CII Insists To Relax Investment Norms For Private Equity Funds
© U.S. Embassy New Delhi
Confederation of Indian Industry (CII) demands that investment guidelines and norms for private and venture capital funds should be altered and relaxed as investments done by investors aim at improving management and various operations of the companies in the long run.
CII also proposes that Private equity and Venture Capital funds should be allowed to make investments and should be permitted one third of fund capital through both primary and secondary purchase of equity shares or equity -linked instruments.
Currently, Private Equity and Venture Capital funds have been involved in considerable minority investments in private and public listed companies and can acquire only up to 15 percent stakes. They are not allowed to make investments in shares from the secondary markets.
Golden Offer by SBI Mutual Fund
© anappaiah
Gold investment made more syste3matic and advantageous to the common man by the launch of SBI Gold Fund by SBI Mutual Fund.
The subscription of The New Fund Offer (NFO) open from August 22, 2011 and closes on September 5, 2011. The price for the mutual fund scheme is Rs 10 per unit.
An investor can invest through a single investment or through Systematic Investment Plan (SIP).The minimum denomination of investment is kept at an affordable price of Rs 100,
Whatever the corpus collected through the NFO it will be invested in SBI GETS, the Gold ETF offering from SBI Mutual Fund.
SBI Mutual Fund Managing director, Mr. Deepak Chatterjee said that they at SBI Mutual Fund believed that in the current equity turmoil SBI Gold Fund is the best investment opportunity to invest in the purest form of gold without buying it.
Sprint To Increase Investments In Clearwire
© Bytemarks
Sprint reportedly is in talks with Clearwire, which provides 4G wireless broadband services in the United States, to further up its investments in the company and possibly acquire it.
Clearwire is looking for investments to the tune of US$600 million to expand its high-speed wireless network and upgrade to 4G LTE technology. Sprint is already an investor and is contemplating more investments to buy out the remaining portion of the wireless provider. In fact, Sprint owns 54 percent of Clearwire, the provider of most of its WiMax 4G services.
Clearwire has investments from a gaggle of cable companies currently, none of which have till date utilized the 4G services. For Sprint it is imperative to increase its investments in Clearwire to compete in the market after the AT&T & T-Mobile merger comes through.
