"Market is betting that they would be exiting at profit," Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, said on Thursday. "If Fortis wants to go ahead, then naturally they will have to write a big cheque."
Lodha Group acquires the Canadian embassy building in London for $530 million, their biggest overseas move. IL&FS Transportation Networks signs an agreement to form a joint venture in China with three Chinese firms focused on infrastructure projects. SEBI relaxes rules for infrastructure debt funds to allow more foreign investment. Tech Mahindra announces a merger with Mahindra Engineering Services. Quadria Capital may acquire ICICI Venture's majority stake in the healthcare firm Medica Synergie. Bafna Pharmaceuticals is looking to raise capital and is in talks with Mylan for an acquisition. Bharti Airtel plans to raise $1 billion through euro bonds. Three large dairy firms are bidding for a stake in Cream
1. Tata Realty aims to raise up to Rs 800 crore by selling its 780,000 sq ft IT park in Mumbai's Goregaon suburb which it acquired in 2011 for Rs 525 crore. Tata Realty's fund is also considering selling four other assets.
2. Janalakshmi Financial Services, an NBFC focused on lending to the urban poor, is looking to raise Rs 300 crore through private equity investors to expand its lending business.
3. The Indian government agreed to reduce its planned stake sale in Coal India from 10% to 5% to raise Rs 10,000 crore, half of the original target, to narrow the fiscal deficit.
The document summarizes recent funding deals, acquisitions, and business developments in India:
- ASK Pravi invested $9.8 million in Omni Hospitals for expansion. IFC invested $2.3 million in education lender Avanse. Micromax co-founder Rajesh Agarwal was arrested by CBI for alleged bribery.
- Aavishkaar's second venture fund closed at $94 million to invest in underserved areas of India. Indiabulls Housing acquired a 42.5% stake in its subsidiary for $42.5 million. JSW Energy is looking to acquire distressed power assets after halting new projects.
- D
Ajay Piramal will purchase a 10% stake in Shriram Capital, the holding company of the Shriram Group's financial services businesses, for an estimated Rs. 650-700 crore. This will provide Piramal Enterprises access to Shriram's businesses in transport finance, consumer finance, asset management, and life and general insurance. The deal values Shriram Capital at Rs. 6,500 crore, representing a 20% rise from its 2009 valuation when TPG Capital purchased a stake. Both parties view the investment as the beginning of a long-term strategic alliance.
Aries Agro Limited is an Indian agrochemical company established in 1969. It manufactures fertilizers, pesticides, and agricultural equipment through 6 manufacturing plants in India and 2 overseas. The company has diversified its product portfolio over the years and received several awards and certifications for its products. It has a management team led by Chairman and MD Dr. Jimmy Mirchandani and a network of subsidiaries. While the agro industry offers opportunities, the company's fortunes are dependent on monsoon conditions and other variables in the agricultural sector.
Getit Infoservices received approval to raise $36.4 million in funding from Helion Venture Capital. RPG Life Sciences sold 14,149 square meters of land in Navi Mumbai to Maruti Suzuki for $13.5 million. Snapdeal closed a $50 million funding round with new investors including eBay and Intel Capital.
The document provides updates on funding rounds and mergers/acquisitions in the Indian market. Specifically:
1) Sonata Finance raised $6.35 million led by Creation Investments for microfinancing.
2) Future Ventures acquired Pantaloon's salon chain Star & Sitara for Rs. 18 crore.
3) IntelleCash acquired a majority stake in Arohan Microfinance for Rs. 52 crore.
4) Reliance will own around 10% of Inox post its merger with Fame India.
1) Essel Finance has appointed Abhinav Bhushan as head of its real estate fund business following the exit of the previous head. It is also looking to appoint a new head for its investment banking unit.
2) SKS Microfinance has completed an eighth securitization deal worth $26.2 million this financial year, taking the total to $171.6 million.
3) Manipal Health plans to acquire a 250-300 bed hospital each in Mumbai and Delhi over the next six months, having allocated $193 million for expansion plans.
