investment | Pixr8 News

16Apr By NitishNo Comments

FUNDING

Kuvera Raises $4.5 million in Series A funding

Kuvera, a mutual fund investment platform raises $4.5 million Series A funding from Eight Roads, the investment arm of Fidelity International. This company will use funding to build its team and expand its product portfolio and Mr. Alokik Advani, head of Eight Roads Fintech Strategic Investments, will join the board of Kuvera. Bengaluru based Kuvera manages more than Rs 3,000 crore in mutual fund investments using artificial intelligence (AI) to help customers secure better returns and enhance its product and service range to reduce the costs. Kuvera is a zero-fee mutual fund investment platform that provides an option to set investment goals. “With Eight Roads as an investor, we will continue to innovate and expand our advisory offering across financial products. We have an...

Royal Enfield to invest $100 million in 2019-20

2Apr By AnkitaNo Comments

Automobile

Royal Enfield to invest $100 million in 2019-20

Eicher Motors, the subsidiary of Royal Enfield has said that they are having $100 million investment expenditure plan for Royal Enfield in FY19-20 The investment will use mostly to set up and start the new production plant. The company said, "the second phase of our Vallam Vadagal plant near Chennai, Tamil Nadu is progressing well and is expected to commence commercial production in the second half of this financial year. The construction of the Technology Centre in Chennai is also nearing its completion". "With a wide distribution network in India, growing international presence and building state-of-the-art capabilities in product development, Royal Enfield is well on its way to grow the middleweight motorcycle segment globally in the coming years," company added. In FY 201...

1Apr By Press Trust of IndiaNo Comments

BUSINESS

Titan increases stake in CaratLane

Tata group firm Titan has increased stake in its jewellery subsidiary CaratLane to 69.47 percent with an investment of Rs 99.99 crore. "In response to offer of shares made by Carat Lane Trading Private Limited, a subsidiary of the company, the company has subscribed to 30,48,780 additional equity shares of CaratLane thereby increasing its stake in CaratLane on March 30, 2019," Titan said in regulatory filing on Sunday. CaratLane is in the business of manufacturing and sale of precious and semi-precious jewellery through its e-commerce business and also through retail showrooms. "...the shareholding of the company in CaratLane has increased from 66.39 per cent to 69.47 percent," the company said. CaratLane registered a revenue of Rs 292.5 crore for the year ended March 2018. ...

The Beginner’s Guide to Budgeting, Made Simple

27Mar By AnkitaNo Comments

ANALYSIS

The Beginner’s Guide to Budgeting, Made Simple

Budgeting Guide Made Simple The purpose of budgeting is to make simple what seems like an eternal process, and by an eternal process I mean stressful, unorganized, and feeling like there’s no financial literacy to be found. The downside about learning how to budget is that there are so many resources about budgeting. It can be difficult to narrow down which one is an exact fit. Whether you’re looking to save for an emergency fund or fund your new brokerage account, this article will be of some help to you. The Tools Anything involving finances can be a headache, and oftentimes in terms of finances, your budget may be a mess, and that’s okay, too. You have to begin somewhere! Decide What Your Goals Are Before tracking your income, figure out what you’d like to ...

BlackRock acquires eFront in $1.3 billion Cash

25Mar By AdityaNo Comments

ACQUISITION

BlackRock acquires eFront in $1.3 billion Cash

NEW YORK & PARIS- BlackRock today announced that it has made a binding offer and entered into an exclusive agreement, subject to the conditions below, to acquire 100% of the equity interests in eFront, the world’s leading end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees, for $1.3 billion in cash. The combination of eFront with Aladdin, BlackRock’s investment operating platform used by more than 225 institutions around the world, will set a new standard in investment and risk management technology. eFront, which serves more than 700 clients in 48 countries, is a comprehensive technology solution for managing the alternatives investment lifecycle, from due diligence and portfolio planning to p...

Future Retail will Open new Big Bazaar outlets, Invest 200 Cr

10Mar By AdityaNo Comments

BUSINESS

Future Retail will Open new Big Bazaar outlets, Invest 200 Cr

Future Retail would spend Rs 150-200 crore a year for expansion of Big Bazaar stores in the eastern region, a company official said. The company would open around 25 such stores from April this year in eastern India, the official said. "We have a pipeline of around 25 Big Bazaar stores in the eastern region. Each store requires an investment of around Rs 2,000 per square feet for interiors only," CEO of eastern region of Future Retail Manish Agarwal told Pixr8 News. Agarwal said the eastern region contributed 25 per cent of the national sales, adding that West Bengal accounted for 30 per cent of the revenues from the east. https://pixr8.com/business/future-group-to-open-10000-small-stores-aims-revenue-jump-to-rs-60-cr/ The company would open 7-8 stores in Kolkata and its ...

