Page 6 - Investments

India leads in GenAI adoption, investment trends likely to rise: Report

India leads globally in adopting GenAI technologies as a vast percentage of organisations incorporate GenAI in operations, and a majority of the populace expects increased investments and budget allocations towards Gen AI in the next 2-3 years, according to a recent report. Search analytics firm Elastic on Monday released the Generative AI Report that gathered insights from 3,200 IT decision-makers and influencers across sectors in the US, Europe, and Asia-Pacific. In the Asia Pacific and Japan region, 1,200 were surveyed, including 300 from India. According to the report, 81 per cent of Indian organisations have already implemented GenAI, making India the leader in adopting generative artificial intelligence technologies. The study also predicted promising investment trends in near future, with about 94 per cent of respondents anticipating increased investments and budget allocations towards GenAI initiatives in the next 2-3 years. However, almost all of the respondents expressed

Hybrid MFs stage comeback; see Rs 1.45 trn inflows driven by investments

Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments, driven by substantial inflows into the arbitrage category, following withdrawals in the previous fiscal year. The surge in assets was complemented by an increase in the number of investors, with the number of folios reaching 1.35 crore in March 2024 from 1.21 crore a year earlier, adding an investor base of 14 lakh. This shows investors' inclination for hybrid funds. Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold. The category has been attracting regular inflows since the beginning of financial year 2023-24 in April after a change in taxation for debt funds that kicked off in the same month. Before that, the segment saw a net withdrawal of Rs 12,372 crore in March. Overall, the hybrid category saw net inflows of Rs 1.45 lakh crore in FY24, compared to an outflow of R

Watches are not investments, comparing to stocks risky, says Rolex CEO

Rolex is the biggest Swiss watch brand and dominates the industry with an estimated 30% market share. Known for its Datejust, Daytona and Submariner models

Adani Group shrugs off Hindenburg effect, back to rapid expansion spree

Adani group opened a USD 1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project. It started with the March 26 announcement of Adani Ports acquiring a 95 per cent stake in Gopalpur Port for Rs 3,350 crore, taking the number of seaports under its control to 15 - the highest with any private firm in the country. This was followed by Adani Enterprises Ltd - the group's flagship firm and business incubator - announcing on March 28

Planning for FY25, making safe investments: Top personal finance stories

Our top stop stories this week tell how you how to review your portfolio and what to do if you are a risk-averse investor

Roll-out of PM MITRA to help attract large investments in textiles: Experts

Expeditious implementation of the ambitious scheme to develop seven PM Mega Integrated Textile Regions and Apparel (PM MITRA) parks will help in attracting large investments, including FDI, in the sector besides generating huge employment, said industry experts. After inaugurating 'Bharat Tex 2024', one of the largest-ever global textile events to be organised in the country, Prime Minister Narendra Modi threw light on the government's expansive plans to create seven PM MITRA parks in various states and underlined the emphasis on the creation of opportunities for the entire textile sector. The parks are coming up in Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra. Nearly Rs 70,000 crore investment and 20 lakh employment generation is envisaged through these parks. The valuation of the Indian textiles market is estimated at Rs 12 lakh crore. The Union Ministry of Textiles is overseeing the execution of these projects. A special purpose vehicl

India now key semiconductor player, investment proposals received: MoS IT

India has made significant strides in the semiconductor sector in the last two years during which the government received investment proposals of Rs 2.50 lakh crore from global chip makers, Union minister Rajeev Chandrasekhar has said. In the last 10 years, India has moved out of the league of 'Fragile Five' and become the world's fifth largest economy, the Minister of State for Electronics & Technology said. Speaking at the 'Viksit Bharat Ambassador Meet' organised in Pune on Wednesday, Chandrasekhar said India has become a source of inspiration for countries across the world in terms of its inclusive policies. "We have become a beacon of hope and inspiration for countries across the world in terms of our inclusive policies, in terms of how you transform governance and make governments work for people. In the next few years, the prime minister has set a target for India to become 'Viksit Bharat'," he said. Talking to reporters on the sidelines of the event, Chandrasekhar said ...

