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State-owned India Infrastructure Finance Company Ltd (IIFCL) is aiming to double its exposure in Infrastructure Investment Trusts (InvITs) to Rs 6,000 crore during the ongoing fiscal year as part of its investment diversification strategy. IIFCL has exposure of Rs 3,000 crore across nine InvITs as of March 31, 2026. "We hope to double our investment in InvITs during the current financial year. It should reach Rs 6,000 crore by the end of March 2027," IIFCL MD Rohit Rishi told PTI. Highlighting the importance of the infrastructure sector, he said, it is going to play a central role in sustaining the country's long-term economic growth and achieving the goal of Viksit Bharat by 2047. Rishi emphasised India's resilience amid global uncertainties and underscored the central role of infrastructure in sustaining long-term economic growth. The expanding opportunities across transport, urban infrastructure, and clean energy is being supported by a strong policy push and a robust pipeline
Union Finance Minister Nirmala Sitharaman on Tuesday released the BJP's manifesto for the Assam assembly polls, promising protection of land, heritage and dignity of indigenous people and Rs 5 lakh crore infrastructure investment. BJP's 'Sankalp Patra' comprises 31 promises, including the recovery of encroached land from "Bangladeshi Miyas", implementing the Uniform Civil Code, and creating employment opportunities for youths. The manifesto pledged to protect the land, heritage and dignity of the indigenous people of Assam by implementing the Immigrants (Expulsion from Assam) Act, 1950, to expedite the process of detection and pushback of illegal immigrants. The BJP also promised that it would strengthen the legislative protections to preserve the civilisation, heritage and rights of the people of Assam by implementing the UCC, excluding the Sixth Schedule and Tribal areas, to ensure the rights of ethnic communities. It pledged to "free every inch of land from encroachment by illeg
The government has approved 29 applications under the electronics component manufacturing scheme entailing cumulative investment of Rs 7,104 crore, a senior IT ministry official said on Monday. The Ministry of Electronics and IT (Meity) Secretary, S Krishnan, said the fresh investment proposal will create as many as 14,246 new jobs in the segment. The new applications will lead to the production of electronics components worth Rs 84,515 crore, he said. With this new set of approvals, Meity has approved a total of 75 applications.
Digital infrastructure solutions provider Black Box, an Essar Group firm, on Monday said it has raised Rs 386.36 crore through the conversion of warrants into equity shares, with promoters contributing Rs 200 crore to the total infusion. The company converted over 92.65 lakh warrants at an issue price of Rs 417 per share, according to a regulatory filing. "Black Box Limited today announced the successful receipt of Rs 386.36 crore pursuant to the conversion of warrants issued on September 27, 2024All warrant holders have exercised their rights in full, with no forfeiture or withdrawal. "Promoters participated meaningfully in the issue, contributing Rs 200 crore, representing 51.76 per cent of the total infusion," the filing said. Following the conversion, the promoter shareholding in the company has increased to 69.99 per cent. Black Box CEO Sanjeev Verma said the capital infusion strengthens the company's balance sheet and provides flexibility to accelerate its growth agenda, sca
The Maharashtra government on Saturday signed 15 Memorandums of Understanding (MoUs) in the healthcare sector at the PULSE 2026 conference here, including three agreements which are expected to fetch investments of Rs 720 crore, officials said. The other 12 MoUs are strategic partnerships that will help strengthen healthcare infrastructure in the state, they added. "Through PULSE 2026, we have some investment and strategic MoUs. I think there is a very good scenario of investment in Maharashtra," Chief Minister Devendra Fadnavis said at the closing ceremony on day 2 of the event. Nipro Pharmapackaging committed expansion of Rs 200 crore as a direct industrial investment. Pharmax committed Rs 470 crore and Savvycare Rs 50 crore, both in the upcoming Bulk Drug Park which will be built by Ramky Infrastructure under a public private partnership (PPP) model with Maharashtra Industrial Development Corporation (MIDC).
Markets regulator Sebi on Tuesday proposed introducing gift cards or gift prepaid payment instruments (PPIs) for investments in mutual funds to improve financial inclusion through onboarding of new investors in the space. Under the proposal, the purchaser of Gift PPI can gift the prepaid payment instrument to a recipient, who can then use the instrument to subscribe to mutual fund units, Sebi said in its consultation paper. These PPIs will be funded only through electronic bank transfer or UPI from an Indian bank account with a validity period of one year from date of issuance. Sebi suggested a cap of Rs 50,000 per investor per financial year for investments made through gift PPIs. "The RTAs, on behalf of AMCs will track how much each investor has invested per AMC per financial year through Gift PPI, e-wallets and cash. If the transaction resulting from a Gift PPI redemption crosses Rs 50,000, the RTA will reject the transaction, and the PPI face value will be refunded to the issue