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InCred Asset Management announced raising of Rs 300 crore from large family offices and high networth individuals for its maiden credit fund - InCred Credit Opportunities Fund I (ICOF-I) -- while the intended base fund size was Rs 500 crore.

Avenue Capital-backed Asset Reconstruction Company of India (Arcil) in partnership with Welspun, has been acquiring Sintex BAPL loans from lenders since the beginning of this fiscal year. Separately, Welspun Corp subsidiary Mahatva Plastic Products & Building Materials has purchased bonds of Sintex BAPL from the secondary market.

It however reaffirmed its commitment towards its investors and the India healthcare sector, and said that it will make appropriate announcement to Malaysia’s stock exchange in a timely manner, it further said.

The platform for CBDC is being hosted by the National Payments Corporation of India and will be similar to the current UPI platform, said bankers involved in the rollout. The central bank wants each bank to test the retail CBDC with 10,000 to 50,000 users for the pilot project.

The AUM of the SIP linked funds grew by 28.8% annually in the past five years, faster than the 13% growth in the industry AUM at Rs 39.1 lakh crore in the same period. During the period, SIP linked funds received an inflow of Rs 5.3 lakh crore.

The EGM will consider an ordinary resolution of the appointment of an independent forensic auditor for conducting a forensic audit to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges over the past six years and the affairs of the company. The investigation would verify all records, books of accounts, minutes books, and other documents of the company.

Rekhi and other promoters currently hold 52% stake in R Systems, which Blackstone will acquire for Rs 245 per share

The IPO will include a fresh issue of shares worth up to Rs 1600 crore

Further, in One 97 Communications (Paytm), SVF India (SoftBank Group) sold 4.5% stake worth Rs 1,631 crore, showed NSE bulk deals data

The Dow Jones Industrial Average fell 224.6 points, or 0.67%, at the open to 33329.27