Tuesday, 5 May 2015
Last updated 2 hours ago
Mar 12 2009 | 4:09am ET
The Children’s Investment Fund has become the largest seller of Indian stocks among foreign institutional investors, a dubious distinction as the British activist hedge fund cuts its investment in the subcontinent.
TCI has sold more 10% of all the stock sold by foreign investors in India this year, valued at US$222.2 million. That’s about one-third of the US$666.6 million in Indian stocks owned by TCI last year.
The hedge fund’s Indian investments have been mostly in banks. TCI this year has cut its stake in the likes of the Punjab National Bank, Union Bank of India, Indian Overseas Bank and Oriental Bank.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…