Page 38 - Investment

Investment revival: Why reliance on govt spending alone is unsustainable

As the fiscal space tightens, it will be important for private investment to pick up to sustain economic growth over the medium to long term

Decathlon to invest 100 mn euros in India in 5 years to expand retail, mfg

French sports retailer Decathlon on Wednesday said it will invest 100 million euros (around Rs 933 crore) in India, its one of the fastest growing markets, in the next five years to expand retail footprint and manufacturing operations. The company expects its business to become double in next three to five years, said Decathlon India CEO Sankar Chaterjee. The company plans to have a network of 190 stores, having presence in over 90 stores in next 5 years as part of its expansion, he added. Besides, a handful of this would also be spent on enhancing the digital channel as per the omni-channel approach of the company. Decathlon will expand its manufacturing operations and increase sourcing from india for the local market and its global operations. Currently 68 per cent of the goods sold in India are locally produced. Besides, 8 per cent of Decathlon's global product range are also met through India manufacturing. "We are aiming to take the domestic manufacturing for Decathlon India

Tamil Nadu garnered Rs 9.74 trn investments, created 3.1 million jobs: CM

Tamil Nadu has attracted investments worth over Rs 9 lakh crore in the last three years and generated 31 lakh new jobs, Chief Minister M K Stalin said on Wednesday. Ahead of his visit to the United States next week to woo investors, Stalin on Wednesday unveiled a slew of new projects worth Rs 68,773 crore that would generate 1 lakh jobs in the state. "This is a very important day in the industrial and development history of Tamil Nadu. It is a day to showcase our economic prowess to the world -- and a day to realise that Tamil Nadu has a bright future," the Chief Minister said at the Tamil Nadu Investment Conclave here. The projects unveiled by CM include the inauguration of 19 new projects worth Rs 17,616 crore and laying the foundation stone for 28 different projects valued at Rs 51,157 crore, he said. With the launch of these new projects, 1,06,803 new jobs will be created, he said. "If industry grows, through that industry, the state grows. Families also grow and live through t

India presents an unprecedented chance for investments: Ankur Capital MD

Ankur Capital secures key commitments for Rs 1,200 crore fund

JM Financial PE invests Rs 40 crore in Zoff to boost brand building efforts

JM Financial Private Equity through its arm JM Financial India Growth Fund III on Wednesday invested Rs 40 crore in Asquare Foods and Beverages, the parent company of the direct-to-consumer spice brand Zoff. The fresh capital infusion from JM Financial Private Equity will be used to strengthen brand-building efforts, enhance the existing production capacities, and bolster the company's offline distribution network, the company said statement. "We strongly believe that Zoff can emerge as one of the leading spices brands in the future," Darius Pandole, Managing Director & CEO of Private Equity & Equity AIFs at JM Financial said. Zoff was founded by brothers Akash and Ashish Agrawal. JM Financial Private Equity, part of the JM Financial Group, manages several funds that focus on providing growth capital to high-potential Indian companies. **** Servotech to install 12 EV charging stations in Kerala Servotech Power Systems Ltd on Wednesday said it will install 12 EV charging ...

World Senior Citizens Day 2024: Top investment options curated for seniors

Senior citizens need to select investment tools wisely ensuring regular returns with low risk. Explore these 5 investment options for senior citizens

Reliance to invest over Rs 1,000 cr in Sohagpur CBM to boost gas output

Reliance Gas Pipeline Ltd operates a 302-kilometer pipeline connecting the coal bed methane (CBM) gas fields in Shahdol, Madhya Pradesh, to Phulpur, Uttar Pradesh

IndusInd Holdings gets nod to acquire majority stake in 2 Invesco entities

Fair trade regulator CCI on Tuesday approved the acquisition of majority stake in each of Invesco Asset Management and Invesco Trustee by IndusInd International Holdings Ltd. "The proposed combination pertains to the acquisition of 60 per cent shareholding in each of Invesco Asset Management (India) Pvt Ltd (Invesco AMC) and Invesco Trustee Pvt Ltd (Invesco Trustee) by IndusInd International Holdings Ltd (IIHL). "IIHL will be holding the investment through its wholly-owned and controlled subsidiary, IIHL AMC Holdings Ltd (IIHL AMC), which has been incorporated specifically for the purposes of proposed combination," the regulator said in a release. IIHL is a global business license (Category 1) licensee company incorporated in the Republic of Mauritius. It is a investment holding whereby IIHL holds shares in different companies spread across sectors. The Competition Commission of India (CCI) said it has cleared the deal. Invesco Trustee and Invesco AMC are the trustee company and a

Trade groups gives suggestions for Rising Rajasthan investor summit

Prime Minister Narendra Modi will inaugurate the summit

High-quality stocks at their cheapest in 20 years, says Saurabh Mukherjea

There is a huge valuation disparity between American and Indian small and midcap stocks despite similar fundamental growth prospects, he says

Rajasthan govt receives investment proposals of Rs 5.21 trn ahead of summit

The Rajasthan government has received investment proposals worth over Rs 5.21 lakh crore (over USD 62 billion) within two weeks of the announcement of dates for the 'Rising Rajasthan' Investment Summit 2024. According to an official statement, the Bureau of Investment Promotion (BIP), which is the nodal department for the investment summit, has received proposals from some of the biggest names in the Indian and global corporate sector. These projects have the potential to generate about 1.55 lakh direct employment opportunities. The received investment proposals (worth Rs 5.21 lakh crore) amount to over 33 per cent of Rajasthan's present economy (GSDP) which is estimated to be INR 15.28 lakh crore (at current prices) in 2023-24. The 'Rising Rajasthan' Investment Summit 2024 will be organised on December 9-11, 2024, in the capital city of Jaipur and the 3-day mega summit aims to attract and facilitate global investment, innovation, and associations into the state. "The Industries .

