Page 25 - Investment

Uttar Pradesh to invest Rs 50,000 crore on seven new expressway projects

Combined length of these seven expressways is 866 km; to connect about 30 districts to the vast expressway network in the state

Bengal receives investment proposals worth Rs 4.4 trn: CM Mamata Banerjee

Banerjee said investment proposals worth Rs 4,40,595 crore had been received. "I am extremely happy," she said

Invest in ELSS if you have risk appetite with investment horizon of 7 years

Consult a tax professional to determine which regime is beneficial for you after this year's changes to tax slabs and rates

Bengal Business Global Summit: Industrialists announce investment plans

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 commits over Rs 15,000 cr in WB over next 5 years

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

Apex Kidney Care secures FDI worth $9 mn from Swiss Blue Earth Capital

As for AKC, this investment was facilitated by Tata Capital Healthcare Fund, the healthcare-focused private equity fund of Tata Capital

Elan Group to invest Rs 3,000 cr for building housing project in Gurugram

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

OYO to invest £50 million in the UK for 3 years to expand premium hotels

The announcement was made on the sidelines of the Nasscom delegation to the UK, organised by the department of business and trade, UK

Casa, term deposits more than double in 10 years, says Pankaj Chaudhary

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

Tax relief move has reduced demand uncertainty: CEA V Anantha Nageswaran

Nageswaran says Budget gave a nudge to pvt sector investments

Swiss firms eye investments in Rajasthan's key sectors after summit boost

The summit, held in December last year, resulted in memoranda of understanding and letters of intent worth around Rs 35 trillion

Maritime fund to spur Rs 1.5 trn investment by 2030: Sarbananda Sonowal

The Rs 25,000 crore MDF will give a strong start to India's shipbuilding journey tells Sonowal

Budget 2025: More push for private funding in power infrastructure

Centre lures states with higher borrowing limit, brings back focus on privatisation of distribution companies

Budget 2025: Breathing life into India's consumption and investment story

The upcoming Income Tax Bill further promises to be clearer, reducing the number of chapters in the current law by half, which could lead to greater certainty and reduced litigation

Andhra Pradesh investment board approves projects worth Rs 44,776 crore

Andhra Pradesh investment board has approved projects worth Rs 44,776 crore this month, largely in the clean energy space, which will generate 19,580 jobs, the state government said. Of the projects approved, Rs 42,932 crore worth of projects are in the energy sector, mostly solar energy. The energy projects cleared include Rs 14,328 crore investment by Navayuga Engineering Company Ltd and Rs 10,300 crore investment by Megha Engineering and Infrastructure Ltd. Other companies whose projects were cleared include Tata Power Renewable Energy Ltd (RS 2,000 crore), Ayana Renewable Power Pvt Ltd (Rs 4,435 crore), Ampin Energy Transition Pvt Ltd (Rs 3,142 crore), SAEL Solar MHP1 Pvt Ltd (Rs 1,728 crore), SAEL Solar MHP2 Pvt Ltd (Rs 1,728 crore), Cuddapah Renewables Pvt Ltd (Rs 1,163 crore) and Ecoren Energy India Pvt Ltd (Rs 1,651 crore). According to the state government, Rs 1,844 crore worth of projects in other sectors were also approved. Since July 2024, the State Investment Promotio

UP receives Rs 1 trn investment proposals in hospitality sector in 2 years

Most of the investment is proposed in religious and spiritual centres such as Varanasi, Ayodhya and Prayagraj apart from traditional tourism hotspots like Lucknow, Agra, Kanpur, and Noida

India's AI infrastructure falls short, needs more investments: VCs

Concerns over India's AI readiness come amid global developments, such as China's DeepSeek open-sourcing large language models (LLMs)

MP CM Yadav invites Japanese investments; state exported $92.8 mn goods

Madhya Pradesh Chief Minister Mohan Yadav said that the state has exported goods spanning multiple industries worth USD 92.8 million to Japan in 2023-24 on Tuesday, while inviting business leaders to explore investment opportunities in the state. Yadav was speaking during an interactive session on investment opportunities in Madhya Pradesh being held in the Indian Embassy here. He is on a four-day visit to Japan and will be visiting Tokyo, Osaka, and Kobe between January 28 and 31, 2025, as he aims to highlight Madhya Pradesh's potential to investors and extend an invitation for the upcoming Global Investor Summit in the state. He referred to the longstanding relations between Madhya Pradesh and Japan, citing the USD 92.8 million worth of exports from the state, and expressed hope to receive significant investments from the country. Madhya Pradesh is one of the largest states in the country, with a population of 8.5 crore, and the state's economy has grown 3-fold in the past decade

Ares looks to boost private credit presence in record Indian market

The alternative asset manager has deployed $4.5 billion to Indian companies as of the end of September, roughly half the firm's investment in Asia over the past five years

Global mining sector needs $1.7 trn funding to transition energy: HZL cheif

The global mining sector requires an estimated investment of USD 1.7 trillion to facilitate energy transition, Hindustan Zinc's (HZL)Chairperson Priya Agarwal Hebbar has said. "For the energy transition to happen successfully...we need $1.7 trillion in mining investment. We see an opportunity in India. India is in a sweet spot where it can thrive in this sector," she said. At the recently held World Economic Forum in Davos, Hebbar addressed the critical topics surrounding the global energy transition on multiple occasions. She spoke about the importance of critical minerals, the future of climate action strategies, embedding sustainability across the value chain, prioritising women's health and driving India's workforce revolution. She was amongst the few Indian women entrepreneurs representing Vedanta and Hindustan Zinc at the esteemed forum, where industry stalwarts, political leaders, academicians and scholars create dialogues with the mission to improve the state of the world.