NEW DELHI: Enforcement Directorate has initiated a drive to return lost funds to nearly six crore investors affected by Rs 50,000 crore Pearl Group ponzi scam.The agency said it has shared details of Rs 700 crore worth of attached assets of Pearl Agro Group with Justice Lodha Committee, the panel appointed by Supreme Court to…
MUMBAI: Investors on Dalal Street will have the option to select from at least 16 IPOs to invest in the coming week, making it one of the busiest weeks for primary offers in recent years. Together, these 16 IPOs are aiming to raise nearly Rs 9,000 crore from the market, data on Chittorgarh, a web…
MUMBAI: In volatile trades on Monday, the sensex closed a marginal 57-point lower at 79,649 points as investors on Dalal Street mostly discounted US short-seller Hindenburg Research‘s report that alleged conflict of interest on part of Sebi chief Madhabi Puri Buch while investigating alleged wrongdoings by Adani Group.While the latest Hindenburg report didn’t have much…
NEW DELHI: After infusing money during the last two months, foreign investors have turned net sellers as they pulled out over Rs 13,400 crore from Indian equities in August so far due to unwinding of the yen carry trade and recession fears in the US.So far this year, FPIs have made a net investment of…
NEW DELHI: Days after three UPSC aspirants drowned after rainwater accumulated on the road flooded the library at Rau’s IAS coaching centre in central Delhi’s Old Rajender Nagar, Anand Kumar, the renowned founder of Super 30, expressed his concerns about the current state of coaching institutes. Kumar pointed out that students have now become ‘clients’…
Akshay Kumar Diversified entrepreneur Ravi Jaipuria and actor Akshay Kumar have invested in Fashion Entrepreneur Fund (FEF), a platform that provides early stage investments and mentorship to fashion entrepreneurs, FEF said in a press statement on Friday. The fund is being set up on a corpus of $ 3 million, according to the platform. The…
According to the World Gold Council (WGC), many consumers have shifted from jewellery to gold bars and coins as the prices of the yellow metal have surged, making it a preferred asset class among investors. Seasonal factors and high prices have dampened the demand for gold jewellery. At the same time, anecdotal reports indicate persistent…
World Gold Council (WGC) in its mid-year outlook 2024 has said that the catalyst for gold could come from falling rates in developed markets, that attract Western investment flows, as well as continued support from global investors looking to hedge bubbling risks amid a complacent equity market and persistent geopolitical tensions. Gold has performed remarkably…
NEW DELHI: Hospitality startup Oyo, is looking to raise approximately Rs 1,000 crore ($120 million) in fresh round of funding, primarily from the family offices of prominent Indian corporate executives and stock market experts, as reported by The Economic Times citing people aware of the development.The startup valuation will plummet by 72% from $9 billion…
MUMBAI: Investors, globally, do not like surprises. They also prefer a status quo. Surprisingly, both these elements were missing during Tuesday’s trading on Dalal Street. The result: A never-seen-before 4,390-point crash in Sensex and a Rs 31-lakh-crore wealth destruction in just six-and-a-half hours.On Tuesday, contrary to exit poll predictions of a resounding election mandate for…
