Amicus Financial News

₹207 crore ($25 million) to the second fund of India-focused growth capital fund Amicus Capital Partners. The investment is from NIIF Fund of Funds – I, the first fund under NIIF’s Private Markets business. The commitment underscores NIIF's intent to back "fund managers who are executing a well-defined investment strategy in a disciplined manner with a strong team", said Anand Unnikrishnan, managing partner – private markets, NIIF, in a release.

commitment of Rs207 crore ($25 million) from NIIF Fund of Funds – I, the first fund under its Private Markets business to Amicus Capital Partners India Fund II. With a target size of $200 million, Amicus Capital Fund II expects to support businesses that leverage technology to scale, early in their growth journey, across sectors such as speciality manufacturing, technology & business services, healthcare, financial services and other sectors, stated a release from NIIF.

Capital Small Finance Bank debuted with a discount of 7% on the exchanges on Wednesday. The stock listed at Rs 435 on BSE as against an issue price of Rs 468. Meanwhile, the stock listed at Rs 430.20, down 8% on NSE. Ahead of the listing, the company's shares traded flat in the unlisted market.

Oral arguments kicked off in Manhattan Wednesday regarding the highly anticipated case against Coinbase brought forward by the United States Securities and Exchange Commission (SEC).

₹1,215 crore). The fund plans to invest $10-30 million each in 10-12 middle market companies across five key sectors—financial services, consumer, healthcare, technology & business services, and specialty manufacturing, a company statement said. European Investment Bank, US International Development Finance Corporation, Self-Reliant India (SRI) Fund, HDFC Fund of Funds, large domestic insurance companies & financial institutions, family offices and HNIs from across the world are some prominent investors that participated in the second fund.

Capital Small Finance Bank, Krystal Integrated Services and Vibhor Steel Tubes — have received Sebi's go-ahead to raise funds through Initial Public Offerings (IPOs). All three firms, which filed their preliminary IPO papers with the capital markets regulator in October 2023, obtained their observation letters during January 8-12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, obtaining its observation letter means its approval to float the public issue.

Allahabad High Court on Monday. The hearing was put off at the request of the Shahi Masjid Idgah Committee who informed the Court that they had filed a Special Leave petition (SLP) against the order in the Supreme Court the apex court has fixed January 9 as the date of hearing. Therefore, the hearing has been postponed till then. A total of 18 civil suits are pending.

The purchase of Amicus Wealth brings 7IM's assets under management to approximately £22bn and brings the number of staff to more than 550.

adolescent girls should "control sexual urges" and "not give into two minutes of pleasure". The high court had made the observations while hearing an appeal by a boy who was sentenced to 20 years in prison for the offence of sexual assault.

Aequs has bagged a 10-year contract to make parts for Airbus’ A320, A330neo and A350 aircrafts. Under the terms of the agreement, Aequs will make detailed parts, and parts with bench assembly for wings, fuselage, and pylons for Airbus’ including its popular single-aisle family of aircraft over the period of the contract. Aravind Melligeri, Chairman of Aequs, said, “This contract is a significant moment in Aequs' journey with Airbus.

MPs/MLAs' to monitor early disposal of criminal cases pending against the members of parliament and the legislative assemblies," said one of the directions passed by the bench of Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra. The Supreme Court bench also directed high courts to create an independent tab on the website to provide district-wise information about the details of year of the filing, number of subject cases pending and the stage of proceedings.

Two groups sometimes at odds with Finra over how best to protect investors are backing the regulator against a lawsuit that questions its constitutionality.

A concerted effort is underway to defend against the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Binance. This lawsuit, rooted in allegations dating back to at least July 2017, claims that Binance, under the stewardship of CEO Changpeng Zhao, operated as unregistered exchanges, brokers, dealers, and clearing agencies, thereby generating substantial revenue primarily from transaction fees from U.S. customers​1​. In light of these allegations, the Chamber of Digital Commerce, headquartered in the United States, has mobilized alongside a myriad of other businesses, groups, legal experts, and politicians to challenge the SEC's lawsuit.

