Page 8 - Investment

Google pledges £5 billion UK investment, unveils data centre near London

Google will invest £5 billion in the UK, opening a new data centre near London, creating jobs, backing clean energy plans, and giving a boost to PM Starmer's economic agenda

Proposed PM Mitra Park has attracted investments of over ₹20,000 cr: MP CM

Madhya Pradesh Chief Minister Mohan Yadav has said the proposed PM Mitra Park in Dhar district has already received investment proposals of more than Rs 20,000 crore from 114 leading textile companies. Prime Minister Narendra Modi is scheduled to lay the foundation stone of the country's first PM Mitra Park at Bhainsola village in Badnawar tehsil of Dhar on September 17, an official said on Monday. The chief minister, in a release on Sunday, said that the applications of 91 companies and units were approved, and it has been recommended to allot more than 1,294 acres of land. Investment proposals of more than Rs 20,000 crore have been received from the companies to which land has been allotted, and these will create more than 72,000 jobs, he said. The entire project is estimated to create three lakh jobs, and this is not just a number, but a change in the lives of lakhs of families, Yadav said. With these investments, the entire value chain of yarn, fabric and garment production wi

Brookfield in talks to buy Yes! Communities from GIC in $10 billion deal

Reuters could not immediately verify the report. Brookfield Asset Management, GIC and Yes! Communities did not immediately respond to Reuters' request for comment

Activewear maker TechnoSport to invest ₹200 cr to open 300 exclusive stores

TechnoSport, one of India's fastest-growing activewear brands, on Sunday said it will invest about Rs 200 crore to open 300 exclusive outlets across the country over the next two years, as part of its aggressive retail expansion, a company official said on Sunday. The company's promoters, who have roots in Kolkata, had so far relied on general trade. The decision to expand through exclusive brand outlets (EBOs) follows a 40 per cent compound annual growth rate (CAGR) since 2022, driven by traction in modern retail, e-commerce and brand stores. "We have opened our 21st exclusive brand outlet on Sunday, and that is in Kolkata. With this, we now have two stores in West Bengal. Our plan is to scale up to 300 stores nationwide over the next two years at an estimated capex of Rs 200 crore," TechnoSport CEO Pushpan Maity told PTI. He said that eastern India will account for around 30 per cent of the new stores, underscoring the brand's focus on the region. The company is also investing R

Real estate gets $80 bn institutional investments since 2010: Report

Indian real estate sector has attracted nearly USD 80 billion institutional investments in the last 15 years, with strong contribution from foreign investors at 57 per cent, according to CREDAI and Colliers. Realtors' apex body CREDAI and real estate consultant Colliers India on Thursday released a joint report 'Indian real estate: Fostering equity and fuelling economic growth'. The Confederation of Real Estate Developers' Associations of India (CREDAI), which has more than 13,000 members, is organising its annual event 'CREDAI NATCON' here. "The real estate sector in India has witnessed notable growth in institutional investments over the years. In the last 15 years, investment inflows have touched nearly USD 80 billion with strong capital from foreign players (57 per cent share)," the report said. CREDAI and Colliers noted that the share of domestic capital has also grown after the Covid pandemic. The institutional flow of funds includes investments by family offices, foreign ..

Jamshyd Godrej calls for deregulation, big reforms to boost investment

Jamshyd Godrej said India needs significant deregulation and more big reforms to drive capital expenditure, boost competitiveness and double its share in global trade

Sebi revises InvITs norms, minimum investment slashed to ₹25 lakh

Markets regulator Sebi has notified rules to reduce the minimum allotment lot in the primary market for privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh, aligning it with the trading lot size in the secondary market. Prior to this, the minimum allotment lot in the primary market for privately placed InvITs was Rs 1 crore or Rs 25 crore, depending on the asset mix. However, in an earlier round of reforms, the trading lot size in the secondary market had already been reduced to Rs 25 lakh, irrespective of the asset mix. Accordingly, this amendment introduces a uniform minimum allotment size of Rs 25 lakh in the primary market for all privately placed InvITs, harmonizing it with the secondary market norms. Also, the regulator, through separate notifications dated September 1, enhanced the ease of doing business for the activities of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) by amending rules. Under the norms, Sebi sai

Volkswagen in advanced talks with US for investment deal amid tariff woes

Chief Executive Oliver Blume hoped for a quick solution "because we need to take decisions right now for localising our business there," he said

Karnataka draws ₹12 trn in investments on robust economic climate: Study

Karnataka has attracted new investment proposals worth over Rs 12 lakh crore between financial years 2021-22 and 2024-25 due to the highly vibrant and progressive investment climate in the state, a study by the MSME Export Promotion Council has revealed. It said the investment climate in the state strongly supports robust foreign direct investment (FDI) along with strategic infrastructure projects, forward-looking policy frameworks, talent and innovation ecosystem. This has been revealed by a study on Investment, Development & Growth in Progressive Karnataka: 2021-22 to 2024-25 by the MSME Export Promotion Council, according to a release on Thursday. "During the said period, the new investment projects announced amounted to Rs 12,01,175 crore. Projects completed were worth Rs 1,40,476 crore, and pending projects valued at Rs 36,078 crore were revived during the period. Investment projects worth Rs 9,49,370 crore were under various stages of implementation. The data has been ...

