CAPRI GLOBAL FAMILY OFFICE
Integrate and mainstream African continent into the G20 system: Experts
Pradeep S. Mehta, Secretary General of CUTS International, emphasized that integrating the African continent into the G20 and other global governance systems should be a collaborative effort involving both the African Union Commission and other stakeholders, not just India. He shared this perspective during a high-level roundtable titled "Mainstreaming the African Union into the G20," organized by CUTS International and the Vivekananda International Foundation.
Drought gripping Morocco is bad omen for global food supplies
Facing severe droughts, Morocco's farming sector struggles with plummeting wheat yields, impacting fruit and vegetable exports and widening income disparities.
Bobby Jain raises $5.3 billion in mega hedge fund debut
The premiere caps a busy year for Jain - former co-chief investment officer at Millennium Management - who has travelled the world pitching his fund. He initially aimed to gather as much as $10 billion. But after struggling to hit that goal, he cut client fees to entice investors and reduced his target to between $5 billion and $6 billion.
How crews suffer when shipping costs are halved
Stories about ship food tend to focus on the luxuries of cruise liners, which boast of serving whatever diners want, or close.
Oyo's funding to finance global expansion, acquisitions: filings
ET reported on June 20 that Oyo has received shareholder approval for raising Rs 416.85 crore through preference shares in an extraordinary general meeting (EGM) held on June 18. The shareholders also gave their nod to increasing Oyo's authorized share capital from Rs 901.14 crore to Rs 1,341.14 crore.
Why are India's richie rich choosing Dubai to migrate?
A report by Henley & Partners reveals that approximately 4,300 millionaires are expected to leave India this year, with many choosing the UAE as their destination. The UAE's appeal lies in its business opportunities, financial benefits, and high-quality lifestyle, attracting both wealthy individuals and professionals.
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Awfis to expand in new markets, says CMD Amit Ramani
Awfis is targeting a 30% revenue growth in FY25, driven by expanding its supply and achieving higher occupancy rates at its current centers. The company operates in 17 cities, hosting 181 centers with approximately 110,000 seats and covering a chargeable area of 5.6 million square feet. Awfis saw its operating revenue grow 45% year on year to Rs 232.3 crore.
$8 trillion & counting! How Family Offices have grown and their impact on the investment world
The history of Family Offices dates back to ancient Rome, evolving into a modern-day necessity for managing wealth and ensuring smooth transitions across generations.
Coca-Cola offers a $1-billion swig to India Inc families
Coca-Cola India is seeking to sell a minority stake in its subsidiary, Hindustan Coca-Cola Beverages, following PepsiCo's model of outsourcing bottling operations to Varun Beverages Ltd.
'Marwari' school of business keeps 3 generations of Ruia family under one roof
Essar, a family-run conglomerate, stands out amidst public feuds among Indian business families. The Ruia family, spanning three generations, jointly manages the empire across diverse sectors. Prashant Ruia, director of Essar Capital, credits their unity to aligned goals and individual space. Despite industry challenges, the family cherishes strong bonds and traditions, distinguishing themselves from other well-known family disputes in the Indian business landscape.
Turnaround slower, but VIP's on recovery path: Chairman Dilip Piramal
VIP Industries posted a 10% rise in net sales at Rs 2,215 crore last fiscal. However, net profit plunged to Rs 28 crore in FY24 from Rs 161 crore in the previous fiscal.
Blue Bloods: Is Paramount planning another season and spinoff after CBS cancellation?
CBS Entertainment President Amy Reisenbach recently announced the cancellation of "Blue Bloods." Tom Selleck, the iconic star of the series, expressed his disappointment over the news. The show will air its final eight episodes this December.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
Zerodha’s Nikhil Kamath picks up 7% stake in Infra.Market subsidiary for Rs 166 crore
In December 2023, ET had reported that Infra.Market had sold a 10% stake in RDC Concrete for $20 million to public market investors led by Ashish Rameshchandra Kacholia. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.
Melinda French Gates to give $1 billion for women's rights
French Gates, one of the biggest philanthropic supporters of gender equity in the US, said Tuesday in a guest essay for The New York Times that she's been frustrated over the years by people who say it's not the right time to talk about gender equality. "Decades of research on economics, well-being and governance make it clear that investing in women and girls benefits everyone," she wrote.
KITES Senior Care and Columbia Pacific Communites set to merge for one of India's largest senior living firms
Columbia Pacific Communites is set to merge with Kites Senior Care, forming one of India's largest senior living firms. The merger is expected to benefit Columbia Pacific Communities, which has a net worth of over Rs 25 crore. The merger is expected to boost the company's bed capacity to over 1,000 within the next six quarters. Kites Senior Care, a leading provider of out-of-hospital geriatric care services, secured an investment of Rs 45 crore from Ranjan Pai's MEMG Family Office Fund in March 2024.
