Page 39 - Investment

Kinetic Green secures $25 million investment from Greater Pacific Capital

The investment will be used to scale production at Kinetic Green's manufacturing facility in Supa, Maharashtra, and to enhance marketing, distribution, and R&D efforts

Blackstone sells over 310 mn units in Nexus Select Trust for Rs 4,355 cr

Global investment firm Blackstone on Friday sold 31.55 crore units in its REIT firm 'Nexus Select Trust' for around Rs 4,354.90 crore through a block deal on stock exchanges as part of a strategy to monetise real estate portfolio. Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties. According to exchange data, Blackstone sold 31.55 crore units in Nexus Select Trust at Rs 138 apiece, taking the total transaction value to Rs 4,354.90 crore. Domestic mutual funds, including ICICI Prudential Mutual Fund (MF), and HDFC MF picked up units of Nexus Select Trust. Among foreign companies, US-based financial services company Wells Fargo and Morgan Stanley acquired stake in the company while French asset management firm Carmignac bought units of the REIT firm, as per the data on the NSE. These entities acquired a total of 11.75 crore units or 7.76 per cent stake in Nexus Select ...

LTCG tweaks will drive investment & boost sales, say industry experts

In Budget 2024, FM Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5% from 20%

Why you should not miss declaring a nominee for your investments

Filing a nominee is a crucial step in ensuring that your hard-earned money reaches the right hands without unnecessary delays or legal hurdles

Muted treasury gains for banks in Q1 FY25 due to new investment norms

Under the new norm, banks must categorise bonds as HTM on a permanent basis, with the exception of 5% of the portfolio that can be withdrawn throughout the year

Aftershocks of carry trade at core of market rout could still have effects

The massive selloffs had come after a higher-than-expected US unemployment rate on Friday sparked worries

Judicial delays: An economic burden

Inefficiencies in the judicial process are stifling growth and investment in India

Ample Parks to invest Rs 800 crore in Chennai's Mahindra World City

Ample Parks will develop 15-17 projects across Tier-I and Tier-II cities such as Mumbai, Pune, Bengaluru, NCR, Lucknow, Guwahati, Nagpur, and Ahmedabad over the next five to seven years

Rajasthan govt to hold road shows ahead of investment summit in Jaipur

The previous Ashok Gehlot government organised a similar programme in 2022 - Invest Rajasthan 2022 Summit - in Jaipur on October 7-8

Sebi to relax norms for registered investment advisors, research analysts

According to industry estimates there are more than 1,300 RIAs but only 300 of them are members of the association of RIAs

Filing belated ITR, balancing investment risk: Top personal finance stories

This week we write about how you can file tax returns after deadline and why investors must temper their market expectations

Strategic reforms can enhance India's appeal to global investors: GTRI

Strategic reforms are needed to enhance India's appeal to global investors as despite having huge potential, FDI data shows that the country has not fully capitalised on its opportunities, think tank GTRI said on Thursday. Suggesting a four-step plan, the Global Trade Research Initiative (GTRI) said that measures which can help India position itself as a leading choice for foreign investors include reducing cost disadvantages for companies relocating to India, improving the Ease of Doing Business throughout the business lifecycle, and establishing a framework for evaluating investment proposals. India attracted USD 44.4 billion in FDI (foreign direct investment) in FY2024, which is only 1.1 per cent of its GDP. The country lagged significantly behind countries like China (USD 189.1 billion), Brazil (USD 86.1 billion) , Australia (USD 61.6 billion), and Canada (USD 52.6 billion) as noted in the World Development Report 2023, it said. It suggested that India must offer a more ...

Financial bids for IDBI Bank by FY25-end: DIPAM Secy Tuhin Kanta Pandey

He said that the government is more for a calibrated strategy rather than setting a big-bang target

UP's arid Bundelkhand turns investment hub with projects worth Rs 8,000 cr

The Bundelkhand region in UP comprises seven districts - Chitrakoot, Banda, Jhansi, Jalaun, Hamirpur, Mahoba and Lalitpur

No significant impact of removal of indexation benefit, say realty players

High-end properties may see some drop in demand, they add

Capital gains

Simplifying taxes will improve collection

The worrying trend in household savings

With the share of physical assets rising, the responsibility to free up resources to fund corporate capex shifts to the government

Around 200 registered investment advisors face risk of licence cancellation

Industry asks Sebi to ease entry barriers for investment advisors, reduce compliance burden

Fiscal balances improved despite rise in public investment: Eco Survey

The fiscal balances of the central and state governments taken together have improved progressively despite expansionary public investments, according to the Economic Survey 2023-24. Tax compliance gains driven by procedural reforms, expenditure restraint, and increasing digitisation helped India achieve this fine balance, according to the Economic Survey 2023-24, tabled in Parliament by Finance Minister Nirmala Sitharaman on Monday. The external balance has been pressured by subdued global demand for goods, but strong services exports largely counterbalanced this, it added. Noting that global output is now somewhat more resilient than in 2022, the pre-Budget document said inflationary pressures are shrinking, and trade is set to recover, should there be no further geo-political shocks or flare-ups. However, the survey noted that chances of geopolitical disturbances and conflicts have only gone up in recent times. The survey said India's calibrated response to the pandemic on the

TVS to invest 200 mn pounds in Norton Motorcycles; India launch on plan

The Solihull, UK-based company seeks to expand in the US, Germany, France, Italy, and India, TVS said