Lodha Group acquires the Canadian embassy building in London for $530 million, their biggest overseas move. IL&FS Transportation Networks signs an agreement to form a joint venture in China with three Chinese firms focused on infrastructure projects. SEBI relaxes rules for infrastructure debt funds to allow more foreign investment. Tech Mahindra announces a merger with Mahindra Engineering Services. Quadria Capital may acquire ICICI Venture's majority stake in the healthcare firm Medica Synergie. Bafna Pharmaceuticals is looking to raise capital and is in talks with Mylan for an acquisition. Bharti Airtel plans to raise $1 billion through euro bonds. Three large dairy firms are bidding for a stake in Cream
1. Tata Realty aims to raise up to Rs 800 crore by selling its 780,000 sq ft IT park in Mumbai's Goregaon suburb which it acquired in 2011 for Rs 525 crore. Tata Realty's fund is also considering selling four other assets.
2. Janalakshmi Financial Services, an NBFC focused on lending to the urban poor, is looking to raise Rs 300 crore through private equity investors to expand its lending business.
3. The Indian government agreed to reduce its planned stake sale in Coal India from 10% to 5% to raise Rs 10,000 crore, half of the original target, to narrow the fiscal deficit.
The document summarizes recent funding deals, acquisitions, and business developments in India:
- ASK Pravi invested $9.8 million in Omni Hospitals for expansion. IFC invested $2.3 million in education lender Avanse. Micromax co-founder Rajesh Agarwal was arrested by CBI for alleged bribery.
- Aavishkaar's second venture fund closed at $94 million to invest in underserved areas of India. Indiabulls Housing acquired a 42.5% stake in its subsidiary for $42.5 million. JSW Energy is looking to acquire distressed power assets after halting new projects.
- D
Ajay Piramal will purchase a 10% stake in Shriram Capital, the holding company of the Shriram Group's financial services businesses, for an estimated Rs. 650-700 crore. This will provide Piramal Enterprises access to Shriram's businesses in transport finance, consumer finance, asset management, and life and general insurance. The deal values Shriram Capital at Rs. 6,500 crore, representing a 20% rise from its 2009 valuation when TPG Capital purchased a stake. Both parties view the investment as the beginning of a long-term strategic alliance.
Aries Agro Limited is an Indian agrochemical company established in 1969. It manufactures fertilizers, pesticides, and agricultural equipment through 6 manufacturing plants in India and 2 overseas. The company has diversified its product portfolio over the years and received several awards and certifications for its products. It has a management team led by Chairman and MD Dr. Jimmy Mirchandani and a network of subsidiaries. While the agro industry offers opportunities, the company's fortunes are dependent on monsoon conditions and other variables in the agricultural sector.
Getit Infoservices received approval to raise $36.4 million in funding from Helion Venture Capital. RPG Life Sciences sold 14,149 square meters of land in Navi Mumbai to Maruti Suzuki for $13.5 million. Snapdeal closed a $50 million funding round with new investors including eBay and Intel Capital.
The document provides updates on funding rounds and mergers/acquisitions in the Indian market. Specifically:
1) Sonata Finance raised $6.35 million led by Creation Investments for microfinancing.
2) Future Ventures acquired Pantaloon's salon chain Star & Sitara for Rs. 18 crore.
3) IntelleCash acquired a majority stake in Arohan Microfinance for Rs. 52 crore.
4) Reliance will own around 10% of Inox post its merger with Fame India.
1) Essel Finance has appointed Abhinav Bhushan as head of its real estate fund business following the exit of the previous head. It is also looking to appoint a new head for its investment banking unit.
2) SKS Microfinance has completed an eighth securitization deal worth $26.2 million this financial year, taking the total to $171.6 million.
3) Manipal Health plans to acquire a 250-300 bed hospital each in Mumbai and Delhi over the next six months, having allocated $193 million for expansion plans.
The document provides a summary of various business news stories:
- Piramal buys an additional stake in Vodafone India while Essar exits completely.
- India Homes, a property services startup, raises $4 million in funding with plans to raise another $6 million.
- SBI waives fees on loans to small and medium businesses guaranteed under a government credit guarantee scheme.
- Halcyon Finance acquires the management rights to a Delhi hospital for $77 million.
Reliance Industries reported an 18.9% rise in standalone net profit for the quarter ended June 30, 2013, despite a 4.6% fall in revenues. WPI inflation in India increased to 4.86% in June, driven by higher food prices. Abu Dhabi's Al Dahra Holdings will acquire a 20% stake in Kohinoor Foods for $18.8 million. Tata Global Beverages will monetize a land parcel in Bangalore through a deal worth $32.5 million. Texmaco Rail and Engineering will acquire a 24.9% stake in Kalindee Rail Nirman Engineers for $4.45 million.
