Page 23 - Investment

Rajya Sabha passes bill to boost investment in oil and gas exploration

The Rajya Sabha on Tuesday passed a bill that seeks to amend existing law governing exploration and production of oil and gas, and delink petroleum operations from mining operations to boost investment in the sector. The Oilfields (Regulation and Development) Amendment Bill, 2024, introduced in the Rajya Sabha in August this year, was passed by a voice vote. Replying to the debate on the bill, Oil Minister Hardeep Singh Puri said that the oil and gas sector involves high investment and long gestation period. "We need oil and gas sector 20 more years. We need to bring this legislation here to provide a win-win confidence not only to our own operators but also to foreign investors so that they can come and do business here with view to benefit everyone," Puri said. He said policy stability, dispute resolution and sharing of infrastructure , especially for small players are new provisions in the bill. He also explained the point of helium raised by members, saying that mineral oils

BlackRock to buy HPS Investment for $12 bn in major private credit push

Private credit has grown rapidly in recent years as stricter regulations made it more expensive for traditional lenders to finance riskier loans

Tech investments are the future of hybrid work: Knight Frank's Lee Elliott

He highlighted that private wealth investors are diversifying portfolios and prioritising stable, income-generating assets

FDI inflows increase 45% to $29.79 billion during Apr-Sep quarter

Foreign direct investment in India rose by 45 per cent year-on-year to USD 29.79 billion in April-September this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 20.5 billion in April-September 2023-24. In the July-September quarter, the inflows grew by about 43 per cent year-on-year to USD 13.6 billion against USD 9.52 billion in the same quarter last fiscal. The foreign direct investment in India was up 47.8 per cent to USD 16.17 billion in the April-June quarter. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 28 per cent to USD 42.1 billion during the first half of this fiscal from USD 33.12 billion in April-September 2023-24, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed. During the April-September period this financial year, FDI equity inflows rose from major countries, including Mauritius (USD 5.34 billion against USD 2

K'taka minister MB Patil discusses investment prospects with UK companies

Karnataka Minister for Large and Medium Industries M B Patil on Saturday engaged with top global companies in the United Kingdom during a roadshow held to highlight Karnataka's investment potential across the aerospace and defense, automotive, and education sectors, officials said. As part of the 'Invest Karnataka 2025' roadshow, Patil, who is currently in London, invited leading organisations, emphasising Karnataka's robust infrastructure, business-friendly environment, and forward-thinking initiatives such as the Knowledge, Wellbeing, and Innovation (KWIN) City project. During a meeting with the Rolls Royce Group, the Minister showcased Karnataka's thriving aerospace and defence ecosystem, focusing on composite manufacturing. A detailed presentation highlighted the state's ease of doing business and attractive incentives, which received positive feedback from Rolls Royce's leadership. Discussions focused on Karnataka's strategic role in the company's future India investment plans,

Earth or Mars? The future lies in choosing where, and who, we want to be

The question isn't just where we should invest - it's who we want to be.

Lock-up on nearly Rs 1.2 trillion pre-IPO shares to lift in two months

The expiry of the lock-in period could have implications for these companies, as some investors might look to sell their holdings

Italian companies invested $6.5 bn in India: European House Ambrosetti

The European House Ambrosetti group's senior partner Lorenzo Tavazzi on Friday said Italian companies have invested USD 6.5 billion in India, which speaks of the importance accorded to the world's fastest growing major economy, and stressed that there are a lot of opportunities for growth. Tavazzi, who heads TEHA's Scenarios and Intelligence Areas, was speaking in Mumbai after the inauguration of the Villaggio Italia exposition, being held to coincide with the port of call of Amerigo Vespucci, an Italian Navy ship used for training and supporting national diplomacy. Speaking at a panel discussion curated by top Italian news agency ANSA in connection with the ship's arrival in Mumbai, Tavazzi said Italy can help India's aspirations on the energy transition and transport fronts with its expertise in sustainable technologies and also high-speed rail. Alessandro Giuliani of SDA Bocconi Asia Center, a Mumbai-based management education institute, said that given the commonality on the ...

