“The big risk is that we won’t have enough money at all for the green transition,” former Italian Prime Minister Enrico Letta told POLITICO before meeting leaders to deliver a report on EU competitiveness. He noted that there was little provision for the EU’s Green Deal after the bloc’s €732 billion pandemic recovery package ends in two years. ‘Impossible triangle’ …
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Alternative investments are gaining momentum among institutional investors, enticing insurers to consider this asset class even as local public markets continue to shine. “We are seeing good traction in the alternative investment funds (AIF) in India and the quantum of funds that they are mobilising and deploying,” said Ajit Banerjee, CIO of Hyderabad-headquartered Shriram Life Insurance. “AIF as an investment …
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Skift Take 2023 was a record year for Indian hospitality in terms of hotel investments as well as new branded hotel openings and signings. — Bulbul Dhawan The Indian hospitality industry witnessed investments to the tune of $401 million in 2023, real estate company JLL revealed in a new report. This was nearly four times the transaction volume recorded in …
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When the Francis Scott Key Bridge in Baltimore collapsed last week after a huge container ship ran into a support column, the fatal event sent ripples throughout the global supply chain that are still being assessed. Authorities have closed an area within 2,000 yards of the wreckage, blocking access to the Port of Baltimore, the second-largest U.S. coal exporting hub …
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Byju Raveendran, the founder of embattling edtech group Byju’s, has made a last-ditch attempt to placate disgruntled investors, informing them that the board is weighing an offer of renounced shares to prevent dilution of their holdings ahead of validating a recent rights issue that cuts the Indian startup’s valuation by 99%. In an email to shareholders Friday morning, a copy …
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Korea Investment Corporation (KIC) is poised to open its India branch office this year, setting its sights on infrastructure investments for a start, with the aim to branch out into alternative investments as well. “The new branch office in Mumbai is expected to play a pivotal role in finding quality investment opportunities in alternative assets, particularly in private equity, including …
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