure debt funds and NBFCs to issue zero-coupon bonds. Experts say such an amendment will help mobilize resources in a fiscally efficient manner. A new notification added the word “infrastructure debt fund” as well as infrastructure company and public sector company. Accordingly, the infrastructure debt fund […]

Crypto funds post net inflows for second...

CoinShares’ weekly cryptocurrency fund flow survey shows that total digital asset investment inflows reached $180 million last week. The asset manager writes that the reporting of some late trades also pushed the previous week’s inflows up from $193 million to $244 million. The renewed inflow suggests that recent headwinds for digital assets, such as significant […]

Angel Oak Capital Advisors Closed-End Fu...

ATLANTA–(BUSINESS WIRE)–April 4, 2022– The Boards of Directors of Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) and Angel Oak Dynamic Financial Strategies Income Term Trust (NYSE: DYFN) have approved a proposed reorganization of DYFN with and into FINS. The reorganization is intended to provide potential benefits to shareholders, including reduced operating expenses and […]

Stanbic IBTC describes N83 billion uncla...

By Aduragbemi Omiyale Stanbic IBTC Bank Plc management has reacted to reports that it has N83 billion in unclaimed funds in its possession, describing it as misleading and not representing the facts. The House of Representatives is looking into claims that around N1.2 trillion in unclaimed funds are sitting in some commercial banks across the […]

Stanbic IBTC responds to ‘N1.2trn Unclai

Stanbic IBTC Bank Plc reacted to news making the rounds in which it was alleged that the House of Representatives (HoR) ad hoc committee on the recovery of “unclaimed funds”, asked “Stanbic IBTC, first bank to hand over 97 billion naira to the government”N1.2trn Unclaimed funds. In a statement on Friday, the Bank said its […]

Mutual fund inflows via SIP will hit a n...

Inflow into mutual funds through a systematic investment plan is expected to hit an all-time high this fiscal year despite market turmoil following the Russian-Ukrainian war that rocked recovering global economies of the Covid pandemic. Steady rise Mutual fund industry SIP inflows have already surged by 29% in the first 11 months of this fiscal […]

Federal Reserve watch: Fed funds rate up...

uschools/E+ via Getty Images On Wednesday, March 16, the Federal Reserve raised its target range for the key interest rate, the federal funds rate, by 25 basis points to 0.25% to 0.50%. The Federal Reserve also saw the effective federal funds rate rise to 0.33% for the entire banking week. Thus, the Fed kept the […]

Gabelli Funds to Host the 8th Annual Was...

RYE, NY–(BUSINESS WIRE)–March 24, 2022– Gabelli Funds, LLC, will host the 8th Annual Waste and Environmental Services Symposium at the Harvard Club in New York on Thursday, March 31, 2022. This symposium will feature presentations by senior executives from leading companies, with a focus on on industry dynamics, new technologies and business fundamentals. For those […]

Investors are abandoning mutual funds be...

By AYOOLA OLAOLUWA Investors are dropping out of the Collective Investment Scheme (CIS), popularly known as mutual funds, on a daily basis due to the low rate of return recorded in some of the funds, Business Hallmark can reveal. The mad rush for the exit door comes just sixteen months after mutual funds became the […]

Cross River Bank raises funds to expand ...

“Saturday Night Live” comedian Pete Davidson will no longer be heading to space on Blue Origin’s next flight, the company announced Thursday evening. Lia Thomas of the University of Pennsylvania became the first transgender athlete to win an NCAA Division I title after finishing first in the women’s 500-yard freestyle championship. ESPN reports. The world’s […]

Why Special Situation Funds are Needed

Indian financial markets went through two crucial reforms earlier this year. SEBI came out with a dedicated regulatory framework for Special Situation Funds (SSF). And the RBI has approved the new dual structure bad bank, NARCL-IDRCL. These two reforms aim to address India’s bad debt problem. While the bad bank is an improved version of […]

Australian pension funds shun China over...

Australian pension funds are pulling out of Chinese stock markets amid fears that President Xi Jinping’s “common prosperity” policy has increased the risk of government interference in the private sector. Senior pensions executives told the Financial Times they fear that under the policy launched last year by Beijing in an effort to achieve a fairer […]

Rushcliffe council leader reassures resi...

The leader of Rushcliffe Borough Council reassured residents that the authority’s funds are unaffected by the ongoing conflict in Ukraine and Russia. Cllr Simon Robinson provided the update in light of the fact that some public sector organizations have made changes to their financial arrangements due to the existing situation in the countries. Cllr Robinson […]

UK hedge funds and Putin cash in as worl...

The result was fuel rationing, very high prices for energy products and a 55 mph speed limit. Today, things are about to get worse, for a period of much less severe political unrest. Everything is happening now as if the current conjuncture will blow the banks of the populations of the European and American continent, […]

Business owner DeKalb creates NFT with l...

