Page 30 - Investment

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

Black Box targets tripling sales over next 4 yrs on US networking demand

The company is seeking to capitalise on a global quest for artificial intelligence that's prompting customers to invest in computing and data storage capacity

Why is Japan reviving debate on higher tax on income from investment

The flat-rate tax system helps lower the overall burden for high-income earners, who tend to earn more through investments

Marudhar Rocks secures Rs 150 crore investment from Bharat Value Fund

Marudhar is engaged in the manufacturing of premium engineered quartz surfaces

Tamil Nadu inks pact with US-based Trilliant for Rs 2000 cr investment

Tamil Nadu Chief Minister M K Stalin on Thursday said the state government has signed a MoU with US-based Trilliant for establishing its manufacturing unit and a global support centre in the state at an investment of Rs 2,000 crore. The pact was signed in the US city of Chicago. The CM is on an official trip to the US to garner investments to the state and has already clinched a number of deals. "Exciting developments in Chicago! Secured a Rs 2000 crore MoU with Trilliant to establish a manufacturing unit as well as their Development & Global Support Centre in Tamil Nadu. Thanks to Trilliant for this valuable partnership," he said in a post on 'X.' According to an official release, Trilliant is a leading solutions provider relating to Advanced Metering Infrastructure, Smart Grid, Smart Cities and Industrial Internet of Things. The CM met senior officials of the North Carolina-based company, the release added. Similarly, Stalin held talks with officials of shoe-maker Nike. "Had ..

CapitaLand Investment to double funds under management in India by 2028

Eyes private credit for real estate, renewable energy

Jakson Engineers plans Rs 2,000 cr investment to expand solar mfg biz

Jakson Group arm Jakson Engineers on Wednesday said it is planning to invest about Rs 2,000 crore for expansion of its solar manufacturing business. Jakson Engineers Ltd (JEL) -- part of the leading energy and infrastructure conglomerate Jakson Group -- announced a significant expansion of its solar manufacturing business, a company statement said. According to the statement, the company plans to invest approximately Rs 2,000 crore for setting-up a 2,500 MW Solar Cell manufacturing facility, which will be developed in two phases and is simultaneously expanding its existing solar module manufacturing facility to 2,000 MW. This expansion marks a major milestone for Jakson Engineers, reinforcing its dedication to meeting the growing demand for solar energy solutions. By significantly ramping up its manufacturing capabilities, Jakson aims to better serve its growing customer base and contribute meaningfully to the global shift towards renewable energy. Sundeep Gupta, Vice Chairman & .

Elon Musk to celebrate PM Meloni as Italy eyes space sector investment

Musk and Meloni have met on a number of occasions, including at a political festival last December thrown by the prime minister's right-wing Brothers of Italy party

Be more discerning on SME IPOs: Market regulator Sebi to exchanges

Urges SMEs to go for alternative funds before exploring listing option

Investors subscribe Gala Precision IPO 10.83 times offer size, shows data

The initial public offer of Gala Precision Engineering got fully subscribed within minutes of opening for bidding on Monday. The initial share sale received bids for 47,77,444 shares against 22,23,830 shares on offer, reflecting 2.15 times subscription, as per NSE data till 11:21 hours. The portion for Retail Individual Investors (RIIs) garnered 3.15 times subscription while the quota for non institutional investors got subscribed 2.54 times. The initial share sale will conclude on September 4. Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO). The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer for sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by promoter group entities and individual shareholders. This aggregates the transaction size to Rs 168 crore at the upper end of the price band of Rs 529. Proceeds from the fresh issue will be

Do policy reversals make a difference to the problem of private investment?

Policy reversals make little difference to the problem of private investment

Passive funds, luxury bedding: Top personal finance stories of the week

Our newsletter this week tells you how to invest in passive funds and where to find luxury bedding

Ring-fencing a challenge: Industrial parks may help attract investment

The latest policy is certainly an upgraded attempt to push the envelope in attracting investment

Chinese regional banks' investment revenues soar even as lending falters

Chinese lenders are still facing challenges such as narrow margins and low loan rates