Page 40 - Investment

Messe Stuttgart expects deals worth $500 million at LogiMAT India

Business deals worth USD 500 million (around Rs 4,148 crore) are expected to be sealed at the three-day international logistics fair international logistics fair, LogiMAT India 2024, which started on Wednesday, organiser Messe Stuttgart India said. The LogiMAT India, a satellite show of the globally renowned LogiMAT Stuttgart, is aimed at transforming the landscape of the Indian logistics industry, a statement said. A staggering USD 500 million deals or transactions are expected at LogiMAT India, showcasing the robust business environment and potential for growth within the logistics sector, the statement said. India's logistics sector, employing nearly 22 million people and valued at USD 215 billion, plays a crucial role in the nation's economy. Positioned strategically, the LogiMAT India aligns with initiatives such as the National Logistics Policy and GatiShakti, aiming to enhance efficiency and reduce logistics costs. By bringing together the industry under one roof, LogiMAT

Abu Dhabi's $238 bn International Holding adds AI-powered observer to board

The virtual entity - Aiden Insight - will take an observer seat on the board of IHC, which is the largest listed firm in the United Arab Emirates

Angel funds approach Sebi, raise the issue of high depository fees

AIFs are pooled investment vehicles that cater to high-networth investors and institutions

Circumventions of rules industry-wide problem in AIFs: Sebi member Narayan

Narayan stressed that the capital markets regulator wants to learn from the industry and work in close collaboration with it to frame the rules going ahead

GPT Healthcare IPO receives 8.5 times subscription on final day of bidding

The initial share-sale of GPT Healthcare Ltd, which operates and manages mid-sized multi specialty hospitals under the ILS Hospitals brand, was subscribed 8.52 times on the final day of the offer on Monday. The Initial Public Offering (IPO) of GPT Healthcare received 16,84,27,600 bids against 1,97,63,327 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) got subscribed 17.30 times, while the quota for Non-Institutional Investors received 11.02 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 2.44 times. On February 21, GPT Healthcare Ltd said it has collected Rs 157.54 crore from anchor investors. The Rs 525 crore IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II. BanyanTree, which holds 2.6 crore shares, or 32.64 per cent stake, in Kolkata-based GPT Healthcare, is

Fundraising via QIPs gain traction as India Inc looks for growth capital

Supportive markets, robust growth outlook ensure adequate demand for new paper supply

Blume Ventures invests $10 million in edtech firm Interview Kickstart

This is Blume Ventures' largest opening investment to date and is a clear vote of confidence in Interview Kickstart's vision, market leadership, and demonstrated profitable growth, the company said

Adani Group unveils defence complex, $362 million investment plan

The plans highlight the ports-to-power conglomerate's ambitions in the lucrative defence sector where manufacturing is largely dominated by government-owned companies

Sebi cautions against fraudulent trading platforms offering FPI route

Capital markets regulator Sebi on Monday cautioned investors against fraudulent trading platforms, claiming to facilitate stock market access to Indians through Foreign Portfolio Investors (FPIs) route. Sebi noted that fraudsters are enticing victims through online trading courses, seminars, and mentorship programs in the stock market, leveraging social media platforms such as WhatsApp or Telegram, as well as live broadcasts. Posing as employees or affiliates of Sebi-registered FPIs, they coax individuals into downloading applications that purportedly allow them to purchase shares, subscribe to IPOs, and enjoy "institutional account benefits"-- all without the need for an official trading or demat account, Sebi said adding that these operations often use mobile numbers registered under false names to orchestrate their schemes. The cautionary statement came after Sebi received a number of complaints regarding fraudulent trading platforms, which falsely claimed affiliation with FPIs a

SBL Energy raises Rs 325 crore equity funding from Synergy Capital, others

Raipur-based SBL Energy -- a mining/industrial explosives manufacturer -- on Monday said it has raised Rs 325 crore of growth capital from Synergy Capital, India SME Investments and a few others. The company said it will deploy the funds to expand its manufacturing capacity and launch new products. Another investor is equity market player Mukul Agrawal, the statement said, without giving a break-up of how much each of these investors chipped in with. SBL Energy -- the second largest industrial explosives manufactures in the country -- has been in operation for almost three decades and commands around 10 per cent market share, it said in a statement. While SBL caters to the mining and infrastructure sectors, it is also making inroads into the defence sector now, Sanjay Choudhari, a director at SBL, said.

