Tag Archives: funds

NBFC Shiksha Finance raises funds from Dell Foundation

Incorporated in 2014 by V.L. Ramakrishnan and Jacob Abraham, Shiksha Finance provides school and student loans. Photo: Reuters Mumbai: Shiksha Finance, a non-banking financial company (NBFC) focusing on school and student loans, has raised $2.5 million (Rs16 crore) through a mix of debt and equity from Michael & Susan Dell Foundation (MSDF), a senior executive of the company said. Incorporated in ... Read More »

Only 1% of R&D funds spent for HIV, TB and malaria: WHO

Sushmi Dey| TNN | Jan 24, 2017, 12.30 PM IST Only 1% of R&D funds spent for HIV, TB and malaria: WHO Investments in health research and development (R&D) are poorly aligned with global public health needs, the World Health Organisation said, highlighting that merely 1% of the total funding on health R&D was allocated towards neglected diseases like HIV ... Read More »

Mobile-app game to raise funds for slum children

In a great noble gesture to humanity, a 17-year-old-boy from Gurgaon developed a mobile app games to raise funds to provide education for the poor children dwelling in the slum areas. The developer, Ranvijay Singh, is a commerce student of Suncity School in Gurgaon. How did Singh come up with the idea? “While travelling to the school every day, I ... Read More »

Lynn Tilton is stepping down from credit funds

Adam Jeffery | CNBC Lynn Tilton, CEO of Patriach Partners. Private equity investor Lynn Tilton is stepping down as collateral manager of all her credit funds, totaling more than $2 billion, after years of litigation with New York bond insurer MBIA. Tilton will temporarily remain in charge of three credit funds, sequentially named “Zohar,” until investors in those funds select ... Read More »

Lynn Tilton is stepping down from credit funds

Lynn Tilton, CEO of Patriach Partners. Adam Jeffery | CNBC Private equity investor Lynn Tilton is stepping down as collateral manager of all her credit funds, totaling more than $2 billion, after years of litigation with New York bond insurer MBIA. Tilton will temporarily remain in charge of three credit funds, sequentially named “Zohar,” until investors in those funds select ... Read More »

Fed funds futures: Less than 30 pct chance of even 1 rate hike in 2016

Traders now see less than a 30 percent chance of even 1 rate hike at any Federal Reserve meeting this year, according to data from the CME Group. The CME’s FedWatch tool showed markets assigning no higher than a 28 percent chance of a hike at any meeting this year, and just a 31 percent chance of a hike at ... Read More »

Ant Simulator game canceled after devs blow Kickstarter funds on strippers and booze

UPDATE: The Kickstarter funds referenced actually pertain to YouTube videos Tereshinski later made featuring bits of Ant Simulator—videos which he is also forced to remove in light of today’s events. However the game itself was funded with other sources. Either way, both the Kickstarted videos and the game itself are now pulled. Apologies for the confusion, and still: Best of ... Read More »

Hedge funds buy the most stocks in 5 years: Report

Even though the U.S. stock market is off to one of the worst starts ever, hedge funds are buying the most equities they have in five years, according to data from one major Wall Street firm. Bank of America Merrill Lynch’s clients were net buyers of $2.3 billion worth of equities last week, according to its client trading desk data. ... Read More »