Page 12 - Investments

UP becoming top choice of investors due to safe environment: CM Adityanath

Chief Minister Yogi Adityanath on Friday claimed that under the BJP rule, Uttar Pradesh has transformed into a "safe" and "riot-free" state, and is set to become the first choice of investors. Addressing a 'Prabuddha Jan Sammelan' (meeting of intellectuals) here, Adityanath said Uttar Pradesh will soon turn into the country's leading economy. "There is no place for crime, hooligans or miscreants in UP and the state is progressing. The criminals are in jails or have fled the state. Due to this, Uttar Pradesh is becoming the first choice of investors," the chief minister said at the event where he launched 30 development projects worth Rs 424 crores. Right now, Uttar Pradesh is at the number two position in terms of Gross State Domestic Product (GSDP). Due to the safe atmosphere in the state, the brass city of Moradabad is scaling new heights. The talented and skilled craftsmen are giving recognition to the country. The BJP's arrival in 2017 has given appropriate encouragement to the

Odisha govt approves 7 policies to attract investment and boost economy

Ahead of the Make In Odisha Conclave, the Naveen Patnaik government has approved at least seven different policies to attract investment in the state and boost the economy. The decision regarding the State Cabinet approving seven policies and other decisions was announced by Revenue and Disaster management minister Pramila Mallick in the Assembly on Wednesday. The Cabinet at its 52nd meeting on Tuesday approved 17 proposals including seven policies. The policies which have been approved were: Registered Vehicle Scrapping Facility Policy-2022, Industrial Policy Resolution (IPR) 2022, Odisha Logistics Policy 2022, Odisha Apparel and Technical Textiles Policy-2022, Export Promotion Policy 2022, Odisha Civil Aviation Policy 2022 and Odisha Tourism Policy 2022. The new Registered Vehicle Scrapping Facility Policy-2022 is expected to play a major role in reducing vehicular air pollution and boost manufacture in the automobile sector. As per the provision, all old vehicles that have ...

India most favoured destination globally for investments: Jagdeep Dhankhar

India is growing at a faster pace and it has become the most preferred destination for investments and opportunities in the world, Vice President Jagdeep Dhankhar said on Monday. Recently, India has surpassed its colonial masters and has become the fifth-largest economy in the world, he said. The Vice President also exuded confidence that India will become the third-largest economy on the global horizon by the end of the decade. "India is on the rise as never before. The rise of India is unstoppable, and we are the most favoured destination globally for investments and opportunities," he said here at the National Handicrafts Award ceremony. The handicraft sector holds a huge potential for growth, particularly in the rural and semi-urban areas, he noted. Dhankhar also suggested that professionals from IITs and IIMs can help the industry in promoting its growth and branding of products. Branding is key to fetch good prices, he said, adding it is only the handicraft sector where hug

Motilal Oswal AMC to accept fresh investments in international schemes

The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit

EVs lead climate tech funding but more needed for niche solutions: Experts

Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently

Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO

Rise in Indian corporate lending to locals signals new investment cycle

That international slowdown will limit the strength of the new Indian cycle, economists say.

PE/VC investments drop 75% in October over last year: IVCA-EY report

Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022

FM Sitharaman exhorts NIIF to leverage India's investment fundamentals

Finance Minister Nirmala Sitharaman on Thursday asked the National Investment and Infrastructure Fund (NIIF) to leverage India's attractive investment fundamentals to expand its operations.

Amisha Vora increases stake four fold to 96% in Prabhudas Lilladher

Acquired stakes of partners Arun Sheth, Dhiren Sheth and Dilip Bhatt. Vora will now serve as chairperson and MD of PL Group

Balaji Srinivasan invests unknown sum in blockchain start-up Permissionless

Company to use the funds to scale the number of contributors on the platform, create more integrated productivity tools for borderless and asynchronous work

Investcorp plans major ramp up of India assets to $5 billion: Alardhi

The Middle East firm expects to reach $5 billion of assets in India in the next five years, up from just over $600 million currently, or 1.5% of the $42.7 billion in assets managed by Investcorp

