Page 4 - Investments

PwC making tangible investments for 'high quality' business in China

PwC Zhong Tian LLP was hit with a six-month suspension and a record fine of 441 million yuan ($62 million)

Close irregular PPF accounts of minors, shift to MFs, long-term FDs

Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.

Rajasthan govt working to create 'investment-friendly' environment: CM

The Rajasthan government is working towards creating an investment-friendly environment for industrialists and to attract investment in every sector, Chief Minister Bhajanlal Sharma said. Attending the Economic Times Rajasthan Business Summit here, he said that the government is committed to developing the state as a hub of economic development and investment. In a statement, Sharma said that recently when a film producer told about the need for a film city in Rajasthan, the government identified the land and started the process of its allotment within four hours. He said, "Our government is making decisions for the development of the state in hours, not months and days." The entrepreneurs of the state are in the process of forming joint ventures by signing agreements (MoUs) worth Rs 2,24,000 crore in the energy sector to provide cheaper electricity, Sharma said. He assured that the state government believes not only in signing MoUs but also in implementing them. The state govern

FinMin to develop climate finance taxonomy in 6-10 months: DEA secy

Climate finance taxonomy is a set of guidelines that will help investors and institutions direct funds towards investments that will aid in tackling climate change

Adani Energy acquires Khavda project entailing Rs 4,091 cr investment

Adani Energy Solutions on Monday said it has acquired a 298-km special purpose vehicle (SPV) of the Khavda Phase IV Part-A transmission project entailing an investment of Rs 4,091 crore. Khavda IVA Power Transmission Ltd, an SPV, was set up by REC Power Development and Consultancy Ltd (RECPDCL) to evacuate 7 GW of renewable energy from Khavda RE park, the company said in a statement. Adani Energy Solutions (AESL) will commission the project in Gujarat in the next 24 months on BOOT (build, own, operate and transfer) basis, it said. The company will invest Rs 4,091 crore to build the 298 km (596 ckm) transmission project, as per the statement. The project also includes setting up 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors, it said. AESL won the project through the tariff-based competitive bidding process and will commission the project in the next 24 months on BOOT (build, own operate, a

Canada's Vitera invests Rs 250 cr in Karnataka's Vijayapura for agriculture

Vitera, a leading Canadian agricultural product manufacturing company, has invested Rs 250 crore to develop agricultural infrastructure in Vijayapur district in Karnataka, state Minister M B Patil said on Friday. Vitera made this capital investment decision during a meeting with the Minister held here today. Vitera's investment will help reduce post-harvest losses faced by farmers by building state-of-the-art cold storage facilities for the agricultural community in Vijayapur district, thereby enhancing the efficiency of the production, supply, and sale of agricultural products, Patil who holds medium and large industries portfolio, said in a statement. The company will utilise advanced manufacturing technology to achieve this, he added. Patil also mentioned that the use of modern Canadian agricultural technology, along with this capital investment, will increase agricultural production, thereby boosting the overall economy of the state.

MarketsMojo announces launch of MOJOMF distribution service platform

Fintech platform MarketsMojo on Wednesday announced the launch of its mutual fund investment and distribution services platform MOJOMF. The platform will be a complete advisory solution on mutual funds with guidance on how to generate alpha on investments. The move is aimed at attracting more investors, especially the youth, by making investment processes and advisory simple, accessible and free of charge. "Investors will benefit from our selection of funds, curated by our advanced algorithm, which is customised to fit one's risk tolerance and investment goals. "The ultimate goal is to deliver a balanced and precision-driven investment strategy, tailored to meet one's specific financial goals," Amit Golia, Group CEO at MarketsMojo, said. MarketsMojo also plans to provide a complete wealth management solution in the coming months, starting with the launch of mutual funds (MF), and eventually becoming an asset advisor across the family portfolio. This includes risk profiling and th

