Page 26 - Investment

Hindustan Zinc to invest up to $2 bn to double production capacity: CEO

Vedanta Group firm Hindustan Zinc plans to pump in up to USD 2 billion (around Rs 17,000 crore) to double its production capacity to 2 million tonnes in the next few years, its CEO Arun Misra said. The company which had already engaged consultants to ramp up its capacity is looking for mining partners for the same, Misra told PTI. "We have a plan of doubling the production to 2 million tonnes So, I am sure by the end of this quarter, we should be able to make project announcements, which projects, how much and where it is happening." he explained. The company is targetting a production capacity of 1.2 million tonnes (MT) in 2025, followed by 1.35 MT in 2026 and 1.8 MT in 2027, Misra said. "And then finally, sometime, we should be able to get 2 million tonnes," he explained. When asked about the investment the company plans to make to increase production capacity, he said, "Because most of the mining infrastructure is in place, so, it is anywhere between 2 billion dollars or 1.95

Moderate rally in Samvat 2081; DIIs key drivers, says Jignesh Desai

Jignesh shares his outlook on the midcap and smallcap rally, which he expects to persist over the next two to three years, albeit with intermittent corrections that could present buying opportunities

Global funds look towards India as financial market jitters pick up

A steady influx of foreign capital has positioned the nation's bonds among top performers in developing markets this year, while the country's stock market hit a record high last month

To insure or not? Cyber insurance helps recover losses from cyberattacks

Cyber-risk insurance helps to provide a supplementary financial tool after the initial investment in IT security tools

GMR Group secures Rs 6.3k cr investment from Abu Dhabi Investment Authority

Hopes for significant reduction in its pledged shares upon completion of debt deal

MoUs worth Rs 15 trn signed ahead of Rising Rajasthan Summit: CM Bhajanlal

Chief Minister Bhajanlal Sharma on Monday slammed the Congress and said that MoUs worth Rs 15 lakh crore have already been signed for investment, two months before the Rising Rajasthan Summit. Addressing the welcome ceremony organised by the Joint Valmini Workers Union, he said, "Today I was listening to the Congress press conference, they were saying that the chief minister is going abroad and he has not brought a single penny. Will anyone bring the money in a sack or a bag?" Sharma said, "MoUs worth Rs 15 lakh crore have been signed, can't you (Congress) see them? What a huge amount of work has been done and there are still two months left for the Rising Rajasthan Summit." He said that the sanitation workers have an important role in building the nation. They make an important contribution to creating a clean and healthy environment by protecting people from diseases and dirt. He said that the safety, respect and welfare of sanitation workers is the priority and responsibility of

Emaar India to invest Rs 2,000 crore in Mumbai Metropolitan Region market

The company's first project in the state will soon be launched in Alibag, with an estimated revenue potential of about Rs 700 crore

Institutional investment in real estate up 31% to $4.61 bn in Jan-Sep: Rpt

Institutional investments in the Indian real estate sector increased 31 per cent year-on-year to USD 4.61 billion in January-September 2024 amid strong consumer demand, according to Vestian. Real estate consultant Vestian on Monday released its report on 'Investment in Indian Real Estate', observing that funds' inflow from institutional investors in the first nine months of 2024 has already surpassed the total for 2023. "Investors have shown confidence in India's growth story on the back of robust GDP growth. As a result, the real estate sector witnessed increased participation from foreign investors which led to institutional investments touching a billion mark in Q3 2024," Shrinivas Rao, CEO of Vestian said. He noted that domestic investors are also actively participating, supported by the rapid infrastructure development across the country. During the latest July-September quarter, institutional investments in real estate rose 41 per cent to USD 960.8 million from USD 679.9 ...

Vedanta announces investments of Rs 1 trn in Rajasthan across verticals

Vedanta on Saturday said it will pump in over Rs 1 lakh crore in Rajasthan across different business verticals, including, zinc and oil and gas. While Hindustan Zinc, a Vedanta group firm, will invest Rs 30,000 crore to double zinc capacity from 1.2 million tonnes per annum (MTPA) to 2 MTPA, silver from 800 tonne to 2,000 tonne, and set up a one MTPA fertiliser plant, Cairn Oil & Gas, a subsidiary of Vedanta Ltd, will invest Rs 35,000 crore to augment capacity to 3 lakh barrels per day, the company said. Vedanta Group entity Serentica Renewables will invest Rs 50,000 crore to develop 10,000 MW renewable power capacity to support the investments, help energy transition and ensure highest environmental standards and green manufacturing, the company said in a statement. Vedanta also announced setting up of an industrial park around the Udaipur area on a non-profit basis, for small and medium scale industries from Rs 5 crore onwards. Vedanta participated in the Rising Rajasthan ...

