Page 25 - Investment

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.

High valuations may challenge India's 25-year lead in real returns

China was unable to deliver returns when its economy was on fire, and today it faces geopolitical challenges

Robotics, precision manufacturing hot bets for investors: Accel's Prakash

Accel's Prakash says India will become precision manufacturing powerhouse for aerospace and defence in next few years

Blackstone to buy stakes in natgas producer EQT's pipelines for $3.5 bn

The Pittsburgh-based company had a net debt $13.6 billion as of Sept. 30. EQT said in July it planned to cut its debt load by $5 billion through cash it generated from operations and asset sales

Strategy for FDI by Indian firms: A 2x2 classification for the leadership

Watching global firms utilising services production in India offers insights into the role of FDI

Assam to host business summit in February, PM Modi to inaugurate: CM Sarma

Assam will be hosting a two-day business summit in February next year with a focus on attracting investment and developing the state's infrastructure, Chief Minister Himanta Biswa Sarma said here on Sunday. He said Prime Minister Narendra Modi will be inaugurating the 'Advantage Assam 2.0 - the Global Infrastructure and Investors' Summit' on February 24, with Union Finance Minister Nirmala Sitharaman to be invited for the valedictory session. "We hosted the first 'Advantage Assam' investment summit in 2018, which led to agreements for investments of Rs 1 lakh crore. But due to the COVID pandemic, we could not hold any follow-up meet, even though the state has been attracting investments," Sarma said, addressing a press conference here. He maintained that good governance and peace have contributed to the state emerging as an investment destination. "Taking it forward, we will be hosting the two-day summit in February. The prime minister has already accepted our invitation, and we ar

Investing in ETFs: Ensure low tracking error, alignment with risk appetite

Investors should approach ETFs as long-term investments and avoid frequent trading

Are non-financial firms' financial investments here to stay, or at risk?

There are two ways of looking at this problem - first, has the composition of reported income changed? And second, has the composition of assets changed?

Bihar Business Connect from Dec 19-20, over 80 nations likely to take part

Participants from over 80 countries are expected to attend the upcoming 2nd edition of Bihar Business Connect to be held from December 19-20, 2024 at the state capital Patna. The two-day event will be attended by Union ministers, secretaries of central ministries along with major industry associations, said a state government official. At a review meeting held on Thursday, the state chief secretary laid down the coordinated plan for all the departments of the state in order to make the event a successful one. This was the second review meeting with the chief secretary, said people aware of the development. The state industries secretary initially briefed about the preparations of the Bihar Business Connect (BBC) 2024. A website has already been launched for registrations, which began on November 12. Last year 3,000 people had registered on the BBC website and this year the target has been set at 5,000 and so far invitations to 82 countries' embassies have been sent, an official .

EPFO net member addition rises 9.33% to 1.88 million in September

Retirement fund body EPFO logged 9.33 per cent growth in net member additions in September at 18.81 lakh compared to the year-ago month, showed payroll data released on Wednesday. Employees' Provident Fund Organisation (EPFO) enrolled around 9.47 lakh new members in September 2024, representing an increase of 6.22 per cent over September 2023, the labour ministry said. This surge in new memberships can be attributed to growing employment opportunities, increased awareness of employee benefits and EPFO's outreach programmes, it noted. According to the statement, EPFO has released provisional payroll data for September 2024, revealing a net addition of 18.81 lakh members. This represents a 9.33 per cent year-on-year (YoY) growth compared to September 2023, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives. A noticeable aspect of the data is the dominance of the 18-25 age group, which ...

Karnataka inked MoUs bringing in Rs 46,375 cr investments: Siddaramaiah

Karnataka Chief Minister Siddaramaiah on Wednesday said the state has prioritised economic development by signing 21 MoUs with various organisations, bringing in investments worth Rs 46,375 crore with potential to generate 27,170 new jobs, since his government assumed office last year. Speaking at the inauguration of the 78th Annual Technical Meet of the Indian Institute of Metals (IIM), he said Bengaluru stands as a symbol of technological and industrial progress. "It is only fitting that we host this prestigious event, bringing together over 1,700 experts dedicated to shaping the future of metals and materials," he said. The Chief Minister said the theme, Transformational Technologies in Materials and Manufacturing, of the three-day conclave underscores the critical need to envision and implement pioneering solutions to navigate the complexities of a rapidly evolving world. "The materials and manufacturing sectors are pillars of economic growth and national resilience. Their

Market regulator Sebi notifies pro-rata distribution norms for AIFs

AIFs are niche investment vehicles for affluent investors with high entry barriers. These investments are drawn and deployed in tranches based on the investment opportunity

RMZ, Colt DCS to invest $1.7 billion in Indian data centre market

The data centres will have a combined capacity of approximately 250 MW on completion

hBits announces Rs 54.66 cr Grade A investment in MMR's growing BFSI demand

hBits' latest Grade A commercial asset is located at Ashar IT Park, Wagle Estate, Thane