Page 40 - Investment

Dharana Capital acquires shares worth Rs 400 crore in Urban Company

Dharana Capital founder Vamsi Duvvuri to join the board as Non-Executive Director

India locked into low investment cycle, needs liberalised approach: Cong

The Congress on Wednesday claimed that India has been locked into a cycle of low investment since 2014 due to a combination of "erratic policy, rampant cronyism, and the ED/IT/CBI raid raj", and asserted that the country needs a new liberalised approach to political economy. Ahead of the presentation of the Union Budget next week, Congress general secretary in charge of communications Jairam Ramesh said the single most important statistic that explains India's inability to grow faster since 2014 is the "sluggish investment rate". "India has been locked into a cycle of low investment since 2014, due to a combination of erratic policy, rampant cronyism, and the ED/IT/CBI raid raj," Ramesh said in a statement. Low investment drags down the medium and long-term GDP growth rates, which in turn drags down wages and consumption growth, he said. "The biggest component of investment - private domestic investment - has been in the doldrums since 2014. It was solidly in the 25-30% of GDP rang

Zee Entertainment Enterprises to raise $239 million through FCCB

The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share

Madhya Pradesh to hold regional industrial conclaves across the state

According to Madhya Pradesh Industrial Development Corporation (MPIDC) officials, after Jabalpur on July 20, RIC will be organised in Gwalior, Rewa, and Sagar

'Temasek's focus in India will be minority stakes, growth investing'

India now accounts for about 7% of Temasek's net portfolio value of S$389 billion ($289 billion), up from 4% in 2020, Shrivastav said.

IndusDC earmarks Rs 100 crore to co-build hard tech startups in India

The venture studio will identify technologies and lab stage ideas related to CO2 emission reduction primarily in the industrial and energy sector

Rajasthan investment summit: Trade body suggests measures for success

"We do not want this to happen again so we have suggested a few things to the state government to make the upcoming event successful," executive president of ARTIA, Prem Biyani said

Odisha govt approves 26 investment projects worth Rs 5,992.92 crore

The Odisha government on Wednesday approved 26 investment projects worth Rs 5,992.92 crore, which are expected to create employment for more than 19,000 persons, an official statement said. The State Level Single Window Clearance Authority (SLSWCA) led by Chief Secretary Manoj Ahuja has approved a series of projects across diverse sectors including steel, chemicals, renewable energy, textiles, manufacturing, packaging, food processing, IT, infrastructure, and tourism, it said. These projects will be implemented in 14 districts including Mayurbhanj, Sundargarh, Sambalpur, Kendujhar, Ganjam, Jagatsinghpur, Khurda, Jharsuguda, Boudh, Koraput, Balasore, Cuttack, Bhadrak, and Puri. According to the statement, the state government has approved the proposal of GM Iron and Steel Company Limited to establish a 0.23 million tonne per annum (MTPA) integrated steel plant along with downstream and upstream facilities and a 45 MW captive power plant in Mayurbhanj district with an investment of Rs

Indian sovereign bond inflows cool for second week amid index inclusion

Inflows into the so-called fully accessible route bonds, slowed to 35.9 billion rupees ($430 million) in the week through July 5, from 46.6 billion rupees in the previous week

Housing sales up 11% in FY24 in top 30 Tier-II cities: PropEquity

Rise in housing demand is not restricted to major cities as sales of residential properties rose 11 per cent last fiscal across 30 Tier II towns to nearly 2.08 lakh units, according to PropEquity. Real estate data analytic firm PropEquity on Friday released a report on Tier II cities' housing market. The data showed that housing sales increased 11 per cent to 2,07,896 units in 2023-24 as against 1,86,951 units in the preceding financial year. Top 10 Tier II cities -- Ahmedabad, Vadodara, Surat, Nashik, Gandhi Nagar, Jaipur, Nagpur, Bhubaneshwar, Visakhapatnam and Mohali-- contributed 80 per cent to the total sales in 30 small towns. These 10 cities together clocked sales of 1,68,998 residential units in 2023-24, up 11 per cent from 1,51,706 homes in 2022-23. The other 20 Tier II cities are Bhopal, Lucknow, Goa, Coimbatore, Raipur, Vijayawada, Indore, Kochi, Trivandrum, Mangalore, Guntur, Bhiwadi, Dehradun, Ludhiana, Chandigarh, Agra, Mysore, Sonepat, Panipat and Amritsar. Samir .

CJI highlights Sebi and SAT's importance in 'stable investment environment'

DY Chandrachud also emphasised that behind the effective functioning of our tribunals and courts, are the registrars, researchers and staff who keep the 'machinery well-oiled'

Wipro Consumer Care-Ventures leads investment round in snacks firm LetsTry

Founded in 2021 by Nitin Kalra, LetsTry offers premium quality snacks that resonate with the traditional tastes and preferences of Indian consumers

Franklin Templeton launches Franklin India Multi Cap Fund: Check details

Fund will maintain a minimum exposure of 25 per cent in each market cap category

India to see more bond investors move onshore as index weight rises

The Wall Street firm expects $20-$25 billion of inflows into Indian debt as a result of the index inclusion

Comeback in hospital space: KKR picks up 70% in BMH for Rs 2K crore

KKR's investment aims to support BMH's expansion plans to build a pan-India network of hospitals. This growth will be driven by both organic development and strategic acquisitions

Two in three women investors take decisions independently: Axis MF survey

The finding is based on data of 10 million Axis MF investors, 30 per cent of whom are women, the fund house stated

Emerging markets: The year's $321 bn bond spree is set to catch its breath

The amount of debt sold by government and corporate borrowers in developing markets has reached $321 billion in the busiest first-half since 2021

Private equity major Bain Capital to allocate 20% of Asia fund to India

Bain-owned Tyger Capital targets 4x growth in book to Rs 15,000 cr

CtrlS to invest Rs 2,200 cr at upcoming data centre campus in Kolkata

This will be the first Rated-4 data centre of East India, says the company

India Energy Storage Week to witness Rs 2,000 cr investment announcements

Investment commitments of more than Rs 2,000 crore are expected to be announced in energy storage, electric vehicle and green hydrogen sectors at the India Energy Storage Week 2024 in July, the India Energy Storage Alliance (IESA) said on Wednesday. The IESA is set to host its annual flagship international event, India Energy Storage Week (IESW) International Conference and Exhibition from July 1 to 5, 2024, in New Delhi, a statement said. The IESW 2024 will become the launch platform for multiple factory and Gigafactory announcements paving way to India's global manufacturing hub mission. A week ahead of the 10th edition of IESW, the IESA announced the potential investment of over Rs 2000 crore coming to India at IESW 2024, it stated. The IESW 2024 is expected to witness the participation of over 150 key partners and exhibitors and more than 1000 companies. The event will hold more than five new factory announcements. Singapore-headquartered VFlowTech has announced the launch of