Page 9 - Investment

Sonowal outlines $1 trillion maritime growth roadmap at Ambassadors' meet

Shipping Minister Sarbananda Sonowal on Wednesday urged global partners to view India as a hub for investment and innovation, highlighting the government's USD 1 trillion maritime investment roadmap. He was speaking at the Ambassadors' Roundtable Meet organised by the Shipping Ministry as a precursor to the forthcoming India Maritime Week (IMW) 2025, scheduled to be held in Mumbai next month. "India's maritime journey is entering a new chapter...our ports, shipping and logistics ecosystem is becoming more resilient, sustainable and future-ready," the Union Ports, Shipping and Waterways minister told the gathering. Underlining opportunities in India's maritime sector, Sonowal said, "We are working to transform our ports, shipping, and logistics ecosystem into one that is resilient, sustainable, and future-ready, and this opens vast avenues for international collaboration". "These opportunities open up a 1 trillion US dollars maritime investment roadmap, with strong potential for joi

Bihar needs private investment to sustain growth, says Nitish Mishra

Bihar Industry Minister Nitish Mishra outlines new land, policy, and startup initiatives to drive investment, job creation, and transform the state's economic landscape

Saudi Arabia, Qatar to invest in Lebanon if Hezbollah disarms: US envoy

Saudi Arabia and Qatar are ready to invest in an economic zone in south Lebanon near the border with Israel that would create jobs for members of the militant Hezbollah group and its supporters once they lay down their weapons, President Donald Trump's envoy to the Middle East said Tuesday. Tom Barrack made his comments in Beirut after trips to Israel and Syria where he discussed with officials there the ongoing situation in Lebanon following this month's decision by the Lebanese government to disarm Hezbollah by the end of the year. Hezbollah's leader rejected the government's plan, vowing to keep the weapons. On Monday, Israeli Prime Minister Benjamin Netanyahu said Israeli forces could begin withdrawing from territory they hold in southern Lebanon after the Lebanese government's momentous decision to disarm Hezbollah. The US-backed Lebanese army is preparing a plan for Hezbollah's disarmament that should be ready by the end of August. The government is expected to discuss the ...

Vodafone Idea unit in talks to raise $570 million via short-term bonds

The unit of India's third-largest wireless carrier plans to issue bonds with tenors of two and three years, raising ₹30 billion and ₹20 billion, respectively, the sources said

Suzuki to invest ₹70,000 crore in India in next 5-6 yrs: Toshihiro Suzuki

The announcement came after Prime Minister Narendra Modi flagged off the first 'e-Vitara', the first Battery Electric Vehicle, in Ahmedabad today

Snowflake ramps up India investments, targets growth across sectors: MD

AI data cloud firm Snowflake views India as a "land of opportunities" for data and AI, and is significantly increasing its investments in the country to tap into its massive potential, a top company official has said. The company is strategically expanding its presence and capabilities, aiming to grow its headcount to over 700 employees by the end of 2025. "Snowflake is doubling down on India as an investment destination. As a destination where we are heavily invested to make sure that we serve the Indian market, we serve global customers from India, and we also invest in the country in terms of AI and skill sets out there. "If you look at the world of data in India, we have a lot of headroom to expand, not only Snowflake, but most players in this space, there's a massive headroom to expand," Vijayant Rai, India MD of Snowflake, told PTI. The company has recently opened a new office in Mumbai and plans to expand its presence in Bengaluru by August 2025. These expansions will suppo

MP gets ₹56,414 cr investment proposals at Katni mining conclave: CM Yadav

Madhya Pradesh Chief Minister Mohan Yadav on Saturday said the state received investment proposals of Rs 56,414 crore from eight companies during the Mining Conclave 2.0' held in the Katni district. Speaking at the daylong event, he said MP never lagged in mineral resources and is now rapidly moving to develop itself as the country's mining hub. The CM urged investors to set up industries in the state and assured full support from the government. Yadav said the conclave demonstrated the growing interest of industrialists from across the country in MP. He said investment proposals worth Rs 56,414 crore were received from eight companies, and they would energise the state to achieve further progress in the mining sector. The state government signed a Memorandum of Understanding (MoU) with Coal India Limited for the exploration, processing and development of critical minerals, he said. Another MoU was signed with TexMin ISM, Dhanbad, for the use of Artificial Intelligence, IoT (Inte

Kyndryl to invest $2.25 billion in India over the next three years

As part of the investment, the company will also establish an AI lab in the country, in addition to focusing on talent development

US examines equity stake in chip makers for CHIPS Act cash grants: Report

Trump administration has recently made unusual deals with US companies, including allowing AI chip giant Nvidia to sell H20 chips to China, exchange for the US government receiving 15% of those sales

Mission ₹30 trillion: Push for startups, thrust on AI, EVs need of the hour

The panel discussion was held as part of Business Standard Samriddhi-Rajasthan 2025

Earnings recovery can revive value funds, invest with 5-year horizon

Allocation to these funds is essential for style diversity within portfolio

Landmark Group to invest ₹400 crore in new Gurugram housing project

Realty firm Landmark Group will invest Rs 400 crore in the construction of its new housing project in Gurugram. The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram. "We will invest Rs 400 crore on construction of our new project 'Landmark SKYVUE'," Landmark Group Chairman Sandeep Chillar told reporters here. He said the company has owned this land parcel since 2009, and all approval charges have been paid to the government. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Landmark Group will sell apartments in a price range of Rs 5-7 crore per unit. The launch price is Rs 17,500 per sq ft. The chairman further said the demand continues to be strong in the Gurugram market, helped by infrastructure projects, including the opening up of Dwarka Expressway. The company has so far delive

