India’s Financial Intelligence Unit (FIU) has imposed a fine of 188.2 million rupees ($2.25 million) on the world’s largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations. India requires virtual digital asset service providers like crypto exchanges to be registered with the FIU as a reporting entity and… Continue reading India’s financial watchdog fines Binance for flouting anti-money laundering norms
Author: Deal Street Asia Online News
SoftBank to ramp up US power business for generative AI
Japan’s SoftBank Group will ramp up its power generation business primarily in the United States to supply power to generative artificial intelligence projects worldwide, founder Masayoshi Son said on Thursday. SoftBank Group-backed SB Energy develops and operates renewable electricity businesses across the United States. Son also said the group will look for “seeds of new… Continue reading SoftBank to ramp up US power business for generative AI
BPEA Credit hits first close of Select Short Term Income Fund
Asian mid-market performing credit platform BPEA Credit has hit the first close of its Select Short Term Income Fund-I (SSTIF-I), with a target fund size of Rs 750 crore. While the fund declined to disclose the amount raised in the first close, a report by The Economic Times has pegged it at around Rs 375… Continue reading BPEA Credit hits first close of Select Short Term Income Fund
Norfund provides $30m convertible loan to Vietnam-based SeABank
Norwegian development finance institution Norfund will invest $30 million in Vietnam-based Southeast Asia Commercial Bank (SeABank) through a convertible loan. The loan can be converted into common shares of SeABank within a four-year term, the Vietnamese lender said in a statement. The investment will provide additional capital to support SeABank’s retail banking customers and micro, small… Continue reading Norfund provides $30m convertible loan to Vietnam-based SeABank
India’s Allied Blenders and Distillers files for $180m IPOThe company aims to use proceeds from that sale to reduce some of its outstanding borrowings…
Indian liquor company Allied Blenders and Distillers (ABD) on Wednesday filed for an initial public offering (IPO) to raise up to $180 million, amid intensifying competition in a market dominated by the likes of Diageo and Pernod Ricard. ABD, which sells whisky brands such as Officer’s Choice and Sterling Reserve in India’s estimated $33 billion… Continue reading India’s Allied Blenders and Distillers files for $180m IPOThe company aims to use proceeds from that sale to reduce some of its outstanding borrowings…
India: A91 Partners, MO Alts, ChrysCapital eye Peak XV’s stake in HealthkartHealthKart last raised $135m from investors such as Temasek, A91 Partners …
Go to Source
SE Asian gummy candy maker Yupi hires Jefferies to sample options
Go to Source
India Digest: 8X Ventures, GVFL reach first close of early-stage vehicles
Early-stage venture capital firm 8X Ventures has achieved the first close for its deep tech fund while GVFL also reached the first close of its new seed-stage fund. 8X Ventures hits first close of deep tech fund Early-stage venture capital firm 8X Ventures has hit the first close of its deep tech fund at Rs… Continue reading India Digest: 8X Ventures, GVFL reach first close of early-stage vehicles
India Digest: TRMW invests $15m in WROGN; JM Financial backs Modish Tractoraurkisan
TRMW has acquired a 16% stake in men’s wear brand WROGN for about $15 million while JM Financial Private Equity has finalised an investment in farm equipment company Modish Tractoraurkisan Pvt Ltd. TRMW invests $15m in WROGN TRMW, an e-commerce rollup venture owned by Aditya Birla Group Venture, has acquired a 16% stake in men’s… Continue reading India Digest: TRMW invests $15m in WROGN; JM Financial backs Modish Tractoraurkisan
HSBC extends loan to Vietnam’s Gene Solutions; Japan’s Ayudante acquires SG’s SparklineThe social loan, HSBC’s first for a Vietnamese corporate group,…
HSBC has provided a social loan to Mekong Capital-backed biotech company Gene Solutions, while Japan’s Ayudante has announced its acquisition of Singapore-based Sparkline. HSBC extends loan to Gene Solutions HSBC on Wednesday announced that it has extended a social loan to Vietnamese biotech company Gene Solutions to support its expansion in Southeast Asia. Founded in… Continue reading HSBC extends loan to Vietnam’s Gene Solutions; Japan’s Ayudante acquires SG’s SparklineThe social loan, HSBC’s first for a Vietnamese corporate group,…