The Reserve Bank of India kept its key repo rate unchanged at 8% as inflation continues to ease towards the bank's targeted level. The RBI expects growth in the current fiscal year to be in the range of 5-6% with downside risks. Several private equity deals were announced, including ChrysCapital leading a $53 million investment in LiquidHub and Everstone Capital investing $16.6 million in the fashion label Ritu Kumar. Temasek announced a $40 million investment in Star Agriwarehousing.
India PR Wire Mar 18, 2009 Promoters Of 440 Companies Pledged Shares Worth $1...Jagannadham Thunuguntla
"A lot of these pledges happened during the bull run," said Jagannadham Thunuguntla, equity head with SMC Capital. "Promoters sought to take advantage of overpriced shares to raise fresh capital."
The Indian stock market fell sharply, with the Sensex losing 1.12% and Nifty falling 1.24%, tracking losses in Asian markets after China reported its slowest GDP growth in 14 years. The rupee also declined sharply against the dollar due to heavy demand from oil firms. Consumer inflation eased to a 3-month low of 9.87% in December due to moderation in vegetable and fruit prices. Meanwhile, the US FDA banned another plant of Ranbaxy Laboratories from selling products in the US due to manufacturing violations, and Japan's ARKRAY agreed to acquire the IVD business of Span Diagnostics for $16 million.
Shantanu Kumar Singh Taj Pharma: Latest News, Videos and Photos of Shantanu K...Shantanu Kumar Singh
Shantanu Kumar Singh Taj Pharma: Latest News, Videos and Photos of Shantanu Kumar Singh Taj Pharma | Times of India Shantanu Kumar Singh Taj Pharma News: Latest and Breaking News on Shantanu Kumar Singh Taj Pharma. Explore Shantanu Kumar Singh Taj Pharma profile at Times of India for photos, videos and latest news of Shantanu Kumar Singh Taj Pharma. Also find news, photos and videos on Shantanu Kumar Singh Taj Pharma Shantanu Kumar Singh Taj Pharma, Shantanu Kumar Singh Taj Pharma news, Shantanu Kumar Singh Taj Pharma latest news, Shantanu Kumar Singh Taj Pharma biography, Shantanu Kumar Singh Taj Pharma photos
India E News Mar 18, 2009 Promoters Of 440 Companies Pledged Shares Worth $10 BnJagannadham Thunuguntla
"A lot of these pledges happened during the bull run," said Jagannadham Thunuguntla, equity head with SMC Capital. "Promoters sought to take advantage of overpriced shares to raise fresh capital."
Getit Infoservices received approval to raise $36.4 million in funding from Helion Venture Capital. RPG Life Sciences sold 14,149 square meters of land in Navi Mumbai to Maruti Suzuki for $13.5 million. Snapdeal closed a $50 million funding round with new investors including eBay and Intel Capital.
The rupee hit a record low against the dollar, dropping to 56 rupees to the dollar due to concerns about the eurozone. Reebok India filed a police complaint accusing two former executives of fraud totaling 8.7 billion rupees. Jyothy Laboratories appointed a new CEO with 20 years of experience in sales, marketing, and strategic planning. ValueFirst acquired Way2sms.com and 160by2.com in one of India's largest internet industry acquisitions totaling around 200 crores.
Bharti Airtel will sell its mobile phone towers in Africa to Bharti Infratel for Rs. 15,000 crore. Bharti Infratel will raise funds to finance the deal by selling stakes to private equity funds, and will be 90% owned by Bharti Airtel. The sale comes as Bharti Airtel takes steps to replicate an outsourced tower business model in Africa and address its debt of Rs. 65,000 crore from borrowing and 3G expansion.
The document provides a summary of various business news headlines and articles:
1) IDG Ventures and SAIF Partners invested $14 million in Brainbees Solutions, which owns FirstCry.com and GoodLife.com, to fund marketing and expansion.
2) Warburg Pincus will invest $50 million in AU Financiers, a Jaipur-based non-banking finance company involved in commercial vehicles and SME loans.
3) French company Legrand acquired the UPS business of Numeric Power Systems for Rs 837 crore to expand its industrial infrastructure portfolio in India.
