Page 50 - Investment

Ashok Leyland plans to invest Rs 1,200 crore into Switch Mobility

In September 2023, Switch India launched its state-of-the-art e-LCVs

US invests $553 mn in Adani's Sri Lanka port to curb China's influence

The financing from International Development Finance Corp. for the deepwater West Container Terminal in Colombo is the US government agency's largest infrastructure investment in Asia

New investment demand likely to taper in second half of FY24: ICRA

The report also notes that as many as 628 projects with an anticipated completion cost of Rs 7.7 trillion are scheduled to be completed in H2 FY24

TVS ILP announces strategic partnership with Lingotto via stake sale

TVS ILP has been the first corporate developer leading the path in Grade-A warehousing since its inception in 2005 with facilities across India

Savour the joys of delayed gratification

Practise Pay Now Buy Later (PNBL). Invest a few thousand rupees each month and buy the item by redeeming your investments upon reaching the required amount

Spreading the risk: India's MFs are now invested in nearly 1,000 companies

AUM rose to Rs 48 trn in September, with over half of the money invested in equity funds

Biden will host Americas summit that focuses on supply chains, investment

President Joe Biden is gathering leaders from countries across the Americas on Friday in the US capital to discuss the tightening of supply chains and addressing migration issues. In a preview of the first Americas Partnership for Economic Prosperity Leaders' Summit, White House National Security Council spokesman John Kirby told reporters Thursday that the two-day event would be a once in a generation opportunity to shift more of the global supply chains to the Western Hemisphere. Kirby said the summit would also involve the shared migration challenge and the building of meaningful economic opportunity among the countries in the region. Friday's event was announced last year at the Summit of the Americas in Los Angeles. The focus on trade comes as competition has intensified between the United States and China, the world's two largest economies. Biden has provided government incentives to build US infrastructure and for companies to construct new factories. But after the pandemic .

India becoming favoured destination for FDI in infrastructure sector: Govt

Financial Services Secretary Vivek Joshi has said that India is becoming a favoured destination for Foreign Direct Investment (FDI) in the infrastructure sector as government has taken many supportive measures. Speaking at an event organised by the India Infrastructure Finance Company Ltd (IIFCL) in London, Joshi said flagship initiatives like the National Infrastructure Pipeline, Gati Shakti, Sagarmala, Bharatmala, UDAN and Maritime India Vision 2030, among others, have created a lot of opportunities in the infrastructure sector. The event, organised by IIFCL on October 30, saw participation of investors and other stakeholders from India and the UK. They also discussed potential avenues of investment in India's rapidly growing infrastructure sector. IIFCL Managing Director P R Jaishankar said the company is driving the government' goals for a robust all-round infrastructure development in the country covering all sub-sectors, including road, railways, energy (including renewable ..

Abu Dhabi considering investment pledges worth $50 billion for India

Provisional pledges from the UAE could be announced early next year, people familiar with the matter said, asking not to be named as the information is not public

PM Gati Shakti: 4 projects worth Rs 23,500 crore recommended for approval

Four infrastructure projects of roads and railways worth Rs 23,500 crore have been recommended for approval under the PM Gati Shakti initiative. These projects were assessed in the 58th Network Planning Group (NPG) meeting on October 17. "Road and railway projects for multimodal connectivity with project cost of more than Rs 23,500 crore were discussed in the NPG," the commerce and industry ministry said in a statement on Wednesday. The meeting was chaired by Special Secretary (Logistics), Department for Promotion of Industry and Internal Trade (DPIIT), Sumita Dawra. She requested the ministries to incorporate the area development planning approach in project planning and have the interactions with states, which should ensure identification of infrastructural gaps and promote integrated planning. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts, and comprehensive development in and around the project

Neogen Chemicals to raise Rs 253 cr through issue of preferential shares

Neogen Chemicals will raise Rs 253 crore through an issue of preferential shares to investors to expand business. In a regulatory filing on Wednesday, the company informed that the Board of Directors considered and approved the allotment of 14,42,358 equity shares of face value of Rs 10 each at a price of Rs 1754.07 per share, aggregating up to Rs 252.99 crore on a preferential basis. SBI Large and Midcap Fund, SBI Contra Fund, SBI Equity Savings Fund, Quant Small Cap Fund, TATA India Tax Saving Fund, India Acorn Fund Ltd, Ashoka India Equity Investment Trust PLC, Invesco India Small Cap Fund and Alchemy Long term Ventures Fund have been allotted these preference shares. The equity shares allotted by the company to these investors will be listed on the stock exchanges. "The company is in the business of manufacturing specialty Chemicals. The Company anticipates growth opportunities in its existing organic/ inorganic business and continues to evaluate various avenues for growth and

