Page 49 - Investment

India could miss planned divestment targets by more than half this year

In 2023/24, about Rs 30,000 crore of the Rs 51,000 crore target was expected through stake sales in IDBI Bank and the privatisation of state-owned NMDC Steel

Air compressor maker Elgi Equipments seeks $450 mn revenue by FY26

US market holding well because of the country's investments in infrastructure, says senior executive

WB receives investment proposals worth Rs 3.76 trillion: CM Mamata Banerjee

Addressing the valedictory session, Banerjee said that 188 memoranda of understanding (MoUs) and letters of intent (LoIs) had been signed

Private credit: The rise of a diverse capital solution

Private credit has the potential to serve a larger market need, supplant traditional and alternative pools of capital

India's startup world looks for lessons in Sam Altman ouster saga

Shortly after Altman was fired on November 17, veteran Indian entrepreneurs were quick to rebuke the OpenAI board's decision

Tamil Nadu to get Rs 50,000 cr investments in EV sector by 2025: Minister

EV policy supports state's 'clear vision' for sustainable growth, he says

Investment via participatory notes slip to Rs 1.26 trillion in Oct

Investments in the Indian capital markets through participatory notes (P-notes) dropped to Rs 1.26 lakh crore in October-end after rising for seven consecutive months. The latest data includes the value of participatory note investments in Indian equity, debt, and hybrid securities. Participatory notes (P-notes) are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. Before registering a decline in October, investments through P-notes have been increasing continuously since March, following the stable Indian economy against an uncertain global macro backdrop. According to the latest data from markets regulator Sebi, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 1,26,320 crore at the end of October compared to a six-year high of Rs 1,33,284 crore at ...

Keen to get external investment for EV arm Switch: Ashok Leyland MD

Hinduja Group flagship firm Ashok Leyland is keen to get external investments for its electric vehicle arm Switch Mobility but only from 'the right strategic partner', and it will not shy away from investing on its own till such an ally is found, according to its Managing Director and CEO Shenu Agarwal. While Switch India is likely to be cash neutral or cash positive going forward, on an operating level at least, for Switch UK some more investments may be required in FY25, with the European and UK markets still not going that strong, he told analysts. "We are very keen on getting external investments also, but we want to make sure that we have the right strategic partner with us. I mean, we do it at the right valuation. So right now, the focus is to get Switch into a very, very strong mode by developing products, by maturing our technology on both the bus side and the LCV side," Agarwal said. He was responding to a query on whether the current tough funding environment could delay .

FPIs turn buyers; invest Rs 1,433 cr in equities in November so far

After sustained selling in the last two and a half months, FPIs bought Indian equities worth Rs 1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing money during November 16-17, data with the depositories showed. "The ongoing festive season in India has been seen as a contributing factor to the renewed interest of FPIs in the Indian market. Alongside this, a decrease in US Treasury bond yields and a decline in crude oil prices alleviated some of the pressures that prompted the sell-off earlier," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Adviser India, said. Some intermittent corrections in the markets could have also provided buying opportunities in a few pockets, Srivastava added. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the .

Odisha govt's nod for 8 investment projects worth over Rs 1,397 crore

The Odisha government has approved eight projects with a total investment proposal of over Rs 1,397 crore in six districts, a statement said. These projects will generate employment opportunities for 2,860 people in the state. The State Level Single Window Clearance Authority on Friday gave its nod to eight proposals with a total investment of Rs 1397.18 crore, the statement said. The government has green-lighted the proposal of Sintex BAPL Ltd to set up a plastic pipes and tank manufacturing unit in Sambalpur district with an investment of Rs 479.47 crore. Hindalco Industries Ltd's plan to invest Rs 241.05 crore to build a white-fused alumina manufacturing unit in the same district got a go-ahead from the administration. The authority gave its nod to the proposal of HIL India to invest Rs 250 crore to set up a pipe manufacturing unit in Balasore. The state government also approved the proposals of Mega Flex Plastics Ltd (Rs 62.38 crore), Sandhu Tubes Pvt Ltd (Rs 99.54 crore), KA