Adani Ports to set up 2 projects in MP with Rs 3,500 cr investment

Adani Group firm APSEZ on Wednesday announced setting up a 2 million tonne capacity cement grinding unit in Guna and a propellant production facility at Shivpuri in Madhya Pradesh with a total investment of Rs 3,500 crore. Adani Ports and Special Economic Zone Ltd (APSEZ) MD Karan Adani made the announcement at the Gwalior Regional Industry Conclave here. He said the unit in Shivpuri is strategically aligned with the Aatmanirbhar mission to transform India from a defence importer to a defence exporter. These two projects would create over 3,500 direct and indirect jobs. Referring to the investment made by Adani Group in Madhya Pradesh, he said "we have already invested Rs 18,250 crore and created 12,000 jobs. Gwalior is fast becoming a tourism hotspot and a pool of high-quality talent and also a key transportation and trade hub. These developments are making Gwalior one of India's emerging economic centers, attracting investments across sectors." The Adani defence facility at Gwali

Bain Capital-backed 360 One raises $500 million for secondary fund

Nearly 90 per cent of the capital raised for the new fund was from local family offices and high net worth individuals

Seven & i takeover proposal tests Japan's investment-friendly stance

The new M&A guideline from the economy ministry isn't binding, but its impact has already been seen in a handful of domestic deals with multiple competitive bidders

Elon Musk's X drew capital from Silicon Valley elites, global funds

Court filing, which a judge ordered unsealed as part of lawsuit brought by former Twitter employees, lists scores of shareholders but doesn't offer a breakdown nor delve into latest details of stakes

BPCL plans to invest Rs 1.7 trn to expand core business, new energy foray

State-owned Bharat Petroleum Corporation plans to invest Rs 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in 'future big bets' of petrochemicals and green energy, its chairman G Krishnakumar has said. Bharat Petroleum Corporation Ltd (BPCL), currently, owns about 14 per cent of India's oil refining capacity and about a quarter of the fuel retailing network. It plans to grow these businesses while foraying into newer areas. The firm is now implementing the first phase of a multi-decade aspirational journey in the form of 'Project Aspire' - its five-year strategic framework that is based on two fundamental pillars - 'Nurturing the Core' and 'Investing in Future Big Bets', he said in the company's latest annual report. "Our mid-term strategy is on a continuum. While we remain committed to growing our core businesses, which include refining and marketing petroleum products and upstream, we are equally focused on our big bets

India's bets in Bangladesh surged before crisis in neighbouring country

India's proposed investments in South Asia nation up 350% since 2018-19

Amid China tensions, some US states purge Chinese firms from investments

As state treasurer, Vivek Malek pushed Missouri's main retirement system to pull its investments from Chinese companies, making Missouri among the first nationally to do so. Now Malek is touting the Chinese divestment as he seeks reelection in an Aug. 6 Republican primary against challengers who also are denouncing financial connections to China. The Missouri treasurer's race highlights a new facet of opposition to China, which has been cast as a top threat to the U.S. by many candidates seeking election this year. Indiana and Florida also have restricted their public pension funds from investing in certain Chinese companies. Similar legislation targeting public investments in foreign adversaries was vetoed in Arizona and proposed in Illinois and Oklahoma. China ranks as the world's second-largest economy behind the U.S. Between 2018 and 2022, U.S. public pension and university endowments invested about $146 billion in China, according to an analysis by Future Union, a nonprofit ...

MP receives investment proposals worth Rs 17,000 crore at RIC Jabalpur

MoU to boost defence production in the state signed; proposals worth more than Rs 5,000 crore given by some 1,500 units of the MSME sector

Huge investment opportunities in India: Piyush Goyal to Swiss investors

Commerce and Industry Minister Piyush Goyal on Monday held discussions with potential investors in Zurich and informed them about huge investment opportunities in India. The minister is in Switzerland regarding implementation of the India-EFTA Trade and Economic Partnership Agreement (TEPA). On March 10, India and EFTA signed a free trade agreement under which New Delhi received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Goyal engaged in a series of meetings, highlighting India's growth story and met leading business figures and potential investors, including representatives from MSC Cargo, the commerce and industry ministry said in a statement. They discussed potential collaborations and investment opportunities in various secto

FD Return Calculator Reveals Hidden Investment Opportunities

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More central banks to add to their gold reserves within 12 months: Survey

Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves

Business and economic cycle funds: Dynamic style provides the edge

Business cycle funds invest in themes expected to do well over the medium to long term, such as digital businesses, prem­ium­isation of consumption, and urbanisation

ET Money suspends investments, SIP registration in Quant MF schemes

Cites failure to onboard the AMC under EOP framework