Page 35 - Investment

Tata Motors group hikes investment outlay to Rs 43,000 cr for new products

Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official. In FY24, Tata Motors group had given a guidance of 3 billion pound investment for Jaguar Land Rover (about Rs 30,000 crore) and Rs 8,000 crore for Tata Motors -- a total of about Rs 38,000 crore. "Investment by JLR ended at 3.3 billion pounds (more than Rs 33,000 crore), and Tata Motors did more than Rs 8,200 crore. So, the total we ended was at about Rs 41,200 crore investment in FY24," Tata Motors Group CFO PB Balaji said in an earnings conference. Coming to FY25, he said, for JLR, the investment will be "more like 3.5 billion pounds, broadly Rs 35,000 crore, because all the product plans we had are coming together (next year)". He further said, "There is a phasing issue we are dealing (with), and these products have to (be) launched on time". For Tata Motors,

Trump presidency to risk $1 trn in clean energy investment, says WoodMac

This election cycle will really influence the pace of energy investment, both in the next five years and through 2050

Nuances of household savings

If corporate investment starts rising, pushing the investment rate (as a percentage of GDP) higher, low NFS will be hard to ignore and likely to hamper a balanced surge in growth

PE firm ChrysCapital to invest up to Rs 830 crore in Centre For Sight

"This investment will support CFS's ability to further scale and serve the growing demand for eye care in India both across Tier-I and Tier-II cities," the statement added

Certification for AIF manager's investment team mandatory, says Sebi

Capital markets regulator Sebi has amended rules making it mandatory for at least one key personnel within an investment team of an Alternative Investment Fund (AIF) manager to obtain requisite certification. The new requirement is aimed at boosting competency and professionalism in the AIF space. In a notification dated May 10, Sebi said, "At least one key personnel, amongst the associated persons functioning in the key investment team of the Manager of an Alternative Investment Fund, shall obtain certification from the National Institute of Securities Market (NISM) by passing the NISM Series-XIX-C." To give this effect, the Securities and Exchange Board of India (Sebi) has amended AIF rules. The new rules have been made applicable from the same date. Through this requirement of certification for key personnel, the capital markets regulator is looking to ensure a higher proficiency in managing AIFs. Last month, Sebi announced that certain changes in the private placement memorand

Murugappa Group to foray into e-SCV, plans to invest Rs 3,000 crore on EVs

This comes days after TI Clean Mobility signed a definitive agreement to raise Rs 580 crore from private equity firm GEF Capital Partners LLC

Millennials are opting for new age fractional investment: Know more

The report focuses on the transformative power of fractionalisation, a 150-year-old investing concept re-imagined for the digital age

Making mutual fund choice: Multi-asset vs balanced advantage funds

Investors should pick between the two depending on their risk appetite and financial goal

Mutual funds bet on 'special' opportunities as uncertainties loom

Two launches next week, one in the pipeline

Experts call IndiGo stock 'Rahul Dravid' Should you invest now

InterGlobe Aviation, the parent company of IndiGo, has seen impressive gains in recent months. However, experts believe most of the good news is already priced into the stock, so they don't expect big

Japan's Sumitomo Mitsui Financial invests Rs 1,300 cr in SMFG India Credit

SMICC has separately invested Rs 150 cr in a subsidiary to expand its affordable housing finance solutions

A tough time for portfolio managers

Markets are going through a major shift in style and leadership, akin to the 2003-08 bull run

Encouraging investment

New rules aim to improve NRI participation

Sequence of returns' big impact on final corpus

Sequence of returns can dramatically affect the longevity of a retirement corpus, especially if retirees have to withdraw more during market downturns early in their retirement

Only 3% women have access to external funding in small cities, finds study

Only 3% women entrepreneurs in tier 2 and 3 cities in India out of the 300 surveyed had access to external funding to start or expand their businesses, finds out a white paper on Women Entrepreneurs Transforming Middle India by Reserve Bank Innovation Hub (RBIH). The white paper was released at an event organised by Federation of Indian Chambers of Commerce & Industry (FICCI) here on Thursday. But we are keen to promote women in fintech. It is unfortunate that angel investors hesitate to give US$50,000 or US$100,000 to women in fintech. So, we are developing a fintech entrepreneurs programme in partnership with IIM Ahmedabad and Lucknow, BITS Pilani and Indian School of Business," said Rajesh Bansal, chief executive officer of Reserve RBIH, who released the findings. Bansal also pointed out that while literature and primary surveys reveal that women, in rural areas particularly, may have different financial goals compared to men, there is hardly any financial institution that ...

