Page 22 - Investment

Airtel, CtrlS, Holoware to invest in Bihar under new IT policy, says govt

Bharti Airtel, data centre company CtrlS, and personal computer maker Holoware have submitted their proposals for investments in Bihar under the state's new IT Policy, 2024, senior government officials said on Thursday. Speaking at the Bihar Business Connect 2024 here, IT Secretary Abhay Kumar said that the incentives under the state's IT Policy 2024 are the best compared to the policies of any other state. He said the state has received tremendous response from investors. "Airtel and Ctrls are in a very advance stage. They have already taken stage 1 clearance. They are submitting financial proposals and very soon you will see their actual investment happening," Kumar said. He said Chennai-based Holoware is also investing in the state for manufacturing of IT hardwares. "They (Holoware) are putting up their factory for laptop PCs. One of their proposals of Rs 30 crore is already cleared, and in time to come they are supposed to make an investment of Rs 300 crore," Kumar said. He .

Investments, consumption to drive growth in FY26 to 6.6%: India Ratings

The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by the central bank for the current fiscal

New Sebi norms: SIFs to target wealthy investors with high-risk appetite

The regulator has laid down a few investing rules and regulations for this strategy. The new product line may have offers across open-ended, close-ended, and interval investment strategies

AI firm Databricks raising $10 bn Series J Investment at $62 bn valuation

Funding led by new investor Thrive Capital. Company expects to cross $3 bn in revenue run rate and achieve positive free cash flow in fourth quarter

Market regulator Sebi extends MF expense structure to new asset class

Regulator notifies investment rules for 'specialised investment fund'

Rs 1.46 trn investment realised across 14 PLI sectors till Aug: Govt

The government on Tuesday said investment of Rs 1.46 lakh crore have been realised, resulting in incremental production and sales of over Rs 12.50 lakh crore across 14 PLI sectors till August this year. In a written reply to the Lok Sabha, Commerce and Industry Minister Piyush Goyal said that keeping in view India's vision of becoming self-reliant, Production Linked Incentive (PLI) Schemes for 14 key sectors have been announced with an outlay of Rs 1.97 lakh crore to enhance manufacturing capabilities and exports. "As on August 2024, across 14 sectors, investment of Rs 1.46 lakh crore have been realised, which has resulted in incremental production/sales of over Rs 12.50 lakh crore, employment generation of over 9.5 lakhs, and exports surpassing Rs 4 lakh crore," he added. Incentives of Rs 2,968 crore in eight sectors and Rs 6,753 crore in nine sectors during 2022-23 and 2023-24, respectively, have been disbursed. As of date, 764 applications have been approved under PLI schemes

What is MITRA? Platform proposed by Sebi to track inactive mutual funds

The mutual fund investment tracing and retrieval assistant, or MITRA, platform will help trace inactive and unclaimed folios, thereby preventing potential misuse

Tripura CM Saha invites investors to tap into state's growth potential

Addressing Northeast Trade and Investment Roadshow in Mumbai's Colaba on Monday, CM Saha expressed his gratitude to the MDoNER for providing a platform to enhance investment and business opportunities

Bihar govt approves investment proposals worth nearly Rs 30,000 crore

The Bihar government's State Investment Promotion Board has approved investment proposals worth nearly Rs 30,000 crore. This includes in-principal for proposals worth nearly Rs 29,000 crore in-principle approval (Stage 1) for 52 units and final financial approval to 35 proposals totalling around Rs 600 crore. The approvals were given during the 58th meeting of the State Investment Promotion Board, according to an official statement. So far this financial year, the in-principle approvals have been given to 260 proposals, while financial approvals have been granted to 161 proposals. The meeting was attended by Industry Secretary Bandana Preyashi. The Bihar government has created the State Investment Promotion Board to approve investment proposals. Bihar Business Connect - the annual investor meet of the state - drew "tremendous success by signing MoUs of more than Rs 50,000 crore" of investment proposals in its maiden show in 2023, he noted. The second edition is scheduled to be h

Savings-investment conundrum: Domestic savings key to sustainable growth

For growth to be sustainable, it must be financed by higher gross domestic savings because there is not much space to do so through external borrowing