Softbank invests Rs 2,800 cr in Indiabulls Housing Fin’s associate OakNorth

8Feb By Press Trust of IndiaNo Comments

FUNDING

Softbank invests Rs 2,800 cr in Indiabulls Housing Fin’s associate OakNorth

Indiabulls Housing Finance Friday said Japan's Softbank is investing Rs 2,800 crore of equity capital in its associate OakNorth, a commercial bank in the UK. Indiabulls Housing Finance said OakNorth is the fastest growing new bank in Europe, leveraging technology tools for fast and efficient disbursals to the small and medium-sized enterprises (SME) sector. The bank has no physical branches. "The current loan book of OakNorth is Rs 21,390 crore and the bank has no delinquencies as on date," the company added. OakNorth was seeded by Indiabulls Housing in October 2015 with Rs 650 crore to own a 40 per cent controlling stake in the bank. Last year, Indiabulls sold a part of its holding to the government of Singapore for Rs 900 crore. Shares of Indiabulls Housing Finance were t...

Sony looking to Acquire Stake in Zee Group

27Jan By AnkitaNo Comments

ACQUISITION

Sony looking to Acquire Stake in Zee Group

Sony is reportedly in talks to acquire a stake in Indian media conglomerate Zee Entertainment Enterprises. In November 2018, Indian media conglomerate Zee Entertainment had decided to sell half of its promoter holding of about 42 percent in flagship Zee Entertainment Enterprises Ltd (ZEEL), following a strategic review. The company Zee Entertainment Enterprises Ltd is owned by Subhash Chandra. The media conglomerate hired Goldman Sachs as its investment banker and LionTree as its international strategic adviser to help sell the stake as part of a “strategic review of its businesses in view of the changing global media landscape”. Indian press, including CNBCTV18, has reported that Sony is among a number of suitors for the stake with other possible bidders including Comcast and C...

India’s Mutual Fund & Stock Investment Platform Orowealth Acquires the WealthTrust Platform

19Jan By AdityaNo Comments

ACQUISITION

India’s Mutual Fund & Stock Investment Platform Orowealth Acquires the WealthTrust Platform

Orowealth, one of India's leading Direct Mutual Fund platforms, recently announced that it has acquired the WealthTrust platform, including the product and all its users. Orowealth is a one-stop solution for all your investment needs from investing in stocks and direct mutual funds, to financial planning, goal advisory and more. WealthTrust, also one of the India's fastest growing 'Zero Commission Wealth Management' platforms, always aimed to make investment simple and hassle-free. Mr. Nisarg Gandhi, co-founder and CEO of WealthTrust said to Pixr8 team that we evaluated several partners before finally joining forces with Orowealth, which stood out as the best option for their users. The two companies now have a combined user base of 3 lakh registered users, and their asset...

Smartphone Maker Oppo to Invest $145 million for App Developers

28Dec By Gauri SinghNo Comments

BUSINESS

Smartphone Maker Oppo to Invest $145 million for App Developers

Chinese smartphone maker Oppo has planned to invest 1 billion yuan ($145.7 million) to encourage mobile app developers to create gaming, video and other forms of quality content. The move has arrived after Oppo has accumulated 250 million monthly active users of its smartphones in the world. Every month, more than 200 million users download apps from its software store and gaming distribution center. Wu Henggang, vice-president of Oppo, said by leveraging its sound handset business, the company aims to offer smart services which will integrate content, technology, channels and other resources. Oppo has unveiled a voice skill and smart service platform Breeno, which will be opened to software developers and partners in the future, serving as an intelligent control center to connec...

Electric Scooter Maker Ather Energy Eyeing to Raise Funds for Development

27Dec By Gauri SinghNo Comments

FUNDING

Electric Scooter Maker Ather Energy Eyeing to Raise Funds for Development

Ather Energy is reportedly planning to raise an amount of Rs 200 crore - Rs 300 crore over the next year to expand to new markets and further its product development plans. Ather Energy had launched two scooters, Ather 450 and Ather 340, in June this year and had begun deliveries of Ather 450 in Bengaluru in September this year. This launch came nearly two years after it was first unveiled in February 2016. "We are looking at around 5-6 months to deliver our first production lot that will about around 2,000 vehicles" Ather Energy chief executive Tarun Mehta had stated. While both the scooters featured similar hardware at launch, Mehta had said they will be making a few hardware changes to differentiate the offerings in due course of time. T...

China’s Weibo Plans to Boost up Content-driven e-commerce Investment

26Dec By Gauri SinghNo Comments

BUSINESS

China’s Weibo Plans to Boost up Content-driven e-commerce Investment

Weibo Corp, a leading social media platform, is investing 2 billion yuan ($290 million) to support content-driven e-commerce, multichannel networks, online celebrities, actors, entertainers and agencies in the next two years, as it attempts to better cater to the tech-savvy younger generation. "By September this year, China had nearly 1.12 billion monthly active mobile internet users, which is close to saturation point," said Wang Gaofei, chief executive officer of Weibo. "The competition has shifted from expanding user scale to increasing the time users spend on app usage. Users will abandon the products that fail to meet their real needs and wants. To consolidate our leading position in the content market, we will continue to improve product functions, enhance content capabilities...