Inox Clean Energy has secured a significant Rs 700 crore investment from the Adar Poonawalla Family Office, boosting its valuation to Rs 70,000 crore. This follows earlier backing from US pension fund CalPERS. The funding underscores strong investor confidence in…
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The Income Tax Department is intensifying its review of charitable trusts and non-profits, demanding detailed fund utilisation and governance information. This intensified scrutiny follows the detection of discrepancies in filings with various regulators. Hundreds of trusts, particularly those receiving foreign…
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Bank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of gross negligence, failing to conduct proper due diligence, and allowing fraudulent transactions without adhering to anti-money laundering…
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The Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions be completely shielded from them. Officials argued that allowing exposure could legitimize speculative products with no economic benefit and pose…
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According to the latest Moody’s Ratings report, India’s private credit market has doubled in size over the past five years to around $25 billion in assets under management (AUM) and is poised for sustained expansion as rising corporate funding needs…
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India’s private equity and venture capital sector is pushing for a crucial structural change to attract more foreign investment. The industry advocates for converting Alternative Investment Funds (AIFs) from trusts to Limited Liability Partnerships (LLPs), a globally recognized and preferred…
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