The mutual fund investment tracing and retrieval assistant, or MITRA, platform will help trace inactive and unclaimed folios, thereby preventing potential misuse
Addressing Northeast Trade and Investment Roadshow in Mumbai's Colaba on Monday, CM Saha expressed his gratitude to the MDoNER for providing a platform to enhance investment and business opportunities
The Bihar government's State Investment Promotion Board has approved investment proposals worth nearly Rs 30,000 crore. This includes in-principal for proposals worth nearly Rs 29,000 crore in-principle approval (Stage 1) for 52 units and final financial approval to 35 proposals totalling around Rs 600 crore. The approvals were given during the 58th meeting of the State Investment Promotion Board, according to an official statement. So far this financial year, the in-principle approvals have been given to 260 proposals, while financial approvals have been granted to 161 proposals. The meeting was attended by Industry Secretary Bandana Preyashi. The Bihar government has created the State Investment Promotion Board to approve investment proposals. Bihar Business Connect - the annual investor meet of the state - drew "tremendous success by signing MoUs of more than Rs 50,000 crore" of investment proposals in its maiden show in 2023, he noted. The second edition is scheduled to be h
For growth to be sustainable, it must be financed by higher gross domestic savings because there is not much space to do so through external borrowing
A Chinese business delegation has met with President Asif Ali Zardari here and expressed interest in investing USD 1 billion to establish a medical city in Pakistan, according to a media report. Pakistan has held strong bilateral relations with China which has supported it through many investments and development projects such as the China-Pakistan Economic Corridor project which was termed as a lifeline for the country's economy. The delegation of Chinese investors during a meeting with Zardari on Thursday outlined their plans to invest USD 1 billion into creating the medical city in Karachi's Dhabeji Economic Zone which is outside Pakistan's biggest city and financial hub. The medical city would be Pakistan's first fully integrated pharmaceutical and medical ecosystem. Korangi Association of Trade and Industry (KATI) which is tasked with the running of the Dhabeji Economic Zone said in a statement that the pledge by the Chinese investors is an example of the growing economic ties
India's data centre capacity is estimated to reach 2,070 MW by the end of 2025
Domestic and foreign firms have announced a whopping Rs 3.4 lakh crore investment in India's electrical vehicles (EVs) and ancillary industries over the next six years, Colliers India on Wednesday said while expressing concern over "tardy progress" towards achieving the goal of 30 per cent electric mobility by 2030 Real estate consultant Colliers India on Wednesday released a report 'EVs in India: Renewed Vigour in Electric Mobility', highlighting that an overall EV penetration rate in India stood at 8 per cent. It estimated sales of around 2 million (20 lakh) EVs in 2024. "Although the pace of EV adoption in the country has been commendable, it has not been as brisk as anticipated," the consultant pointed out. The report mentioned that individual companies across the EV landscape have announced plans to invest USD 40 billion (Rs 3,40,000 crore) in a phased manner till 2030. Out of this, USD 27 billion is planned for lithium-ion battery manufacturing and USD 9 billion for OE (Origin
In rural India, 17.8 per cent households were indebted to institutional credit agencies against 14.5 per cent households in urban India
The new fund launches followed a surprise filing from Apollo Global Management Inc. and State Street Corp. in September for an ETF that will include private credit investments
MapmyIndia powers Apple Inc's maps in the country and garners 99 per cent of its revenue from providing map-related services to other businesses
As part of the global roadshow for 'Invest Karnataka 2025' drive, Minister M B Patil-led a high-level delegation has visited Germany to promote the state as a premier investment destination, officials said on Saturday. The visit was aimed at strengthening Karnataka's international economic ties and attracting global investments across key sectors, they said. A statement shared by the Minister's office said that the delegation visited a manufacturing facility of Index-Werke, a global leader in CNC (Computerised Numerical Control) machining. The company provided a detailed overview of its operations and showcased flagship products, including a 64-axis CNC machine. Highlighting Karnataka's strong machine tool ecosystem, which commands a 52 per cent market share in India, Patil has urged Index-Werke to establish a manufacturing facility in the state. The Minister for Large and Medium Industries also emphasised the opportunities offered by Karnataka's Tumakuru Machine Tool Park (TMTP) a
India and Norway will on Monday discuss ways to enhance trade and investments ties between the two countries, an official statement said on Saturday. The talks will be held between Commerce and Industry Minister Piyush Goyal and Norwegian industry delegation led by May-Elin Stener, Ambassador of Norway to India. The India-Norway Business Roundtable will be be held in Mumbai. "Minister Goyal is expected to hold discussions on key opportunities and trends for further Norwegian investments in India, and potential areas of collaboration," the commerce and industry ministry said. A significant focus of the discussion will be on the recent Free Trade Agreement (FTA) between India and the EFTA countries, which holds immense potential for both nations, it said. "India is particularly keen on attracting USD 100 billion in investments from the EFTA countries, as outlined in the agreement," it added. It said the two sides will assess the opportunities in investment partnerships in logistics
Call for reining in food inflation and raising investment in pre-Budget talks
Number of active contributing subscribers grew by 7.6 per cent to 73.7 million in FY24 from 68.5 million in FY23
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
Private credit has grown rapidly in recent years as stricter regulations made it more expensive for traditional lenders to finance riskier loans
He highlighted that private wealth investors are diversifying portfolios and prioritising stable, income-generating assets
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
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,
The question isn't just where we should invest - it's who we want to be.