Page 26 - Investment

UK plans to create pension megafunds to unlock $100 bn for investment

British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the UK's subpar economic growth. Reeves said in her speech to finance leaders in central London that the creation of so-called megafunds will represent the biggest pension reform in decades. In her first so-called Mansion House speech, an annual ritual for British chancellors of the exchequer, Reeves said the changes could help unlock 80 billion pounds (USD 100 billion) for investment. Pension funds invest in a variety of assets, such as shares, bonds, real estate and infrastructure, in an attempt to increase the retirement benefits for their members. The proposed merger of 86 local authority pension funds in England and Wales has echoes in Australia and Canada, where pension funds are widely seen to have taken advantage of their bigger size to invest in assets and boost growth. By 2030, the new ..

Jabil signs MoU with Gujarat govt, to invest Rs 1,000 cr at Dholera unit

The Gujarat government on Thursday signed an MoU with a leading EMS company Jabil to set up its electronics manufacturing services (EMS) unit with Rs 1,000 crore investment in Dholera Special Investment Region (DSIR). The MoU was signed between Gujarat's Science and Technology Department and Jabil in presence of Chief Minister Bhupendra Patel, an official release said. The MoU, signed between the Gujarat Science and Technology Department and Jabil -- a global leader in engineering, manufacturing, and supply chain solutions -- outlines an investment of Rs 1,000 crore in the DSIR. The new unit of Jabil will focus on sectors, including networking, capital goods, automotive, and other allied industries, the release said. Jabil's new unit is expected to commence its operations in Dholera by 2027, and it is likely to create about 5,000 employment opportunities, it said. Jabil Operations Director B N Shukla, and Mission Director of the Gujarat State Electronics Mission (GSEM) Manish Gurv

Sebi mulls raising investment limit by angel fund in startup to Rs 25 cr

Markets regulator Sebi on Wednesday proposed raising the maximum investment limit by an angel fund in a startup to Rs 25 crore, a move that can provide a boost to the new-age technology companies. It has been proposed that the minimum investment limit should be reduced to Rs 10 lakh from Rs 25 lakh at present and that the maximum investment limit be increased to Rs 25 crore from the current Rs 10 crore, Sebi said in its consultation paper. Additionally, the regulator has proposed allowing only "accredited investors" to invest in angel funds, looking to rationalise their fundraising processes, strengthening disclosure as well as governance requirements and providing operational clarity and investment flexibility. These proposals aim to restrict angel funds to investors with commensurate risk appetite and ability to evaluate investment proposals, while also enhancing the ease of doing business in this space, Angel Funds, a type of Category I AIFs - Venture Capital Funds, provide capit

BlueGreen Ventures launches $75 mn maiden fund, expects final close in 2025

Venture Capital entity BlueGreen Ventures on Wednesday said it has launched a maiden USD 75 million, about Rs 633 crore, fund for investment in early-stage startups. The fund has been launched by operators-turned-investors Rajeev Suri and Anup Jain who were managing partners at Orios Venture Partners. "The USD 75 million fund was approved by SEBI about a month back. We expect to close the fund same time next year," Jain said. The new fund claims to be backed by Global CEOs and CXOs from Fortune 500 companies, along with successful startup founders from India, the firm said in a statement. "We are privileged to have the full support of the ecosystem as we approach our first close, set to be announced shortly. They have placed their trust in us, recognising our commitment, values and passion for partnering with founders to create success stories. "We are also deeply grateful for the extensive backing we have received from angels, government bodies, fellow VCs (venture capital firms)

Volkswagen raises its investment in Rivian by 16% to $5.8 billion

Shares in the US EV maker, valued at over $11 billion, rose nearly 9 per cent in extended trading

Metropolis Healthcare plans to expand reach to 1,000 towns in 18 months

The firm aims to strengthen its presence in tier 2 and tier 3 cities, supported by an investment of approximately Rs 65 crore

Chhattisgarh's ambitious IT project finally takes off after two decades

According to IT experts, the initiative taken by the government would certainly accelerate the project

