By Nishant Kumar, Dinesh Nair and Baiju Kalesh Indian commodities tycoon Anil Agarwal, who made a fortune buying state companies and fixing them up, is preparing to raise an investment fund targeting turnaround opportunities in the country, people with knowledge of the matter said. Vedanta Resources Ltd.’s billionaire founder is working with Centricus Asset Management … Read more
The Standing Committee on Finance has recommended to the centre to abolish the tax on Long Term Capital Gains for all investments in startups which are made through collective investment vehicles such as angel funds, alternate investment funds (AIF), and investment LLPs. The committee in its report “Financing The Startup Ecosystem” said the tax should … Read more
By Jeanna Smialek and Deborah B. Solomon WASHINGTON: As the coronavirus began shuttering the global economy in March, critical parts of US financial markets edged toward collapse. The shock was huge and unexpected, but the vulnerabilities were well known, the legacy of risk-taking outside of regulatory reach. To head off a devastating downward spiral, the … Read more