Geopolitical tensions and fears of trade wars due to anticipated US tariff announcements are the key drivers of gold prices
As digital solutions and automation continue to evolve, traditional businesses facing both opportunities and challenges, said top young industry leaders and entrepreneurs at Invest Karnataka summit
He said that this investment will be made in the fields of solar energy, wind energy, pumped storage, and battery storage
Housing accounts for the largest share of the overall real estate
Global packaging solutions provider SIG will invest 40 million euros (around Rs 360 crore) in the second phase to increase capacity of its plant in India, a "key growth market" for the Swiss multinational, a top company official said. With the new tranche of fund infusion, the total investment of SIG at the Ahmedabad-based plant will increase to 130 million euros (around Rs 1,168 crore), including the 90 million euros of investments during the first phase. "Phase II has been activated now, the board has already approved 40 million euros. This confirms that we are in line with our mid-long term plan," SIG President & General Manager, India, Middle East and Africa, Abdelghany Eladib told PTI. Work on the second phase would be completed in the next three years by 2027, he added. Phase I of SIG, a global player in aseptic packaging and filling solutions, has been completed in just 20 months. Its current production capacity at Ahmedabad is 4 billion packs per annum, and with subsequent
The three-day Invest Karnataka summit aims to secure investments worth Rs 10 lakh crore
Mahindra Holidays already operates several resorts in Karnataka and is evaluating further expansion into areas like Gokarna and Hampi
A review of the nearly five-year old restrictions on Chinese investments into India is unlikely in the near future, a senior official said on Tuesday. Chief Economic Advisor V Anantha Nageswaran said both countries have to understand the importance of mutual dependence and mutual benefits. "I don't think it is something you would expect to see immediate results because both sides are crossing the river by feeling the stones, so to speak," Nageswaran said, replying to a specific question on whether any changes are afoot. It can be noted that following violent clashes between Indian and Chinese soldiers in Galwan valley in 2020, the Indian government introduced measures restricting investments from countries sharing a land border with India that was taken to be an attempt to restrict Chinese play. Speaking at the IVCA event here, Nageswaran did acknowledge that both countries have been engaged in a conversation on the trade imbalances, probably drawing from the parleys on various iss
Travel tech unicorn OYO on Tuesday announced its plans to invest USD 10 million to grow the digital assets of US-based G6 Hospitality, including its website and app. OYO recently acquired iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for USD 525 million in an all-cash transaction, as it eyes expansion in the US. The company plans to accelerate G6 Hospitality's growth, targeting the addition of over 150 hotels in 2025 under the Motel 6 and Studio 6 brands. This expansion is expected to strengthen the brands' presence in key markets such as Texas, California, Georgia and Arizona. "The company plans to focus on growing the Motel 6 website and the My6 app. It aims to increase app installs by 4X before the summer season kicks in and will also use advanced digital targeting strategies, focusing on high-intent customers through direct partnerships with leading digital platforms like Google and Microsoft," OYO said in a statement. The investme
Top business leaders, policymakers, and industry stakeholders from India and Israel will meet here on Tuesday to discuss ways to further promote trade and investments between the two countries, an official statement said on Monday. They will explore new avenues of economic cooperation, technological collaboration, and investment opportunities, the commerce and industry ministry said. It said that the India-Israel Business Forum meeting will focus on expanding trade relationships, fostering cross-sector collaborations, and identifying investment opportunities. A high-level Israeli business delegation, led by Israeli Minister of Economy and Industry Nir M Barkat will participate in the forum. The delegation includes Israeli enterprises and representatives from sectors such as technology, manufacturing, healthcare, agri-tech, food processing, defense, homeland security, water management, logistics, and retail. There is also a meeting of the India-Israel CEO Forum. "These forums will
The distributions rose by nearly 17 per cent from Rs 1,289 crore distributed in Q3 FY24
Combined length of these seven expressways is 866 km; to connect about 30 districts to the vast expressway network in the state
Banerjee said investment proposals worth Rs 4,40,595 crore had been received. "I am extremely happy," she said
Consult a tax professional to determine which regime is beneficial for you after this year's changes to tax slabs and rates
West Bengal Chief Minister Mamata Banerjee wooed investors to the "smartest" and "safest" state with promises galore. The investors, too, did not disappoint
Ambuja Neotia Group, a leading business conglomerate in East India, announced an investment of over Rs 15,000 crore in West Bengal over the next five years. The investments will span healthcare, hospitality, tourism, residential and commercial real estate, and a golf-themed township, group chairman Harshavardhan Neotia said while speaking at the 8th Bengal Global Business Summit inauguration here on Wednesday. Neotia expressed gratitude to the state government for fostering a "business-friendly environment." He highlighted West Bengal's strategic advantages, including its "skilled workforce, growing infrastructure, and proximity to Asian markets." He also acknowledged the "proactive governance and support from Chief Minister Mamata Banerjee." Neotia said, "The group will invest Rs 1,500 crore in healthcare, setting up five new hospitals across the state, adding 1,300 beds." In hospitality and tourism, "Rs 2,700 crore will be invested to develop a luxury hospitality circuit with Ta
As for AKC, this investment was facilitated by Tata Capital Healthcare Fund, the healthcare-focused private equity fund of Tata Capital
Real estate company Elan Group on Tuesday said it will invest around Rs 3,000 crore to develop a new ultra-luxury housing project on Dwarka Expressway, Gurugram. The project 'Elan The Emperor', located in Sector 106, Gurugram, is a part of 50-plus acres township comprising residential apartments, branded residences, a high-end mall, a luxury 5-star hotel, and premium office spaces. In a statement, the company said the total investment to develop this project is Rs 3,000 crore. The new project will have nearly 600 units with a saleable area of around 29 lakh square feet. This will be the second project in this township. "Sector 106 along the Dwarka Expressway is rapidly becoming the newest focal point of Gurugram's urban transformation," Vineet Dawar, President - Sales & Strategy at Elan Group, said. Elan Group has on-boarded internationally acclaimed consultants to develop this project. SWA, a landscaping architect from the US, will create outdoor spaces while UHA London serves as
The announcement was made on the sidelines of the Nasscom delegation to the UK, organised by the department of business and trade, UK
The amount raised by equity issuances registered a compound annual growth rate (CAGR) of 9.2 per cent, reaching Rs 1.97 trillion at the end of FY24