Page 36 - Investment

IvyCap plans to invest Rs 2,100 cr in Indian startups in next 12 years

Venture Capital firm IvyCap Ventures has raised Rs 2,100 crore through its Fund III, with 90 per cent of the corpus coming from domestic investors. Fund III had a basic corpus of Rs 1,500 crore and a provision to raise an additional Rs 600 crore as greenshoe option. "We have raised Rs 2,100 crore. Majority of the fund has come from our existing investors and 90 per cent is domestic capital," IvyCap Ventures Founder and Managing Partner Vikram Gupta told PTI. "Despite challenges in domestic capital flow, we have stuck to our theory that there is enough domestic capital which will continue to grow. With Fund III we have proved it," he said. The Fund III is almost 4 times the size of Fund II, IvyCap said, adding that it plans to invest in Indian startups over a period of 12 years. The Fund plans to invest in about 25 companies at Series A with an average starting investment amount of Rs 30-50 crore. "We are sector agnostic fund. We have already committed around 40 per cent of the fu

Himadri Speciality to invest Rs 220 cr to expand carbon black capacity

Himadri Speciality Chemical Ltd, a Kolkata-based speciality chemicals major, to expand its speciality carbon black capacity in a brownfield expansion project in West Bengal, with an estimated investment of Rs 220 crores, a company official said on Sunday. The expansion is envisaged to meet the increasing demand from Europe amid an impending ban on Russian carbon black imports in the EU. The expansion, scheduled to be operational within the next 18 months and located at Singur in the Hooghly district, will be funded through internal accruals. This additional capacity of 70,000 tonnes per annum will increase the company's speciality carbon black capacity to 1.3 lakh tonnes per annum, enhancing the cumulative capacity to 2.5 lakh tonnes from the current 1.8 lakh tonnes, the official added. "We foresee a significant uptick in demand for speciality carbon black, especially with the impending ban on Russian carbon black imports into the European Union. The gradual increase in the proport

Govt officials, Russian dy minister attend India-Russia investment forum

Secretary at the Department for Promotion of Industry and Internal Trade of the Ministry of Commerce and Industry Rajesh Kumar Singh, India's Ambassador to Russia, Vinay Kumar, and Russian Deputy Minister of Economic Development Vladimir Ilyichev attended the first India-Russia Investment Forum.The event was organized by the Department for Promotion of Industry and Internal Trade of the Ministry of Commerce and Industry in collaboration with the Indian Embassy in Moscow and Invest India. More than 270 Indian and Russian business representatives, entrepreneurs, financial institutions, industry associations and government officials engaged in the Investment Forum.In a post on X, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry stated, "@DPIITGoI in collaboration with @IndEmbMoscow & @InvestIndia organised the first India-Russia Investment Forum, featuring addresses from Mr. Rajesh Kumar, Secy, DPIIT, Ambassador @vkumar1969 & Mr. ...

India in privileged position, poised for growth over 20 years: Niren Shah

In India, the company has 27 active investments including in Swiggy, NSE India, Duroflex, Finova Capital, Kishlay Foods, Mintifi, Quikr among others

Tata Steel to invest £1.25 billion in electric arc furnace in Port Talbot

The decision follows seven months of formal and informal national-level discussions with the UK Steel Committee (the multi-union forum) and its advisers, the company said

China turns heat up on cross-border investments in local govt debt: Report

Local governments in China have the authority to grant QDLP licenses, and Hainan has been one of the most active issuers of such approvals

Outward remittances hit new high at $29 billion in April 2023-February 2024

In February 2024, the outward remittances stood at $2.01 billion, which was 23% lower than $2.62 billion in January 2024

MSCI Q1 results: Profit jumps on higher demand for index products April 23

Companies such as MSCI benefit from market swings as investors rush to rebalance portfolios and hedge against risks

What are debt funds? Who should invest in them? Here's all you need to know

Debt funds invest in various fixed-income instruments including bonds, treasury bills, and commercial paper

IFCI gets Rs 500 cr capital infusion from govt via issuance of equity

State-owned IFCI on Monday said it has received a capital infusion of Rs 500 crore through the issuance of equity shares to the government on a preferential basis. Allotment of 12,39,77,188 shares to the Government of India was done on April 18, 2024, on a preferential basis, IFCI said in a regulatory filing. Following the capital infusion, the government holding in the oldest financial institution IFCI has increased from 70.32 per cent to 71.72 per cent. The government had infused Rs 100 crore in 2022 in long-term infrastructure financier IFCI Ltd. The Industrial Finance Corporation of India was set up by the government on July 1, 1948, as the first Development Financial Institution in the country. IFCI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.

Strategic location, significant investments: An expressway to industries

Despite challenges, areas around the 242-km Delhi-Jaipur Expressway, driven by strategic location, are attracting significant investments

Stock exchange to administer and supervise research analysts: Sebi

Enlistment with stock exchange may become mandatory

Axis AMC elevates R Sivakumar as head of the corporate strategy

Fixed income investment team is now being headed by Devang Shah

Morgan Stanley borrowing $8 bn in bank bond, after reporting higher revenue

Morgan Stanley's trading and wealth units' revenue cruised past analysts' estimates, following blowout earnings from peer Goldman Sachs Group Inc

If there is a market to invest in the world, it is India: Lightspeed exec

A number of limited partners (LPs) are reassessing their exposure to China and increasing weight to India, says Taneja

You should invest in silver gradually or on pullbacks after the rally

Opt for a silver exchange-traded fund or a fund-of-funds having low expense ratio and tracking error

Flexicap funds: All you need to know about the popular mutual fund category

Flexicap mutual funds offer the fund managers to invest across sectors and market capitalisations without any restrictions

Goldman Sachs Q1 results: Profit jumps 28% on investment banking strength

"We continue to execute on our strategy, focusing on our core strengths to serve our clients and deliver for our shareholders," CEO David Solomon said

Zomato's improved profits, 260% stock surge leaves analysts scrambling

The nearly 260% surge in Zomato since last April has made it difficult for consensus to keep up, but expectations continue to rise

Intend to remain invested to fullest extent possible: CIO Janakiraman

Janakiraman suggests that while equity returns may trail underlying earnings growth, investors with a risk appetite should persevere with the systematic investing approach