Page 2 - Investments

CCI approves British Int'l investment in ReNew Photovoltaics solar business

The Competition Commission of India (CCI) on Tuesday approved British International Investment's proposal to acquire a stake in solar manufacturing firm ReNew Photovoltaics. British International Investment plc is a development finance institution, wholly owned by the UK Government, which provides scarce and patient capital to private sector entrepreneurs in developing countries. "The proposed combination relates to an investment by the acquirer (British International Investment) in the target (ReNew Photovoltaics Pvt Ltd) through subscription to securities of the target," CCI said in a release. Renew Photovoltaics is engaged in the manufacturing of solar modules and cells in India. "CCI approves the proposed investment by British International Investment plc in ReNew Photovoltaics Pvt Ltd," the competition watchdog said in a post on X. Last month, ReNew Energy Global Plc announced that it has secured an investment of Rs 870 crore (around USD 100 million) from British Internationa

Aditya Birla Lifestyle to double revenues in 5 years, invest Rs 300 cr

The newly-listed Aditya Birla Lifestyle Brands (ABLBL) on Monday said it will invest Rs 300 crore every year with an aim to double its revenue in the next five years. The Aditya Birla Group company, which was demerged from Aditya Birla Fashion and Retail, will invest around Rs 300 crore per year, its managing director Ashish Dikshit told reporters here. Group chairman Kumar Mangalam Birla said, "India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver." ABLBL had a revenue of Rs 7,830 crore in FY25, an operating profit margin of 15 per cent and a net profit of Rs 60 crore. Kumar Mangalam Birla said the company aspires to build India's first portfolio of billion-dollar brands in the fashion and lifestyle segment. It sells brands like Peter England, Allen Solly, Van Heusen and Louis Philippe. Dikshit said two of the company's brands clock sales of over Rs 2,000 crore per year, while two others are above Rs 1,000 crore per year. "Over

Dhunseri to invest ₹2,240 crore to expand plastic film capacity by 2029

Dhunseri Poly Films to add BOPET and BOPP lines in West Bengal and Jammu with ₹2,240 crore investment, targeting total installed capacity of 330,000 tonnes by 2029

SEZ Rules amended to attract more investments, facilitate operations

India has 276 operational SEZs with 6,275 units operating in them. Total investment in them is about ₹7.07 trillion and they employ about 3.19 million persons

Datanomics: SC judges favour safe financial bets, ministers chase risks

SC judges disclose majority of financial assets in bank deposits and provident funds, contrasting sharply with ministers' high exposure to stocks and mutual funds

Invest Kerala Summit: Works on projects worth Rs 4,410 cr to begin in May

Kerala Industries Minister P Rajeev on Saturday said works on 13 projects with a total investment of Rs 4,410 crore through the Invest Kerala Global Summit (IKGS 2025) will commence in May. Noting that these projects were submitted through Expressions of Interest (EoIs) at the IKGS held in February, Rajeev, who also holds Law and Coir portfolios, added in April alone, four projects worth Rs 1670 crore have started. Speaking after launching the web portals--- ikgseoi.kerala.gov.in and industrialland.kerala.gov.in-- he said: "From February to April, 76 projects worth Rs 1,385 crore as part of the reinvestment in ongoing and scaling up of projects related to IKGS are underway." The websites are launched for following up on the EoIs received during IKGS and creating a database of land parcels available in the state for industrial purposes, respectively. IKGS 2025 had received EoIs worth Rs 1.96 lakh crore,according to an official release. The Minister informed that a monthly progress

Real estate institutional investments in Q1 CY25 up 47% at $0.81 bn: Report

Foreign and domestic companies show 'increased commitment to long-term investments'

Despite market volatility, corporate fundraising at record high in FY25

Public equity fundraising stood at Rs 3.71 trillion in FY25, marking a 92 per cent rise from Rs 1.9 trillion in FY24

Mt K Kapital plans second real estate fund with Rs 2,500 crore corpus

Mt. K Kapital, a real estate-focused investment platform, plans to set up its second fund with a corpus of around Rs 2,500 crore to finance housing projects across major cities. Mumbai-based Mt. K Kapital is a real estate focused fund management company with SEBI approved Category II Alternative Investment Fund (AIF) license. "Our first fund closed at a total corpus of Rs 790 crore. We have deployed close to 50 per cent of the fund in five projects," Mt. K Kapital Founder and Managing Director Binitha Dalal told PTI. These five projects, with a total developable area of 7 lakh square feet, are located in Mumbai Metropolitan Region (MMR) and are being developed by Keystone Realtors Ltd that operates under the 'Rustomjee' brand. "We intend on committing the balance fund by the end of this year," she said. Asked about the future plan, Dalal said its AIF is a development fund platform built with combined skills of development and fund management. "Our second fund shall be at least th

