Factorial Capital Management

Toyota Motor Corp's first venture capital fund is investing in startups that help the Japanese automaker refine everyday processes by bringing sharper supply-chain management and robotics to the factory floor, a fund executive said.

The Securities Appellate Tribunal (SAT) has ordered the Securities and Exchange Board of India (Sebi) to provide proof of its insider trading charges against Factorial Capital Management within two months, adding pressure on investigators to resolve a year-long case.

In an interim order issued in June, SEBI had banned Factorial on suspicion that the hedge fund had shorted L&T Finance Holdings Ltd, an Indian financial services company, before the announcement of a share sale in the company in mid-March.

Suspecting illicit insider trading and market manipulation through misuse of the 'participatory note' route, the Securities and Exchange Board of India (Sebi) is probing a possible nexus between promoters of listed companies, investment bankers and foreign funds for such activities.

In what is emerging as the biggest insider trading probe in India, the Securities and Exchange Board of India (Sebi) the country's capital market watchdog - may seek help from its peers in foreign countries, including Hong Kong, Singapore and Mauritius, as it widens investigations into suspected market activities of several overseas hedge funds.

The Securities and Exchange Board of India (Sebi) may investigate the domestic unit of Credit Suisse Group to determine whether price sensitive information about a share deal that the authority has ruled to be insider trading was leaked by the investment bank.

The Securities Exchange Board of India (Sebi) on Thursday accused Factorial of insider trading, saying it suspected the hedge fund had shorted L&T Finance Holdings Ltd before the announcement of a share sale in mid-March.

In a seven-page document, SEBI said it had established that Factorial along with more than 70 institutional investors, not identified, were approached by Credit Suisse about their interest in a potential share sale of L&T Finance by its majority owner Larsen & Toubro Ltd, India's biggest engineering company.

China's official purchasing managers' index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering from a first-quarter trough, but smaller factories are still struggling. The improvement in manufacturing likely reflected restocking after a slow winter.

Toyota Motor Corp's first venture capital fund is investing in startups that help the Japanese automaker refine everyday processes by bringing sharper supply-chain management and robotics to the factory floor, a fund executive said.

The Securities Appellate Tribunal (SAT) has ordered the Securities and Exchange Board of India (Sebi) to provide proof of its insider trading charges against Factorial Capital Management within two months, adding pressure on investigators to resolve a year-long case.

In an interim order issued in June, SEBI had banned Factorial on suspicion that the hedge fund had shorted L&T Finance Holdings Ltd, an Indian financial services company, before the announcement of a share sale in the company in mid-March.

Suspecting illicit insider trading and market manipulation through misuse of the 'participatory note' route, the Securities and Exchange Board of India (Sebi) is probing a possible nexus between promoters of listed companies, investment bankers and foreign funds for such activities.

In what is emerging as the biggest insider trading probe in India, the Securities and Exchange Board of India (Sebi) the country's capital market watchdog - may seek help from its peers in foreign countries, including Hong Kong, Singapore and Mauritius, as it widens investigations into suspected market activities of several overseas hedge funds.

The Securities and Exchange Board of India (Sebi) may investigate the domestic unit of Credit Suisse Group to determine whether price sensitive information about a share deal that the authority has ruled to be insider trading was leaked by the investment bank.

The Securities Exchange Board of India (Sebi) on Thursday accused Factorial of insider trading, saying it suspected the hedge fund had shorted L&T Finance Holdings Ltd before the announcement of a share sale in mid-March.

In a seven-page document, SEBI said it had established that Factorial along with more than 70 institutional investors, not identified, were approached by Credit Suisse about their interest in a potential share sale of L&T Finance by its majority owner Larsen & Toubro Ltd, India's biggest engineering company.

China's official purchasing managers' index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering from a first-quarter trough, but smaller factories are still struggling. The improvement in manufacturing likely reflected restocking after a slow winter.