Reasonable valuations, potential US rate cuts bode well for tech funds

Mitigate inherent volatility with limited exposure and a long horizon

Berkshire's days of eye-popping gains are over, says Warren Buffett

Berkshire Hathaway's cash pile grows to record $168 bn

Improving leasing trends to support and lay bricks of value for Reits

Grand Design: New SEZ rules and rising GCC leasing set to elevate occupancies and rentals, benefiting Reits and office-focused developers

Number of M&A deals in India falls 10% to 793 in 2023, says PwC report

However, the total disclosed deal value for M&A declined much steeper at 38 per cent during the year, according to the report titled 'Deals at a glance'

Punjab has secured Rs 70,000 cr investment so far: CM Bhagwant Mann

Punjab has secured investments worth Rs 70,000 crore so far and many big companies are keen to set up units in the state, Chief Minister Bhagwant Mann said on Saturday. He was addressing a gathering at 'Sarkaar Vpaar Milni' event organised to address issues faced by the trading community in the state. The initiative aims to secure the well-being of the trading community, marking a significant step towards restoring the pristine glory of the state and boosting its economic development, said Mann. Industry and trade serve as the backbone of every state's economy and should therefore be given a significant impetus, he added. Underlining the importance of revenue and employment generation in driving state development, Mann said he has visited major cities such as Mumbai, Chennai, to invite industrialists to establish ventures in Punjab. So far, investments worth Rs 70,000 crore have already been firmed up, with prominent companies expressing interest to invest in the state, Mann said.

Kalyani Steels signs MoU with Odisha govt to set up manufacturing unit

Kalyani Steel Ltd on Friday signed an MoU with the Odisha government to set up a manufacturing facility with an investment of Rs 11,750 crore. The project for manufacturing titanium metal, aerospace and automotive components and advanced speciality steel at Gajamara in Dhenkanal district will create 10,000 job opportunities, the company said in a statement. Chief Minister Naveen Patnaik said the collaboration will harness opportunities for the state to emerge as a high-skill job creator. By welcoming Kalyani Steels' project, including a titanium metal and alloy mill, an aerospace components facility, and an integrated automotive component unit, Odisha marks its grand entry into a highly advanced and precision manufacturing sector," he said. Patnaik also said the project is a "perfect match for our aspirations for creating an ecosystem conducive to new-age industries". The chief minister also said the project would catalyze the growth of micro, small and medium enterprises (MSMEs),

Roads and renewables: Global PE major KKR to raise infra bet in India

Major portion of $6.4 billion Asia-Pacific fund set to be routed to India

Angel One plans to raise Rs 2,000 cr to tap opportunities in fintech space

The stockbroker plans to move beyond equity and mutual funds and will offer distribution of credit and fixed-income products

India's water transformation: $250 bn investment fuels decade of progress

Minister Shekhawat revealed that Namami Gange has been acknowledged as one of the top 10 World Restoration Flagships by the UN Convention of Biodiversity conference COP15

Govt negotiates trade, investment agreements with open mind: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said India negotiates trade and investment agreements with fairness and open mind and takes care of interest of people. He also said countries that are negotiating Free Trade Agreements (FTAs) and investment pacts with India should keep in mind that New Delhi offers huge market to them in terms of demand and business opportunities. "I can assure you that India negotiates with fairness, with an open mind... India also takes care of its wider and larger interest in the long run," he said at the CII India-Europe conclave. FTAs, or Bilateral Investment Treaties (BITs), or agreements on geographical indications, will have to stand the test of fair, equitable, and balance agreements as the level of economic developments varies, he said. "We will have to respect the very different opportunities that are offered by India vis-a-vis the offer on the table from other countries," he said, adding that India is one of the fastest growing .