Disney leans on AI in latest class of startup investments: Report

Walt Disney Co. chose three companies working on artificial intelligence to be among the five picked for its annual business incubator program

Focused on making Arunachal attractive investment destination: Kiren Rijiju

Union Minister Kiren Rijiju has emphasised his commitment to making Arunachal Pradesh an appealing investment destination in the coming years. Participating in a Deevar Lekhan Abhiyaan (wall painting) programme here on Tuesday, the Union Minister for Earth Sciences expressed his determination to double development activities and work towards increasing the GDP of the state. The event was organised by the BJP Capital unit at Nyokum Lapang area here. The minister, who drew a lotus, the party's symbol as a part of the national campaign, said the state government led by Chief Minister Pema Khandu is working for the all-round development of the state with the blessings of Prime Minister Narendra Modi. BJP state secretary and convenor of the programme Taring Tiri said the initiative aimed to encourage party karyakartas for a collective commitment to the party's goals. He said the wall painting programme is inclusive in nature. Tiri suggested that individuals who are not proficient in .

IT services companies' GenAI investments likely to soar this year

Clients in the Asia-Pacific (APAC) region are expected to treble their investments in GenAI, although they currently lag behind their North American counterparts

Indian companies look to cash in on bulging infrastructure order book

The growth of the big companies is trickling down to smaller companies and suppliers too

40% of our FY25 investments to be in AI: Coforge CEO Sudhir Singh

The Noida headquartered company plans to invest in setting up new cloud infrastructure and AI studio at its campus

Clean energy: Govt, CEOs commit to triple investments in emerging economies

More than 20 ministers and CEOs from various countries including India on Wednesday joined a World Economic Forum alliance to unlock an estimated USD 2.2-2.8 trillion needed for the Global South's clean energy transition. Announcing the launch of the alliance at its Annual Meeting 2024, the WEF said it will provide a platform for developing economies to raise awareness about their clean energy needs, share best practices and sustainably accelerate their energy transitions. The Network to Mobilize Clean Energy Investment for the Global South is made up of over 20 CEOs and government ministers, including from across Colombia, Egypt, India, Japan, Malaysia, Morocco, Namibia, Nigeria, Norway, Kenya and South Africa. The Forum also released a new report, Building Trust through an Equitable and Inclusive Energy Transition, that outlines a framework to guide policy-makers and business leaders from the energy sector towards a just, equitable and inclusive energy transition, particularly in

Qualcomm expands presence in Chennai with proposed investment of Rs 177 cr

Chip designer Qualcomm on Sunday announced an expansion in Chennai with a new design centre that entails a proposed investment of Rs 177.27 crore and job creation for up to 1,600 skilled professionals. The new centre will specialise in wireless connectivity solutions, with a focus on innovations that complement Wi-Fi technologies. It will also actively contribute to Qualcomm's global Research and Development endeavours in 5G cellular technology, affirming the company's commitment to be at the forefront of the wireless communications industry, according to a release. The new design centre is expected to generate jobs for up to 1,600 skilled professionals, contributing to the growth and development of Chennai's vibrant workforce, it said. "At the Tamil Nadu Global Investors Meet in Chennai today, Qualcomm Incorporated announced a significant expansion in Chennai with a new facility for their Design Centre, representing a proposed investment of Rs 177.27 crore," the release said. Savi

India Inc eyes growth in 2024, plans to boost hiring, investments

Higher corporate earnings, consumer spending, FDI to drive up markets

India transforming from nation of savers to that of investors: Uday Kotak

India has transformed from being a nation of savers to investors and the tussle between the saver/borrower and issuer/investor model is underway

Adani family to invest Rs 9,350 cr in green unit via issuance of warrants

The quantum of warrants constitutes up to 3.833 per cent of the share capital of the company. As of the September 23 ended quarter, promoters and promoter groups held a 56.26% stake in the company

Hong Kong to offer residency to wealthy for $3.8 million investment

Known as the Capital Investment Entrant Scheme, the plan was announced during Hong Kong Chief Executive John Lee's policy address in October.

Rajiv Jain-led GQG's $10 billion India bet has winning picks beyond Adani

The value of India investments across six of GQG's funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg

Karnataka eyes Rs 1.4 trillion investment annually to boost state economy

Some of the big-ticket investment proposals received by the state include Foxconn, IBC, AMD, Qualcomm, Applied Materials, Marubeni and Tata Technologies