DeKALB – Two residents of the DeKalb area creates a non-fungible tokencommonly referred to as NFT, intended to help raise funds in support of those affected by the crisis in Ukraine following a Russian invasion. Matt Binder, owner of Lord Stanley’s and the Annex and World Famous Pizza in DeKalb, said he hopes to partner […]

Help raise money for Baby Brody

BABY Brody Dean van der Schyff, born March 15, 2021, was admitted to Kingsway Hospital with neonatal sepsis and jaundice, four days after he was born. After three unsuccessful lumbar punctures, doctors managed to test the spinal canal fluid and the result came back positive for meningitis. READ ALSO : Amanzimtoti High raises funds for […]

Amundi US Declares Monthly Distributions...

BOSTON–(BUSINESS WIRE)–March 4, 2022– Amundi US today announces the declaration of dividends for six Pioneer closed-end funds for March 2022. Ex-Date: March 16, 2022 Registration Date : March 17, 2022 Payable: March 31, 2022 (HNW, PHD, PHT, MHI, MIO) Payable: April 1, 2022 (MAV) Teleprinter Taxable funds Distribution Per share Change The preceding month HNW […]

These mutual funds are invested in Russi...

pfb1 / Getty Images Russia has been hit with numerous economic sanctions since its invasion of Ukraine, driving the country’s currency to historic lows and putting investments with high Russian exposure at risk. If some of your investments have a high exposure to Russia, including mutual funds, now might be a good time to consider […]

Why Nigeria, Others’ Sovereign Debt Dist

Due to the increase in public debt held by Nigeria and other emerging economies, the IMF has warned that the sovereign debt crisis could spread to banks, pension funds, households and others. segments of the national economy. This was revealed by the International Monetary Fund in a report titled “SHEDDING LIGHT ON DEBT” According to […]

Russia retaliates by confiscating funds ...

Russia would retaliate for the seizure of money from Russian citizens and businesses abroad by seizing funds from foreigners and foreign businesses in Russia, Dmitry Medvedev, deputy head of the Security Council, said on Saturday, according to the RIA news agency. According to Medvedev, Moscow does not rule out nationalizing the assets of companies registered […]

MSMEs get relief through access to funds...

The year 2020 and the first half of 2021 have been the unfavorable period for the world. The year 2022 will be a year to redefine everything. The 2 years of confinement have taught us a new way of life. A few key themes that will further evolve and change the future are – virtual […]

“Milestone Year”: Hedge Funds Reflect on

NOTat first, every UK bank has struggled over the past decade to deal with the fallout from multibillion-pound taxpayer bailouts, trading scams or devastating IT meltdowns. But few have faced as many scandals, near failures and turnaround efforts as the Co-operative Bank. During this period, the mid-sized lender nearly collapsed, its former chief executive was […]

Business News | Stock and Stock Market ...

Search mutual fund quotes, news, net asset values Adani Wilmar INE699H01024, PUNCH, 543458 CDS INE467B01029, SDC, 532540 ICICI Bank INE090A01021, ICICIBANK, 532174 Tata Motors INE155A01022, TATA MOTORS, 500570 Adani Power INE814H01011, ADANIPOWER, 533096 […]

Foreign funds increase net purchases as ...

The Qatar Stock Exchange saw violent gyrations for most of the session on Monday as it finally closed slightly higher, mainly thanks to the insurance, real estate and banking sectors.Foreign institutions were increasingly seen as net buys as Qatar’s 20-stock index fell just two points or 0.02% to 12,670.1 points, recovering from a low intraday […]

Russia Passes Law Allowing State to Seiz...

Russia’s State Duma, the lower house of parliament, has passed a law allowing law enforcement authorities to seek the confiscation of funds obtained illegally from government officials, including cryptocurrency. The state can try to seize the assets through a court if they exceed the income of officials. New Law Allows Russia to Prosecute Officials With […]

Foreign funds increase net purchases ami...

The Ukraine crisis cast its shadow over global stock markets, which was partly reflected in generally weak sentiment on the Qatar Stock Exchange and market capitalization eroded nearly QR 8 billion this week. Despite rising net buying interest from foreign institutions, Qatar’s 20-stock index fell 0.57% this week, helping Barwa report a net profit of […]

Pandemic Recovery Funds Sought for South...

