Tag Archives: Investor

Exclusive: ED probes largest investor in Future Generali

Kishore Biyani led Future Generali India Insurance’s deal with Shendra Advisory Services has come under the scanner of the Enforcement Directorate (ED). Shendra Advisory Services (earlier called Shendra Infrastructure Development), which is the largest investor in Future Generali India, had approached Reserve Bank of India (RBI) earlier this year for compounding amount (settlement through penalties) for the lapses it made in declaring its ... Read More »

Paytm Now Has 122 Million Active Users, Claims Investor

Paytm, one of India’s largest electronic payment platforms, has seen over five-fold rise in active users in one year, a senior company official said on Thursday. Ant Financial Services Group, an Alibaba Group affiliate, took 25 percent stake in One97, owner ofPaytm, as part of a strategic agreement in 2015. Peng Yijie, director of international business at Ant Financial, the ... Read More »

Who’s Next? Asia Investor Activism Set to Grow After BlackRock Public Campaign

Hong Kong: Following a rare public campaign, BlackRock Inc voted against a deal planned by a Hong Kong firm that the world’s biggest asset manager partly owns, revving up investor activism in Asia after it roared ahead in 2015. In a ballot on Tuesday, BlackRock rejected G-Resources Group Ltd’s plan to sell its main asset, an Indonesian gold mine, saying ... Read More »