Latest News for: India wealth fund

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Indian ambassador: UAE-India bilateral relations a paradigm to the world

Gulf News 26 Jan 2023
This day in 1950, the Constitution of India entered into force and India became a sovereign, democratic republic ... The India-UAE partnership is accelerating fast and this is also reflected in investments made in India by the UAE sovereign wealth funds across renewable energy, telecommunications, road infrastructure, affordable housing and start-ups.
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China, India firms dropped by Norway fund over Myanmar weapons

Al Jazeera 25 Jan 2023
Norway’s sovereign wealth fund, the world’s largest, has excluded two companies from China and India for selling light combat aircraft and a weapons system to military-ruled Myanmar ... The decision to exclude the two companies was taken by an ethics board, the fund said in a statement released on Tuesday.
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Norway fund drops China, India firms over sale of weapons to Myanmar

Live Mint 25 Jan 2023
The Norwegian sovereign wealth fund, the largest in the world, has removed two companies from China and India from its investment portfolio due to their involvement in the sale of weapons to Myanmar. The decision, made by the Norwegian central bank, who manages the fund, was based on violation of the fund's ethical guidelines.
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New IPO: PayMate India to refile DRHP after receiving final nod from RBI for payment aggregator licence

Live Mint 25 Jan 2023
SAR is a part of the standard operating protocol to get the final approved PA authorisation from the Reserve Bank of India (RBI) ... The company's promoters -- Ajay Adiseshan and Vishvanathan Subramanian and investors -- as well as Lightbox Ventures I, Mayfield FVCI Ltd, RSP India Fund LLC and IPO Wealth Holdings are to sell shares through the OFS.
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SEBI asks PayMate India to refile DRHP with updates

IIFL Securities 24 Jan 2023
B2B payments and services provider PayMate India has been ... The promoters of the company are Ajay Adiseshan and Vishvanathan Subramanian and investors — as well as Lightbox Ventures I, Mayfield FVCI Ltd, RSP India Fund LLC and IPO Wealth Holdings are to sell shares through the OFS.
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PayMate India to refile draft IPO papers after receiving final nod from RBI for payment aggregator licence

Live Mint 24 Jan 2023
 SAR is a part of the standard operating protocol to get the final approved PA authorisation from the Reserve Bank of India (RBI).'We are confident of a quick turnaround by RBI, and thereafter refiling DRHP with relevant updates along with the RBI final approval,' PayMate ...
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SEBI asks PayMate India to refile IPO papers with certain updates

Financial Express 23 Jan 2023
Pine Labs may shift $500-m IPO to India ... The company’s promoters — Ajay Adiseshan and Vishvanathan Subramanian and investors — as well as Lightbox Ventures I, Mayfield FVCI Ltd, RSP India Fund LLC and IPO Wealth Holdings are to sell shares through the OFS ... Also ReadPayMate India files IPO papers with Sebi to raise Rs 1,500 crore.
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WEF Davos: Income inequalities in India \u2014 How much does taxation help?

Indian Express 22 Jan 2023
Closer home, the introduction of a three per cent wealth tax on India\u2019s billionaires can fund the National Health Mission for 5 years ... While nearly every country has recognised that women\u2019s entrepreneurship is a critical mechanism to create wealth accumulation ...
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Jaipur Literature Festival: Quills & brushes

Financial Express 21 Jan 2023
“The Amaravati Stupa is an important lynchpin in the story of development in India,” says Blurton, the author of India ... Shaping Geopolitics and the Destinies of Nations, author Anirudh Suri, managing partner of India Internet Fund, a technology-focused venture capital fund, describes technology as the new “wealth of nations”.
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Davos 2023: UAE’s Mubadala to focus on Asia deals as China recovers

Gulf News 18 Jan 2023
The $284 billion Abu Dhabi wealth fund expects a “strong recovery” in China this year and also sees “very exciting opportunities” in Indonesia, South East Asia, Japan and Korea, CEO Khaldoon Khalifa Al Mubarak said in a Bloomberg Television interview at Davos on Wednesday.
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Inside gaming studios’ new lobby

Your Story 17 Jan 2023
Lighthouse Canton, the Singapore-headquartered wealth and asset management firm, has completed the first close of its maiden venture debt fund in India at Rs 155.4 crore ... fund for India will back startups in Series A and beyond, with cheque sizes ranging from Rs 5 to Rs 15 crore.
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Creating unicorns in UAE: 8 Indian start ups present pitches in Dubai

Khaleejtimes 17 Jan 2023
Speaking at the event, Dr Aman Puri, consul general of India, Dubai said, “We see the sovereign wealth funds of the UAE based in Abu Dhabi and Dubai looking at the Indian startup ecosystem, with a huge amount of positivity and understanding on how we can engage together.
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Report suggests wealth tax on billionaires, GST review

Financial Express 16 Jan 2023
Top 10% own 72% of wealth in India ... half of society, with nearly 40.6% of the total wealth in India ... However, according to Oxfam India’s estimates, 1% of wealth tax on Indian billionaires can fund the National Health Mission with an allocation of Rs 369.6 billion for three years.
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‘Unprecedented confidence’ in India: PM at Global Investors Summit in Indore

Hindustan Times 11 Jan 2023
International Monetary Fund (IMF) sees India as a bright spot in the global economy, and the World Bank has expressed earlier that India is in a better position to deal with global headwinds than many other countries,” the Prime Minister said, adding, “India will be among the fastest-growing economies in the G-20 group this year.”.
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Buying a Rs 50 lakh house with Mutual Fund SIP: How much time will it take?

Financial Express 03 Jan 2023
Mutual Fund Systematic Investment Plan (SIP) is considered a good option for accumulating wealth to attain different goals, including home buying ... (The calculation above is based on data provided by Funds India Wealth Conversations Report December 2022) ... Mutual fund investments are subject to market risks.

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In this photo provided by the Ukrainian Presidential Press Office, Ukrainian President Volodymyr Zelenskyy, right, and former British Prime Minister Boris Johnson talk during their meeting in Kyiv, Ukraine, Sunday, Jan. 22, 2023.
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Annalena Baerbock (2021)
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