The document provides a summary of top business news headlines:
- Temasek will buy a 4.9% stake in Godrej Consumer for $135 million.
- Ujjivan raised Rs 29 crore through a bond issue.
- Strides Arcolab sold its Ascent Pharma subsidiary to Watson for $393 million.
- Other deals included investments in Gadhia Solar and Netmagic Solutions.
Key Indian stock indices fell for the first week in six as weak earnings from large companies and concerns over tapering of US stimulus weighed on sentiment. The benchmark BSE index fell 2.87% for the week, marking its biggest weekly fall since late March, while the broader NSE index dropped 3.29% as markets declined in four of five trading sessions. Several major corporate deals were also announced, including Yahoo's $1.1 billion acquisition of Tumblr, Kingfa Sci's purchase of a 66.5% stake in an Indian company for $1.9 million, and Mentor Graphics' acquisition of SoftJin's software business.
The Maharashtra government signed an MOU with Healthcare UK to start a bike ambulance service in Mumbai and provide training. Two consortiums submitted binding offers to acquire Hyderabad-based CARE Hospitals for between 1,500-1,800 crore rupees. ALIMCO plans to produce affordable prosthetic systems in India through technology transfers from Ottobock. Parkway Healthcare aims to expand in India through hospital acquisitions. The Kargil army hospital conducted over 200 surgeries for local civilians in the past year. Carlyle acquired a 37% stake in Metropolis Healthcare for 850 crore rupees, valuing the company at 2,300 crore rupees.
The Reserve Bank of India decided not to cut interest rates and maintained the repo rate at 8%. RBI lowered the statutory liquidity ratio but this is unlikely to significantly impact banks. RBI increased its inflation forecast to 7% and lowered growth forecast to 6.5%. Power grids collapsed in India, leaving 700 million people without electricity for hours on two separate occasions. The monsoon forecast indicates India may face a drought this year. Two major Indian airlines reported profits in the first quarter after five consecutive quarters of losses.
The document summarizes several private equity deals and investments that took place in India:
- Blackstone increased its stake in Financial Technologies to 6.1% by acquiring additional shares worth $8.6 million.
- Tech Mahindra acquired 51% of Bharti Group's mobile VAS firm Comviva for $48 million.
- ASK Property Investment Advisors invested close to $18.2 million in Shriram Properties' residential project in Bangalore.
The document provides biographical information about Mr. Shivinder Singh, who is the director of Ranbaxy Laboratories Limited and one of the principal promoters of Fortis Healthcare. It details his educational background, career history, roles and responsibilities at various companies. Under his leadership, Fortis Healthcare grew significantly through acquisitions to become the second largest healthcare network in India. Along with his brother, he has built a portfolio of healthcare and financial services companies valued at billions of dollars.
The Sensex rose to a new record high on foreign inflows of $3.5 billion since the US Federal Reserve delayed tapering monetary stimulus. However, the Indian market remains the fourth worst performer in Asia due to a weak rupee and mixed economic signals like contracting manufacturing. Several companies saw investment deals, including Sanofi investing $122 million in Shantha Biotech, Avenue Ventures investing $6.5 million in a Pune real estate project, and Carlyle in talks to buy 24% of Medanta for $160 million.
Reliance Jio receives a pan-India unified license, allowing it to offer all telecom services including voice. Unichem sells its Indore SEZ plant to Mylan for $26.3M. Burger King may partner with Everstone Capital to enter India. Micromax eyes expanding to other emerging markets like Russia and plans to acquire a software firm. Idea Cellular plans to raise Rs. 3,750 crore through a QIP issue.
The document provides a summary of various business news stories:
- Piramal buys an additional stake in Vodafone India while Essar exits completely.
- India Homes, a property services startup, raises $4 million in funding with plans to raise another $6 million.
- SBI waives fees on loans to small and medium businesses guaranteed under a government credit guarantee scheme.
- Halcyon Finance acquires the management rights to a Delhi hospital for $77 million.
Reliance Industries reported an 18.9% rise in standalone net profit for the quarter ended June 30, 2013, despite a 4.6% fall in revenues. WPI inflation in India increased to 4.86% in June, driven by higher food prices. Abu Dhabi's Al Dahra Holdings will acquire a 20% stake in Kohinoor Foods for $18.8 million. Tata Global Beverages will monetize a land parcel in Bangalore through a deal worth $32.5 million. Texmaco Rail and Engineering will acquire a 24.9% stake in Kalindee Rail Nirman Engineers for $4.45 million.