Physis Capital raises Rs 150 cr for Rs 400 cr fund, to invest in startups

Venture Capital firm Physis Capital has received commitment of Rs 150 crore for its around Rs 400 crore or USD 50 million venture fund, which it plans to invest in 12-15 startups, a senior official of the firm said on Tuesday. Physis Capital, General Partner, Vinay Bansal told PTI that the firm expects the final close of the fund by early 2026. "Our Rs 400 crore fund is split into four buckets comprising Rs 100 crore retail investors, Rs 100 crore family offices, Rs 100 crore from financial institutions and Rs 100 crore from the government. "We have closed Rs 100 crore from retail investors and half of the family offices bucket. We have received a total commitment of Rs 150 crore," Bansal said. Physis Capital was set-up by the founders of Inflection Point Ventures which has invested in companies like Bharat Pe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, and Otipy. "The final close of the fund is expected by early 2026. We will invest the fund in Indian start-ups. Physi

Vedanta Ltd plans to invest around $550 million in AvanStrate Inc

AvanStrate has operations and R&D capabilities across Taiwan, South Korea, and Japan

Investment opportunities in India's booming wedding market

Interestingly, the industry also offers investment opportunities. And like the marriage, experts advice long-term vow

Equity MFs see record Rs 41,887 cr inflow in Oct on robust investment

Equity mutual funds witnessed a record inflow of Rs 41,887 crore in October, marking a surge of over 21 per cent on a month-on-month (MoM) basis, fuelled by robust investments in thematic funds. This also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors, data with the Association of Mutual Funds in India (AMFI) showed on Monday. "October's numbers are indeed phenomenal, especially given the backdrop of a steep market correction. While earlier this year, equity inflows were buoyed by strong market performance, October marked a stark reversal. "The 5-6 per cent drop in both the Sensex and Nifty was one of the sharpest in recent years, similar to what we last saw in March 2020. Despite this, retail investors have shown remarkable resilience, with inflows exceeding Rs 40,000 crore," Santosh Joseph, Co-founder and CEO of Germinate Investor Services, said. Overall, the mutual fund industry

More young adults now prefer investing in stocks over mutual funds

Significant percentage of young adults are increasingly preferring to directly invest in equity markets rather than opting for the mutual fund route, a report has said. According to the report by Fin One, an initiative of fintech brokerage firm Angel One, 93 per cent of young adults are consistent savers, with the majority saving 20-30 per cent of their monthly income. Additionally, stocks have emerged as the preferred investment choice, with 45 per cent of respondents favoring them over more traditional options such as fixed deposits or gold, Fin One, an initiative of Angel One Ltd, said in its report. As much as 58 per cent of young Indian investors currently invest in stocks, while 39 per cent favor mutual funds. Safer options like fixed deposits (22 per cent) and recurring deposits (26 per cent) see relatively lower adoption, the brokerage firm said in its report. This indicates a balanced approach between high returns and stable savings among the youth, it said. The report d

Flender India planning to invest further in Indian market: Official

Flender India, part of the century-old Germany-headquartered Flender Group, plans to continue investing in the domestic market to accelerate growth in the coming years, a company official said. Over the past four years, Flender's investments in India have nearly "quadrupled," underscoring the market's significance, according to a release. The company operates three production sites in Kharagpur (Kolkata), Chennai and Walajabad in Kancheepuram district, Tamil Nadu, to meet both local and global demand for wind turbine drive gearboxes. To commemorate the Flender Group's 125th anniversary, CEO Andreas Evertz and Flender India CEO Vinod Shetty, accompanied by senior company officials, visited the Tamil Nadu facilities and engaged with employees, according to a company statement issued on Sunday. Approximately 10 percent of Flender Group's 9,000 employees are based in India. Founded in 1899 in Bocholt, Germany, with a focus on wooden pulleys, Flender established its first manufacturing

