Page 8 - Investments

NE underwent transformation to become investment destination: MoS IT

The northeastern region has undergone a "dramatic transformation" to become a competitive destination for investments, Union minister Rajeev Chandrasekhar said here. The Union Minister of State for IT, Skill Development and Entrepreneurship, in an interview with PTI on Friday, said that connectivity was an issue in the region but that has completely changed. Now, one can quickly reach any state capital in the Northeast from any other part of the country, creating a big transformation in terms of potential opportunities for the region, he said. ''Connectivity was holding back the growth of business, technology and infrastructure in the region but during the last nine years, physical and technological connectivity were addressed and now the next step is to ensure economic expansion and to grow the GSDPs to double digits as the combined GSDPs of all the northeastern states is only about 8 per cent of the country's GDP," he said. The next stage of economic growth is the creation of job

Art, watches & luxury handbags to see the highest interest from ultra-rich

According to a report by Knight Frank, 53 per cent of ultra-high-net-worth Indians are likely to purchase these three items in the current year

Investment firm attempts to sell assured return product to Sebi official

Capital markets regulator Sebi has imposed a penalty of Rs 12 lakh on investment adviser Investment Visor for promising assured returns, making misleading claims on its website and mis-selling to clients. Praveen Verma is the proprietor of Investment Visor. Incidentally, one of the employees of Investment Visor called up a Sebi official in the Indore Local Office and offered assured profit or return, the markets regulator said in its order passed on Monday. During the call, the employee was informed that the daily average return being delivered or given by the calls of Investment Visor on the invested amount of the clients is around 20 per cent to 30 per cent, the order mentioned. Moreover, the employee informed the official that risk profiling of the client is being done by Sebi-Mumbai. Apart from these, other violations by Investment Visor include failure to resolve complaints received on SEBI Complaints Redress System (SCORES); collection of GST from clients even after cancella

As many as 393 infra projects show cost overruns of Rs 4.64 trn in June

As many as 393 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.64 lakh crore in June 2023, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,643 projects, 393 reported cost overruns and as many as 815 projects were delayed. "Total original cost of implementation of the 1,643 projects was Rs 23,86,687.07 crore and their anticipated completion cost is likely to be Rs 28,51,556.84 crore, which reflects overall cost overruns of Rs 4,64,869.77 crore (19.48 per cent of original cost)," the ministry's latest report for June 2023 said. According to the report, the expenditure incurred on these projects till June 2023 was Rs 14,99,771.71 crore, 52.59 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreased to 594, if delay is calculat

Global accounting firms setting up investment in smaller Indian cities

For decades, large multinational corporations have rushed to India's biggest metropolises, chiefly Mumbai, Delhi and Bengaluru

Norway approves 19 oil, gas projects; resulting investments over $19 bn

Norway announced on Wednesday it approved 19 oil and gas projects on the Norwegian continental shelf, saying the total investments are worth over 200 billion kroner (USD 19 billion). "The projects are also an important contribution to Europe's energy security, said Terje Aasland, Norway's minister for petroleum and energy. Norway was the only net exporter of oil and gas in Europe, he said, adding, By carrying out these projects we ensure new production from the latter half of the 2020s, so that we can maintain high Norwegian deliveries. The projects consist of new developments, further development of existing fields, and investments in projects for increased extraction at existing fields. Norway, one of the world's wealthiest countries due to its vast oil and gas reserves, said earlier this month that it wants to open parts of its continental shelf for commercial deep-sea mining in line with the country's strategy to seek new economic opportunities and reduce its reliance on the oi

Centre approves Rs 56,000 cr for 16 states for capital investment

Projects approved in sectors such as health, education, irrigation, water supply, power, roads, bridges and railways; Bihar gets lion's share of funds at Rs 9,640 cr, MP gets Rs 7,850 crore

In a first, investments have been made in all 75 districts of state: UP CM

Addressing the inauguration ceremony, CM talked about the developmental works carried out in the district and the progress it made over the last few years

Investments by sovereign wealth funds surge 56% in 2022: SWFI analysis

SWFI has announced a Global Wealth Conference (GWC), taking place in London on May 31 and June 1 in London

Reduce compliance burden to aid investments: NABFID Chairman K V Kamath

Economic growth of 7% will attract FDI flows in India

CPP Investments' India portfolio crosses $14.77-billion mark: Report

In FY23, the fund invested in ReNew Energy Global and holds a 51.9 per cent economic stake with $1.33 billion of invested capital

Global investment firms IFC, M&G invest in Vivriti Retail Asset Fund

The fund will focus on scaling investment in securitised debt securities with MSE-backed assets

Tiger Global to invest in Rajasthan Royals at a likely valuation of $650 mn

The investment firm is likely to invest $40 million in the franchise at a valuation of $650 million

Big money rushes into carbon capture and storage. Can it deliver this time?

But after decades of failing to reach the scale needed to make a real difference, the people responsible for approving generous subsidies and directing billions in investment want proof

Seeking alpha? Go for factor-based fund, limit exposure to 15-20%

While single-factor funds may underperformance at times, a multi-factor one could offer smoother experience

EV financing platform Ohm raises Rs 3 cr in funding led by Antler India

Company will use the money on technology platform connecting EV players and financial institutions

Tech investors focus on profits after layoffs; companies to highlight AI

The companies are likely to give updates on their AI efforts, a trend noticeable since last quarter when chief executives packed earnings calls with mentions of the technology

Investors should stagger entry into medium-to long-duration debt funds

Take limited exposure, counter risk of possible decline in NAV with adequate investment horizon

Start locking into best available FD rates; invest across tenures

By laddering across various tenures, you can ensure a regular flow of funds and maintain liquidity

Encouraged by viewership, JioCinema to recoup IPL investments ahead of time

Reliance-owned JioCinema, which has live streaming right for the Tata IPL, expects to recoup the investments made to acquire it before next three years, encouraged by 'record number' of viewership and backing of advertisers, a top company official said on Thursday. JioCinema is quite upbeat after it achieved the highest concurrent viewership of 2.2 crore on Wednesday in the match played between Chennai Super Kings and Rajasthan Royals in Tata IPL 2023 and expects many more records as the over 70 matches tournaments proceed to knock out stages. The streaming platform has so far taken 23 sponsors on board and has signed over 100 small advertisers. The number would grow as the almost two-month-long T20 tournament progresses further, Viacom18 Sports CEO Anil Jayaraj told PTI. When asked whether Reliance would break even or recoup the investment in IPL as it has given free streaming, he said, "Our original plan for break-even was in year three and thereabouts but we are doing much bette