Differential impact of demonetisation across ABS transactions: Ind-Ra

Credit ratings agency India Ratings and Research (Ind-Ra) on Monday said it has observed differential impact of demonetisation across asset-backed securities (ABS) transactions. According to the agency's report -- Indian ABS Escape Demonetization Stress Tests with Bruises -- while the impact of demonetisation in the commercial vehicle (CV) and construction equipment (CE) loans has been marginal, it was more telling…

Top venture debt investors in India to ramp up investments this year

After a record 2016, India’s top venture debt investors are preparing to ramp up their pace of investments this year as venture capital investments slow down. The numbers say it all. Venture debt player InnoVen Capital India, which is backed by Singapore’s sovereign wealth fund Temasek, is aiming to conclude at least 50 deals to the tune of $75 million-$85…

UCWeb to invest Rs200 crore in India, Indonesia over 2 years

Guangzhou: Alibaba Mobile Business Group firm UCWeb plans to invest Rs200 crore in India and Indonesia over the next two years to push distribution of user generated content through its UC News platform. “We will invest Rs200 crore over the period of 2 years in India and Indonesia to push user generated content like blogs, short videos, non conventional news…

1 out of 5 global top executives scared of investing in India due to fraud risks

One out of five top executives of global corporations are apprehensive of investing in India because of concerns around frauds said Global Fraud and Risk Survey for 2016 published by Kroll, a global risk solutions provider. The report said that of the 545 respondents who were reached out to as part of the global survey around risks to business emerging…

Transforming India into a Global IT Manufacturing Hub

Information technology (IT) industry has played a key role in putting India on the global map and has over the years emerged as one of the most significant growth contributors for the Indian economy. While the Indian electronics sector has been witnessing a consistent growth in terms of market size, India lags behind in electronics hardware manufacturing capabilities due to…

Trump calls corporate tax border adjustment ‘too complicated’: WSJ

U.S. President-elect Donald Trump says the border adjustment provision, a feature of House Republicans' corporate-tax plan, is "too complicated", the Wall Street Journal reported on Monday. "Anytime I hear border adjustment, I don't love it", Trump told the newspaper in an interview conducted on Friday. on.wsj.com/2jiAaqj The border adjustment measure is part of U.S. House of Representatives Speaker Paul Ryan's…

Intellivate Capital Ventures Ltd calls for Board Meeting on Jan 23, 2017

A meeting of the Board of Directors of Intellivate Capital Ventures Ltd is scheduled to be held on January 23, 2017, to consider and approve the Un-audited Financial Results of the Company for the Quarter and Nine Months ended December 31, 2016. Further, pursuant to the provisions of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015…

Trump Calls for Federal Takeover of Chicago if decline continues

President-elect Donald Trump today took on Chicago Mayor Rahm Emanuel for his sub-par performance, noting that the city, whose bond rating last year dropped to junk status, ended 2016 on an even more sordid note: as the murder capital of the world. "Chicago's murder rate is record-setting," Trump commented on Monday via the Twitter social media platform. "Four-thousand, three-hundred and…

Pravasi Bharatiya Divas: Government to Promote Investments in Suburbs around Bengaluru

BENGALURU: Karnataka will promote industrial suburbs around Bengaluru for potential investments from the Indian diaspora during the three-day Pravasi Bharatya Divas (PBD), beginning Saturday. Prime Minister Narendra Modi will open the event on Sunday which will focus on the theme, "Redefining Engagem,ent with the Indian Diaspora." “Bengaluru is overloaded with investments, and we want to encourage investments in industrial suburbs…