Page 9 - Investment

Coca-Cola bottlers to invest ₹25,760 cr in India's food processing sector

Three Coca-Cola bottlers in India will jointly invest Rs 25,760 crore (USD 2.96 billion) to expand the country's food processing infrastructure and have signed memoranda of understanding with the Ministry of Food Processing Industries for greenfield and brownfield projects, according to an industry official. SLMG Beverages, Hindustan Coca-Cola Beverages (Coca-Cola's wholly-owned bottling arm), and Kandhari Group of Companies have committed to the investment, which will span nine states, including Uttar Pradesh, Bihar, Andhra Pradesh, Telangana, Karnataka, Gujarat, Punjab, Rajasthan and Jammu. "Coca-Cola India and all the other bottlers, including SLMG Beverages, have signed an MoU worth Rs 25,760 crore with the food processing industry," said Paritosh Ladhani, joint managing director of SLMG Beverages told PTI. SLMG Beverages, Coca-Cola's largest bottler in India, will contribute Rs 8,000 crore to the investment, Ladhani added. The projects are expected to generate 30,000 direct jo

Telangana clears ₹3,745 cr investment; Coca-Cola plant to support farmers

The move is expected to bring significant revenue to rural communities and deepen the integration between agriculture and industry

Key stocks & sectors to watch out for this festive season | Investment tips | Share market | GST 2.0

The festive season is here, and markets are betting big on rising consumer demand.

Datanomics: Is it time for the private sector to step up investments?

It is widely believed that investments these days are generally driven by the government as the private sector is yet to show its animal spirit

TN secures investments worth ₹30,000 cr in shipbuilding sector: TRB Rajaa

Tamil Nadu has attracted investments worth Rs 30,000 crore to set up two shipyards in Tuticorin district, a move expected to see creation of around 55,000 jobs, Minister for Industries TRB Rajaa said on Saturday. The Minister recalled Chief Minister M K Stalin's comments at the TN Rising-Tuticorin conclave in August, where he pledged to esablsih a company to promote shipbuilding sector in the state. Following the announcement, State Industries Promotion Corporation of Tamil Nadu (SIPCOT) and V O Chidambaranar Port Authority signed a Memorandum of Understanding in September, Rajaa said in a social media post on Saturday. "Today (September 20), a historic milestone has been achieved with the signing of two Ultra Mega MoUs to establish two world-class Greenfield commercial shipyards in Tamil Nadu, with an investment of Rs 30,000 crore and generating employment for 55,000 people," the DMK leader said. As per the first MoU, Cochin Shipyard Ltd will invest Rs 15,000 crore to set up a ...

UAE firms keen to invest in Indian infra, banking, startups: Piyush Goyal

The UAE companies are looking at multiple sectors, such as infrastructure, data centres, banking, startups and logistics, in India to increase their investments, Commerce and Industry Minister Piyush Goyal said on Friday. He said that the two countries have reset their targets and are actively working to increase investments rapidly in different sectors, and enhance collaborations in areas such as renewable energy, shipbuilding, retail, and pharmaceuticals. Infrastructure is one of the major sectors where they (UAE) can see huge potential. There was a lot of interest in the banking sector and startups. The interest of potential investors is also in the logistics ecosystem in India and green energy. The UAE is keen to look at investments, Goyal told reporters here. The minister was here for the 13th India-UAE High-Level Joint Task Force on Investments. The two-day visit concluded on September 19. He was leading a 75-member business delegation. There are many ways through which India

India, UAE to discuss trade, investment, bank matters on September 18-19

India and the UAE will review progress of bilateral trade pact, double taxation treaty and central Bank matters during the two-day visit of Commerce and Industry Minister Piyush Goyal to the gulf country, an official statement said on Wednesday. Goyal is visiting the United Arab Emirates (UAE) from 18-19 September to co-chair the 13th India-UAE High Level Task Force on Investments (HLJTFI), along with Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA). "The meeting will review progress on the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the Double Taxation Treaty, and UAE-India Central Bank matters," the commerce and industry ministry said. Both sides will also explore opportunities for investment in key sectors, including maritime and space, that hold strong potential for growth, it added. During the visit, Goyal will also co-chair the UAE-India Business Council (UIBC) round-table with Thani bin Ahmed Al Zeyoudi, UAE

Adani Group to invest additional ₹30,000 cr to expand domestic ports ops

The majority of this investment will go into the Mundra (Gujarat), Dhamra (Odisha), and Vizhinjam (Kerala) ports

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 ...