Interarch Building Products plans to double turnover to Rs 2,500 cr by 2028

Interarch Building Products, a leading player in the pre-engineered building industry, is planning to double its turnover to Rs 2,500 crore by 2028, Managing Director Arvind Nanda has said. The company, which got listed recently, clocked a turnover of Rs 1,293 crore in FY24. Interarch Building Products, which raised Rs 600 crore through the initial public offering (IPO), is planning to use the proceeds for capital expenditures, system upgrades, and general corporate purposes. "In our existing three plants, we are also trying to enhance capacity by spending some money there and increasing the capacity utilisation," he said. He further said by building its fourth fully integrated plant in Andhra Pradesh, the company plans to further ramp up its capacity. "We have also bought land in Gujarat, which is going to be a our fifth fully integrated plant, probably starting next year," Nanda said. The company had in September announced the acquisition of 51,926 sq mt land in Gujarat, procur

Odisha govt approves investment of Rs 3,353 crore in various sectors

The Odisha government on Friday gave its nod to 15 new industrial projects with a total investment of Rs 3,353 crore, which is expected to generate 4,637 jobs. The approvals came during a meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja. These projects cover a wide range of sectors, including Chemical/Renewable Energy, Steel, Aluminium, Food Processing, Manufacturing, Textile & Apparel, Tourism, Pharmaceuticals, and Cement. They will be implemented across several districts, such as Koraput, Khurda, Baragarh, Puri, Cuttack, and Jharsuguda. In the chemical/renewable energy sector, Reliance Bio Energy Limited will set up a compressed bio-gas and organic manure plant in Puri with an investment of Rs 121.21 crore. The project is expected to create 69 jobs, officials said. In the steel sector, Beekay Steel Industries Ltd. plans to invest Rs 750 crore in Cuttack, expanding its operations with sponge iron, billets, ferro alloys,

Bridgestone to invest $85 mn in Indian units to enhance production capacity

Japanese tyre major Bridgestone Corporation on Friday announced a USD 85 million (nearly Rs 720 crore) investment to enhance production capacity and capabilities at its two plants in India. Bridgestone India Private Ltd (BSID), a subsidiary of Bridgestone Corporation (Bridgestone), will invest approximately USD 85 million to expand capacity and capability at Bridgestone Pune plant and Indore plant to reinforce premium-mass strategy, the company said in a statement. The expansion is scheduled to start from the beginning of 2025, it added. "These efforts are expected to increase total production capacity at the Pune plant by approximately 1.1 million tyres annually by 2029. They will also improve capability to ensure premium tire production at the Indore plant," the company said. Additionally, BSID will establish a satellite technology center at its Pune plant in 2025 to produce 'Dan-Totsu' (Bridgestone's direction to be the clear and absolute leader) products. "This new satellite .

NRIs and Indian markets: Their Tax implications and investment options

They are subject to Indian tax rules for such investments and may get benefits under bilateral treaties

NTPC approves Rs 80k cr investment proposals for 6,400 MW thermal capacity

Power giant NTPC on Tuesday said its board has approved investment proposals worth about Rs 80,000 crore for thermal projects totalling 6,400 MW. The board of directors has accorded investment approval for Telangana Super Thermal Power Project, Phase-II (3x800 MW) at an appraised current estimated cost of Rs 29,344.85 crore, the company said in an exchange filing. The board also approved the proposal for Gadarwara Super Thermal Power Project, Stage-II (2x800 MW), at an estimated cost of Rs 20,445.69 crore, it said. The board also accorded investment approval for Nabinagar Super Thermal Power Project, Stage II (3x800 MW) at an appraised current estimated cost of Rs 29,947.91 crore. NTPC, under the Ministry of Power, is the country's largest power generation company. The NTPC Group's installed power generation capacity was 76,443 MW as of September 30, up from 73,824 MW a year earlier. The company's installed capacity also increased on a standalone basis to 59,168 MW from 57,838 MW

What is the right time to exit an investment?

If you discover a stock with stronger fundamentals than the one you currently own, it may be a good moment to sell your current stock

India Inc sends mixed signals on H2 FY25 capital expenditure path

Minutes from the October MPC show the RBI's optimism about private investments picking up