Page 4 - Investments In India

UK-based refractory maker Vesuvius Group to invest Rs 1,000 crore in India

Vesuvius India Ltd, a part of the UK-based refractory maker Vesuvius Group, on Thursday said it plans to invest around Rs 1,000 crore in the country over the next few years. Chief Executive of Vesuvius Group, Patrick Andre, said given the growth situation in India, the quantum of investments to be made in the country will reach close to Rs 1,000 crore within a few years. The Kolkata-headquartered Vesuvius India also inaugurated a new mould flux manufacturing plant at Vishakapatnam. The facility is designed to meet the increased demand for flux, a vital component for the continuous casting process at steel plants, the company said in a release. "India has always been a strategic market for the group. The manufacturing capabilities in India will enhance our competitive position in the country and also contribute to the socio-economic development of the communities where we operate, said Biswadip Gupta, chairman of Vesuvius India. The flux manufacturing plant in Visakhapatnam is the .

‘He is a supporter of India’: PM Modi on Elon Musk and investments in India

Watch what Prime Minister Narendra Modi said on Tesla CEO Elon Musk and investments in India.

UNGA Prez Francis lauds digitalisation, infrastructure investment in India

UN General Assembly President Dennis Francis has lauded India's use of digitalisation that has helped achieve financial inclusion and poverty reduction, underlining that this gives the country a comparative advantage and its lessons can be shared with the global community. Let me say first of all that since I've been to India, every time I think of India, I think Incredible India'. And I mean this in all earnest .And I saw it when I was there. The specific example to which I can refer is India's use of digitalisation, Francis, President of the 78th session of the UN General Assembly, told PTI in an exclusive interview here. He referred to the country's tourism tagline of 'Incredible India.' Francis was in India from January 22-26 this year on an official visit, during which he held a bilateral meeting with External Affairs Minister S Jaishankar in New Delhi and also travelled to Jaipur and Mumbai. During the visit, his interactions with government officials, civil society members a

Statsguru: Foreign direct investments decline from pandemic highs

However, this is in line with a global investment slowdown. Developing countries have been most affected, according to international data

Decathlon to accelerate investments in India on production, expansion: CEO

French sports retailer Decathlon is accelerating its investments to ramp up production and enhance its retail presence further in India, one of its "most important" global markets, its Global CEO Barbara Martin Coppola has said. Decathlon expects to continue its "high growth rate" from the Indian market, which is also emerging as an important manufacturing hub for the sports retailer, from where it currently exports around 65 per cent of production to global markets, she added. For Decathlon, India is currently among the top ten global markets, growing "twice the rate" of others, where it entered in 2009 and now operates a network of 129 stores, she said. Coppola said she is "really impressed" with the evolution of the sports culture in India, especially among the middle class, which is gradually getting engaged in different kinds of sports, amid a rise in their income level with the growth of the economy. "We see a real appetite for overall sports consumption, people wanting to tr

Women make disciplined, long-term investment plans for goals: Study

41% of New Investors at FinEdge in 2023 Were Women 71% of women investors stay invested for over five years

Passion investments: What do millionaires in India spend their money on?

Watch was the most preferred investment by Indian UHNWIs, followed by Art and Classic Cars. Globally, super rich cited Art as the preferred luxury investment, followed by watches and classic cars.

South Indian Bank's board approves terms of rights issue worth Rs 1,151 cr

The bank will issue 523.1 million rights shares at Rs 22 each on a fully paid-up basis

PLI scheme spurs Rs 1.03 trillion investment; boosts exports, jobs

While the incentive disbursement to companies participating in the scheme was Rs 4,415 crore as of now, the payout as of September was Rs 1,541 crore

Karnataka signs investment deals worth Rs 22,000 cr at Davos summit

Microsoft, Hitachi, Lulu Group among companies that commit projects in state

Indian investment bankers earn $1.3 billion in fees, highest since 2000

The equity capital market (ECM) underwriting fees reached $343.5 million, a 68 per cent rise from a year ago. ECM fee includes the fee from IPOs and follow-on offers

Increasing investments to scale up AI, ML, survey shows 85% growth

AI investments have grown 85 per cent from last year, says a survey by Automation Anywhere

Reliance Industries's green energy equipment business intrigues analysts

Company plans to invest Rs75,000 crore to build new energy ecosystem

Here to enhance partnership between EFTA, India: Norway's trade minister

The European Free Trade Association is a trade organisation and free trade area consisting of four European states- Iceland, Liechtenstein, Norway and Switzerland

Govt blocks 100 websites involved in job scams, illegal investments

The Ministry of Home Affairs also asked users to be alert and take precaution, especially before investing in any such very high commission-paying online schemes sponsored over the internet

Patanjali Foods aims to see Rs 1,000 crore sales from masala business

During the investor day, Ramdev also said that he cannot comment on the merger, demerger or acquisitions the company plans to make in Patanjali Foods

Prosus marked down investment in Byju's, bring its valuation to below $3 bn

This is not the first time that Prosus has marked down its investments in the edtech firm

NASDAQ can play key role in attracting global investors to India: Official

NASDAQ can play a key role in bringing much-needed investment into India from global investors, according to a top official of the American stock exchange. India has right now "over 200 very large startup companies that could go public in future" and that's unheard of anywhere else in the world, NASDAQ executive vice chairman Edward Knight told PTI in an interview on Tuesday. NASDAQ (National Association of Securities Dealers Automated Quotations) is a stock exchange that lists some of the world's largest technology companies, such as Apple, Microsoft, and Amazon. It is one of the world's oldest and second-largest stock exchanges by market capitalisation, after the New York Stock Exchange (NYSE). Knight noted that India has "a very strong legal system...very strong universities" and "all the ingredients that have produced and could continue to produce great early-stage companies, innovation and technological innovation". "But," he said, "you need capital and the capital needs of In

Bakingo raises $16 mn from Faering Capital, eyes national expansion

Over the last few years, Bakingo has delivered products across India, including in Gurgaon, Delhi, Noida, Bangalore, Hyderabad, and Mumbai

PE/VC investments see 60% jump to $13.6 bn in Jul-Sep qtr: Report

Private equity (PE) and venture capital (VC) investments registered a 60 per cent year-on-year growth in the July-September quarter to touch USD 13.6 billion, according to the latest EY-IVCA monthly PE/VC roundup. According to the report, the third quarter of this year recorded an investment worth USD 13.6 billion across 209 deals, 60 per cent higher than the investments in the third quarter (3Q) of 2022. On a sequential basis, however, deal value was 5 per cent lower than the April-June quarter, the report said, adding that the number of deals in the July-September quarter was lower by 18 per cent on a year-on-year basis. "A pickup in pure-pay PE/VC investments of around 88 per cent bolstered the growth in total PE/VC investments in 3Q2023, which recorded 31 large deals aggregating USD 10.7 billion compared to 15 large deals worth USD 4.8 billion in 3Q2022," Vivek Soni, Partner and National Leader, Private Equity Services at EY India, said. According to the report, since 2018, the