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.
Varun Dhawan Sponsors Meals To Doctors, Hospital Staff: Check Out Other Actors' Contribution - Ibtimes India
Varun Dhawan has announced that he will sponsor meals for the needy and also the doctors and other hospital staff. He has also donated to the PM relief fund. Here's also the list of other actors who have contributed to daily wages, PM, and CM fund.
Zupee Raises USD 8 Mn Funding From Matrix Partners, Others | Business Standard News
Skill-based gaming company Zupee on Wednesday said it has raised USD 8 million in funding led by Matrix Partners India. The startup, founded by Dilsher Singh Malhi and Siddhant Saurabh, also saw participation from Falcon Edge Capital, WestCap Group, Orios Venture Partners and Zupee's early stage investor Smile Group in the series A round, a statement said. The capital raised from this round will be used to invest deeper in technology, staff and marketing, it added. Zupee runs live quiz tournaments on its app in which users compete with friends and other players for prizes.
Hedge Fund Alert :: Search Results
Another former Appaloosa Management executive is striking out on his own.Aaron Weitman, both a nephew and protege of Appaloosa chief David Tepper, has penciled in July 1 to launch the debut fund from his CastleKnight Management. He is expected to start with at least $100 million, including an undisclosed contribution from Tepper.CastleKnight would employ event-driven and special-situations strategies, using fundamental analysis to invest across...
Businessman Busted For Stealing About 2 Million Coronavirus Face Masks
A Spanish businessman ripped off about two million face masks from a warehouse -- and sold all but 100 to neighboring Portugal before he was busted, according to new reports. The suspect, identified only as the director of a well-known local real estate firm, swiped the masks and other protective equipment including surgical gloves back...
Hedge Fund Titan Crispin Odey Says The Coronavirus Meltdown Will Most Closely Resemble The Great Depression | Markets Insider
Virus-induced lockdowns and the global oil-price war will plunge economies into a "different era" of stifled activity and weak profits, he said.
Shippo Notches $30M In Series C Funding
To make it as easy for shippers to mail a package as sending a text message, Shippo has notched $30 million in Series C funding. The raise, which was led by D1 Capital Partners, brings the shipping platform's total funding to $59 million. Union Square Ventures, Version One, Uncork Capital and Bessemer Venture Partners also [...]
Led By Simple Co-founder, Portland Startup Sila Raises $7.7M To Grow Fintech Infrastructure Platform - Geekwire
Fintech startup Sila just raised $7.7 million to help developers add banking and payment capabilities to their products. Madrona Venture Group and Oregon Venture Fund led the large seed round. The Portland, Ore.-based startup offers an API that aims to make it easier to enable white-label ACH payment processing, money transfers, digital wallets, and more, all in a compliant manner. The idea is to replace the need to integrate with legacy financial institutions and speed up the time it takes for companies to implement payment features in an app or software product.
Masks, Hand Sanitisers To Be Distributed To 350,000 Migrant Workers In Dormitories - Cna
SINGAPORE: Reusable face masks will be given out to about 350,000 migrant workers who live in dormitories, said the Migrant Workers' Centre (MWC) on Wednesday (Apr 8). The first batch of 120,000 reusable masks has been distributed, said MWC, which is working with the Dormitory Association of ...
Free Article Limit Reached - The Northern Miner
Canada's Cameco (TSX: CCO; NYSE:CCJ), the world's largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility, in Ontario, in...
Banking Api Platform Sila Raises $7.7M On Promise Of Programmable Money
The $7.7 million round from Madrona Venture Group and others will help Sila bring bespoke stablecoins to fintech entrepreneurs. : Sila CEO Shamir Karkal (left) with CTO Alexander Lipton, Chief Legal Officer Angela Angelovska-Wilson and COO Isaac Hines. (Credit: Sila) Banking services provider Sila has raised $7.7 million to build out features for a platform that allows entrepreneurs to easily launch programmable, USD-pegged stablecoins. Sila is an application programming interface (API) platform for entrepreneurs to quickly tap banking tools. The platform has a developer suite that issues an ERC-20 stablecoin called SilaToken (SILA).