Page 28 - Investment

Post-Covid shift:Investors favour stability & tax perks in financial option

Investors consider 6 financial instruments in making their decisions, it says

India known as best place to invest and manufacture in: Piyush Goyal

''PLI has been a big boost to manufacturing in India, and we can hope to see a lot of activity and creation of jobs in the days to come"

Pepsales raises $1.1 million in a round led by Chiratae Ventures

The firm said it is targeting the global enterprise application software market, which has an estimated annual sales and marketing expense exceeding $190 billion

Oister Global, Tribe Capital partner to launch $500 million fund

With a pipeline of identified investments, the firms aim to leverage their complementary strengths: Oister's deep local market expertise and Tribe Capital India's quant-driven diligence

Rajasthan govt to launch new mineral policy to attract investment

The total revenue from minerals in Rajasthan was estimated at over Rs 7,460 crore in FY24

PDG plans infusing $1 bn for expansion in India amid AI data center boom

The investment will bring PDG's capacity to 230 MW across two major hubs, Mumbai and Chennai

Odisha govt okays Rs 45K cr investment proposals, promises 36K employment

CM Manjhi had set a target of attracting industrial investments to the tune of Rs 2.5 lakh crores in the coming 5 years

Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding

Company provides loans to low-income customers and businesses in informal economy

India presents opportunity, world moving into Indian era: Salesforce

Customer relationship management-focused Salesforce's chairman and chief executive Marc Benioff has said the world is moving into an "Indian era". Speaking to reporters on the sidelines of the annual "Dreamforce" event here, Benioff said the opportunities in India are "exciting" and the company has invested in the country aggressively. "You can see that the world is moving into the Indian era. There is no question that we are going to move into an incredible moment in India," he said. The city-headquartered global company which is aiming to close FY25 with a revenue of USD 38 billion has over 11,000 employees in the country. A bulk of the employee base serves the global client base, while the increasing adoption of digital technologies has made India business also grow. "We do all kinds of things in India including engineering and support but also we go to market in India," Benioff said, adding that it serves large customers like the auto major Bajaj group. He said the company has

iBUS Network and Infrastructure receives Rs 280 crore investment from IFC

This investment will bolster iBUS's plans for both domestic and international growth

Startup India should move out of Invest India's ambit, says Piyush Goyal

The minister said that the company can be industry-led, similar to Invest India-a key body that pushes investments

India seeks investment from S Korea, Japan to set up shipbuilding clusters

India is seeking investments and technology transfer from South Korea and Japan to establish shipbuilding and ship repair clusters to promote the domestic shipping supply chain in the country, according to a senior government official. Currently, India holds less than 1 per cent of the global shipbuilding market, dominated by China, South Korea, and Japan. "We are looking at South Korea and Japan for investments and technology transfer for establishing shipbuilding and ship repair clusters in India," TK Ramachandran, Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), told a group of journalists here. Ramachandran was in Goa to participate in the 20th Maritime State Development Council (MSDC), where plans for a mega shipbuilding park, spanning multiple states, were discussed. "We have communicated to them (South Korea and Japan) that you come with your technology and investments, we will provide you land for setting up shipbuilding and ship repair clusters," he said. T

Bahrain secures $16.65 million in investments from three Indian companies

The Bahrain Economic Development Board (Bahrain EDB) has secured investment commitments valued at USD 16.65 million from three leading India-based companies across the sectors of manufacturing, renewable energy, and ICT. The announcements were made during Bahrain EDB's ongoing week-long visit to Mumbai, Bengaluru, and Chennai, designed to strengthen bilateral economic ties and attract foreign direct investment to Bahrain, it said in a statement. H E Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, said, "We at Bahrain EDB are proud to welcome these companies to our business-friendly island nation, further underscoring the robust economic and commercial ties between India and Bahrain that have been traced back 5,000 years to the Dilmun and Indus Valley civilizations. "This cumulative investment reflects the strength and competitiveness of Bahrain's value-proposition and fast-growing reputation as a key regional hub for leading manufacturin