(Corrects number of terms in office to four in paragraph two)

PTI, a bench comprising Justices Sanjay Kishan Kaul and Sudhanshu Dhulia acknowledged the statements made by senior advocate Aparajita Singh. Singh is providing assistance to the apex court as an amicus curiae in matters related to pollution.

international STEM students in the United States, the Supreme Court has refused to hear an appeal challenging the Optional Practical Training (OPT) program. The OPT program, which permits international students in the United States on student visas to work during their studies or up to one year post-graduation, has been a crucial pathway for international students seeking employment opportunities in the country. At the heart of the case was the extension of the OPT program for up to 36 months after graduation, a provision introduced by the Department of Homeland Security in 2008 and modified in 2016. This extension was exclusively available to students pursuing careers in science, technology, engineering, or math (STEM) fields, making it especially attractive to tech companies. The Washington Alliance of Technology Workers (Washtech), a Communication Workers of America affiliate, initiated the legal challenge against this extension in 2014, arguing that it allowed tech employers to sidestep the H-1B visa program, which has limited annual quotas and is assigned through a lottery system. The STEM OPT extension not only simplifies the hiring process for tech employers but also enables visa holders to apply for a green card during their stay in the US, offering a pathway to permanent residency similar to H-1B visa holders. Throughout the legal battle, Washtech faced several setbacks, including a critical decision by the DC Circuit Court of Appeals in 2022. The union's argument questioned the Department of Homeland Security's authority to establish the OPT STEM extension, contending that it reshaped the entire non-immigrant visa system and undermined protections for American workers.

Delhi High Court has asked the Centre and the AAP government to streamline the process for availing medical facilities under various health welfare schemes, while taking note of the constraints faced by people from economically weaker sections wanting to enjoy such benefits. The high court constituted a seven-member committee headed by Delhi chief secretary to iron out the defects in the current system.

Capital Small Finance Bank intends to raise money through an IPO by issuing equity shares with a face value of ₹10 each, consisting of a fresh issue of equity shares with an aggregate price of ₹450 and an offer for sale (OFS) of up to 2,412,685 equity shares. The Oman India Joint Investment Fund II, up to 836,728 equity shares, PI Ventures LLP, up to 337,396 equity shares, Amicus Capital Private Equity I LLP, up to 604,614 equity shares, Amicus Capital Partners India Fund I, up to 70,178 equity shares, and other parties listed in DRHP, up to 563,769 equity shares make up the OFS up to 2,412,685 equity shares.

Supreme Court on Tuesday took note of the «urgent need» to ensure filling up of 275 vacancies for the post of junior civil judge in Haryana and directed the state to take necessary steps within two weeks to ensure that the recruitment is conducted. A bench headed by Chief Justice D Y Chandrachud said the recruitment be conducted by a committee consisting of three judges of the Punjab and Haryana High Court nominated by the chief justice there, the state's chief secretary, the Advocate General of Haryana and the chairperson of the Haryana Public Service Commission.

Delhi High Court has directed the state government, MCD and DDA to explain how permissions were granted for new constructions in the Southern Ridge forest area where a multi-storey housing project has already come up. The high court was informed by the amicus curiae that there have been illegal construction activities being carried out in Chattarpur area within the southern ridge. «The counsel appearing on behalf of the Forest Department, Delhi government as well as counsel for MCD and Delhi Development Authority (DDA), are directed to file a detailed and exhaustive affidavit, explaining the grant of permissions in respect of new constructions in the Southern Ridge forest area, including but not limited to the housing project 'Risland-Sky Mansion',» a bench of Justices Satish Chandra Sharma and Justice Sanjeev Narula said. The high court was hearing a batch of PILs on the problem of poor ambient air quality in Delhi, an issue which it has also taken up suo motu and in which it has also appointed an amicus curiae (friend of the court).

mifepristone, a drug developed by Danco Laboratories, and the subject of a contentious legal battle that could shape the future of abortion access in the United States. Here, we delve into the critical aspects of mifepristone, its role in medication abortions, and the ongoing legal debate surrounding it.