The state would direct $50 million in federal pandemic relief funds to South Omaha under a bill heard Feb. 14 by the Credit Committee. Senator Tony Vargas “data-image-caption=” The senator. Tony Vargas “data-medium-file=”http://update.legislature.ne.gov/wp-content/uploads/2017/01/SenVargas_inline-200×300.jpg” data-large-file=”http://update.legislature .ne.gov/wp-content/uploads/2017/01/SenVargas_inline.jpg” class=”size-medium wp-image-20163″ src=”http://update.legislature.ne. gov/wp-content/uploads/2017/01/xSenVargas_inline-200×300.jpg.pagespeed.ic.wPjCl-DHZ5.jpg” alt=”Sen. Tony Vargas” width=”200″ height=”300″ srcset=”http://update.legislature.ne.gov/wp-content/uploads/2017/01/xSenVargas_inline-200×300.jpg.pagespeed.ic.wPjCl- DHZ5.jpg 200w, http://update.legislature.ne.gov/wp-content/uploads/2017/01/xSenVargas_inline.jpg.pagespeed.ic.bX2rKS8FIn.jpg 297w” sizes=”(max width: 200px) 100vw , 200px” […]

Big bottoms should be able to handle som...

The industry has more than $4 trillion in assets under management and in the United States, private equity-backed companies employ about 11.5 million people, according to data from the American Investment Council, an organization that serves the interests of private equity. By comparison, America’s largest commercial employer, Walmart Inc., has about 2.3 million employees. The […]

Biden’s decision on frozen funds stokes

KABUL, Afghanistan — Many Afghans have expressed outrage at the Biden administration’s decision to divert billions in frozen Afghan central bank assets to American families of 9/11 victims as Afghanistan sinks deeper more and more in economic disaster. The move, which would effectively bankrupt the country’s central bank, adds to the growing animosity many Afghans […]

Trudeau says almost half of protesters’

By Stephanie Taylor, The Canadian Press on February 11, 2022. A Bitcoin ATM sticker is displayed on the window of a cafe in downtown Vancouver October 28, 2013. An anti-money laundering expert says attempts to stop funds from going to protesters who are blocking Parliament Hill and several border crossings are like a game of […]

ED ties journalist Rana Ayyub’s Rs 1.77

Journalist Rana Ayyub. | Photo credit: PTI New Delhi: The Law Enforcement (ED) Directorate said on Thursday that it tied Rs 1.77 crore to journalist Rana Ayyub in connection with a money laundering case filed against her for allegedly embezzling funds raised in the name of aid and charity through a website – ketto.com. An […]

Seizure of funds of Rs 288-cr from Chine...

A FEMA Competent Authority has ‘confirmed’ the seizure of funds worth Rs 288 crore from a ‘Chinese-owned’ Non-Banking Financial Company (NBFC) which lent instant loans through mobile apps and then allegedly harassed the borrowers by “misusing” their personal data. The data. An order was issued by the Commissioner of Customs in Chennai […]

Nigeria: Ministry of Finance, CBN and ot...

The Federal Ministry of Finance, the Central Bank of Nigeria (CBN), the Office of the Accountant General of the Federation and other agencies of the Federal Government yesterday voiced their support for the House of Representatives inquiry into the unclaimed funds in commercial banks as well as on unremitted funds. funds collected on behalf of […]

Cogent e-services files draft documents ...

Cogent e-services Ltd has filed preliminary documents with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The initial share sale includes a new issue of capital shares aggregating up to Rs 150 crore and an offer for sale of up to 994.68 lakh capital shares by promoters, according to the […]

Amundi US Declares Monthly Distributions...

BOSTON–(BUSINESS WIRE)–February 3, 2022– Amundi US today announces the declaration of dividends for six Pioneer closed-end funds for February 2022. Ex-Date: February 17, 2022 Registration Date : February 18, 2022 Payable: February 28, 2022 Teleprinter Taxable funds Distribution Per share Change The preceding month HNW Pioneer Diversified High Income Fund, Inc. $0.1100 DOCTORATE Pioneer Floating […]

ESMA guidelines on marketing communicati...

United States: ESMA guidelines on marketing communications for funds will start to apply February 02, 2022 Proskauer Rose LLP To print this article, all you need to do is be registered or log in to Mondaq.com. On February 2, 2022, the new ESMA Guidance on Marketing Communications under the Cross-Border […]

Online funds transfer between post offic...

Finance Minister Nirmala Sitharaman has announced that post office accounts will be placed under cover of core banking. It will be possible to transfer money from postal accounts to other bank accounts. This will promote financial inclusion and be a big boost for farmers. The 2022 budget focuses on financial inclusion, Nirmala Sitharaman said while […]

Bay Area projects await infusion of infr...

Plans to close schools in Oakland spark community protestsThe Oakland school community was shocked to learn that 19 OUSD public schools could close or merge over the next two years. Reports by John Ramos. (30-1-22) 12 minutes ago Hundreds of people march in SF to mark the death of Thai grandfather Vicha RatanapakdeeHundreds of people […]