Page 7 - Investments

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

Karnataka committed to get investments, become innovation hub: Siddaramaiah

Information technology sector is cornerstone of state's economy, says Chief Minister

Power Grid Corp board okays Rs 367 cr investment in transmission projects

State-owned Power Grid Corp board on Wednesday approved a proposal to invest about Rs 367 crore in electricity transmission projects. Committee of Directors on Investment on Projects' of Powergrid in its meeting held on November 22, 2023, has accorded investment approval for two projects, a BSE filing showed. As per the filing, the first project which got the approval is an augmentation of transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) substation in Telangana at an estimated cost of Rs 142.69 crore. It is scheduled to be commissioned within 21 months from the date of intimation by CTUIL (Central Transmission Utility) letter on July 10, 2023 -- by April 9, 2025. The board also approved the transmission System for Evacuation of Power from the Potential RE Zone in the Khavda Area of Gujarat under phase IV (7GW)- Part E4 at an estimated cost of Rs 224.41 crore, scheduled to be commissioned within 24 months from the date of intimation by CTUIL letter on

Thematic mutual funds gain popularity; attract Rs 14,000 crore in 5 months

Thematic mutual funds have been gaining traction among investors with the category attracting nearly Rs 14,000 crore in the past five months, signalling an increasing high-risk appetite among investors. The category has been attracting regular inflows since June. Before that, the segment saw a net withdrawal of Rs 169 crore in May, the latest data from the Association of Mutual Funds in India (Amfi) showed. Sectoral fund investing is for very high-risk appetite investors as the portfolio is concentrated in a particular sector. Only a well-informed investor should park funds in the sectoral funds. "With an increased risk appetite for equities and awareness of products and offerings, retail investors opt for higher-risk products like thematic or sectoral funds compared to other products, Gopal Kavalireddi, VP - Research, FYERS, said. Going by the Amfi data, thematic funds witnessed an inflow of Rs 3,896 crore in October, which was the second-highest amount in the equity category afte

Net inflows in equity schemes rebounded to Rs 20K crore in October

The net inflows were also supported by the surge in investments coming through the systematic investment plan (SIP) route

GIC collaborates with Vedanta's Sterlite Transmission for $1 bn venture

GIC will put up $500 million in the infrastructure business for a 49 per cent stake. This investment will depend on Sterlite Power winning project tenders

India not planning curbs on imports or investments from Canada: Reports

Ties between New Delhi and Ottawa deteriorated sharply after Prime Minister Justin Trudeau said in September his intelligence agencies were pursuing credible allegations