Provide credit enhancements for civic bodies: Sebi ED Rao to NaBFID

The National Bank for Financing Infrastructure and Development (NaBFID) should provide credit enhancements for civic bodies which will help increase investor interest in municipal bonds, a senior Sebi official said on Thursday. The municipal bodies have an investment grade rating, but very few of them are rated AA and above which is considered essential by institutional investors like insurance and pension funds, Sebi's executive director Pramod Rao said. "NaBFID providing credit enhancements to such municipalities will be able to ensure that we have strong investor interest which comes in," he said at an event on infrastructure finance here. He said only 100 of the 5,000 civic bodies are rated which leaves a "long tail" of bodies which can raise the money it helped with the credit enhancement. The government has notified NaBFID as a public financial institution. The senior official from the capital markets regulator also said that this will not be working in perpetuity for any ci

Govt proposes to give brokers more freedom to invest surplus cash

Amendment to SCRA to allow brokers venture into other businesses as long as client funds are protected

TN CM Stalin secures another key investment for state during US visit

Stalin said that the state government has inked a memorandum of understanding (MoU) with Autodesk to skill youth and boost MSMEs and startups in the State

Need Rs 30 trn investment for 500 GW renewables by 2030: Minister Joshi

Union New & Renewable Energy Minister Pralhad Joshi on Monday said as much as Rs 30 lakh crore is required to meet the target of 500 GW by 2030. He also announced that Prime Minister Narendra Modi will inaugurate the 4th RE-INVEST 2024, a global summit for renewables. The fourth edition of the Global Renewable Energy Investors Meet & Expo(RE-INVEST) 2024 is scheduled from September 16 to 18 at Mahatma Mandir Convention & Exhibition Centre in Gandhinagar, Joshi told reporters in a curtain raiser press conference here. He said that India requires Rs 30 lakh crore investment to meet the ambitious target of having 500 GW of renewable energy by 2030. Earlier three RE-INVEST conferences were organised, including one in virtual mode and two in Delhi, he added. This is the first RE-INVEST to be held in Gujarat. "We thought that Gujarat is the right place to organise the conference to achieve the 500 GW renewable energy target by 2030," he said, citing the example of Vibrant ...

238 cos completed formalities for Rs 36,000 cr investment: Bihar minister

At least 238 companies have completed all formalities for a combined investment of Rs 36,000 crore, making Bihar one of the leading states in terms of the realisation of business proposals, a senior minister said on Monday. These entities are part of 278 companies which had promised Rs 50,530 crore investment in the state during the mega two-day Bihar Business Connect 2023, he said. Addressing a press conference here, Bihar Industries Minister Nitish Mishra said many big players have chosen the state as their "preferred destination". "During the two-day event in December, a remarkable achievement was made as 278 companies signed MoUs with the state government, committing to invest a total of Rs 50,530 crore. "It's a matter of great satisfaction that MoUs with 238 companies have been realised and the process of Rs 36,000 crore investment has started in the state," the minister said. Bihar is witnessing significant "investment promotion activities", reinforcing its position as an ..

Gorakhpur has become hub for education, health investments: CM Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday inaugurated the Sainik School in Gorakhpur in the presence of Vice President Jagdeep Dhankhar and said that Gorakhpur is progressing rapidly under the inspiration and guidance of Prime Minister Narendra Modi. Addressing the inauguration programme, Adityanath said that Gorakhpur has become the dream destination for education, health and investment in the region. "Today the sacred purpose of building generations is fulfilled through Sainik School. This is an important day for eastern Uttar Pradesh," he said. Adityanath said that Gorakhpur has been an important place mythologically and historically. It is the place of worship of Mahayogi Guru Gorakhnath ji and also the centre for the publication of Sanatan literature all over the world through Gita Press. In the fight for freedom, during the first freedom struggle of 1857, under the leadership of Shaheed Bandhu Singh, the foundations of British rule were shaken in the Gorakhpur

TN govt signs investment deals worth Rs 850 crore with 3 US companies

These initiatives are helping Tamil Nadu progress rapidly in industrial production while keeping pace with fast-growing global technology advancements