BS Samriddhi 2024: Uttar Pradesh gets working to be India's 'growth engine'

A transformation is underway in the state, where investments, infrastructure, and innovation converge to redefine its economic future

UP has extensive land bank for industries: UPSIDA CEO Mayur Maheshwari

UPSIDA CEO Mayur Maheshwari spoke about plans to help industries

Investments in UP spread across regions: Minister Nand Gopal Gupta 'Nandi'

The minister shared details of the steps taken to boost the economy, exports, and industries in UP

No discussion yet on investments by Tesla, Starlink in India, says Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said that no discussion has taken place with regard to investments by American tech billionaire Elon Musk-owned Tesla and Starlink. Goyal, who was addressing a press conference here in the Capital, stated that as both issues were handled by different ministries, he had no personal knowledge of what was happening. "We haven't had any discussions to the best of my knowledge...," the minister said while responding to a query regarding any update on possible investment by Tesla and Starlink. Goyal further said, "...but both these subjects are handled in different ministries. The Heavy Industries Ministry looks after automobiles and Starlink will be handled by the Space Department. So, I don't have personal knowledge of what is happening ..." Earlier in April, Musk had pulled out from a much-hyped planned visit to India, including a meeting with Prime Minister Narendra Modi, at the last moment citing "very heavy Tesla obligations".

PM Modi to inaugurate Rising Rajasthan Global Summit in Jaipur on Dec 9

Prime Minister Narendra Modi will inaugurate the Rising Rajasthan Global summit in Jaipur on December 9. Chief Minister Bhajanlal Sharma said that the three-day event will be inaugurated by PM Modi at the Jaipur Exhibition and Convention Center (JECC) in Sitapura. He said that the state government is engaged in mission mode to complete the preparations and arrangements. Sharma took stock of the preparations for this event here. He reviewed various arrangements travelling from Jaipur Airport to the venue in a bus and gave instructions to the officials. Sharma was accompanied by industry minister Rajyavardhan Singh Rathore and a team of officials. Talking to the media, Sharma said that Prime Minister Modi will come in the inaugural session of the conference. He said that under the leadership of Modi, the state government is organizing 'Rising Rajasthan Global Investment Summit' in its first year itself. "There are immense possibilities of investment in Rajasthan and this event will

Madhya Pradesh receives investment proposals worth Rs 60,000 crore in UK

During his visit to Warwick Manufacturing Group (WMG), the Chief Minister emphasised that research and academic studies are truly meaningful when they benefit society

Welspun One launches Rs 2,700 cr warehousing & industrial park at JNPA SEZ

Integrated fund and development management platform Welspun One on Wednesday announced the launch of the country's largest single-location Grade A warehousing and industrial park at JNPA Special Economic Zone in Navi Mumbai at an investment of Rs 2,700 crore. With an annual throughput capacity of 36,000 TEUs, the facility which is a part of the strategic collaboration between Welspun One and Jawaharlal Nehru Port Authority (JNPA) can accommodate over 400,000 pallet positions along with parking provision for over 600 trucks, Welspun One said in a statement. The 55-acre integrated logistics ecosystem project is not just a logistics hub but a strategic business enabler as it is expected to generate direct and indirect employment for over 5,000 people, strengthening the local economy, it said. JNPA handling around 35 of India's maritime traffic is the largest container port by throughput. Originally envisaged as a 1.2 million sq ft park which entailed an investment of Rs 700 crore, the

Buy more, hold, or sell? Let fundamentals, valuations guide decisions

High valuations are the primary reason behind the correction in mid- and small-cap stocks

ShopDeck raises $8 mn to support sellers across Tier-II, -III cities

This capital will drive ShopDeck's mission to empower small and mid-sized businesses, many of which are emerging brands exploring D2C for first time, to achieve profitability and scale

SBI MF appoints Nand Kishore as MD and CEO; replaces Shamsher Singh

He began his career at SBI as a probationary officer in 1990 and moved up the ranks to become the deputy managing director

Emami Realty to develop Rs 15,000 cr worth realty projects in 7 years

Kolkata-based Emami Realty will develop 22 million square feet of residential and commercial spaces over the next seven years with an estimated revenue potential of Rs 15,000 crore. In a statement on Wednesday, Emami Realty said it will "develop 22 million square feet of residential and commercial spaces over the next 7 years across major cities in India." "This ambitious expansion underscores Emami Realty's commitment to enhance urban living and drive the growth of India's real estate sector, with a projected revenue potential of Rs 15,000 crore," it added. Nitesh Kumar, MD & CEO of Emami Realty, said, "Our commitment to developing 22 million square feet of residential and commercial spaces over the next seven years reflects our unwavering dedication to enhancing urban living and driving the growth of India's real estate sector." Emami Realty's extensive development plan includes a diverse portfolio of projects across key locations in India, including Kolkata, Chennai, Mumbai, ...

Saudi Arabia signs $9 bn metals deals with firms including Vedanta, Zijin

The kingdom's growing mining industry is part of the Vision 2030 plan to diversify the economy and cut reliance on fossil fuels.