[CECA] CNBC: UNPRECEDENTED TIMES, TEMASEK Looking to invest in insurance, banks, fintech in INDIA

[ilte2377]

How much money do they have to lose in ceca?

 

[trevlim]

they really like to gum ceca cocks sibo

 

[tokiya]

more millions into India?

Temasek to back Bigbasket in $400 million round
Digbijay Mishra and Madhav Chanchani*|*TNN*|*Updated: Sep 29, 2020, 14:24 IST

BENGALURU: Singapore state investor Temasek, hedge fund Tybourne Capital and former US vice-president Al Gore’s Generation Investment Management are among the potential new backers for Bigbasket. The online grocer is looking to mop up $350-400 million in a new round of funding, said two sources familiar with the development.

The deal will include a primary infusion of $250-300 million for the business, besides a secondary sale of shares by existing holders, said the sources. The move comes as Bigbasket is also considering a potential public market offering by next year.

Temasek has emerged as one of the most active growth stage investors in Indian internet companies recently, backing online medicine seller PharmEasy and healthcare platform CureFit. Additionally, it has holdings in food delivery firm Zomato, online financial services provider PolicyBazaar, ride-hailing major Ola and payments firm Pine Labs.

https://timesofindia.indiatimes.co...asket-in-400mn-round/articleshow/78372845.cms

Will BigBasket become Basket Case?

 

[tokiya]

Will you rather bet your money at MBS/RWS Casino or invest in India?

 

[anuclearbomb]

Good strategy, if u keep buying non stop, u are bound to get it right at least once

 

[tokiya]

Good strategy, if u keep buying non stop, u are bound to get it right at least once

NO FEAR.

DOUBLE DOWN.

https://www.business-standard.com/a...-agr-dues-by-march-31-dot-120092200015_1.html

Last Updated at September 22, 2020

Bharti Airtel, Vodafone Idea must pay 10% of AGR dues by March 31: DoT

This is irrespective of what these telecom companies have already paid; lawyers at both firms going through fine print of the Supreme Court order

According to DoT, operational telecom operators are expected to pay Rs 12,921 crore by March 31, of which close to 80 per cent has to be paid by Vodafone Idea and Bharti Airtel

Bharti Airtel and Vodafone Idea are busy dialing their legal teams to interpret what the Supreme Court meant when it said 10 per cent of their adjusted gross revenue (AGR) dues must be paid by March 31, 2021, even as the Department of Telecommunications (DoT) believes there's no ambiguity in the order.

While these telcos maintain they have already paid more than the 10 per cent of their AGR dues, the DoT view — that the companies will have to pay 10 per cent of the total dues by March 31, 2021, irrespective of what one has already paid — has turned the industry calculation topsy turvy. The telcos would decide their future course of action depending on the legal advice they get as senior counsels study the fine print of the verdict.

On September 1, the court had asked the companies to make 10 per cent of the upfront payment of their dues before March 31, 2021 to the DoT, with the remaining to be paid over 10 years starting April 1, 2021.

On Monday, a Press Trust of India report quoted an unnamed DoT official to say that telecom operators, including Bharti Airtel and Vodafone Idea, which have pending AGR dues, will have to pay 10 per cent of the total liability by March 31, 2021, irrespective of the part-payments made by them. DoT too has been consulting lawyers to understand what the court verdict on the 10 per cent upfront payment may mean.

While the two companies are busy doing their maths, experts feel that since the telcos have made payments over and above the 10 per cent of the total dues, they should be allowed to start the payment cycle from the next fiscal (April 2021-March 2022). If they are spared the 10 per cent payment by March 31, 2021, the telcos would get an additional year to kick off their 10-year instalments.

According to DoT, operational telecom operators are expected to pay Rs 12,921 crore by March 31, of which close to 80 per cent has to be paid by Vodafone Idea and Bharti Airtel.

The DoT official told PTI that the Supreme Court order is very clear that telecom operators have to make 10 per cent payment of the total dues as demanded by DoT by March 31, 2021. “DoT has already raised demand for full AGR dues. The 10 per cent payment to be made by this March will be calculated on total AGR liability,” the official said.