Italy exits Moody's junk danger zone in big win for PM Giorgia Meloni

Her budget then sent the spread between bonds of Italy and Germany - a key measure of risk in the region - to 210 basis points for the first time since January

Mark Mobius joins hedge fund elite planning Dubai investing venture

The 87-year-old money manager said he's busier than ever as he looks to set up a new venture in Dubai

Kerala Tourism Investors Meet secures over Rs 15,000 cr in post-Covid boost

The Kerala government said on Friday that the first-ever Tourism Investors Meet (TIM) organised by it a day ago has significantly boosted the state government's travel and hospitality initiatives in the post-pandemic era. The event resulted in investment offers amounting to Rs 15,116.65 crore in the core sector. This includes a memorandum of understanding that Kerala Tourism signed with Tamara Leisure Experiences for a Rs 250-crore houseboat hotel project, which the Bengaluru-based hospitality group will execute in Alappuzha and Kannur districts, according to a Kerala Tourism release. TIM 2023 saw the participation of nearly 500 investors and entrepreneurs, including 46 startups and 118 investors from the Responsible Tourism sector. A total of 75 projects were presented, of which 52 were from the private sector. They contributed to the investment offers. Besides 23 projects proposed by the Tourism Department, 16 projects were mooted as public-private partnerships. "Together, the 39

India's loss, Vietnam's gain: Apple's Chinese vendor changes plan

Component maker redirects investment of $330 mn

FPI investment value in Indian equities rises 15% to $651 bn in Sep qtr

The value of foreign portfolio investors' holdings in domestic equities reached USD 651 billion in the three months ended September 2023, which was 15 per cent higher than the year-ago period, according to a Morningstar report. This could be attributed to the good performance of the domestic equity markets as well as strong net FPI inflows. According to the report, the value of FPIs' investments in Indian equities rose from USD 566 billion as of September 2022 to USD 651 billion at the end of September 2023. On a quarter-on-quarter basis, the value of such investment rose 4 per cent from USD 626 billion recorded in the three months ended June this year. Despite the growth, FPIs' contribution to Indian equity market capitalisation fell marginally during the quarter under review to 16.95 per cent from 17.33 per cent in the previous quarter. Picking up from the June quarter, foreign investors continued their buying spree in the Indian equity markets for the most part of the September

Why India's cricket league should turn down Saudi's $5 bn proposal

With its active support for expanding fossil fuel use, the Saudi government is wrong partner for the IPL and global cricket to achieve these goals

Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job

The board of the National Investment & Infrastructure Fund has recommended Aggarwal for the role of Chief Executive Officer, the people said, asking not to be identified as the information is private

Karnataka aims to attract Rs 40,000 cr, generate 80,000 jobs in new city

The new investment region will be spread over 2,000 acres within 60 km from Bengaluru and developed in a phased manner

Karnataka govt unveils revised draft EV policy, eyes Rs 50K cr investment

The Karnataka government on Friday unveiled a revised draft Electric Vehicle policy (2023-28) which aims to attract Rs 50,000 crore investment while creating a job potential for one lakh people over the next five years. "This proposed policy aims to transform Karnataka into a pioneering force in the field of electric mobility, embracing sustainable practices and equitable growth while fostering innovation and creating a robust ecosystem for EVs throughout the state," Minister for large and medium industries and infrastructure development, M B Patil, said on the occasion. Addressing an ideation session with representatives of EV industry, he said the government would soon convene a joint meeting of the ministers of finance, energy, transport, and urban development to iron out common issues before launching the final E-mobility policy. Responding to recommendations made by some of the EV industry players, Patil said that the government would develop model EV cities to promote EV ...

Funding assisted fertility; planning holiday: Top personal finance stories

Our best stories this week are what couples must know about the financial impact of IVF and places to go for a Diwali break