Invest Rs 21,000 to earn Rs 20 lakh monthly? Viral videos of FM are fake

Digitally manipulated clips mark another instance of cybercriminals trying to defraud people

Enzyme Offices looks to double revenue this fiscal, plans ₹50 cr investment

Flexible and managed workspace provider Enzyme Offices looks to double its revenue in the current fiscal to around Rs 150 crore and targets an annual recurring revenue (ARR) of Rs 200 crore by 2026-27, a top company official said on Tuesday. The company aims to double its revenue in the current financial year from the current Rs 75 crore, driven by strong demand from both global capability centres (GCCs) and leading Indian startups, Ashish Agarwal, Founder & CEO of Enzyme Offices said. "Enzyme Offices looks to achieve Rs 200 crore ARR by FY27, supported by a planned Rs 50 crore investment in expanding operations, enhancing infrastructure, and strengthening technology capabilities," Agarwal said. ARR refers to the recurring revenue of a business's contract, normalised for a year. Agarwal said that the company has witnessed remarkable journeys companies starting with just 20-30 seats and scaling to over 600 seats within Enzyme. Vyapar, Teachmint, Dukaan, Avin Systems, and Stellar ..

Nikhil Kamath invests ₹137.5 crore in Goldi Solar to expand capacity

Zerodha co-founder Nikhil Kamath invests ₹137.5 crore in Goldi Solar, supporting its expansion into solar cell manufacturing and capacity growth in renewable energy

Fatal blast at US steel's Clairton plant sparks doubts over its future

The fatal explosion last week at US Steel's Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the US along with profits, share prices and steel prices have been buoyed by years of friendly administrations in Washington that slapped tariffs on foreign imports and bolstered the industry's anti-competitive trade cases against China. Most recently, President Donald Trump's administration postponed new hazardous air pollution requirements for the nation's roughly dozen coke plants, like Clairton, and he approved US Steel's nearly USD 15 billion acquisition by Japanese steelmaker Nippon Steel. Nippon Steel's promised infusion of cash has brought vows that steelmaking will continue in the Mon Valley, a river valley south of Pittsburgh long synonymous with steelmaking. We're investing money here. And we wouldn't have done the deal with Nippon Steel if

Authum Investment & Infra promoter divests 2.7% stake for ₹1,165 cr

Mentor Capital, one of the promoters of Authum Investment & Infrastructure Ltd, on Thursday pared a 2.7 per cent stake in the NBFC firm for Rs 1,165 crore through open market transactions. Capital markets veteran Sanjay Dangi and his wife, Alpana Dangi, control Mentor Capital. According to the bulk deal data on the BSE, Mentor Capital offloaded 46.61 lakh shares, representing a 2.74 per cent stake in Mumbai-based Authum Investment & Infrastructure Ltd (AIIL). The shares were disposed of at an average price of Rs 2,500.58 apiece, taking the transaction value to Rs 1,165.60 crore. Meanwhile, US-based Fidelity International through its affiliate bought 27.41 lakh shares or 1.61 per cent stake in AIIL for Rs 685 crore through an open market transaction. The shares were picked up at an average price of Rs 2,500 apiece. Details of the other buyers of Authum Investment & Infrastructure's shares could not be ascertained on the exchange. Shares of Authum Investment & ...

OSM to invest $25 million in EV assembly plant in Jafza over 5 years

Electric vehicle (EV) maker Omega Seiki Mobility (OSM) will invest USD 25 million (AED 92 million) over the next five years in its international EV assembly plant in Jafza (Dubai), which was launched on Wednesday, the company has said. Spanning over 42,000 sq ft, the first Jafza plant will assemble the company's range of electric two-and three-wheelers as well as handle storage and distribution of auto components and spare parts, OSM said. The facility is expected to commence assembly by the end of 2025, it stated. Strategically positioned to serve export markets across the Middle East and Africa, the plant will create over 100 jobs in its initial phase and strengthen UAE-India trade in clean technology, the company said. "Jafza gives us unmatched connectivity to more than 2 billion consumers and a business environment that enables speed, scale and sustainability. Through Dubai, we aim to make clean mobility accessible and commercially viable for partners across the Middle East and

ONGC to invest ₹4,600 crore to drill 10 wells, other infra in KG Basin

The oil and gas major ONGC will be investing over Rs 4,600 crore to drill 10 development wells, to set up two unmanned platforms, to lay an offshore pipeline, and to establish an onshore gas processing facility in Konaseema District of Andhra Pradesh. Oil and Natural Gas Corporation Limited (ONGC) has approached the Ministry of Environment and Forests seeking fresh environmental clearance for the proposed project, an Experts Appraisal Committee (EAC) under the ministry said in the minutes of its meeting held on July 24. Letter of Award (LOA) for Offshore Oil and Gas Contract areas KG/OSDSF/CHANDRIKA/2021 (Chandrika) comprising an area 697 sq km and KG/OSDSF/GS49/2021 (GS49) comprising an area of 148 sq km in East coast were issued by Director General of Hydrocarbons in September 2022 under under DSF-III (Discovered Small Field-III). "Total land area required is 26.3 hectares (Odalarevu Terminal) for the proposed installation. Greenbelt will be developed in a total area of 8.7 ...

Tamil Nadu seals ₹32,554 crore investment deals, creating 50,000 jobs

Tamil Nadu government signs Rs 32,554 crore investment deals, creating 50,000 jobs in South Tamil Nadu. Key projects include a space park and shipbuilding PSU, with JSW and RGE as major investors