Outflows from SIP accounts scale new high of Rs 14,367 crore in July

As a result, net inflows drop to just 38% of gross collections

Delhi-NCR gets max real estate investment in Jan-Jun at $633.3 mn: Report

Delhi-NCR's real estate market has attracted highest private equity investment of USD 633.3 million during January-June period of this year as investors look to encash high demand for prime office space and luxury housing, according to Cushman & Wakefield. In its latest capital market report, real estate consultant Cushman & Wakefield mentioned that Delhi-NCR attracted USD 633.3 million of inflows during the first six months of this calendar year. Out of the total investment in Delhi-NCR, office assets received USD 483.6 million, while residential USD 149.6 million. The consultant noted that the surge in investments in Delhi-NCR has been primarily driven by the office segment, with major equity buy-outs by prominent fund houses. Residential sector in the city has also seen continued interest specially in the high-end and luxury segment. Across six major cities, the total investment in real estate stood at USD 3.9 billion during January-June 2024. Multi-city deals dominated ...

Foxconn eyes Hyderabad investment, CM Reddy pitches 'fourth city' project

Taiwanese electronics major Foxconn has expressed interest in exploring investment opportunities in Hyderabad, Telangana government said on Friday. Foxconn Chairman Young Liu met with Telangana Chief Minister A Revanth Reddy in New Delhi and the latter invited the company to invest in a proposed "fourth city" to be developed on the outskirts of Hyderabad. Reddy assured Liu of full support, including necessary permits and incentives, for setting up factories in the state. "Liu said Foxconn is eager to explore investment opportunities in Hyderabad," an official statement from the Telangana government said. The Foxconn chairman noted that Hyderabad has the potential to expand in all sectors, including industrial and service sectors. Liu announced plans for an initial visit by a team led by Foxconn's Chief Campus Operations Officer Kathy Yang and India representative V Lee. He said he would follow up with a personal visit later. Outlining the development plans for the proposed "fourt

Valuations, near-term headwinds keep brokerages cautious on Bosch

Sales growth of 4 per cent for the second-largest listed auto parts player by market capitalisation came from the mobility segment

PE-VC funds investment declines sharply in July to $2.7 bn: Report

Investments in Indian entities by venture capital and private equity funds declined sharply to USD 2.7 billion in July this year, a report said on Wednesday. The bets were 42 per cent lower than USD 4.6 billion in the preceding month of June, and 35 per cent down from USD 4.1 billion in July last year, the report by industry lobby grouping IVCA and consultancy firm EY, said. Interestingly, the number of deals increased to 81 from 68 transactions in the year-ago period, indicating the deal sizes were down. "The second half of 2024 appears to have had a weak start. We expect PE/VC investors to take a cautious approach as concerns over global uncertainties, inflation and geopolitical tensions play out, influencing the confidence and willingness of investors to deploy additional capital," the firm's partner Vivek Soni said. He added that the budget has been a "net positive" for the sector, and added that the angel tax removal should stimulate investor interest in the start-up space. T

TN govt approves Rs 44,125 cr worth projects, expected to generate 24K jobs

The Tamil Nadu Cabinet on Tuesday gave its approval for 15 investment proposals of a total value of Rs 44,125 crore that are expected to generate over 24,700 jobs in the state. The 16th cabinet meeting chaired by Chief Minister M K Stalin at the secretariat here also granted its nod to three renewable energy policies as part of a goal to achieve 20,000 MW power generation by 2030, according to Finance Minister Thangam Thennarasu here. Emerging from the meeting, Thennarasu said that on August 17 the chief minister would be inaugurating a first-of-its-kind-in-India industrial housing facility for 18,720 employees of Foxconn built at an estimated cost of Rs 706.5 crore at SIPCOT Vallam Vadagal industrial estate in Sriperumbudur, Kancheepuram district. The cabinet gave its nod for projects covering various sectors including electronics, food processing, motor vehicles and battery manufacturing. A pump storage policy, a small hydel policy and a wind repowering and life extension policy

RBI clears Tata Capital's conversion into NBFC investment credit company

The appointed date for the scheme is effective April 1 this year and is expected to take 9-12 months to consummate

PE firm Quadria Capital set to deploy around $1 billion in Indian market

In various healthcare companies covering hospitals, pharmaceuticals, life sciences, medical devices, among others

Explore different ways to convert cryptocurrencies into cash

There is no central body operating in India to regulate cryptocurrency. Users should be careful while dealing in cryptocurrency