Alternative assets surged twice as fast as mutual funds in 5-yrs: Report

The country's alternative investment industry, comprising Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), has witnessed remarkable growth in the last five years, outpacing traditional mutual funds, the latest revealed data by PMS Bazaar on Wednesday. Over the past five years (from June FY19 to June FY24), the alternative investment industry has witnessed a Compound Annual Growth Rate (CAGR) of 26 per cent, with assets under management (AUM) reaching Rs 13.74 lakh crore as of June FY24, according to the data. This growth rate is more than double that of the mutual fund industry, which recorded a CAGR of 13 per cent with an AUM of Rs 46.63 lakh crore as of August 2023. The PMS Bazaar said that the surge in the alternative investment industry could be attributed to several factors such as rising income levels that have broadened accessibility to alternative investments, catering to a diverse range of High-Net-Worth Individuals (HNIs) and Ultra-High-Net-Wort

Sebi provides option for InVITs to meet public unitholding requirement

Markets regulator Sebi on Tuesday said privately placed Infrastructure Investment Trusts (InvITs) will be allowed to issue units through the preferential allotment route to achieve the minimum public unitholding requirement. In a circular, Sebi said it is providing an additional method for privately placed InvITs to achieve the minimum public unitholding requirement. Now, these entities can issue units through the preferential allotment route in this regard. This will be subject to the condition that "only units issued to the public shall be considered for compliance with minimum unitholding requirement," the circular said. Besides, certain changes have been made to the master circular, issued in July this year, with respect to InvITs.

Vridhi Home Finance secures Rs 150 crore led by Elevation Capital

The company said it is committed to expanding credit access to semi-urban and rural areas of Bharat that have historically had limited exposure to formal credit services

Aequs raises Rs 448 cr in funding round led by Singapore's Amansa Capital

Aequs, which operates a precision manufacturing platform in aerospace and other verticals, will use the growth capital to launch a new Advanced Technology Products (ATP) vertical

NITI Aayog's Vision 2047 for $30 trn economy may be ready by December

These goals include a per capita gross domestic product (GDP) of $17,590, $8.67 trillion of exports, and Rs 1,273 trillion of investments by 2047

Odisha to spend Rs 2,000 cr to create disaster-resilient infrastructure

Odisha Chief Minister Naveen Patnaik on Sunday said his government has decided to spend more than Rs 2,000 crore to create disaster-resilient infrastructure in various parts of the state. Addressing a gathering virtually at a function at Rabindra Mandap here on the occasion of Odisha Disaster Preparedness Day 2023, he said the government was giving priority to resilient infrastructure and state-wide risk mapping would be undertaken for various disasters. Today, we assemble here to deliberate on our disaster preparedness. We remember the valuable human lives lost during the super cyclone 1999. Since then, we have made significant strides in making Odisha safer during disasters. Today, we are a model for other states and countries to follow, Patnaik said. Noting that the state's efforts for effective disaster management have received wide acclaim, the chief minister said Odisha has been bestowed with the prestigious 'Nataji Subash Chandra Bose Apadaa Prabandhan Puraskar' for 2023 by

J&K receives investment proposal worth Rs 86,000 crore: LG Manoj Sinha

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday said the Union Territory has received investment proposals worth Rs 86,000 crore as the region has emerged as a favourite destination for investors in the country and abroad. "Investment proposals to the tune of Rs 86,000 crore have come to the Industries and Commerce Department. People from within the country and outside are considering J&K as a favourite investment destination," Sinha said while addressing a function at the Industrial Complex at Lassipora, 35 kilometres from Srinagar. Sinha, who inaugurated 12 controlled atmosphere stores here, said the government was working to ensure that these investment proposals are translated into tangible projects for the development and prosperity of the people of Jammu and Kashmir. "We are working to bring these proposals to the ground level, but there can be no development without peace. While security forces will do their job, people will have to raise their voices against ...

FPIs pull Rs 20,300 cr from equities in Oct; invests Rs 6,080 cr in debt

Foreign Portfolio Investors (FPIs) have pulled out over Rs 20,300 crore from Indian equities this month so far, primarily due to a sharp surge in the US treasury yield, and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused Rs 6,080 crore into the debt market during the period under review, data with the depositories showed. Going ahead, the future of FPI flows hinges on several factors, including the US Federal Reserve's November 2 meeting and global economic developments, Mayank Mehraa, smallcase manager and principal partner at Craving Alpha, said. In the short term, FPIs are expected to remain cautious amid global uncertainty and increasing US interest rates. Nonetheless, India's strong economic growth prospects should maintain its appeal for foreign investors in both equities and debt, he added. According to the data with the depositories, Foreign Portfoli

Ola Electric in 'giga' drive: Rs 3,200 crore to fund its EV business

The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion