Investment

Life Insurance Corporation of India (LIC) might be touching an all-time high in equity investment (gross).Close LIC is not only the largest insurer, but it is also the largest domestic institutional investor in the country. Therefore, its equity investments hold significance.In this episode of Reporter's Take, Moneycontrol's Shraddha Sharma talks to M Saraswathy to understand how LIC invests and what is the YoY growth.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Reporter’s Take | LIC’s equity investments may touch all-time high

A giant pension scheme with more than 4 million members is shifting almost 10% of its investments into a new climate change fund designed to move people’s money out of fossil fuels and into renewable energy. Nest (National Employment Savings Trust), a publicly owned scheme set up by the government, said it was moving £130m into the fund because it wanted to protect its worker members from the risks associated with climate change by reducing their exposure to companies with reserves of coal, oil and gas. Nest has named oil groups Shell and ExxonMobil as two of the companies in which it is set to scale back its investment, with SSE, one of Britain’s biggest energy firms, one of those likely to be a beneficiary of the new strategy. The move has been welcomed by climate change campaigners and comes amid an ongoing global carbon divestment campaign that has succeeded in persuading hundreds of institutions, including universities, pension funds and charitable foundations, to … [Read more...] about Government pension scheme begins ditching oil and gas investments

Cyprus is to strip 26 people of their golden passports acquired under an investment scheme after "mistakes" were made, Interior Minister Constantinos Petrides announced on Thursday. Petrides, who spoke to reporters after a Cabinet meeting, did not disclose the names or nationalities of those concerned but said that they included people cited in recent media reports. The small Mediterranean island has had a citizenship for investment scheme since 2013 allowing wealthy non-European individuals to get a foothold in the European Union for a minimum of €2.15 million. Some 4,000 people have so far acquired Cypriot nationality under the investment programme. The EU has heavily criticised these golden passport schemes — also available in Malta and Bulgaria — warning earlier this year that they could help organised crime groups infiltrate the bloc and raised the risk of money laundering, corruption and tax evasion. The island's government had at the time accused Brussels of … [Read more...] about Cyprus to strip 26 people of citizenship acquired under investment programme

(Reuters) - Two-time World Cup winner Megan Rapinoe has been at the forefront of the U.S. national women’s team’s fight for gender pay equity but the fiery forward has told Reuters she also hopes for more investment in the domestic league and better pay for club players. Earlier this month, the U.S. National Women’s Soccer League (NWSL) announced new compensation guidelines for 2020, including a nearly 20 percent increase in the overall salary cap as well as allocation money allowing teams to invest in some players above the maximum salary. However, the funds cannot be used to pay players who are members of the U.S. and Canadian national teams, a move that Rapinoe, a standout for the NWSL’s Reign FC, criticized. “We need to sit down and have more substantive conversations about what that looks like,” the Californian told Reuters when asked about the allocated fund provisions. “It’s going to be a necessary step before the NWSL gets … [Read more...] about Rapinoe calls for more investment in U.S. women’s game

Asian Infrastructure Investment Bank (AIIB) on Friday announced a USD 500-million loan to help build rail and road infrastructure in the megapolis.With this, the Beijing-headquartered developmental bank's overall commitment to the country has gone up to nearly USD 3 billion, making it the largest borrower with a 30 percent share.The AIIB was started by 67 counties in 2016 and India is the second largest shareholder after China, and has already committed USD 2.9 billion in capital already.The USD 500-million loan for the Mumbai Urban Transport Project-3 will be for 35 years and local authorities will pay 1.40 per centover the Libor as interest.The loan will be used to quadruple the 64-km Virar- Dahanu corridor, a new 28-km suburban rail corridor between Panvel and Karjat, and to build 36 bridges/walls around the city's rail lines to reduce deaths.Bank's vice-president and chief investment officer DJ Pandian said over 50 percent of the land acquisition for these projects are already … [Read more...] about Mumbai infrastructure gets a $500 million AIIB boost