There is real rise of India's ability to serve the world in goods: BCG

BCG discusses decarbonisation, impact from West Asia tensions and the geo-political concerns and preparedness of Indian and global corporates

Private equity, venture capital bets fall 40% to $8.8 bn in Q2: Report

Private equity and venture capital funds' investments declined by 40 per cent to USD 8.8 billion in the September quarter, a report said on Friday. The decline in overall investments happened despite the number of deals being 26 per cent higher during the same period at 283 transactions, the report by industry lobby grouping IVCA and consultancy firm EY said. "Geopolitical tensions have created uncertainty, dampening investment sentiment as investors become more cautious, leading to slowing deal-making. This sluggishness may persist if global uncertainties continue," the consultancy firm's partner Vivek Soni said. However, the firm's outlook remains "cautiously optimistic" as India's fiscal health remains strong, he added. Large deals of over USD 100 million more than halved to 21 with a cumulative value of USD 5.5 billion, the report said, adding pure-play PE/VC deals, excluding real estate and infrastructure, were 30 per cent lower at USD 6.5 billion. The largest deal during the

Mitigate accounting, disclosure and governance risks with ESG funds

Globally, regulators, rating agencies, and institutional investors have led the charge in promoting ESG investing

Sebi introduces liquidity window facility for investors in debt securities

Sebi on Wednesday introduced a liquidity window facility for investors in the debt securities through a stock exchange mechanism. The liquidity window facility allows investors holding listed debt securities to sell them back to the issuer using a put option on specific dates, ensuring liquidity. This facility, available from November 1, will be of immense utility to investors, especially retail investors, and can serve to enhance their investment in such debt securities, Sebi said in a circular. The regulator observed that corporate bonds are seen as illiquid because many institutional investors hold them until maturity, leading to low trading activity. To improve liquidity, especially for retail investors, Sebi introduced a framework where issuers can offer liquidity window facility. Under this, issuers can choose whether to offer this facility for debt securities at the time of issuance. It applies to new issuances of debt securities, either through public offers or private ...

UN urges Asia-Pacific nations to boost investments in disaster prevention

Disasters, including those wrought by fiercer storms, are threatening more people and could derail economic progress in the Asia Pacific region if governments don't invest more in disaster mitigation and prevention, a U.N. official said Tuesday. U.N. Assistant Secretary-General Kamal Kishore, who heads the U.N. Office for Disaster Risk Reduction, issued the warning in a speech at the start of a regional conference on disaster mitigation hosted by the Philippines, one of the world's most disaster-prone countries. "Disasters are now affecting record numbers of people and threatening their lives and livelihoods, Kishore told hundreds of delegates to the three-day conference in Manila led by ministers in charge of disaster mitigation and response across the Asia Pacific. "Left unchecked, these disaster risks threaten to derail the development aspirations of the Asia Pacific region and push back progress that has taken decades to achieve, he said. Kishore said Asia Pacific countries sho

Changing scenario: Debt-free Tata Sons has firepower for newer biz

A low leverage ratio, such as in 2005-06 and 2014-15, has been followed by a spurt in Tata Sons' equity investment in various listed and unlisted ventures

India-Canada faceoff intensifies: Impact on trade, investment not likely

Experts say that the possibility of a trade deal between India and Canada will remain on the back burner at least while the Justin Trudeau government is in power

CCI clears Central Bank of India's stake acquisition in Future Generali

FEL holds direct and indirect investments in the general insurer, Future Generali India Insurance Company Limited, which is a joint venture between the company and Genera Group

Uttar Pradesh Textile park nets investment proposals worth Rs 10,000 cr

Companies looking to set up units in the UP Textile Park spanning 1,162 acres include Reliance Industries, Arvind Mills, Vardhman and Ahuja Textile Mills, among others

CM Bhajanlal to visit Germany, UK to promote investment opportunities

During his visit, he aims to engage with various industrialists and invite them to the 'Rising Rajasthan' Global Investment Summit, scheduled to take place from December 9-11 in Jaipur

Indians eyeing offshore firms to gain access: JM Financial MD & CEO

Healthcare, pharma, tech to drive M&As in coming quarters