Databricks raises $500 mn, takes its valuation to $43 bn
Data analytics and AI software maker Databricks has raised over $500 million as part of its Series I funding, taking…
Data analytics and AI software maker Databricks has raised over $500 million as part of its Series I funding, taking…
During the week starting June 7, the unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore.
Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up six debt schemes in 2020.
In a separate statement, Vivek Kudva said that he is reviewing the Sebi's order and considering appropriate next steps which may include filing an appeal before the SAT.
SBI MF has already distributed Rs 12,084 crore to investors. This included Rs 2,962 crore distributed during the week of April 12.
As per the reports, Franklin Templeton had threatened to exit India if it was not given a fair hearing.
The six schemes together had an estimated Rs 25,000 crore as AUM.
The official said the agency registered the case on the basis of an FIR lodged by the Economic Offences Wing (EOW) of the Chennai Police.
A bench comprising Justices S.A. Nazeer and Sanjiv Khanna orally observed that objections around e-voting are a contentious issue.
The company had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