China keen to invest $1 billion in Pakistan to establish medical city

A Chinese business delegation has met with President Asif Ali Zardari here and expressed interest in investing USD 1 billion to establish a medical city in Pakistan, according to a media report. Pakistan has held strong bilateral relations with China which has supported it through many investments and development projects such as the China-Pakistan Economic Corridor project which was termed as a lifeline for the country's economy. The delegation of Chinese investors during a meeting with Zardari on Thursday outlined their plans to invest USD 1 billion into creating the medical city in Karachi's Dhabeji Economic Zone which is outside Pakistan's biggest city and financial hub. The medical city would be Pakistan's first fully integrated pharmaceutical and medical ecosystem. Korangi Association of Trade and Industry (KATI) which is tasked with the running of the Dhabeji Economic Zone said in a statement that the pledge by the Chinese investors is an example of the growing economic ties

Investment commitments in data centres may cross $100 bn by 2027: Report

India's data centre capacity is estimated to reach 2,070 MW by the end of 2025

EVs, ancillary industries may see Rs 3.4 trn investment by 2030: Colliers

Domestic and foreign firms have announced a whopping Rs 3.4 lakh crore investment in India's electrical vehicles (EVs) and ancillary industries over the next six years, Colliers India on Wednesday said while expressing concern over "tardy progress" towards achieving the goal of 30 per cent electric mobility by 2030 Real estate consultant Colliers India on Wednesday released a report 'EVs in India: Renewed Vigour in Electric Mobility', highlighting that an overall EV penetration rate in India stood at 8 per cent. It estimated sales of around 2 million (20 lakh) EVs in 2024. "Although the pace of EV adoption in the country has been commendable, it has not been as brisk as anticipated," the consultant pointed out. The report mentioned that individual companies across the EV landscape have announced plans to invest USD 40 billion (Rs 3,40,000 crore) in a phased manner till 2030. Out of this, USD 27 billion is planned for lithium-ion battery manufacturing and USD 9 billion for OE (Origin

NSO to kickstart next edition of 'Debt and Investment Survey' in 2026

In rural India, 17.8 per cent households were indebted to institutional credit agencies against 14.5 per cent households in urban India

Abu Dhabi's $1 trn sovereign investor seeks innovation in private credit

The new fund launches followed a surprise filing from Apollo Global Management Inc. and State Street Corp. in September for an ETF that will include private credit investments

MapmyIndia parent scraps plan to invest in outgoing CEO's firm, shares rise

MapmyIndia powers Apple Inc's maps in the country and garners 99 per cent of its revenue from providing map-related services to other businesses

K'taka minister Patil discusses investment prospects with German companies

As part of the global roadshow for 'Invest Karnataka 2025' drive, Minister M B Patil-led a high-level delegation has visited Germany to promote the state as a premier investment destination, officials said on Saturday. The visit was aimed at strengthening Karnataka's international economic ties and attracting global investments across key sectors, they said. A statement shared by the Minister's office said that the delegation visited a manufacturing facility of Index-Werke, a global leader in CNC (Computerised Numerical Control) machining. The company provided a detailed overview of its operations and showcased flagship products, including a 64-axis CNC machine. Highlighting Karnataka's strong machine tool ecosystem, which commands a 52 per cent market share in India, Patil has urged Index-Werke to establish a manufacturing facility in the state. The Minister for Large and Medium Industries also emphasised the opportunities offered by Karnataka's Tumakuru Machine Tool Park (TMTP) a

India, Norway to discuss ways to increase trade, investment ties on Monday

India and Norway will on Monday discuss ways to enhance trade and investments ties between the two countries, an official statement said on Saturday. The talks will be held between Commerce and Industry Minister Piyush Goyal and Norwegian industry delegation led by May-Elin Stener, Ambassador of Norway to India. The India-Norway Business Roundtable will be be held in Mumbai. "Minister Goyal is expected to hold discussions on key opportunities and trends for further Norwegian investments in India, and potential areas of collaboration," the commerce and industry ministry said. A significant focus of the discussion will be on the recent Free Trade Agreement (FTA) between India and the EFTA countries, which holds immense potential for both nations, it said. "India is particularly keen on attracting USD 100 billion in investments from the EFTA countries, as outlined in the agreement," it added. It said the two sides will assess the opportunities in investment partnerships in logistics

Union Budget 2025-26: Economists stress need for manufacturing policy

Call for reining in food inflation and raising investment in pre-Budget talks

EPFO's investible corpus more than doubled in 5 years to Rs 24.75 trillion

Number of active contributing subscribers grew by 7.6 per cent to 73.7 million in FY24 from 68.5 million in FY23