Page 38 - Investment

Jakson Engineers plans Rs 2,000 cr investment to expand solar mfg biz

Jakson Group arm Jakson Engineers on Wednesday said it is planning to invest about Rs 2,000 crore for expansion of its solar manufacturing business. Jakson Engineers Ltd (JEL) -- part of the leading energy and infrastructure conglomerate Jakson Group -- announced a significant expansion of its solar manufacturing business, a company statement said. According to the statement, the company plans to invest approximately Rs 2,000 crore for setting-up a 2,500 MW Solar Cell manufacturing facility, which will be developed in two phases and is simultaneously expanding its existing solar module manufacturing facility to 2,000 MW. This expansion marks a major milestone for Jakson Engineers, reinforcing its dedication to meeting the growing demand for solar energy solutions. By significantly ramping up its manufacturing capabilities, Jakson aims to better serve its growing customer base and contribute meaningfully to the global shift towards renewable energy. Sundeep Gupta, Vice Chairman & .

Elon Musk to celebrate PM Meloni as Italy eyes space sector investment

Musk and Meloni have met on a number of occasions, including at a political festival last December thrown by the prime minister's right-wing Brothers of Italy party

Be more discerning on SME IPOs: Market regulator Sebi to exchanges

Urges SMEs to go for alternative funds before exploring listing option

Investors subscribe Gala Precision IPO 10.83 times offer size, shows data

The initial public offer of Gala Precision Engineering got fully subscribed within minutes of opening for bidding on Monday. The initial share sale received bids for 47,77,444 shares against 22,23,830 shares on offer, reflecting 2.15 times subscription, as per NSE data till 11:21 hours. The portion for Retail Individual Investors (RIIs) garnered 3.15 times subscription while the quota for non institutional investors got subscribed 2.54 times. The initial share sale will conclude on September 4. Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO). The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer for sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by promoter group entities and individual shareholders. This aggregates the transaction size to Rs 168 crore at the upper end of the price band of Rs 529. Proceeds from the fresh issue will be

Do policy reversals make a difference to the problem of private investment?

Policy reversals make little difference to the problem of private investment

Passive funds, luxury bedding: Top personal finance stories of the week

Our newsletter this week tells you how to invest in passive funds and where to find luxury bedding

Ring-fencing a challenge: Industrial parks may help attract investment

The latest policy is certainly an upgraded attempt to push the envelope in attracting investment

Chinese regional banks' investment revenues soar even as lending falters

Chinese lenders are still facing challenges such as narrow margins and low loan rates

Investment and insurance: Invest in Ulip with above 10-year horizon

This forced insurers to introduce more cost-effective, customer-friendly products. "Manufacturers have eliminated the policy administration charge," says Rao

MFs, AIFs to gain higher weight in family office portfolios: Report

Exposure to fixed income, real estate likely could decline, says Sundaram Alternates report

Simplistic to think Chinese investments will improve India's trade balance

Five important points worth further reflection with respect to the Economic Survey suggestion to promote FDI from China

Trade imbalance: India needs to urgently enhance its R&D investment

By prioritising this, and cultivating a robust ecosystem for innovation and business growth, India can build the foundation to achieve sustainable economic growth and avoid the middle-income trap

MUFG Bank expects over 25% growth in India biz; to focus on large cos

Shashank Joshi, MUFG's deputy chief executive officer and head of global corporate and investment banking in India, said the bank has an exposure of about $15 billion in India

Adani, Accenture set to headline investment conclave in Gwalior on Wed

This conclave will build on the earlier editions held in Ujjain and Jabalpur as the Gwalior-Chambal region is better connected to other parts of the country

Grip Invest launches first privately placed Rs 10,000 face value bonds

One part of the issuance worth Rs 6.5 crore was launched on the Grip platform, which was fully subscribed, said Nikhil Aggarwal, Founder & Group CEO, Grip

Rothschild to boost its ECM, debt businesses in India as deals heat up

The expansion plans at Rothschild follow a surge of initial public offerings in the Indian stock market

UltraTech Cement raises $500 mn through sustainability-linked loans

The company added that the transaction marks the second sustainability-linked financing raised by UltraTech, following its inaugural sustainability-linked bond issuance in 2021

Capitalmind gets Sebi's in-principle approval to launch MF business

Investment management company Capitalmind Financial Services on Monday said it has received in-principle approval from market regulator Sebi to launch a mutual fund business. As a portfolio manager, Capitalmind currently manages over Rs 2,200 crore in assets under management (AUM) for more than 1,150 clients, boasting a strong annual client retention rate of 98 per cent. Since its inception, the Bengaluru-based company has doubled its AUM every financial year, driven by robust portfolio performance and steady inflows. This growth has resulted in wealth creation exceeding Rs 1,000 crore for clients in less than seven years. "Receiving Sebi's in-principle approval for a mutual fund is both an honour and a privilege. We are grateful for this opportunity and remain committed to building long-term wealth while maintaining the highest standards of regulatory compliance," Deepak Shenoy, CEO of Capitalmind, said. "We look forward to establishing Capitalmind Asset Management Company to meet

Map for new investors; Southern food charm: Top personal finance stories

Our weekly newsletter recommends how to begin investing in mutual funds and why South Indian food is not just idli-dosa

Rockwool to set up biggest India factory in Tamil Nadu; to invest Rs 550 cr

Denmark-based Rockwool, one of the leading insulation producers across various segments, will be setting up its largest factory in the country in Tamil Nadu with an outlay of Rs 550 crore, a top official said on Thursday. Rockwool reported revenues of Euro 3.6 billion and has a presence in 40 countries worldwide. The new factory expected to come up at Cheyyar, located about 90 km from Chennai in Tiruvannamalai district, is in addition to the company's existing factory in Dahej, Gujarat and would boost revenues from the Indian market in the Group's global turnover. Earlier in the day, Rockwool Board Chairman Thomas Kahler, its Asia Managing Director Darryl Mathews and India Business Unit Director Vinay Pratap Singh met Chief Secretary N Muruganandham at the secretariat to discuss the company's plans in the state. "We started our operations in Gujarat in 2011 and we are setting up our second factory in Cheyyar SIPCOT (State Industries Promotion Corporation of Tamil Nadu) Industrial P