The Reserve Bank of India kept its key repo rate unchanged at 8% as inflation continues to ease towards the bank's targeted level. The RBI expects growth in the current fiscal year to be in the range of 5-6% with downside risks. Several private equity deals were announced, including ChrysCapital leading a $53 million investment in LiquidHub and Everstone Capital investing $16.6 million in the fashion label Ritu Kumar. Temasek announced a $40 million investment in Star Agriwarehousing.
India PR Wire Mar 18, 2009 Promoters Of 440 Companies Pledged Shares Worth $1...Jagannadham Thunuguntla
"A lot of these pledges happened during the bull run," said Jagannadham Thunuguntla, equity head with SMC Capital. "Promoters sought to take advantage of overpriced shares to raise fresh capital."
The Indian stock market fell sharply, with the Sensex losing 1.12% and Nifty falling 1.24%, tracking losses in Asian markets after China reported its slowest GDP growth in 14 years. The rupee also declined sharply against the dollar due to heavy demand from oil firms. Consumer inflation eased to a 3-month low of 9.87% in December due to moderation in vegetable and fruit prices. Meanwhile, the US FDA banned another plant of Ranbaxy Laboratories from selling products in the US due to manufacturing violations, and Japan's ARKRAY agreed to acquire the IVD business of Span Diagnostics for $16 million.
Shantanu Kumar Singh Taj Pharma: Latest News, Videos and Photos of Shantanu K...Shantanu Kumar Singh
Shantanu Kumar Singh Taj Pharma: Latest News, Videos and Photos of Shantanu Kumar Singh Taj Pharma | Times of India Shantanu Kumar Singh Taj Pharma News: Latest and Breaking News on Shantanu Kumar Singh Taj Pharma. Explore Shantanu Kumar Singh Taj Pharma profile at Times of India for photos, videos and latest news of Shantanu Kumar Singh Taj Pharma. Also find news, photos and videos on Shantanu Kumar Singh Taj Pharma Shantanu Kumar Singh Taj Pharma, Shantanu Kumar Singh Taj Pharma news, Shantanu Kumar Singh Taj Pharma latest news, Shantanu Kumar Singh Taj Pharma biography, Shantanu Kumar Singh Taj Pharma photos
India E News Mar 18, 2009 Promoters Of 440 Companies Pledged Shares Worth $10 BnJagannadham Thunuguntla
"A lot of these pledges happened during the bull run," said Jagannadham Thunuguntla, equity head with SMC Capital. "Promoters sought to take advantage of overpriced shares to raise fresh capital."
Getit Infoservices received approval to raise $36.4 million in funding from Helion Venture Capital. RPG Life Sciences sold 14,149 square meters of land in Navi Mumbai to Maruti Suzuki for $13.5 million. Snapdeal closed a $50 million funding round with new investors including eBay and Intel Capital.
The rupee hit a record low against the dollar, dropping to 56 rupees to the dollar due to concerns about the eurozone. Reebok India filed a police complaint accusing two former executives of fraud totaling 8.7 billion rupees. Jyothy Laboratories appointed a new CEO with 20 years of experience in sales, marketing, and strategic planning. ValueFirst acquired Way2sms.com and 160by2.com in one of India's largest internet industry acquisitions totaling around 200 crores.
Bharti Airtel will sell its mobile phone towers in Africa to Bharti Infratel for Rs. 15,000 crore. Bharti Infratel will raise funds to finance the deal by selling stakes to private equity funds, and will be 90% owned by Bharti Airtel. The sale comes as Bharti Airtel takes steps to replicate an outsourced tower business model in Africa and address its debt of Rs. 65,000 crore from borrowing and 3G expansion.
The document provides a summary of various business news headlines and articles:
1) IDG Ventures and SAIF Partners invested $14 million in Brainbees Solutions, which owns FirstCry.com and GoodLife.com, to fund marketing and expansion.
2) Warburg Pincus will invest $50 million in AU Financiers, a Jaipur-based non-banking finance company involved in commercial vehicles and SME loans.
3) French company Legrand acquired the UPS business of Numeric Power Systems for Rs 837 crore to expand its industrial infrastructure portfolio in India.
