[ad_1] Shares of Samsonite International dropped as much as 12% to their lowest level in almost a month on the Hong Kong stock exchange after the luggage maker said on Friday it plans to seek a dual listing. The company, which also owns the American Tourister and Tumi luggage brands, did not say which exchanges…
[ad_1] MUMBAI: Shapoorji Pallonji Group is exiting the data centre construction business that it pioneered in the country. SP Group has sold the business to a group of investors including as many as 30 individuals — making it a rare M&A deal — for Rs 700 crore. Typically, in buyout deals, acquirers are limited in…
[ad_1] Amid market regulator Sebi’s concern over heightened inflow in small-cap and mid-cap funds, industry experts said they do not see any alarming signs of redemptions in this space. Despite the concerns, investors are anticipated to continue pursuing these funds due to their potential for high returns, they added. Sebi, late last month, asked mutual…
[ad_1] MUMBAI: Byju Raveendran, founder and CEO at troubled edtech startup Byju’s hit out at a group of investors, stating that their move to disable the company from using the funds raised through the rights issue has hindered disbursement of salaries to employees. “….I regret to inform you that we will still be unable to…
[ad_1] ELSS tax saving funds: As the financial year comes to a close and individuals seek avenues for tax savings under Section 80C, Equity Linked Savings Schemes (ELSS) emerge as a popular choice. With the potential to provide tax benefits of up to Rs 1.5 lakh, ELSS presents investors with an opportunity to save on…
[ad_1] India’s markets regulator has asked mutual funds to take steps to protect investors in small- and mid-cap plans amid concern that some parts of the nation’s $4.5 trillion stock market have become overly exuberant.The Securities and Exchange Board of India(Sebi) has prescribed measures, such as potentially moderating flows into such funds and safeguarding unit…
[ad_1] MUMBAI: The National Company Law Tribunal (NCLT), in an interim order, has directed Byju’s management to keep the funds received as part of the rights issue in a separate escrow account. The court specified that the funds should not be withdrawn until the disposal of the oppression and mismanagement suit filed by investors against…
[ad_1] MUMBAI: The National Company Law Tribunal (NCLT) on Tuesday reserved its judgement on the plea filed by a few of Byju’s investors seeking the court’s intervention to declare the firm’s rights issue as void and the founders as unfit to run the company, citing oppression and mismanagement. This essentially allows the company to go…
[ad_1] Warren Buffett‘s annual letter: Warren Buffett, often dubbed the ‘God of Stocks’, recently released his annual letter to shareholders, and as expected, investors worldwide are paying close attention. This year’s letter, spanning 16 pages, begins with a heartfelt tribute to his ‘partner in crime’, Charlie Munger, who passed away the previous year.According to ET,…
[ad_1] MUMBAI: Byju’s management and its investors are headed for a showdown with a group of investors in Think & Learn, the troubled edtech startup’s parent, voting to remove founder Byju Raveendran as CEO and restructure the board that includes his wife Divya Gokulnath and his brother Riju Ravindran.The announcement by investors led by Prosus,…
