What Is Spic Insurance

News Roundup: IL&FS May Invest $100M In KVK Energy

IL&FS May Invest $100M In KVK Energy - Infrastructure Leasing & Financial Services (IL&FS) is understood to be exploring options to invest $100 million in KVK Energy & Infrastructure to part-fund new and upcoming projects of the Hyderabad-based infrastructure company. IL&FS may invest through IL&FS Investment Managers, its private equity arm, and also partly through debt from one of its group arms. KVK Energy had earlier raised more than Rs 200 crore from Old Lane, a US-based fund founded by Citigroup CEO Vikram Pandit. KVK Energy has four operational projects with a cumulative capacity of 70 Mw and is putting up five more with an additional capacity of about 1,550 MW. (Business Standard)

AMRI Ups Bid For Sterling Hospitals - Emami-backed AMRI put in a revised bid of over Rs 600 crore to acquire Ahmedabad-based Sterling Hospitals after being challenged by private equity biggies, including Malaysia's sovereign wealth fund Khazanah. Khazanah controls Singapore's Parkway Holdings and also holds minority shares in India's largest private healthcare group Apollo Hospitals Enterprise. Sterling Hospitals promoter Actis estimates valuation at over Rs 650 crore. Investment bank JM Financial had set July 29 as the last day for submitting initial bids. (Times of India)

Reliance Broadcast In Talks With PEs - Media firm Reliance Broadcast Network Ltd (RBNL) today said it is in talks with private equity firms and strategic investors to fund its expansion plans in radio and television segments. The Anil Ambani-led Reliance Group company has plans to invest up to Rs 200 crore on radio business once licences for the FM Phase-III expansion are issued by the government and also make investment on the TV business to expand its portfolio of channels and reach. (Moneycontrol)

Kotak To Offload 11% In Commodity Exchange - Kotak Mahindra Bank, which holds 51% in Ace Derivatives & Commodity Exchange, is in talks with foreign and domestic investors to sell 11% in the bourse. Anchor investor Kotak has to cut its stake to 40% from 51% by October 26 to comply with a government rules on shareholding in a commodity exchange. The anchor investor has to reduce its stake to 40% within one year of the exchange going live, and to 26% over the next four years.

Stock Brokerage - What happens to your stocks if a brokerage ...

It depends on where the brokerage office is located and under what laws it operates.

Lehman Brothers went bankrupt recently. And much of customer trading accounts have been frozen for a couple of years under British law in some brokerage offices of Lehman Brothers.

It is best to stay away from any brokerage that is in danger of bankruptcy. Because CFOs tend to do strange things and unethical with other people's money when they are in danger of losing their own money.

SIPC insurance should cover your account, but not lose your trading.If your holdings lose value that you lose money, as always. But if the business fails, you should be able to get your equity if it is a U.S. brokerage firm covered by the SIPC. I do not think SIPC is supported by the government, but they are bailing out anyone in need and their dog today.

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