Page 8 - Investments

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

Flipkart's 200 delivery hubs, investments in TN boost job opportunities

E-commerce company Flipkart has set up eight supply chain facilities and 200 delivery hubs in Tamil Nadu under its initiative towards creating inclusive job opportunities besides boosting economic growth, the company said on Tuesday. The company has onboarded 15,000 kirana partners under its Kirana Delivery programme, which enables faster customer shipments and also creates an alternative source of income for the partner kirana stores in the state. Kirana stores refers to small grocery stores that are usually family-owned. "Flipkart has eight supply chain facilities including fulfilment and sortation centres across Tamil Nadu, including Chennai, Coimbatore and Hosur, which help in connecting sellers to the pan-India consumer base while delivering growth opportunities for the state," the company said in a statement. Flipkart has also supported capacity building, knowledge sharing and training of small and marginal farmers under its Flipkart 'Samarth Krishi programme'. "Over the past

Investments in UP will create 10 million jobs for youth, says CM Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said one crore youths of the state will get employment in the next three years through investment proposals received at the recently held Global Investors Summit. He was speaking after laying the foundation stone of a rural mini-stadium at Bholaram Maskara Inter College in Sahjanwa here, which will be built at a cost of Rs 10.43 crore. The stadium will have a multi-sports complex, athletics track and an audience gallery. Adityanath said investments to be made in the Sahjanwa assembly constituency and other places will also enable the youths to get jobs near their native places. "The government will also distribute two crore tablets and smartphones to students across the state in degree colleges, he said. Besides, several new technical and other institutes are being built to prepare the state's youth for the job market. A polytechnic institute will be built here also. Atal Residential School being built here will be inaugurate

DBS Bank India offers Morningstar-curated investments on risk preference

The feature called 'digiportfolio' uses tech and human expertise to customise investment options for different investors