Sep 14, 2016 - Three foreign funds vie for 25 per cent in Edelweiss ARC

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Sree Vijaykumar From the Editor's Desk Learning should never stop. The Feynman technique is a simple technique that helps you learn anything new. Step 1: Choose a concept that you think you broadly understand. Step 2: Explain it to a child (yes, if you know it well enough, you should be able to teach it to a child; also prevents you from relying on jargon). Step 3: The previous step would have helped you understand your own gaps in knowledge (you stumble explaining in simple terms when you don't understand something clearly), so go back and fill in those gaps. Step 4: Repeat Steps 2 and 3 till there are no gaps. You have now really learnt something new! More here Advertisers of the day Club Mahindra: 25 years of holiday now begin with an assured 3N Swiss vacation* Puravankara Projects Limited: Book luxury residences located 3kms from Koramangala   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Three foreign funds vie for 25 per cent in Edelweiss ARC This would mean Edelweiss ARC could be valued at anywhere between $660 million and $1 billion, depending on how the negotiations shape up. Aditya Birla PE to sell stake in Olive Bar Kitchen Aditya Birla PE hires bankers to sell its 33% stake in Olive Bar & Kitchen for a complete exit Will the rush of exits in BSE’s IPO put off new investors? The fact that so many prominent investors are rushing for the exit door, and that too with negative returns, is clearly a bad advertisement for the BSE IPO Vodafone plans to invest $3 billion into India operations The co is also believed to be reviewing the timelines for Vodafone Indias IPO, wary of value erosion due to a tariff war unleashed by Jio. Centre, states to share talent pool in tax evasion fight The blueprint drawn up by CBEC envisages employing state GST officials in central tax evasion and intelligence wings on deputation An IPO wave is just starting While the Indian markets have seen a pick-up in new share sales in 2016, the market for initial public offers (IPO) worldwide has been in a slump Reliance Capital to demerge, list home finance arm All shareholders of Reliance Capital will receive one free share of Reliance Home Finance Ltd for every one share held in Reliance Capital, the company said in a statement. Equitas Small Finance Bank to prepay Rs 3,000 crore debt to reduce fund cost The funds were raised at a much lower 9.5% average cost, which was about 200 basis points lower than its earlier borrowing cost of 11.5-12%. What are brokerages saying about prospects of a rate cut now? The ratings agency said positive impact of the favourable monsoon is starting to reflect in lower food prices and the trend is likely to continue. Check if you are ready for equity before you invest As the Sensex plays touch and go with the 29,000 mark, many new investors are coming into the equity market. However, to create value for their investment, they will have to weather the next downturn too Banks add leverage to spice up 'masala' bonds for expatriate Indians Non-resident Indians (NRIs) living in financial centres such as Hong Kong and Singapore are ideal target investors as they are comfortable with rupee debt. Over 70% newly-listed cos give smart returns to investors E-commerce player Infibeam Incorporation, whose shares got listed in April, comes second by surging 96.52 per cent as compared to the issue price. Manappuram Finance raises Rs 200 cr via NCDs The company, which started as a gold loan company, has today expanded and ventured into foreign exchange and money transfer as part of diversification. Indian companies face the spectre of disruption More than the disruption itself, it is the velocity of change that constitutes the biggest threat to companies The formulas of Motilal Oswal’s new equity fund- Livemint Investments are decided by a table based on the index and this removes the fund manager’s subjectivity, as is the case with most other dynamic equity funds;the rebalancing will happen once a fortnight If India makes the right moves, Hong Kong tycoons could open up their purse strings India needs to recognsie the investment potential Hong Kong based companies possess and ease its mind about indirect investments from mainland China flowing in via Hong Kong Modi government's Invest India programme sets in motion a quiet revolution for India-bound investors Besides Wanda and Marks and Spencer, Invest India has helped big-ticket names such as Indo-UK Healthcare and IKEA to get their businesses going in India. Bhattacharya may get 6 months more as SBI chief Though bad loans eroded income growth this year, she has engaged turnaround experts to help ditch those distressed assets, it said. Sequoia Capital in talks to sell stake in eight firms for $200 million Sequoia Capital has been holding talks with several funds specializing in second-hand private equity interests How India’s digital economy can recover its mojo The recent crisis of confidence brought by unicorn meltdowns isn’t