Equity fund managers to get sky-high bonuses amid stellar asset growth

[ad_1] Mutual fund houses are likely to dole out higher bonuses and increments this year in a bid to retain and reward top performers. Equity fund managers will be in the spotlight given the fast clip at which assets have...

Ecozen raises $30 million via debt and equity

[ad_1] Ecozen, a company that develops climate-smart technology solutions, has raised $30 million in a mix of debt and equity. Also read:Ahead of elections, FPIs pull out ₹325 crore from Indian equities in April first weekA media statement said this...

IIFL Finance board approves rights issue of up to ₹1,500 crore

[ad_1] The board of IIFL Finance Ltd has approved a rights issue not exceeding ₹1,500 crore.According to the company’s stock exchange filing, the issue involves 4,23,94,270 fully paid-up equity shares of face value ₹2 each aggregating to ₹1,271.83 crore (assuming...

Investors reap rich harvest in both equity and gold amid huge volatility in FY24

[ad_1] With both equity and gold prices hovering around record highs, market experts believe investors should review their portfolio and book some profit from equity for allocation to gold, as it has more steam to rally after the US rate...

Fall in mid, smallcaps may spur rejig in MF flows 

[ad_1] Small and midcap schemes are likely to see lower inflows in March compared to previous months after the recent correction in the space. Also read:MF small-cap schemes plunge into the red as market tremblesAbout two-fifths of equity flows in...

Wearable device maker Ultrahuman raises $35 million from existing investors

[ad_1] Wearable tech start-up Ultrahuman has raised $35 million in a mix of debt and equity in its Series B round. The round saw participation from venture capital firms Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation, and...

ATC to convert Vodafone Idea OCDs worth ₹1,440 crore into equity

[ad_1] Vodafone Idea Ltd (VIL) informed the exchanges that American Tower Corp (ATC) has requested VIL for conversion of 14,400 OCDs amounting to ₹1,440 crore into 144 crore fully paid-up equity shares of face value of ₹10 each. “VIL will...

India’s Maritime Development Fund likely to be in place by year-end

[ad_1] India’s proposed Maritime Development Fund – that looks at providing long term, low cost financial support and push towards indigenous ship-building – is likely to be ready by the end of this year, multiple officials of the Ministry of...

IPO screener: Retail investors make beeline to RK Swamy issue

[ad_1] The initial public offering from RK Swamy saw a strong response from retail investors, as it was subscribed 2.18 times on Day 1 itself. The ₹423-crore IPO received bids for 1.79 crore shares as against an offer for 82.32...