Page 10 - Investments

Private sector should increase investments, benefit from Budget: Modi

Trust and expectation have replaced doubt in discussions about Indian economy, he says

GQG founder to meet Australian investors after $1.9 bn Adani investment

GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout

From China to India

India should welcome investments looking for alternatives

AP clinches investments worth Rs 13 trn at Investors Summit: CM Jagan Mohan

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, Jagan Mohan Reddy said the investment proposals are from Reliance, Adani Group, Aditya Birla group, Renew power, NTPC and Aurobindo Group among others. He reiterated that Visakhapatnam would become the executive capital of Andhra Pradesh in the days to come and he will be moving over to the port city. "It is a proud moment to announce that the state has received 340 investment proposals with an investment of about Rs 13 lakh crore providing employment to almost six lakh people across 20 sectors," he said. The Chief Minister further said MoUs worth Rs 11.85 crore will be signed today and the rest would be formalised on Saturday.

Tata Power Renewable gets Rs 2,000 cr infusion from GreenForest

Tata Power Renewable Energy Ltd (TPREL) has received an investment of Rs 2,000 crore from GreenForest New Energies Bidco with allotment of 20 crore preference shares to the latter. "TPREL...has received the second and final round of investment of Rs 2,000 crore from GreenForest and has successfully allotted 20,00,00,000 Compulsorily Convertible Preference Shares (CCPS) at face value of Rs 100 each at par aggregating to Rs 2,000 crore on a preferential basis to GreenForest," a statement said. Subsequent to this second tranche, TPREL has now received an investment of Rs 4,000 crore. GreenForest holds 6.06 per cent equity in TPREL and on conversion of the above CCPS, it will hold 9.76-11.43 per cent stake in TPREL, subject to the equity valuation on final conversion. The completion of this equity infusion will fund TPREL's aggressive growth plans. Over the next five years, it aims to achieve a portfolio of 20 GW of renewable assets and a market leading position. "The completion of Rs

Sebi to control unsolicited fin market advise from social media influencers

Markets watchdog Sebi will come out with a discussion paper to frame guidelines to control unsolicited financial and stock market advise from social media influencers as also from unregulated investment advisors. Addressing a meeting of the Association of Registered Investment Advisers here on Friday, Sebi Whole Time Member Ananth Narayan Gopalkrishnan said some unscrupulous people are misusing their Sebi registration to further their businesses and as the regulator "we don't want (that) to happen". "We'll come out with a discussion paper seeking inputs for making effective measures to control unsolicited financial and market advises from social media influencers and also from unregulated investment advisors. "After inputs from market participants, and other stakeholders, we'll issue guidelines to rein them in," Gopalkrishnan said. There is also the issue of unregistered investment advisors, who pose greater risks to gullible investors. More important, "we see examples of misuse of

Investments worth Rs 1.5 trn likely on data centres in next six years: Icra

Current data centre capacity in India pegged at 870 Mw. Country likely to add 4,900-5,000 Mw; Mumbai, Hyderabad and NCR to hold 70-75% of overall installed capacity

Retired couples can earn Rs 8,00,000 from select govt investment schemes

Equities, debt MFs and annuities should also be part of portfolio

World's next debt disaster seen brewing in Indonesia's builder binge

The struggles are already reminding some analysts and investors of the high-profile debt debacles in China and South Korea last year, which were centered on the nations' developers

EV startup Simple Energy raises $20 mn from investors in Bridge round

Electric vehicle startup Simple Energy on Tuesday announced raising USD 20 million (about Rs 165 crore) from a clutch of investors as a part of its ongoing Bridge round. The funds will be utilised in a phased manner to ramp up production of the company's maiden e-scooter Simple ONE, which has not yet been delivered to a single customer even after 18 months of its launch. The company has been deferring deliveries of the vehicle since December 2021. "We have received a phenomenal pre-booking response, and to cater to the demand, we are raising funds in a timely manner. The funds raised will be strategically used to aid the production ramp-up and for a quicker delivery commencement," said Suhas Rajkumar, founder and CEO of Simple Energy. The company claims that it has received over one-lakh bookings for the e-scooters. "We have successfully de-bottlenecked product constraints and are confident that we will soon start deliveries of Simple ONE," Rajkumar said. The company recently ...

