Page 53 - Investment

Mukesh Ambani's Reliance Retail Ventures to raise $598 million from ADIA

The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing

Saint-Gobain India investing Rs 3,400 cr in Tamil Nadu across different biz

Saint-Gobain India, a leading glass maker and a player in the housing solutions business on Friday said it is investing Rs 3,400 crore in Tamil Nadu across different businesses. This is part of the Rs 8,000 crore investment, which Saint-Gobain has committed for Tamil Nadu over the next 4-5 years. This includes a series of green and brownfield investments in several manufacturing sectors in the state. "We are investing Rs 3,400 crore across different businesses -- glass wool, gypsum plasterboard, plaster, acoustic ceiling, float glass, solar glass, adhesives, sealants, mortars and ceramics in our next phase of expansion in Tamil Nadu," B Santhanam, CEO, Asia Pacific and India region and Chairman, Saint-Gobain India, said. The announcement was made after Saint-Gobain Global Board represented by Chairman Pierre-Andre de Chalendar, and CEO Benoit Bazin met Tamil Nadu Chief Minister M K Stalin and state government officials. Saint-Gobain India is a subsidiary of French glassmaker ...

EAM Jaishankar discusses trade, investments with Maltese counterpart

External Affairs Minister (EAM) S Jaishankar on Friday welcomed his Maltese counterpart, Ian Borg, to the national capital and the two held discussions on India's increasing trade and commerce and investments in the Mediterranean region."Pleased to welcome FM @MinisterIanBorg of Malta this afternoon in New Delhi. Our talks covered India's increasing trade & commerce, investments and people to people ties with the Mediterranean," posted Jaishankar on the social media platform, X.The official spokesperson for the Ministry of External Affairs, Arindam Bagchi, extended his welcome to the Maltese minister upon his arrival on Friday morning. Bagchi said Borg's visit will strengthen the bilateral relationship between India and Malta, as well as multilateral ties.Taking to his social media platform X, he posted, "Warm welcome to FM @MinisterIanBorg of Malta to India. The visit will further strengthen our bilateral and multilateral ties."Meanwhile, the EAM also stated that he discussed ..

Piyush Goyal to co-chair 11th India-UAE high-level joint task force meeting

The UAE delegation will be led by Sheikh Hamed bin Zayed Al Nahyan, a Member of the Executive Council of the Emirate of Abu Dhabi

3F Oil Palm signs Rs 550 crore pact with Andhra for plantation, processing

Palm oil company 3F Oil Palm on Wednesday said it has inked an agreement with the Andhra Pradesh government to invest Rs 550 crore over next five years for oil palm plantation, development and processing. Under the Memorandum of Understanding (MoU), 3F Oil Palm will develop nursery, crop maintenance facility, farmer services, fresh fruit bunches (FFB) collection and handling, research and development facilities, and a greenfield integrated palm oil processing complex in Ayyavaram village, Nallajerla Mandal, East Godavari, the company said in a statement. The company has also been allotted an additional 24 zones in the five districts of Tirupati, Chittoor, Guntur, Nandyal and Krishna with a potential area of over 1,00,000 hectares, it added. "We are enthusiastic to embark on this transformative journey with the farmers of Andhra Pradesh. Our milestone investment of Rs 550 crore not only signifies our confidence in the potential of the region but also our commitment to sustainable and

Reliance Retail Ventures plans another stake sale of $250-300 million

The funds divested in Reliance Retail amount to 11.31 per cent of the stake, for which investors have forked out Rs 57,562 crore

IOC to invest over Rs 2,600 crore to set up greenfield units in northeast

Indian Oil Corporation has firmed up plans to pump in over Rs 2,600 crore in setting up several greenfield units and expanding its facilities across the northeast over the next few years, a senior company official said. The board of IOC has already approved various new projects, while some are in the process of getting the nod, with the leading energy firm in talks with the local governments in Meghalaya, Mizoram and Manipur to finalise land parcels for the greenfield units. "Northeast is one of the most important regions for Indian Oil and much focus is given here by the top management. We have planned to augment our operations by enhancing refining as well as petroleum, oil and lubricant (POL) storage capacities," IOC Executive Director (Indian Oil-AOD) Ganesan Ramesh told PTI in an interview. The company is at present carrying out nearly a dozen projects, both greenfield and brownfield, across the region, entailing a total investment of Rs 2,612 crore, he said. "We have a major

Unauthorised trading calls land investment advisors in Sebi's net

The analysis has considered 918 RIAs and 5,330 investor complaints

Krypton may invest $100 mn to set up a fabrication unit in Karnataka

Krypton Solutions plans to invest in Bommasandra for a new PCB facility in Karnataka

RSOLEC to invest $300 million into solar manufacturing venture in India

Renaissance Solar and Electronic Materials on Tuesday announced its solar manufacturing venture and a plan of USD 300 million investment in India. "Renaissance Solar and Electronic Materials (RSOLEC), an innovative solar enterprise with operations in India and the USA, today announced its official launch and establishment, accompanied by a significant planned investment of about USD 300 million," a company statement said. With global reach and expertise in differentiated solar and electronic materials manufacturing, RSOLEC is set to revolutionise the industry with a strategic focus on Solar Crystal Growth and Wafering, it stated. The launch of RSOLEC aligns with India's "Atmanirbhar Bharat" mission, showcasing the country's capabilities in the state-of-the-art solar value chain. The company's primary focus for the next five years will be on crystal growth and wafering in India, contributing significantly to the country's strategic solar manufacturing capacity, it stated. Over the

As households save less, India's growth story may not have happy ending

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Punjab has received over Rs 50,000 crore investments in 18 months: CM Mann