Govt-backed SRI Fund commits Rs 5,000 cr to help MSMEs with growth capital

Government-backed Self Reliant India Fund (SRIF) on Friday announced that it has committed over Rs 5,000 crore to help small businesses with growth capital in its first year of operations. The fund, which started as part of the government's flagship 'Atmanirbhar Bharat' programme, has provided approvals to 38 'daughter funds' with a commitment amount of more than Rs 5,000 crore, as per an official statement. It has a 'Mother Fund-Daughter Fund' structure wherein SRIF, the mother fund, invests up to 20 per cent of the corpus of the Daughter Fund, which raises the balance 80 per cent of the capital from outside sources, it explained. The arrangement is designed to maximise the fund flow to the target micro, small and medium enterprises (MSME) sector as the contribution from SRIF gets leveraged five times, taking the total value of investible funds into MSMEs to Rs 50,000 crore. Amitava Chatterjee, the managing director and chief executive of SBI Capital Markets, said the fund has ...

80% of net SIP investments in Sept go into active equity schemes: Data

Investment advisors recommend the SIP route for investment in volatile asset classes to maximise the benefit of rupee cost averaging

DealShare plans to invest Rs 500 cr in 2-3 years in private brands business

E-commerce firm DealShare on Wednesday said it has launched 52 categories under its private brand business and plans to invest Rs 500 crore in the new segment in the next 2-3 years. The company has launched 52 categories under Chemko (home cleaning) Swaccha (personal hygiene), Sampoorti (pantry staples) and X One (male grooming brands) in the first phase and plans to extend their portfolio to the skin and hair care, beauty and apparel categories over the next two years. The e-commerce firm said it has launched "52 categories of products with the new initiative set to contribute 30 per cent to DealShare's revenue" and "targets an investment of Rs 500 crore over the next 2 to 3 years for private brands business". DealShare plans to take private label brands across 3,000 towns having more than 10,000 population in the next three years, the company said. The company at present claims to have presence in over 150 cities across eight states and have over 2 crore consumers. DealShare fou

Online cosmetics retailer Nykaa's Q2 net more than doubles to Rs 5.2 cr

Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore

Max Health gross revenue at lifetime high in Q2FY23 on improved occupancy

International patient revenues up 16% during quarter, 110% of pre-Covid average; PAT grows 29% on like-to-like basis

State will get big-ticket investments in coming days: Maharashtra CM Shinde

Amid the blame-game between the government and Opposition over the 'loss' of Tata consortium-Airbus project, Maharashtra Chief Minister Eknath Shinde on Saturday said the state will get major investments in the coming days. The opposition has been targeting the Shinde government after a Tata-led consortium and Airbus chose Vadodara in Gujarat for its military aircraft project. Earlier, Vedanta-Foxconn had chosen Gujarat over Maharashtra for its semiconductor plant. In the coming days, the state will get major industries," chief minister Shinde said at a function here. There has been a discussion going on about the industries in the state and our industries minister is speaking on this issue. I don't want to comment on it. (But) The government will not fall short in generating employment for the youth, Shinde added.

APAC reinsurers face single-digit growth, decline in investment income

The reinsurers in the Asia Pacific (APAC) region face single digit growth rate, declining investment income, higher claims and others, said S&P Global Ratings on Friday.

India can accelerate green investments to $12.1 trillion by 2050

India can accelerate green investments to USD 12.1 trillion by 2050 and reap a host of benefits, a consultancy firm said on Thursday. With the ongoing rate, India's net Green House Gas (GHG) emissions will rise to 11.8 gigatons of carbon dioxide equivalent by 2070 from the 2.9 gigatons in 2019, Mckinsey & Co said in a report. However, India has the potential to create 287 gigatons of carbon space for the world if it accelerates its efforts to fight climate change, the report said, adding that this amounts to almost half of the global carbon budget for an even chance at limiting warming to 1.5 degree celsius. "India's decarbonisation will require an estimated USD 12.1 trillion (5.9 per cent of GDP) of green investments until 2050 for the 'accelerated' scenario," it said. India has committed to net zero emissions by 2070. As per earlier estimates, the shift to net zero by 2070 will require USD 10 trillion worth investments. Mckinsey said there are tailwinds which would be of help to