Higher investment limit in saving schemes to help sr citizens, middle class

The decision to raise the investment ceilings in small savings schemes is aimed at benefiting senior citizens and the middle class who park funds in safe government deposit schemes offering higher returns than banks, Finance Secretary TV Somanathan has said. The Budget 2023-24 raised the maximum deposit limit for Senior Citizen Savings Scheme from Rs 15 lakh to Rs 30 lakh. Also, the maximum deposit limit for Monthly Income Account Scheme will be enhanced from Rs 4.5 lakh to Rs 9 lakh for a single account and from Rs 9 lakh to Rs 15 lakh for a joint account. In a post-budget interview with PTI, Somanathan said the ceilings under the Senior Citizen Savings Scheme have been unchanged for quite some time, and the decision to raise the ceiling is primarily a measure for the welfare of the middle class and senior citizens. "There was a feeling that people in advanced age need safe investment options, and the incomes have increased in the period between the last revision and now. So, this

Sebi mulls tenure extension for AIFs to continue unliquidated investments

Pooled investment vehicles may be allowed to carry forward unliquidated investments to a fresh scheme at the end of tenure

Union Budget 2023-24 on expected lines, good for investment push

Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles

Tesla reveals loss of $204 million from Bitcoin investments in 2022

Elon Musk-owned Tesla has revealed that the company recorded a $204 million impairment loss in 2022 on its Bitcoin investments

Union Budget 2023: An opportunity to boost investment and consumption

Easing of norms to set up and run enterprises will attract investments in a big way; however, the govt should also ensure that populist measures in the budget don't hamper economic growth

PE deals in Asia-Pacific fall in 2022 as US investors drop China for India

Investors favour technology companies in India and Southeast Asia, says one analyst

Avoid higher TDS with timely, accurate submission of investment proof

For investments made after proof has been submitted to the employer, claim refund in ITR

Venture capital investments in Indian start-ups plunge 38% in 2022: Report

Venture capital (VC) investments in Indian startups plunged over 38 per cent in 2022 as economic uncertainty and market volatility affected fundraising and investment activities, GlobalData said on Tuesday. In a statement, GlobalData said an analysis of its financial deals database reveals that "a total of 1,726 VC funding deals worth USD 20.9 billion were announced in India in 2022 compared to 1,715 deals worth USD 33.8 billion in 2021." "The ongoing economic uncertainty and market volatility continue to affect the fundraising and investment activities in India and subsequently VC investment in the country startups suffered a massive year-on-year 38.2 per cent decline in value terms during 2022," the data and analytics company said. Aurojyoti Bose, lead analyst at GlobalData, said India is a key Asia-Pacific market and stands just next to China in terms of VC funding deals by volume and value. It is also among the top four markets (the US, the UK, China and India) globally. India

Tourism sector nets Rs 35K-crore investment proposals in Uttar pradesh

The intended investments pertain to a plethora of projects, including hotels, resorts, river cruise, wellness hubs, ecotourism, entertainment zones, theme parks, etc.

Noida investor summit attracts investment proposals worth Rs 11,500 crore

Uttar Pradesh's Gautam Buddh Nagar on Friday received investment proposals of about Rs 11,500 crore from around 50 investors at the district-level investors' summit, officials said here. Around 250 investors participated in the summit held at the Indira Kala Kendra in Sector 6 here in presence of UP MSME minister Rakesh Sachan, Jewar MLA Dhirendra Singh, District Magistrate Suhas L Yathiraj, Police Commissioner Laxmi Singh, among others. "We got investment intents worth Rs 11,502 crore from 50 investors during the Gautam Buddh Nagar investors' summit today, Deputy Commissioner (Industries) Anil Kumar told PTI. According to officials, three investors were even allotted land by the Noida Authority on Friday itself. Uttar Pradesh is gearing up for a Global Investors' Summit (GIS) which is scheduled to be held in Lucknow in February. Chief Minsiter Yogi Adityanath has exhorted all officials to hold district-level investors' summit in their areas to attract investments into the state.