Mitsubishi CEO says weak yen hurting economy, poses risks to deals abroad

The yen has slid to 34-year lows this year as the Bank of Japan keeps interest rates low, causing investors to buy higher-yielding currencies

CBI conducts nationwide op against fraudulent app based investment scheme

The CBI has searched 30 locations across 10 states and union territories after registering a case in a fraudulent investment scheme linked to the HPZ Token App, officials said Wednesday. The agency has alleged the scheme involved misleading the public to invest in non-existent crypto-currency mining machine rentals. The nationwide operation ended Tuesday night. Two private companies, Shigoo Technology Private Limited and Lillian Technocab Private Limited, along with their directors were booked in the case under Indian Penal Code Sections 120-B (criminal conspiracy) 419, 420 (cheating) and Section 66 D of Information Technology Act, 2000, officials said. The CBI seized digital devices, including laptops, mobile phones, ATM and debit cards besides a trove of email accounts, during the searches spread across Delhi-NCR, Jodhpur in Rajasthan, Mumbai in Maharashtra, Bengaluru in Karnataka as well as locations in Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Bihar, Odisha and Madhya ...

Investment in housing segment jumps over 3 times to Rs 5,743 crore: C&W

Investments in residential real estate jumped more than three times in January-March to Rs 5,743 crore, contributing 63 per cent to the overall inflow in the real estate sector, according to Cushman & Wakefield. In its capital markets report released on Wednesday, real estate consultant Cushman & Wakefield highlighted that the investments in real estate rose to Rs 9,124 crore during the first quarter of the current calendar year from Rs 8,830 crore in the year-ago period. Of the total investment, the inflow in the residential segment jumped to Rs 5,743 crore from Rs 1,735 crore. In the office assets, the investments grew marginally to Rs 2,248 crore from Rs 2,180 crore. However, the investments in mixed-use projects fell to Rs 865 crore from Rs 1,645 crore. The Industrial & Logistics segment, too, witnessed an inflow of Rs 268 crore, a sharp fall from Rs 2,170 crore in the first quarter of 2023. Hospitality projects did not garner any interest from investors during ...

Jindal Stainless to invest Rs 5,400 crore to expand capacity, says MD

Jindal Stainless Ltd (JSL) will invest Rs 5,400 crore to expand capacity to 4.2 million tonne per annum, the company's Managing Director Abhyuday Jindal said on Wednesday. The investments will be made during the next two years, Jindal said, while addressing a press conference. Around 90 per cent of the investments will be made through internal accruals, he said. Sharing the break-up of the investment plan, Jindal said, "This will increase the company's melting capacity by over 40 per cent to 4.2 MTPA at an investment of more than Rs 700 crore." Second, the company has also set aside around Rs 1,900 crore for the expansion of its downstream lines at its plant in Jajpur, Odisha. Besides, the company earmarked nearly Rs 1,450 crore towards the associated upgrade of infrastructural facilities, such as railway siding, sustainability-related projects, and renewable energy generation. Third, the company will acquire a 54 per cent equity stake in Chromeni Steels Pvt Ltd (CSPL), which own

Cholamandalam Investment Q4 result: Profit rises 25% to Rs 1,065 crore

Cholamandalam Investment and Finance Company on Tuesday reported a 24.5 per cent rise in net profit to Rs 1,065 crore for the March quarter on account of an increase in core business. The Murugappa Group firm had earned a consolidated profit of Rs 855 crore during the corresponding quarter of the previous year. During the quarter, the company's total income increased to Rs 5,499 crore as against Rs 3,835 crore a year ago, Cholamandalam Investment and Finance Company said in a regulatory filing. Interest income grew to Rs 4,938 crore during the period under review from Rs 3,499 crore in the year-ago period. Total expense rose to Rs 4,071 crore compared to Rs 2,672 crore in the fourth quarter of FY23. The board recommended a final dividend of 70 paise per share (35 per cent per share of face value of Rs 2 each) for the year ended March 2024, it said. On the asset quality side, the company's gross Non-Performing Assets (NPAs) were reduced to 3.54 per cent of gross advances as of Mar