The document provides a summary of top business news headlines:
- Temasek will buy a 4.9% stake in Godrej Consumer for $135 million.
- Ujjivan raised Rs 29 crore through a bond issue.
- Strides Arcolab sold its Ascent Pharma subsidiary to Watson for $393 million.
- Other deals included investments in Gadhia Solar and Netmagic Solutions.
Key Indian stock indices fell for the first week in six as weak earnings from large companies and concerns over tapering of US stimulus weighed on sentiment. The benchmark BSE index fell 2.87% for the week, marking its biggest weekly fall since late March, while the broader NSE index dropped 3.29% as markets declined in four of five trading sessions. Several major corporate deals were also announced, including Yahoo's $1.1 billion acquisition of Tumblr, Kingfa Sci's purchase of a 66.5% stake in an Indian company for $1.9 million, and Mentor Graphics' acquisition of SoftJin's software business.
The Maharashtra government signed an MOU with Healthcare UK to start a bike ambulance service in Mumbai and provide training. Two consortiums submitted binding offers to acquire Hyderabad-based CARE Hospitals for between 1,500-1,800 crore rupees. ALIMCO plans to produce affordable prosthetic systems in India through technology transfers from Ottobock. Parkway Healthcare aims to expand in India through hospital acquisitions. The Kargil army hospital conducted over 200 surgeries for local civilians in the past year. Carlyle acquired a 37% stake in Metropolis Healthcare for 850 crore rupees, valuing the company at 2,300 crore rupees.
The Reserve Bank of India decided not to cut interest rates and maintained the repo rate at 8%. RBI lowered the statutory liquidity ratio but this is unlikely to significantly impact banks. RBI increased its inflation forecast to 7% and lowered growth forecast to 6.5%. Power grids collapsed in India, leaving 700 million people without electricity for hours on two separate occasions. The monsoon forecast indicates India may face a drought this year. Two major Indian airlines reported profits in the first quarter after five consecutive quarters of losses.
The document summarizes several private equity deals and investments that took place in India:
- Blackstone increased its stake in Financial Technologies to 6.1% by acquiring additional shares worth $8.6 million.
- Tech Mahindra acquired 51% of Bharti Group's mobile VAS firm Comviva for $48 million.
- ASK Property Investment Advisors invested close to $18.2 million in Shriram Properties' residential project in Bangalore.
The document provides biographical information about Mr. Shivinder Singh, who is the director of Ranbaxy Laboratories Limited and one of the principal promoters of Fortis Healthcare. It details his educational background, career history, roles and responsibilities at various companies. Under his leadership, Fortis Healthcare grew significantly through acquisitions to become the second largest healthcare network in India. Along with his brother, he has built a portfolio of healthcare and financial services companies valued at billions of dollars.
The Sensex rose to a new record high on foreign inflows of $3.5 billion since the US Federal Reserve delayed tapering monetary stimulus. However, the Indian market remains the fourth worst performer in Asia due to a weak rupee and mixed economic signals like contracting manufacturing. Several companies saw investment deals, including Sanofi investing $122 million in Shantha Biotech, Avenue Ventures investing $6.5 million in a Pune real estate project, and Carlyle in talks to buy 24% of Medanta for $160 million.
Reliance Jio receives a pan-India unified license, allowing it to offer all telecom services including voice. Unichem sells its Indore SEZ plant to Mylan for $26.3M. Burger King may partner with Everstone Capital to enter India. Micromax eyes expanding to other emerging markets like Russia and plans to acquire a software firm. Idea Cellular plans to raise Rs. 3,750 crore through a QIP issue.
Similar to Businessworld Khazanah's $835 mln Parkway bid in challenge to Fortis (20)
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Businessworld Khazanah's $835 mln Parkway bid in challenge to Fortis
1. Khazanah's $835 mln Parkway bid in challenge to Fortis
By Harry Suhartono and Julie Goh
SINGAPORE/KUALA LUMPUR, May 27 (Reuters) - Malaysian sovereign wealth fund
Khazanah launched an $835 million bid for control of Parkway Holdings (PARM.SI), potentially
pitting it against India's Fortis Healthcare (FOHE.BO) in a battle for Singapore's largest private
healthcare provider.
