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business-standard.com March 27, 2020

Changes To Finance Bill May Revive Reit, Invit Market, Attract Capital | Business Standard News

According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs. : The amendments to the Finance Bill 2020 earlier this week, which exempt dividend earned by unitholders of real estate investment trusts (REITs) and infrastructure investment trusts (InVITs) from tax, are set to revive the market for these instruments. According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs. This was likely to adversely impact about six upcoming issues, including those by Brookfield and Reliance Industries’ Tower Infrastructure Trust along with K Raheja Corp’s Mindspace Business Park REIT.
Read by 45% of LPs

businesstoday.in 10 minutes ago

India Inc Takes Invit, Reit Route To Raise Funds In Sinking Market

Reports say that the global investors including Brookfield, Omers, Mubadala and ADIA are in early stage discussions with Tata Power to invest around $500-600 million in its renewable energy InvIT.
Read by 43% of LPs

forbes.com 40 minutes ago

Venture Capital Firm General Catalyst Raises $2.3B Amid Coronavirus Crisis.

The Covid-19 pandemic, and the social isolation required to fight its spread, has released a torrent of uncertainty on the investing world as much of the economy shutters, millions shelter in place, and travel halts. Still, throughout this calamity, venture firms continue to invest and fundraise.
Read by 68% of LPs

theguardian.com 40 minutes ago

Australian Authorities To Check Every Proposed Foreign Investment During Coronavirus Crisis | World News

Government addresses concerns that distressed Australian assets could be vulnerable amid the economic falloutSign up for Coronavirus: Australia at a glance, our daily email newsletterCoronavirus Australia maps and cases: live numbers and statisticsAll proposed foreign investments into Australia are to be checked, as the government seeks to protect distressed Australian assets from the economic fallout of the coronavirus crisis.The government has not frozen foreign investment, but will subject all foreign investments to an approval review, regardless of the value or the nature of the investment.
Read by 59% of LPs

chicagobusiness.com 1 hour, 10 minutes ago

Millennium, Citadel Cut Losses After U.s. Moves Help Markets

To view the full story, click the title link. : (Bloomberg) -- Hedge fund firms, including those run by Ken Griffin, Izzy Englander and Steve Cohen, trimmed losses suffered earlier this month thanks in large part to the U.S. government. Citadel, Millennium Management and Point72 Asset Management were among the money managers that struggled in the first half of March as the effects of the spreading coronavirus virtually halted the global economy and seized up markets from stocks to bonds to commodities.
Read by 39% of LPs

prnewswire.com 1 hour, 40 minutes ago

Raytheon And United Technologies Obtain All Regulatory Approvals To Close Merger Of Equals

WALTHAM, Mass. and FARMINGTON, Conn., March 30, 2020 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and United Technologies Corporation (NYSE: UTX) announced that they have received the necessary regulatory approvals for their all-stock merger of equals and expect to close the merger prior...
Read by 49% of LPs

pymnts.com 2 hours, 10 minutes ago

Us Mall Owner Taubman Tells Tennants To Pay Up

U.S. mall owner Taubman is telling tenants that their rent must be paid despite the inability to meet obligations, according to a CNBC report on Sunday (March 29). The real estate investment trust said it still has its obligations to meet -- such as paying lenders on mortgages and paying for utilities, according to a [...]
Read by 69% of LPs

channelnewsasia.com 2 hours, 20 minutes ago

Activist Investor Valueact Takes 7per Cent Stake In Japanese Chip Materials Maker - Cna

TOKYO: U.S. hedge fund ValueAct Capital has become a major shareholder in Japanese chip and display materials maker JSR Corp with more than a 7per cent stake, as activist investors are increasingly targeting cash-rich Japanese companies. ValueAct, with more than US$12 billion in assets under ...
Read by 61% of LPs

dealstreetasia.com 2 hours, 30 minutes ago

Japan's Ai Tech Company Aising Bags $6.5M In Series B Round

Sparx Group, Dai-ichi Life Insurance and Mitsui Sumitomo Insurance Venture Capital joined the round. The post Japan's AI tech company AISing bags $6.5m in Series B round appeared first on DealStreetAsia.
Read by 52% of LPs

dealstreetasia.com 2 hours, 40 minutes ago

Adb To Invest $100M In Indian Wealth Fund Niif's Fund Of Funds

NIIF is looking to raise $1 billion for its Fund of Funds. The post ADB to invest $100m in Indian wealth fund NIIF's Fund of Funds appeared first on DealStreetAsia.
Read by 50% of LPs

xconomy.com 2 hours, 40 minutes ago

Xconomy: San Diego Biotech Entrepreneurs, Innovation Lead To "maturing" Ecosystem

The local biotech ecosystem is growing up thanks to its innovative science and collaborative ecosystem, advantages that put it nearly on par with the nation's top life science regions, according to industry veterans. San Diego has long been considered a second-tier primary biopharma hub in terms of number of companies and venture capital raised, falling [...]
Read by 60% of LPs