for real. India’s digital economy is actually poised for a bright future Asset management companies take NBFC route to fund realty projects More than half a dozen institutional investors are in the process of procuring a licence to set up NBFC, buying out existing NBFC or reviving existing but dormant entity Central banks may reverse easy monetary policy stance after selloff in global financial markets Stock benchmarks fell 1.6% on Monday after dropping almost 1% on Friday and the rupee weakened further, mirroring the selloff overseas. Investors flock to dynamic equity funds The price-to-earnings ratio of Nifty is 23.89, a 19% premium to its 10-year historical average of 20.09, which makes many wealth managers advocate caution. Prudential may pare stake by up to 5.83% in ICICI Prudential Life after IPO According to the revised terms of their joint venture agreement, ICICI Bank and Prudential have both agreed to shed their stake in the insurer Masala bonds are no silver bullet It is too early to conclude that they will have no downside risk, particularly if a huge amount of debt is issued suddenly Innerwear firm Dixcy eyes Rs300 crore PE fundraising Dixcy is in the process of hiring investment bank Avendus Capital to advise it on the transaction Palogix Infra in talks with private equity firms to raise Rs150 crore Logistics firm Palogix Infrastructure plans to use the funds to expand its network of private freight terminals network from the current five HDFC raises Rs4,500 crore via masala bonds till date The third Rs1,000 crore issue of the rupee-denominated bonds meant to be subscribed by overseas investors closed on Monday, HDFC said Cairn India shareholders clear merger with Vedanta The equity shareholders of Cairn India Limited on Monday approved the merger of the company with its parent Vedanta Limited with requisite majority, paving the way for a creating a resource powerhous Motherson Sumi to raise over Rs560 crore via equity issue Motherson Sumi Systems’ board approved the issue and allotment of 17,762,460 shares of face value of Rs1 to Japan’s Sumitomo Wiring Systems Axis, Yes Bank and Kotak Mahindra among new shareholders of National Payments Corporation of India The new shareholders are 13 public sector banks, 15 private sector banks, one foreign bank, 10 multi-state cooperative banks and 7 regional rural banks. Indiabulls Housing Finance's maiden NCD to kick off on 15 September The base issue size is of `3,500 crore with an option to retain oversubscription of up to `3,500 crore Why mutual funds don’t seem to like gold loan companies Data shows that mutual fund houses are not that keen on riding the rally in gold loan stocks, as they have very little exposure to such companies SBI launches upgraded online trading platform The platform offers customers other products and services, such as home and car loans apart from guides and educational content for investors. Seven oil PSUs plan to set up Rs100 crore start-up fund Indian Oil, BPCL, HPCL, Gail, Oil India, Engineers India and ONGC will be pitching `10-20 crore each to create the start-up fund Reliance Capital hives off commercial finance business Reliance Capital has asset under management including securitized portfolio) portfolio of Rs 16,451 crore as of June 30, 2016. Eleven Indian banks risk breaching Basel III capital triggers: Fitch The rating agency said that the end of June, the total capital adequacy ratio for 11 banks was at or less than the minimum 11.5 per cent required by end-March 2019. Uber, drivers start talks after $100 million pact denied The dispute centres around whether Uber drivers should be treated as employees than independent contractors Paytm to use Aadhaar-based client-authentication system for its payment bank The electronic know-your-customer system known as eKYC, which will be offered through Aadhaar, is part of an initiative called India Stack. Value proposition, differentiation will be the selling point for e-tailers this festival season Addressing delays in delivery, unavailability of products is the key to customer satisfaction Big UK retailers looking for local partners in India, says Harsimrat Kaur Badal While India recently allowed 100% FDI in retail of food products manufactured within the country, Badal said most foreign retailers would prefer a local partner. Government issues guidelines to regulate direct selling companies like Amway, Avon and others Direct selling companies applauded the consumer affairs ministry for the guidelines, which industry executives said would weed out fraudulent players. Global retail finds sourcing clause difficult to swallow The government is using various methods from luring companies to even pressurising them to invest, according to various executives directly aware of the matter. Telecom truce! Bharti Airtel agrees to take Jio's voice call, says will provide additional POIs Jio didnt comment on the matter Tuesday. Airtels decision comes after Idea Cellular said Monday it would release an additional 196 PoIs for Jio. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India