Sti Inches Up Amid Mixed Regional Showing, Companies & Markets News & Top Stories - The Straits Times
July 09, 2020 5:00 AMLocal shares eked out modest gains yesterday against a mixed showing by regional peers as investors sought to get a handle on the direction of the global recovery.
Gic-backed Traveloka Nears Fresh Fund Raising At Sharply Lower Valuation, Companies & Markets News & Top Stories - The Straits Times
July 08, 2020 10:21 AMSINGAPORE (BLOOMBERG) - Traveloka, South-east Asia's biggest online travel start-up, is close to raising fresh funds at a private-market valuation of about US$2.75 billion - roughly 17 per cent less than its most recent fundraising, according to people familiar with the matter.
Facebook was the first deal announced by Jio Platforms on 22 April, after which 11 more foreign investors evinced interest. The post Facebook pays $5.8b subscription amount to Jio Platforms appeared first on DealStreetAsia.
The fund, which had a target of $150m, has already completed two investments. The post PH-focused PE firm Navegar closes second fund at $197m, exceeds target appeared first on DealStreetAsia.
Virgin Australia Bondholder Broad Peak Investment Launches Court Action Over Secret Bain Capital Deal
One of Virgin Australia's largest bondholders is pushing to unseal the secret details of a deal to sell the bankrupt airline to private equity firm Bain Capital.
Rothschild & Co Asset Management Europe, part of Rothschild & Co. group, revealed plans to move its entire hedge fund business to Candriam. This business is worth around EUR350 million. The deal includes Rothschild AM's alternative investment "fund of funds" and a micro-finance unit. The deal will boost Candriam's hedge fund assets to EUR600 million. [...]
Rothschild & Co Asset Management Europe, part of Rothschild & Co. group, revealed plans to move its entire hedge fund business to Candriam. This business is worth around EUR350 million. The deal includes Rothschild AM's alternative investment "fund of funds" and a micro-finance unit. The deal will boost Candriam's hedge fund assets to EUR600 million. The move is pending regulatory approvals. In the grand scheme, Rothschild manages more than EUR21 billion and Candriam has roughly EUR130 billion in assets under management. Candriam is owned by New York Life Insurance Company.
CBDT notifies changes that will also apply to pension funds. : Investments by sovereign wealth funds (SWFs) and pension funds in 34 key infrastructure sectors including hotels, cold chains, educational institutions, hospitals and gas pipelines will get tax exemptions on some categories of incomes, the Central Board of Direct Taxes (CBDT) said on Tuesday. In this regard, the CBDT aligned the definition of infrastructure with the harmonised master list of infrastructure sub-sectors notified by the Department of Economic Affairs in August, 2018.
Founded in 2010, Solink Corporation provides video security and business analytic solutions for businesses including restaurants, retailers, and financial organizations. IT Ventures also participated in the round. Laura Lenz, partner at OMERS Ventures, will join Solink's board of directors. OMERS Ventures is a unit of the Ontario Municipal Employees Retirement System (OMERS).
Cbdt Notifies Income Tax Exemption On Sovereign Wealth Funds' Income From Infra Investment - The Financial Express
This notification shall come into force from April 1, 2021, and shall be applicable for the assessment year (AY) 2021-22 and subsequent AYs, the CBDT said.