Page 44 - Investment

Floating-rate funds: Market experts call for wait-and-watch approach

Investors should take the change of stance as a cue to exit

India reinforces status as preferred investment destination at Davos: Govt

The Commerce and Industry Ministry on Tuesday said India is reinforcing its status as a resilient global economy and a preferred investment destination at the World Economic Forum in Davos. India's presence is marked by securing four distinct spaces at WEF, each dedicated to showcasing the India opportunity and its growth story to global investors, it added. The four spaces are - India Engagement Centre, Experience India Centre, India Investment Centre, and We Lead Lounge, the ministry said in a statement. The India Investment Centre, it said, will serve as the centre for Government-to-Business (G2B) and Business-to-Business (B2B) networking, hosting roundtables and sessions. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh is participating in the meeting. "At WEF, a total of 21 sessions will be held over the span of 5 days. India will be showcasing its opportunity and opening doors for discussion on manufacturing, technology, ...

Where to invest money in India? Top 5 investment options in 2024

Are you planning to invest in 2024 to protect yourself when the world is facing a recession? If yes, here are the top 5 investment options in 2024

Sebi mulls liquidation flexibility for AIF, VCFs to deal with beyond tenure

Capital markets regulator Sebi on Monday proposed to provide flexibility to Alternative Investment Funds (AIFs), Venture Capital Funds (VCFs) and their investors to deal with unliquidated investments of their schemes beyond expiry of tenure. In its consultation paper, the regulator suggested that instead of launching a new liquidation scheme by AIFs, the same scheme itself can be allowed to continue with the unliquidated investments beyond their tenure for a certain period or dissolution period for fully liquidating their unliquidated investments. Additionally, the regulator proposed extending flexibility of the dissolution process to venture capital funds through migration to the AIF regime. At present, the option to launch liquidation scheme is available only to those schemes of AIFs which are under 'Liquidation Period'-- the period of one year following the expiry of tenure of the scheme for fully liquidating the scheme and not available to VCFs, irrespective of whether their ..

Corporates mop up record Rs 9.58 trillion from market in 2023: Report

India Inc mopped up a record Rs 9.58 lakh crore from the market in 2023, registering an increase of 26 per cent from the year-ago period, according to market data. In 2022, fund mobilisation through corporate bonds on private placement basis stood at Rs 7.58 lakh crore, according to the data collated by Primedatabase. In terms of volume, Primedatabase said, adding there were as many as 920 issuers in 2023, which was 863 in the previous year. The data include both listed and unlisted debt which have tenor and put/call option of above 365 days. Pranav Haldea, the managing director of Primedatabase, attributed the surge to higher credit demand and liquidity constraints in the banking system. The highest mobilisation was made by the financial institutions and banks mopping up Rs 4.72 lakh crore, 29 per cent more than Rs 3.66 lakh crore raised in 2022. Also, the private sector mobilized 40 per cent more at Rs 4.45 lakh crore, compared to Rs 3.18 lakh crore in 2022, he said, adding ...

Jai Balaji to invest Rs 1,000 crore to boost Durgapur plant capacity

The company, which was once financially stressed, is looking to fund the expansion through internal accruals

CCI okays Manipal Health Enterprises stake sale to Abu Dhabi investment arm

Fair trade regulator Competition Commission of India (CCI) on Monday cleared Seventy Second Investment Company's proposed stake acquisition in Manipal Health Enterprises. The deal has been approved under the green channel route. Manipal Health Enterprises operates a network of hospitals providing multi-specialty care. It has a presence through 27 hospitals in 14 cities in the country. The combination relates to Seventy Second Investment Company proposal to acquire an equity stake in Manipal Health Enterprises Pvt Ltd, CCI said. Seventy Second Investment Company is an investment entity, wholly-owned by the investment vehicle of the Government of Abu Dhabi and is incorporated in the Emirate of Abu Dhabi, United Arab Emirates. "The activities of the parties (including their affiliates) do not exhibit any horizontal, vertical, or complementary overlaps in any of the plausible relevant markets," the competition watchdog said in its notice. Therefore, the proposed combination is being

