Page 34 - Investment

For better valuations, new paper supply must accelerate: Rajeev Thakkar

Barring a temporary blip where stocks fell on verdict day, we are back to all-time highs. There doesn't appear to be any derating due to the coalition

Investing for children: Buy house or opt for MFs?

I reminded Meera that although Karan's parents had a large bungalow in his hometown, professional opportunities had brought them to Mumbai. Their children might behave similarly

Geojit warns investors of fraudsters promising high returns, bogus schemes

Fraudsters are deceiving people with false promises of lucrative returns and bogus investment schemes in the stock market and mutual funds, as well as fake IPOs, Geojit Financial Services

Insurers to invest more in private credit market: Moody's Ratings report

In a survey this week of the world's largest insurers, Moody's found that nearly 80% of respondents planned to increase their holdings in at least one class of private credit

Proptech firms garner investment of $4.6 bn in the last 14 years: Report

The shared economy and construction technology segments have emerged as leaders in the proptech space, capturing 55 per cent and 23 per cent of private investments in FY24, respectively

Tech sector will emerge as centre of massive investments: Picus Capital

The technology sector will emerge as a centre of key investments, the industry said on Wednesday as it hopes that the new government will continue to prioritise hi-tech manufacturing, innovation, and entrepreneurship. The industry's comments come as the Lok Sabha elections have handed a clear majority to the National Democratic Alliance (NDA), although the BJP has fallen short of the magic number for the first time since 2014, making it critically dependent on its allies for the government formation. Picus Capital, an early-stage technology investment firm, said the technology sector will emerge as a centre of massive investments. "With the government's continued commitment to promoting innovation and entrepreneurship, India could be propelled into becoming the leading country in global technology transformation," Naman Jhawar, Partner and Head of India and SEA, Picus Capital said. A new administration often brings policy shifts that can impact various sectors differently, he ...

Fintech firm Fibe raises $90 mn in funding round led by TR Capital

Fintech firm Fibe on Wednesday said it has raised USD 90 million in a funding round led by TR Capital, Trifecta Capital and Amara Partners. Fibe's existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures and Chiratae Ventures also participated in the funding round, including primary and secondary transactions. Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe facilitates consumer finances like healthcare loans, edtech loans, insurance financing, and school fee financing, among others. "The infusion of new capital not only fuels our growth but also highlights our dedication to empowering India's youth on their journey towards fulfilling their dreams. With this new capital injection, we are poised to expand our reach, strengthen our technological infrastructure, and deepen our impact across India," Fibe co-founder and CEO Akshay Mehrotra said. Fibe claims to have disbursed more than 6 million loans worth over Rs 20,000 crore since inception. "The fres

What we see today is appropriate level of investment: Ben Mathias

Mathias said there is a correction taking place in the ecosystem compared to three years ago when companies were given money unjustifiably

Adani Group profit up 55% in FY24; eyes $90 bn investment over next decade

Adani group saw a 55 per cent profit surge in the fiscal year ended March 2024 as the apples-to-airport conglomerate is back on an expansion spree and eyeing a USD 90 billion capex over the next decade. Emerging from a damning report of a US short seller, which hit market value of its listed companies, Adani group in 2023-24 (April 2023 to March 2024) fiscal focused on containing debt, reducing founder share pledge and consolidating business in core competencies. This helped net profit surge to Rs 30,767 crore for the group's listed companies in the fiscal from Rs 19,833 crore a year ago, according to exchange data and analysts. The 5-year CAGR (compound annual growth rate) for profit growth was 54 per cent. EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 40 per cent to Rs 66,244 crore despite a 6 per cent fall in the revenue. "Total group EBITDA grew 40 per cent year-on-year in FY24 (5-year CAGR of over 27 per cent), group raised fresh funds from ...

Investing in g-secs; building small portfolio: Top personal finance stories

Our top stop stories this week tell you about the pros and cons of government securities and what investors must know about compounding

Google to invest $2 bn in data centre and cloud services in Malaysia

Google said in a statement the data centre and cloud region will be located in Sime Darby Property's Elmina Business Park in central Selangor state

India may get Swedish PE major EQT boost with up to $5 bn funding

Swedish PE major planning to invest the amount this financial year

China sets up third fund with $47.5 bn to boost semiconductor industry

This commitment has taken on renewed urgency after the US imposed a series of export control measures over the last couple of years

Australia's Arafura Rare Earths secures $300 mn in finance from Canada

The Nolans project is slated to be the country's third rare earths processing plant

Google invests $350 mn in Flipkart as part of $1 billion funding round

This fundraise will give enough firepower to Flipkart to counter competition from Amazon, Reliance JioMart, and Tata Digital and tap the next 200 million customers in the country, especially in Tier-I

Nomura gives 150% salary hike to its top executives as earnings boom

The moves come after the Japanese firm spent several years improving risk controls after losing almost $3 billion in 2021 on the collapse of investment firm Archegos Capital Management

JSW Cement to invest Rs 3,000 cr for new manufacturing unit in Rajasthan

Once operational, the facility will mark the company's entry in the North Indian market

Valuation swell prompts large balanced advantage funds to lower sails

Adjusting to market tides: Large BAFs trim net exposure to below 60%

Attero to invest over Rs 8,000 cr to ramp up e-waste recycling capacity

Electronic waste and battery recycling company Attero plans to invest around Rs 8,300 crore in the next five years to ramp up its capacity, the company's CEO and Co-Founder Nitin Gupta said. At present, the company has the capacity to recycle up to 1,44,000 tonnes of electronic waste (e-waste) and 15,000 tonnes of lithium-ion battery annually. "In the next five years, we will obviously be investing roughly around USD 1 billion overall, including all forms of capital -- debt, equity and sort of other non-diluted forms of capital," Gupta told PTI. He said that the company is growing 100 per cent year-on-year and gradually increasing capacity. "A greenfield facility in Europe will come up in Poland. Work has already started there. In India, we are building another greenfield facility. We are finalizing the space in Andhra Pradesh/Jharkhand. Our e-waste (recycling) capacity will get to roughly around 4,15,000 tonnes per annum. Our battery (recycling) capacity will broadly reach around

Som Distilleries to invest at least Rs 1,000 crore in three years: CMD

Arora talks about the market trends and robust growth trajectory