The surprise offer, which aims to lift Khazanah's stake in Parkway to 51.5 percent, could either
trigger a takeover fight or force Fortis to cash out of the medical firm, which operates 16
hospitals in Singapore, Brunei, Malaysia, India and China.
Shares in Fortis, which had hoped to use Parkway as a springboard for expansion, ended 7.6
percent higher, a sign that some investors expect Indian billionaire Malvinder Singh, whose
family controls Fortis, to sell out.
"Market is betting that they would be exiting at profit," Jagannadham Thunuguntla, equity
head at SMC Capitals in New Delhi, said on Thursday. "If Fortis wants to go ahead, then
naturally they will have to write a big cheque."
Others suggested Singh, who with his brother Shivinder has a fortune estimated by Forbes at $3
billion, may make its own offer.
"We think this potentially could be the start of a bidding war. Khazanah has the option of turning
its partial offer to a full GO (general offer) should they choose to do so. Both parties have
professed to be able to drive more value out of Parkway," UBS analyst Jaj Singh wrote in a note
on Thursday.
Khazanah's offer comes just two months after Fortis, which runs hospitals in India, bought a 23.9
percent stake in Parkway from U.S. buyout firm TPG for $685 million.
Fortis' stake has since risen to 25 percent. It had said in March it had no immediate plans to raise
its stake. [ID:nSGE62A0DD].
Singh, 37, stepped down as chairman of Indian financial services group Religare Enterprises Ltd
(RELG.BO) in April to focus on healthcare. He recently shifted his base from Delhi to
Singapore, where he became chairman of Parkway. [ID:nSGE6350A8]
His family controlled Indian drugmaker Ranbaxy Laboratories (RANB.BO) before selling to
Japan's Daiichi Sankyo (4568.T) in 2008. Malvinder Singh and his younger brother ranked 17th
on Forbes magazine's 2009 list of the richest Indians.
Khazanah is offering S$3.78 a share to raise its stake from nearly 24 percent, more than what
Fortis paid in March, when its deal valued Parkway at S$3.56 a share. The deal would be
Khazanah's biggest acquisition outside Malaysia, according to Thomson Reuters data.
2. Spokeswomen for Fortis and Parkway had no immediate comments on Khazanah's offer.
"Khazanah has identified healthcare as one of the core areas that they want to go into," said Ang
Kok Heng, chief investment officer at Kuala Lumpur-based Phillip Capital.
In 2006, Khazanah bought into hospital operator Pantai Holdings, which has a network of nine
hospitals in Malaysia. "This offer shows that they're moving towards that same direction," Ang
said.
The sovereign wealth fund holds a stake in Fortis' rival Apollo Hospitals (APLH.BO), India's
largest hospital chain. Apollo shares ended 9.4 percent higher in Mumbai.
Khazanah is planning its first Singapore dollar bond issue to raise between S$300-500 million,
said IFR, a Thomson Reuters service. [ID:nSGE64Q05S]
SINGAPORE-MALAYSIA TIES
The Malaysian fund's bid for Parkway comes a week after the leaders of both countries agreed
last week to resolve long-standing disputes over land and water that have plagued ties for the
past 20 years.
Under one of the agreements, the two countries said the Malayan Railway land will be developed
by a 60:40 joint venture between Khazanah and Singapore state investor Temasek TEM.UL.
In March, Temasek's subsidiary ST Telemedia bought a $300 million stake in Malaysia's U
Mobile Sdh Bhd.
The bid by Khazanah's Integrated Healthcare unit is a 25 percent premium over Parkway's last
traded price. If the offer is accepted, it will pay S$1.18 billion ($835 million) to raise its Parkway
stake to 51.5 percent.
CIMB and Deutsche are Khazanah's financial advisers.
Khazanah said the group plans to consolidate its existing stakes in Parkway, Pantai, Apollo and
IMU to become Asia's premium regional healthcare platform.
Trading in Parkway shares was suspended in Singapore. Parkway shares have risen 3.4 percent
so far this year, outperforming a 7 percent drop in the broader Singapore Straits Times Index
.FTSTI. ($1=1.413 Singapore Dollar) (Additional reporting by Soo Ai-Peng in KUALA
LUMPUR, Sanjeev Choudhary in NEW DELHI and Kevin Lim in SINGAPORE; Writing by
Saeed Azhar; Editing by Anshuman Daga and Tony Munroe)