Page 37 - Investment

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

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