StayVista launches new luxury venture called Vieda
The company said the menu at Vieda properties will be crafted by the country’s best chefs, and will offer 'unlimited' meal options. Vieda by StayVista will launch with one single celebrity-approved home in Alibaug called Magnolia Villa.
Soleos Solar Energy secures Rs 48.5 cr funding
Soleos Solar Energy secures Rs 48.5 crore funding from various investors including India Ahead Venture Fund, Sunil Singhania's family office, and Madhuri Madhu Kela. The funding will be used for working capital and renewable energy portfolio development.
Growth to come from MSME, affordable housing: Rajesh Sharma, Capri Global
Even the current risk rate have been increased, cost of fund is going up. The NBFC is only one option to pass on that cost to the customer
Will prime residential assets remain the mainstream investment avenue for HNIs in India?
Real estate, long favored by India's affluent, served as an inflation hedge in a socialist economy. However, liberalization altered dynamics, shifting focus to financial assets as domestic real estate faced cyclicality amidst changing economic landscapes.
Nikhil Kamath, Manyavar family office may join A91 in Rare Rabbit’s Rs 500 crore funding
Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know. Along with Rare Rabbit, the brand's parent company Radhamani Textiles also owns women's premium fashion brand Rareism and everyday wear brand Articale.
Insidious 6 release date confirmed: Will the Lambert family’s story continue? Plot details and cast
Blumhouse Productions is reviving the spine-chilling horror saga, Insidious, with the official announcement of Insidious 6. Starting its journey in 2010 with the inaugural Insidious movie, the series delves into the haunting trials of the Lambert family.
'Furiosa: A Mad Max Saga' vs 'The Garfield Movie': Who will win at box office? All you need to know
Garfield is coming to the big screens with its stateside debut amid a projected tough contest against "Furiosa: A Mad Max Saga" at the domestic box office. The film by Sony aims at attracting family audiences, which apparently, is a similar case for Furiosa too, leading to a fierce encounter.
In rare form, saffron worth king’s ransom: ‘Kesar’ prices soar up to Rs 4.95 lakh/kg in retail as Iran tensions weaken its exports of the spice
Amidst geopolitical tensions in West Asia causing a sharp decline in saffron supplies from Iran, Indian saffron prices have surged by over 20% at wholesale and 27% at retail levels, reaching Rs 3.5-3.6 lakh per kg. Kashmiri saffron, renowned for its quality, faces production challenges, with output declining significantly despite receiving a Geographical Indication (GI) tag. Factors such as pollution from new cement factories in Pampore and erratic weather conditions contribute to the decline.
CBAM, permanent establishment rules, transfer pricing key in India’s outbound FDI: EY
EY's report highlights how environmental concerns and clean energy challenges could impact Indian companies investing abroad. The report delves into areas like CBAM, transfer pricing, and investment rules, emphasizing the need for proactive measures. It also discusses FTA opportunities, global acquisitions, and risks related to BEPS rules, POEM, and intellectual property laws.
ETMarkets Smart Talk: Why are arbitrage funds popular among HNIs, Anuj Kapoor decodes
Anuj Kapoor of JM Financial discusses the tax efficiency of arbitrage funds for HNIs and the growth of new millionaires in Tier 2 and Tier 3 cities. He highlights the interest in unlisted opportunities, strategic advisory for family businesses, and the impact of market volatility on investments. Kapoor says: "Funds focussed on the manufacturing, defence, PSUs, which have been underperformers over the last decade, have shown strong performance and have delivered stellar returns."
Capri Global names Vivek Jain chief human resources officer
Vivek Jain has been appointed as the new Chief Human Resources Officer (CHRO) of Capri Global Capital, a leading non-banking finance company. With over 25+ years of industry experience, Jain will focus on attracting, developing, and retaining top talent, and creating a high-performance culture. He joins from Kotak Bank, where he held key HR roles for over 15 years.
Royal Family of Abu Dhabi makes strategic investment in Beyoung, to expand domestic and global presence
This strategic investment marks a pivotal moment in Beyoung’s trajectory, signalling not just an injection of financial support, but a testament to the startup’s global potential and enhancing its omnichannel presence worldwide with ambitious plans to launch over 300 stores globally in the next three years, it said in a statement.
Dubai’s Golden Visas are helping the city defy global office slump
Dubai's economy is thriving as it attracts expatriates, expands business licenses, and experiences high demand for commercial real estate. From crypto investors to rich Indians looking for second homes, as well as young job seekers, the city's reforms and flexible residency rules have made it a desirable destination for individuals and businesses, leading to population growth and increased investment.
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