Govt to pump Rs 200 cr to explore, develop five lithium blocks in Argentia

India will pump in about Rs 200 crore to explore and develop five lithium mines in Argentia, the government said on Monday. Lithium is the single most important critical mineral for the energy transition; a fundamental component of lithium-ion batteries, which power electric vehicles and battery energy storage systems. An agreement was signed between Khanij Bidesh India Ltd (KABIL), state-owned joint venture formed to scout for minerals overseas, and Catamarca Minera Y Energtica Sociedad Del Estado (CAMYEN), a government-owned mining and energy corporation in the Catamarca province of Argentina to this effect. KABIL is also preparing to set up a branch office at Catamarca, Argentina. The project cost is about Rs 200 crore. "KABIL will start exploration and development of 5 lithium brine blocks viz 1. Cortadera-I, 2. Cortadera-VII, 3. Cortadera-VIII, 4. Cateo-2022- 01810132 and 5. Cortadera-VI covering an area of about 15,703 Hectare, located in the Catamarca province of Argentina,

Former Credit Suisse wealth executive Sandipan Roy joins Motilal Oswal

Sandipan Roy will be chief investment officer for the private wealth business, reporting to Ashish Shanker who heads the unit, according to a spokesperson for Motilal Oswal

Rs 16.93 trn investment in power, RE since 2014, Rs 17.05 trn in pipeline

A whopping investment of Rs 17.05 lakh crore is in the pipeline in power and renewable energy sector, which has attracted around 16.93 lakh crore of investment since 2014, Union minister R K Singh said on Monday. As much as 80 GW of thermal power generation capacity is under construction which we will have by 2030, Singh told reporters, adding that about 99 GW of renewable energy is under construction, at present. Briefing reporters on new rules called Electricity (Amendment) Rules 2024, Singh said that as much as Rs 16.93 lakh crore has been invested in power and renewable energy sectors so far. The Rs 16.93 lakh crore investment includes Rs 11.2 lakh crore in sectors like generation, distribution and transmission while Rs 5.73 lakh crore in the renewable energy sector, the minister explained. He further stated that an investment of Rs 17.05 lakh crore is in the pipeline in the power and renewable energy sectors. The minister said that Rs 7.4 lakh crore would be invested in the

HDFC Life Q3 FY24 results: Net profit rises 16.6% to Rs 368 crore

The investment income rose by 130.7 per cent Y-o-Y to Rs 11,372 crore, from Rs 4,929.8 crore a year ago

3 MoUs in semiconductor sector on day 2 of Vibrant Gujarat Summit

Three memorandums of understanding (MoUs) were signed in the semiconductor sector on the second day of the 10th Vibrant Gujarat Global Summit here on Thursday, one of them with South Korean firm Simmtech which committed an investment of Rs 1,250 crore in Gujarat for printed circuit board (PCB) manufacturing, an official said. The other two pacts were business-to-business collaborations involving four different companies, including corporate giants like ArcelorMittal Nippon Steel, Micron Technology and Cisco, he said. A slew of other agreements in various sectors were also finalised on the second day of the three-day summit. Five MoUs were inked in the port sector with the Gujarat Maritime Board (GMB) finalising agreements with the Indian Navy and the Indian Coast Guard in areas of jetties and infrastructure development, with investment proposal of Rs 800 crore and Rs 174 crore, respectively, said Vice-Chairman and Managing Director of Gujarat Industrial Development Corporation ...

