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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Thousands of crores have gone into brand new funds investing in “ESG” firms. But how does a coal miner or a fraud-hit company count?
Editor's note: We have a hot new phenomenon in the market—ESG, short for “environment, social and governance”. The market knows it, listed companies know it, fund managers know it and the regulator knows it. Companies are lining up to attract more equity capital with their statements of commitment towards environment and social consciousness and impeccable governance standards. Fund managers who are looking for ways to attract more retail money in equity funds have launched seven new funds in the past one-and-a-half years, solely focused on companies that are scoring high on the three parameters of environmental sustainability, social impact and corporate governance. These funds in a short period of 18 months have amassed assets under management of Rs 7,000 crore. As an aside, Mukesh Ambani’s Reliance Industries Ltd at its annual general meeting yesterday notably announced a Rs 75,000 crore plan to invest in “new energy”, which could at least in part be a step towards securing a slice of that burgeoning ESG funding. Anyway, with the exception of SBI Mutual Fund and Quantum Mutual Fund, all the other fund houses launched …
Thousands of crores have gone into brand new funds investing in “ESG” firms. But how does a coal miner or a fraud-hit company count?
Editor's note: We have a hot new phenomenon in the market—ESG, short for “environment, social and governance”. The market knows it, listed companies know it, fund managers know it and the regulator knows it. Companies are lining up to attract more equity capital with their statements of commitment towards environment and social consciousness and impeccable governance standards. Fund managers who are looking for ways to attract more retail money in equity funds have launched seven new funds in the past one-and-a-half years, solely focused on companies that are scoring high on the three parameters of environmental sustainability, social impact and corporate governance. These funds in a short period of 18 months have amassed assets under management of Rs 7,000 crore. As an aside, Mukesh Ambani’s Reliance Industries Ltd at its annual general meeting yesterday notably announced a Rs 75,000 crore plan to invest in “new energy”, which could at least in part be a step towards securing a slice of that burgeoning ESG funding. Anyway, with the exception of SBI Mutual Fund and Quantum Mutual Fund, all the other fund houses launched …
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
