Posts Tagged “million”

Kotak’s distress asset fund raises $625 million

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Kotak’s distress asset fund raises $625 million

Kotak Investment Advisors Ltd has announced the launch of its distressed asset fund called Kotak Special Situations Fund, by raising $500 million from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Kotak Group has committed the remaining $125 million. “There is significant interest in the stressed asset category and we have not…

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London Stock Exchange Leads $20 Million Bet On Blockchain To Cut Out Custody Middlemen

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London Stock Exchange Leads $20 Million Bet On Blockchain To Cut Out Custody Middlemen

Outside the London Stock Exchange, which has invested in a blockchain platform aimed at turning the capital markets into a blockchain-powered vending machine.AFP/GETTY IMAGES If Nivaura gets its way, the world’s capital markets will run like vending machines. Instead of a complex web of depositors holding stock certificates and investment banks holding cold, hard cash,…

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Corn imports may touch 1 million tonnes

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Corn imports may touch 1 million tonnes

India is likely to import up to 1 million tonnes of corn this year as lower production and growing domestic poultry consumption boosts demand for overseas purchases, two traders estimated on Thursday. A below-normal monsoon and an infestation of the fall armyworm, which devastated African corn crops in 2017, have slashed India’s corn output and…

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India expected to import up to 1 million tonnes of corn in 2019: Traders

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India expected to import up to 1 million tonnes of corn in 2019: Traders

India is likely to import up to 1 million tonnes of corn this year as lower production and growing domestic poultry consumption boosts demand for overseas purchases, two traders estimated on Thursday. Below-normal monsoon rains and an infestation of the fall armyworm, which devastated African corn crops in 2017, have slashed India’s corn output and…

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