Punjab Chief Minister Bhagwant Singh Mann Sunday said the state has received investments of more than Rs 50,000 crore in the past one-and-a-half years because of the concerted efforts of his government. Mann also said Punjab has complete communal harmony coupled with congenial atmosphere for industrial growth, which is giving impetus to its overall development and prosperity. The chief minister was addressing a gathering after laying the foundation stone of a Rs 138-crore cattle feed plant here which is to be set up by a Netherlands-based company, said an official statement. Farmers in Punjab and Haryana cultivating traditional crops are looking for ways to diversify their crops, or shift to horticulture, dairy, poultry, fishery, piggery and others for better earnings, said Mann. He said De Heus, an animal feed company, will set up the plant, adding that this is the first major investment by a Dutch company in Punjab. The Netherlands is known to be the second largest exporter of .

Luminous Power aims to double growth in next 4 years; to invest Rs 2,000 cr

Energy storage solutions company Luminous Power Technologies aims to double its growth in the next four years, and is looking at solar energy vertical as a major growth enabler, where it is investing substantially, CEO Preeti Bajaj said. Luminous Power, now completely owned by French engineering company Schneider Electric, has plans to invest around Rs 2,000 crore in capacity expansion of its existing plants, a solar greenfield project, research and development (R&D), digitisation, brand building and channel engagements. The company sees solar as a "growing market" and reach an "inflection" point in the next 2-3 years in terms of cost, as demand for clean energy sources is going to rise, where Luminous Power aims to be a leading company in this transformation journey here, she said. "Our vision is that solar will be a substantial part of our business," said Bajaj. With the rise in per capita income and increase in power consumption due to multiple appliances in urban households, ..

UK visit was successful, proposals worth Rs 12,500 cr signed: CM Dhami

He said that the way the Indian Diaspora welcomed him with Uttarakhandi customs and musical instruments at Heathrow Airport, was in itself a special experience

Sunak's wife Akshata Murty decides to liquidate investment venture in UK

British Prime Minister Rishi Sunak's wife Akshata Murty has decided to liquidate her investment company Catamaran Ventures UK Ltd, according to official company filings with the UK's Companies House this week. The 43-year-old businesswoman had incorporated the venture in 2013 with her husband as one of the directors, before he resigned in 2015. According to the latest financial statement for the year ended December 2022 available for the company on Wednesday, Murty as the only director of the firm has now decided to wind down her firm as a going concern. "During the year, the directors have decided to liquidate the Company, notes the Companies House filing statement. "Accordingly, the financial statements have been prepared on a basis other than going concern and no adjustments were necessary in these financial statements to reduce assets to their realisable values or to provide for liabilities arising from that decision, it reads. The value of the company's investments for the pe

MoUs for investments worth Rs 3,000 crore in Uttarakhand signed in UK

Agreements for investments worth Rs 3,000 crore in Uttarakhand were signed on Thursday, the third day of Chief Minister Pushkar Singh Dhami's current tour of the UK to invite investors. An MoU for investment worth Rs 2,000 crore was signed with Aager Technology and another for investment worth Rs 1,000 crore with Fira Barcelona, an official release here said. Aager Technology will invest in Lithium battery plants in the state. Fira Barcelona is an European group engaged in event management with expertise in organising world-class business fairs. Two MoUs were also signed with Ease My Trip to promote Uttarakhand internationally as a tourist destination. The chief minister also met around 250 entrepreneurs in Birmingham and extended an invitation to them to participate in the forthcoming Global Investors Summit to be held in Uttarakhand in December.

Supercross India plans to invest Rs 150 cr in 3yrs to create racing infra

Supercross India Pvt Ltd, the parent firm of CEAT Indian Supercross Racing League, on Thursday said it plans to invest Rs 150 crore in the next three years. The investment will be towards creating racing infrastructure, grassroots development and ensuring that world-class events across India are held in the next three years, the company said in a statement. "This financial commitment will empower us to implement state-of-the-art technologies and infrastructure, ensuring that our league stands head and shoulders above all other global Supercross events," Supercross India Pvt Ltd co-founder and Director Veer Patel said. CEAT Indian Supercross Racing League (ISRL) is gearing up for its first season, which is set to take place in December 2023, the statement said. Initially, it had planned to start the season in October but was pushed back due to a scheduling conflict with the ICC Cricket World Cup, it said, adding the first season of the league will have races at different venues, and

IFSCA forms panel to suggest steps for growth of fund management industry

Additionally, the committee is expected to advise IFSCA on new products or services, untoward market practices

SIG to invest 100 mn euro on Gujarat plant, expects to be in top 10 markets

Leading packaging solutions provider SIG expects India to be among the top ten markets globally and will invest around 100 million Euro (Rs 878.8 crore) to set up its first plant here, its CEO Samuel Sigrist said on Wednesday. The company, which entered into the Indian market in 2018, has witnessed a "phenomenal growth" here, and expects it to "play a very important role for us going forward", he added. It is quite encouraged by the growth of the beverage industry in India, coupled with factors like the growing economy, income of the people and packed food consumption, he said. When asked whether India would figure in its top 10 markets in mid-terms (around 5 years) Sigrist said: "Easily. Our five-year CAGR for the packaged dairy business is in kind of the high teens, around 15-17 per cent". "We normally outgrow the market. We are the new entrant and the growth opportunity here is amazing. India will, over time, become a very, very sizable market price set. We are super excited,"

Clash between India and Canada threatens to hurt trade, investment

A proposed early-stage trade deal is in jeopardy, potentially hurting India's efforts to woo the West and serve as a supply-chain alternative to China