Page 47 - Investment

Blackstone transaction, improving outlook to support Embassy Office Parks

The world's largest alternative asset manager, through its investment companies, sold a 23.59 per cent stake in the company, leaving the Embassy group as the sole sponsor of the REIT

Nexzu Mobility plans to set up smart EV park in Gujarat worth Rs 5,000 cr

Atulya Mittal-founded electric mobility firm Nexzu Mobility has proposed to set up a smart EV Park in Gujarat and plans to invest Rs 5,000 crore in the project over the next 10 years, the company said on Thursday. Nexzu Mobility said it has signed an initial pact (MoU) with the state government for this purpose. It also said the work on the proposed project is set to begin next year once land has been allotted to the company. "Nexzu Mobility will invest Rs 5,000 crore over the next 10 years to set up the smart EV park in Gujarat, which is expected to generate employment for over 5,000 people," the company said in a statement. The proposed park will serve as hub, provide comprehensive solutions for Electric Vehicle (EV) companies, professionals, owners, and users by enabling an ecosystem in a concentrated area and infrastructure sharing, among others, it said. "With its focus on clean energy and mobility, high-tech manufacturing and innovation, Gujarat is a fantastic destination fo

Adani family plans $1 bn investment in conglomerate's green energy unit

Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals

Allocate 20-30% to long-duration debt funds, enter with 6 to 8 years period

Even when investing solely for capital gains, stay flexible and extend investment horizon if required

Investment funds managers face tougher rules on investor cash calls

Global regulators published tougher rules for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without need for emergency liquidity from central banks

Net FDI into India touches 21-month high at $5.9 billion in October

April-October 23 FDI declines to $10.4 bn

Paytm's billionaire founder-CEO bets on young wealth to hit profit sooner

Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who're warmer to the idea of investing online

Ambuja Cements to set up renewable energy unit for Rs 6,000 crore

Company to set up a 1,000 Mw renewable power unit; investment to encompass projects in Gujarat, Rajasthan

ANSR to set up about 25 large-scale global capability centres in India

"We are currently doing one every three weeks and we are looking at setting up one every two weeks next year… the large-scale GCCs are of companies with revenues of over $10 billion," Ahuja said

Year on year, Indian companies squeeze spending on research and development

The little money they have invested in a decade went into recurring expenses

Cipla invests Rs 42 crore in GoApptiv to enhance healthcare access

Cipla's move aligns with its vision to strengthen investments in channels and technologies

Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom

The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology

Time to review insurance cover; and buy art: Top personal finance stories

Our best stories this week explain how to review a key component of your financial portfolio and how to invest in art

Narayana Murthy cautions the public not to fall prey to deep fake videos

The videos have a deep fake voice of Murthy endorsing an investment platform Quantum AI that claimed to partner with Elon Musk

$340 million fundraise by Udaan signals pick-up in startup dealmaking

Led by M&G plc, Udaan's Series E funding includes Lightspeed Venture Partners and DST Global

Bihar business summit: MoUs signed for Rs 50,530 crore investment

Memorandums of Understanding (MoU) were signed between the Bihar government and eight companies on Wednesday for proposed investments of Rs 554.4 crore in textile and leather sectors in the eastern state. Speaking at the inaugural session of the two-day global investors' summit 'Bihar Business Connect-2023' here, Bihar industries minister Samir Kumar Mahaseth iterated the demand for the creation of Special Economic Zones (SEZs) in the state by the Centre, and assured the delegates that the Nitish Kumar government would provide all assistance to them for establishing industries. "With new policies, Bihar has changed. Join the new Bihar and enrich it. If industries grow in the state, the country will progress too. I once again request the Centre to create at least four SEZs in the state that will pave the way for fresh investment opportunities," he said. "There is no doubt that investors are coming to Bihar. An increase in investments would take Bihar to the list of top 10 states in .

Very Much Indian, Renowned Paithani Saree Company, Secures Strategic Lead investor from Bestvantage investments

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Hindalco plans Rs 800 cr investment to set up battery foil mfg unit

Aluminium producer Hindalco Industries on Tuesday announced its plan to set up a battery foil manufacturing facility at Sambalpur in Odisha with an investment of Rs 800 crore to tap the fast-expanding electric vehicle market. The facility, to be commissioned by July 2025, will initially produce 25,000 tonnes of the aluminium foil which forms the backbone of lithium-ion and sodium-ion cells, Hindalco Industries said. The company also plans to significantly expand its capacity of making fine-quality aluminium foil which is used in rechargeable batteries, Hindalco said in a statement. "Hindalco Industries is investing Rs 800 crore to build a new plant near Sambalpur in Odisha that will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells," the statement said. By 2030, demand for battery grade aluminium foil in India is expected to grow manifold to 40,000 tonnes, primarily driven by mushrooming growth in gigafactories for

Startup funding in 2023 lowest in 5 yrs as big-ticket deals dip: Report

Funding rounds of $100 million+ fall 69% compared to 2022; only two unicorns created after 23 last year

PM Modi asks investors to explore limitless potential of Uttarakhand

Prime Minister Narendra Modi on Friday asked investors to explore Uttarakhand's limitless potential in various sectors and convert them into opportunities. He was addressing a gathering after inaugurating the Uttarakhand Global Investors Summit at the Forest Research Institute here. Uttarakhand is a combination of divinity and development, the Prime Minister said. "Nature, culture, heritage - Uttarakhand has everything. You have to explore them and convert them into opportunities," Modi said. Recalling his earlier remark during a visit to Kedarnath that the third decade of the century belongs to Uttarakhand, he said the prediction is coming true. He also said the last ten years have seen the emergence of an aspirational India. Modi also launched the House of Himalayas brand to promote local products manufactured by women's self-help groups in the international markets. Congratulating the state government for the launch of the brand, Modi said it was in keeping with the concept o