JPMorgan to boost corporate banking presence in India on investment jump

JPMorgan, which counts India and Japan as its two fastest-growing Asian markets in terms of revenue from corporate banking, expects no let-up in growth despite US doubling tariffs on Indian imports

Amanta Healthcare IPO subscribed 19.60 times offer size on day 2 of offer

The initial public offer of Amanta Healthcare Ltd received 19.60 times subscription on the second day of bidding on Tuesday. The Rs 126-crore IPO got bids for 13,72,33,656 shares against 70,00,000 shares on offer, according to NSE data. The quota for non-institutional investors fetched 36.39 times subscription, while the category for retail individual investors (RIIs) subscribed 23.31 times. The Qualified Institutional Buyers (QIBs) portion received 53 per cent subscription. The company's initial public offering (IPO) has a fresh issue of up to 1 crore shares. The price range for the offer has been fixed at Rs 120-126 per share. The IPO will conclude on Wednesday. Beeline Capital Advisors is the book-running lead manager to the offer.

Mukand Sumi Special Steel to invest ₹2,345 cr in Karnataka greenfield plant

Mukand Sumi Special Steel on Monday said it will invest Rs 2,345 crore to set up a greenfield project in Kanakpura, Karnataka. Mukand Sumi Special Steel Limited (MSSSL) is a joint venture company between Japan's Sumitomo Corporation (49:51 per cent) and Jamnalal Sons Private Limited (Bajaj Group), which owns 51 per cent. "With this collaboration, MSSSL's productive potential will increase to 7,00,000 tonnes per annum, positioning it among India's pre-eminent special steel manufacturers," Mukand Sumi Special Steel said in a statement. The new facility, to be set up with an investment of Rs 2,345 crore, will produce special high-grade steel for automotives, railways, energy, oil & gas and bearings. The company will follow a zero liquid, solid, and gaseous discharge model, with over 95 per cent of energy needs met through renewables. "The new facility will allow us to serve growing demand with greater efficiency, quality, and environmental responsibility. It is a step forward in ...

Nuvoco Vistas to invest ₹200 cr to expand cement grinding capacity

Nuvoco Vistas Corp, the Nirma group's cement business, on Monday announced a Rs 200 crore investment to expand its grinding capacity by 4 MMTPA. The company, which is expanding its presence in Eastern India, will invest in a new cement grinding capacity through a new mill at the Arasmeta Cement Plant in Chhattisgarh, according to a statement from Nuvoco Vistas Corp. This will be complemented by a series of debottlenecking projects at Jojobera, Panagarh, and Odisha Cement Plants, it added. "Including a new mill, the company plans to add 4 MMTPA of grinding capacity through equipment upgrades, process improvements, and internal debottlenecking initiatives by the end of FY'27," it said. Following this, Nuvoco's cement capacity in the East will rise by over 20 per cent within the next one and a half years, increasing from 19 MMTPA (million tonnes per annum), it said. Commenting on the development, the company's Managing Director Jayakumar Krishnaswamy said: "With cement demand in Indi

Indian Oil plans ₹1.66 trn investment over 5 years for business growth

The investment will expand the company's core operations in oil refining and fuel marketing, along with ventures in petrochemicals, natural gas, and renewable energy

$67 bn in 10 years: Japan pledges long-term investment push in India

Modi-Ishiba talks yield 21 outcomes: From defence and critical minerals to high-speed rail and skill training

Datanomics: Higher investment needed to tread on 8% growth trajectory

India experienced its dream run of economic growth during 2003-10, barring 2008 when external shocks in the form of global financial crisis punctured India's high growth

Maharashtra signs ₹33,768 cr MoUs; industries to generate 33,000 jobs

Maharashtra Chief Minister Devendra Fadnavis on Friday said the state government has signed 17 memoranda of understanding (MoUs) with various companies, attracting investments worth Rs 33,768.89 crore that are expected to generate more than 33,000 jobs. The MoUs, signed in the presence of Fadnavis and Industries Minister Uday Samant, span diverse sectors including electronics, steel, solar energy, electric buses and trucks, and defence-related industries, which will come up in north Maharashtra, Pune, Vidarbha and Konkan. The chief minister assured investors that the state government is committed to providing a smooth experience in Maharashtra. The MoUs of Rs 33,768.89 crore are expected to generate 33,483 jobs. "We will not stop at signing agreements. The government will remain a partner at every stage of investment, ensuring there are no hurdles," he said. He highlighted the state's 'Maitri' portal, a single-window platform aimed at facilitating quick approvals for land, permiss

Uppal Group commits Rs 100 cr working capital to premium alcobev push

The liquor brand aims to have a bottling plant by the end of ongoing financial year 2026

Hitachi Energy to invest ₹300 crore to expand transformer material plant

Hitachi Energy India Ltd on Friday announced an investment of Rs 300 crore to enhance the manufacturing capability of high-quality transformer insulation materials in order to cater to the rising demand. In transformers, high-quality insulation material acts as a proactive barrier, keeping the flow of electricity safe and preventing internal short circuits. The investment is part of company's overall investment of Rs 2,000 crore for India announced in October 2024, Hitachi Energy India said in a statement. The company said the latest investment of Rs 300 crore in its insulation and components business will expand the manufacturing facility in Mysuru, Karnataka. The expansion will double the facility's capacity to produce EHV (extra-high voltage) class high-quality pressboard and laminated board, a vital insulation material used in power and distribution transformers. As part of the expansion, Hitachi Energy India will replace the fossil fuel boiler, making its Mysuru site an ultra

AI investment boom is boosting the real economy alongside stock markets

Companies will spend $375 billion globally in 2025 on AI infrastructure, the investment bank UBS estimates