Indostar, which is backed by private equity investor Brookfield, said the sale of the SME loan portfolio comprised several stressed accounts resolved on December 30, 2023 through sale under the Swiss Challenge method. The method involves an interested party presenting a bid to the auctioneer who then calls for counter bids. Click here to follow
As the new year begins, many investors may be wondering how best to invest their money in 2024, given the uncertainty markets face as interest rates remain at multiyear highs. Thomas Heller, the chief investment officer of Switzerland-based Belvédère Asset Management , says his first piece of advice to clients with a long-term view is
Filip Radwanski | Sopa Images | Lightrocket | Getty Images Now that those two high-profile cases are out the way, many cryptocurrency executives see it as a chance to move forward and draw a line under the bad behavior of two of the industry’s poster children. With fervor returning to the crypto markets, industry executives
NEW DELHI: Investor interest in hospitals peaked this year with investments by private equity (PE) and venture capital (VC) firms rising by over 15 times to cross Rs 30,000 crore over a 4-year period from Rs 1,921 crore in pre-Covid 2019. This comes even as there is a slowdown in overall funding globally, with PE
Here’s the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. The U.S. has proven to be one of the most active enforcers of penalties and legal action against crypto companies this year, as authorities looked to counter bad practices in the industry
But even as prices swell, the sector’s reputation has struggled to regain ground after names virtually synonymous with bitcoin have both been found guilty of crimes directly related to their multibillion-dollar crypto empires. For years, Binance’s Changpeng Zhao and FTX’s Sam Bankman-Fried preached the power of decentralized, digital currencies to the masses. Both were bitcoin
Young woman counting money. Jose Luis Pelaez Inc That includes paying down credit cards, building emergency savings and investing more towards retirement. Experts say the best way to tackle those money goals, and make sure they do not fall by the wayside, is to make them automatic. Many people start with the bills, including rent,
SAN ANSELMO, CALIFORNIA – NOVEMBER 30: A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin
Socially responsible investors are optimistic heading into the new year. Sustainability-focused funds have seen outflows in all three completed quarters of this year, according to Morningstar. That comes as higher energy costs and the politicization of ESG investing frameworks weighed on traders. (The acronym is short for environmental, social and corporate governance.) However, ESG-minded money
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters The price of ether jumped on Wednesday as investors moved into the cryptocurrency ahead of key upside catalysts expected in January. Ether was last higher by 6%, according to Coin Metrics. Solana’s SOL