Based on this calculation, Vodafone Idea will have to pay around Rs 5,825 crore and Bharti Airtel Rs 4,398 crore by March 31, 2021, against the total demand of Rs 58,254 crore and Rs 43,980 crore, respectively. This is despite Vodafone Idea having already paid Rs 7,854 crore and Bharti Airtel Rs 18,004 crore out of their total dues.

There’s no AGR due pending against Reliance Jio.

Earlier this month, Vodafone Idea CEO Ravinder Takkar had said at a virtual press meet that the SC order allowing 10 years to telcos for clearing the AGR dues was a positive outcome. He had pointed out that the telco had already paid more than 10 per cent of the AGR dues as ordered by the court, giving it time till March 2022 to pay its first instalment.

The SC had last year upheld the DoT definition of AGR, ordering telcos to clear their dues which were estimated at Rs 1.47 trillion. It’s another matter that some of the telcos, which are part of the order, have either shut down, sold their operations or are going through liquidation.

 

[Mystyque]

https://www.cnbctv18.com/videos/eco...-investment-in-india-says-temasek-6993061.htm

Big Deal: Looking to invest in insurance, banks, fintech in India, says Temasek
Updated : September 26, 2020 09:10 PM IST

Temasek, an over $200 billion fund owned by the Singapore government is bullish on India and in the last few months their texture of investment has tilted towards online opportunities. Nisha Poddar caught up with Ravi Lambah of Temasek on their investment strategy in India.

He said, "We are looking at developments beyond that as I said broadly in international services and consumer and in agri. So agritech is an important part for us. We see India playing a important role in the agritech space, it is not just about supply chain, it is not just about doing good in the tech side of the agri. But you can create a very good business model not just for achieving food security in their country, in the region as we have seen necessary during COVID, but also becoming a large exporter."

He added, "We like the banks for the opportunity they provide, we like insurance, we like fintech and we like the credit space, so this is all part of our financial services strategy."

knew “we” will be donating once saw news that India is running out of money

 

[tokiya]

knew “we” will be donating once saw news that India is running out of money

They have no fear. CECA is our savior

 

[eno_lc]

Oh no, GST going 20% soon

 

[waterlucky]

Some more lusting to invest in Ant IPO.... which Trump is on planning to sanctions soon...
Later tamasick won't be able to cash out to usd liao...

 

[espenlind]

Indians in india say thanks for making us rich always!

 

[stewpig]

I would like govt to implement compulsory hindi lessons from primary to JC level. 12 years of Hindi lessons.

This will help us to get those gud finance and IT jobs.

 

[heughoghap]

I dun understand. Since temaSuck loves india so much, why dun HC just migrate there and be with them ?

 

[WC32890]

I dun understand. Since temaSuck loves india so much, why dun HC just migrate there and be with them ?

Ummmm coz HC is no longer with Temasick?

 

[slashershot]

Some more lusting to invest in Ant IPO.... which Trump is on planning to sanctions soon...
Later tamasick won't be able to cash out to usd liao...

Ant might threaten to list on hkex instead right? Trump sure jump one if liddat. U cannot make enemies of billionaires.

 

[platee]

Maybe H.C kana upz by yandao ceca before, which could explain the love for them.

 

[stewpig]

Ant might threaten to list on hkex instead right? Trump sure jump one if liddat. U cannot make enemies of billionaires.

But ant is listing on hkex wat

 

[heughoghap]

your money in lumpar's safe hands, Song boh ???

Mr. Lambah is a Chartered Accountant and a Cost and Management Accountant. Mr. Lambah holds a Bachelor’s degree in Commerce and Economics, from India’s University of Bombay.

Ravi Lambah of Temasek
Ho Jinx of Temasek

The deadliest combo, ever.

 

[tqx]

Will you rather bet your money at MBS/RWS Casino or invest in India?

Invest in RWS obviously , invest in India later you invest 1b they fine your 2b. At least rws the loss is capped

 

[BARCHORMEE]

Why are they going sho far on this?
Did it really return anything goot?


Sinklanders 上背子欠他们 karma points ish it？