Vibrant Gujarat Summit: Shipping min signs pacts for Rs 30k cr investments

The Ministry of Ports, Shipping, and Waterways (MoPSW) on Thursday said it has signed initial agreements for investments worth Rs 30,000 crore during the Vibrant Gujarat Global Summit 2024. In a statement, the ministry said during the event APM Terminals and Jawaharlal Nehru Port Authority (JNPA) signed Memorandum of Understanding (MoUs) worth Rs 20,000 crore, expressing their intent to invest in the Vadhavan Port Project. The proposed Vadhavan port in Maharashtra is a high-priority initiative for the government, the port is designed to handle an annual cargo capacity of 23 million TEUs (twenty-foot equivalent units) or 254 million tons, boasting a natural draft of 20 meters to accommodate larger container vessels of up to 20,000 TEUs. Once completed, the project will rank among the world's top 10 largest ports and serve as a significant green fuel hub, the statement said. According to a statement, a memorandum of understanding between Deendayal Port Authority (DPA), Kandla and ...

UltraTech Cement to acquire 26% in Amplus Ages by investing Rs 49 crore

Leading cement maker UltraTech Cement on Thursday announced the acquisition of 26 per cent stake in Amplus Ages by investing Rs 49 crore. Amplus Ages is engaged in the generation and transmission of renewable energy. UltraTech Cement has entered into a share subscription and shareholders' agreement to acquire 26 per cent equity shares of Amplus Ages Pvt Ltd, the Aditya Birla Group firm said in a regulatory filing. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws," it said. The acquisition is expected to be completed within 180 days from the execution of the electricity offtake agreement and share subscription and shareholders agreement, it added.

ENGIE plans to invest Rs 17,200 cr to set up renewable projects in Gujarat

Pune-based ENGIE plans to invest Rs 17,200 crore for the development of 2.5 GW of renewable energy projects in Gujarat. The company has signed a MoU with the Gujarat government in this regard at the ongoing 10th edition of Vibrant Gujarat Global Summit 2024 in Gandhinagar. These proposed projects are in addition to the ongoing development of a 400 MW solar project at Surendernagar in Gujarat, ENGIE said in a statement on Thursday. "This MoU signifies an investment of Rs 17,200 crore along with creating 14,000 new jobs, reflecting ENGIE India's commitment to contributing to the region's socio-economic development," the company said. Amit Jain, Country Manager, ENGIE India, said, "Through this cooperation with the government of Gujarat, our goal is to play a significant role in advancing the state's renewable energy sector and thereby making substantial contributions to India's overarching clean energy objectives." The company is mainly into renewable power generation.

Global Investors Meet 2024: GHCL Textiles to invest Rs 535 cr in Tamil Nadu

The MoU was signed in the presence of Chief Minister M K Stalin, senior ministers, and officials of the Government of Tamil Nadu

India-Japan Fund to invest Rs 400 crore in Mahindra & Mahindra's unit

Mahindra & Mahindra on Thursday said India-Japan Fund will invest Rs 400 crore in its unit Mahindra Last Mile Mobility Ltd. India-Japan Fund (IJF) will invest Rs 400 crore at a valuation of up to Rs 6,600 crore, resulting in IJF's ownership ranging between 6.06 per cent and 8.25 per cent stake in Mahindra Last Mile Mobility Ltd (MLMML), Mahindra & Mahindra (M&M) said in a statement. The Mumbai-based automaker and IJF, a fund managed by National Investment and Infrastructure Fund Ltd (NIIF), have executed a binding agreement in this regard, it added. MLMML houses the automaker's last-mile mobility business, including three-wheelers (Alfa, Treo, Zor) and four-wheeler SCV (Jeeto) brands. "The robustness of our business model has attracted marquee investors such as IFC in the past and now IJF, which will help us move closer to our mission to be 'Planet Positive' by 2040," Mahindra Group's Group Chief Executive Officer and Managing Director Anish Shah said. IJF is a Rs 4,900 ...

SSY: Invest for its high and tax-free return with zero credit risk

Only parents of a girl child who do not mind the long lock-in should go for it

Outgrowing Apple

India must approach its industrial policy with a lighter and practical, reform-oriented touch instead of trying to deal with individual companies like Apple or Tesla

Sundram Fasteners signs deal with Tamil Nadu for Rs 1,411 crore investment

The planned investment spans up to 2027-2028 and will be used for capacity expansion of existing products, including components for electric vehicles