Andhra Pradesh bags nearly Rs 4 trillion green investments in 8 months

According to a Central Electricity Authority (CEA) roadmap, of the targeted 500 gigawatts (Gw) generation capacity from non-fossil fuel resources by 2030, 86 Gw of RE potential is in South India

Family offices, corporate venture capitals clinch a bigger deal slice

These two segments, however, focused on deals under $10 million, which accounted for 60-70 per cent of total deals in 2024

Expect India to keep doing well irrespective of geopolitics: GIC execs

Lim and Sood say they are bullish on infrastructure, consumer, technology, and healthcare sectors, and see opportunities in Indian despite global uncertainties

Cantabil Retail eyes Rs 55 cr capex by FY26, to expand production capacity

Nigam shared details about the company's major project, set for completion by mid-September

InsuranceDekho raises $70 mn from Beams Fintech, MUFG, BNP Paribas Cardif

The Gurugram-headquartered company serves over 10.2 million customers nationwide, with 21 new policies issued every minute on its platform

MS Dhoni's family office invests in real estate firm platform SILA

Real estate services firm SILA on Tuesday said it has received a strategic investment from Mahendra Singh Dhoni family office. The company did not disclose the amount invested. Founded in 2010 by Rushabh and Sahil Vora, SILA, backed by Norwest Venture Partners, is into facility management and real estate advisory services across India. SILA manages over 200 million square feet of real estate across 125+ cities in India, with over 25,000 employees. "SILA is a dynamic real estate platform that has stood out in a highly competitive industry. Their ability to scale rapidly while maintaining a strong culture and sharp execution sets them apart," MS Dhoni family office said. SILA said the investment will help accelerate growth, further strengthening its network and expanding its presence across India's evolving real estate landscape.

Rajasthan to set up 3 organisations for mining research, exploration

State plans to expand sector's contribution to economy, seeks investments

Assam emerging as start-up hub, to drive NE manufacturing growth: PM

Prime Minister Narendra Modi on Tuesday said Assam is turning into a destination for start-ups and will soon become a hub of manufacturing in the northeast region. Assam has emerged as a "land of limitless opportunities" with peace accords signed with insurgent groups and resolved border disputes, PM Modi said after inaugurating 'Advantage Assam 2.0 Investment and Infrastructure Summit' here. "Assam is a land of limitless opportunities with peace accords and resolved border disputes. The state is moving fast towards development. Assam's natural resources and strategic location as a gateway to South East Asia have made the state a preferred destination for investors," Modi said. He added, "Assam is turning into a destination for start-up units and will become a manufacturing hub for the northeast soon." Modi also asserted that the value of Assam's economy has doubled to Rs 6 lakh crore during the BJP rule, and this is an effect of the 'double-engine' government. "Amid global ...

State to have $143 bn economy by 2030: CM Himanta at Advantage Assam 2.0

Assam will have a USD 143 billion economy by 2030, Chief Minister Himanta Biswa Sarma claimed on Tuesday, urging investors to join the state's growth trajectory. Speaking at the inaugural function of the two-day 'Advantage Assam 2.0 Investment and Infrastructure Summit' here, Sarma emphasised that the state has emerged from being the "most disturbed" to the "most peaceful" now. "The state's GDP growth this year will be 15.2 per cent. The economy will reach USD 143 billion by 2030," he claimed. "I can assure you today that we will ensure the best working and congenial atmosphere for establishing industries in Assam. Please come and invest here," Sarma said, in the presence of heads of missions and ambassadors of over 60 nations, foreign business delegations and industry leaders of the country. The state has seen a resurgence since 2014, when the BJP-led government under Prime Minister Narendra Modi came to power at the Centre, he said. "After Independence, Assam's economy started t

Kerala attracts proposals worth Rs 1.53 trn from firms in investors' summit

IKGS had a total of 30 special sessions, in addition to an engaging exhibition featuring over 100 enterprises reflecting the focus sectors

Major changes underway to make Kerala a investment hub: CM Pinarayi Vijayan

Highlighting the growth potential in the state, Kerala Chief Minister Pinarayi Vijayan on Friday said changes happening in the state are substantial and efforts are on to ensure an investor-friendly architecture. Inaugurating the Invest Kerala Global Summit (IKGS) here, he said every nerve will be strained and no stone will be left unturned to make the state an investment destination. "We take criticisms in our stride and try to understand what remains to be done in our march forward in making Kerala an investment destination," he emphasised. Vijayan is heading the Left Democratic Front (LDF) government for the second straight term. "Major strides have been made in simplifying the procedures," the chief minister said and stressed that the changes are not incremental but are substantial. The government considers itself as a facilitator and catalyst for investments, the chief minister said and added that serious steps are also being taken to transform the higher education sector. A