Page 10 - Investment

UP govt delegations invite overseas investments across sectors in state

Several countries have evinced interest in investing in sectors like defence manufacturing in Uttar Pradesh and also participate in the Global Investors Summit to be held in February next year. On Tuesday, various delegations of the UP government travelled to countries, including the US, Canada, South Korea, Belgium, Australia, the UAE and Brazil, urging investors to invest in UP in various sectors, including infrastructure, defence and tourism, as per an official statement. Several investors evinced interest in investing in defence manufacturing, among others, while two important MoUs (memorandums of understanding) were also signed by Western Sydney University, it said. Besides, Agristo Belgium has expressed its intention to invest Rs 300 crore in the food sector of UP by 2023. The Yogi Adityanath government has set a target of attracting investment of Rs 10 lakh crore in the state through Global Investors Summit to be held in February next year. To achieve this goal, a team of

PLI scheme qualifiers, steel ministry to ink pacts for investment proposals

Qualifiers of PLI scheme for specialty steel will soon sign agreements with the steel ministry to take their investment proposals forward. The selected players have already been sent letter of approvals post selection in the scheme, a senior steel ministry official said. On Friday, the government announced selection of 67 entries with an investment potential of Rs 42,500 crore under the scheme. The proposed investments are expected to generate 70,000 job opportunities and add 26 million tonnes of speciality steel capacity in the country. When asked about the next course of action, the official replied, "Now the selected companies will sign a memorandum of understanding (MoU) soon with the ministry of steel to take their commitments forward." Except for the divestment-bound RINL, all major steel players along with a few others participated in the scheme, the official said, adding there was no application received from any international player. As many as 35 companies had submitted

One in two urban Indians investing more post Covid: DSP MF-YouGov Survey

45% respondents raised their investments as pandemic forced a rethink on financial health, 23% slashed it due to pay cuts, fall in risk-taking capacity, uncertainty in business and job loss

Banks need to scale up investments in technology, says RBI's MK Jain

Financial institutions must build capacities in analytics and HR, says central bank deputy governor

How do I Start Offering Stock Advisory Services in India

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UK-based Nithia Capital eyes 3.5 MT steelmaking capacity in India: CEO

Government infrastructure will fuel domestic steel consumption for two years, says Jai Saraf

Australian investors meet UP CM Yogi to discuss opportunities in state

A delegation of Australian investors on Friday met Uttar Pradesh Chief Minister Yogi Adityanath at his official residence here. During the meeting, the delegation -- led by Australia's Deputy High Commissioner to India Sarah Storey -- discussed the possibilities of investment in various sectors in Uttar Pradesh and expressed its enthusiasm for participation in the Global Investors Summit 2023, the state government said in a statement. The chief minister said the Uttar Pradesh government is organising a Global Investors Summit in Lucknow from February 10 to 12 next year. "With the aim of increasing the per capita income in the state, it is our endeavour that the country and the world can benefit from the immense business opportunities available in the state. "This Investors Summit will prove to be useful in providing an integrated platform for the global industrial world to cooperate in economic development. The cooperation of Australian entrepreneurs/ investors will be useful in ..

NIIF to make investment of Rs 631 crore in GMR Group's Mopa airport in Goa

The investment will be made via compulsory convertible debentures in GMR Goa International Airport, the special purpose vehicle (SPV), which will operate the new airport in Goa

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

Princeton Digital Group launches $300 million data centre in Mumbai

Princeton Digital Group (PDG) on Wednesday launched its flagship data centre called MU1 in India with an investment of $300 million

Indonesia plans to build nuclear power plant by 2039, seeks investors

The plant aims to provide new and renewable energy for the Southeast Asian country so that it can reach its zero emissions target

ICICI Prudential Equity & Debt Fund: An outperformer in hybrid category

The fund's investment objective is to generate long-term capital appreciation and current income from a portfolio invested in equity, equity-related securities, and fixed-income securities

Average SIP ticket size shrinks 23% in over 3 years despite rising inflows

The industry attributes the gradual decline in SIP ticket size to the growing penetration of mutual funds (MFs) on the back of rising ease of investment

CIEL Group makes 'strategic investment' in Next Leap Career Solutions

City-based CIEL Group has made a strategic investment in Next Leap Career Solutions Pvt Ltd by signing a definitive agreement to acquire 100 per cent equity stake in tranches, the company said on Sunday. The acquisition is part of the strategic vision of the company to expand its offering in the human resource services space. "With this acquisition, CIEL Group strengthens its position further as a workforce solutions company leveraging technology," said a company statement. Pi Capital and Legalogic are advisors of Next Leap Career Solutions, while NovoJuris represents CIEL Group in this deal. However, the company did not disclose the value of the deal. CIEL (HR services) managing director Aditya Narayan Mishra said, "This acquisition, in line with our IPO plans, is part of our strategic vision to expand our technology-led offerings in the HR services domain." "It will complement our existing subsidiary Integrum Solutions operating in HR technology space and will help us expand ou

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

In its bid to diversify Abu Dhabi's business activity beyond hydrocarbons, the UAE's capital city is seeking more investments from India which will not only benefit the local economy but also allow Indian firms to use it as a platform to grow their footprints around the world. Abu Dhabi has identified priority sectors including agritech, tourism, healthcare, pharma and financial services, where Indian enterprises can invest. Abdulla Abdul Aziz Alshamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) which is tasked with pulling the investments, told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE. Alshamsi pitched for Indian companies to use Abu Dhabi as a platform to grow their footprints around the world, and added that their presence will benefit the local economy as well. At a time when Indian startups are scouting for better opportunities ...

Odisha business summit receives Rs 10.5 trn investment intents: CM Patnaik

Odisha has received an impressive Rs 10.50 lakh crore investment intents at the third edition of the Make In Odisha (MIO), Conclave, 2022, Chief Minister Naveen Patnaik said on Saturday. It's a win-win situation for the investors and the state, he said. "I am happy to announce that the conclave has generated investment intents of Rs 10.50 lakh crore with potential for 10.50 lakh direct and indirect employment. It's heartening to see the huge response we have got especially in the post covid scenario," an elated chief minister said at the concluding session of the MIO, Conclave. Patnaik called all stakeholders to work hard to implement these investments on the ground and take Odisha to a new era of growth. The chief minister assured all investors that the state will walk the extra mile for them. "We will walk the talk. It will be a win-win situation," he said. Patnaik gave special thanks to MIO, Conclave's country partners - Japan, Norway, and Germany. "I hope that we further ...

SRAM & MRAM to invest Rs 2 trillion in Odisha, set up semiconductor unit

United Kingdom-based SRAM & MRAM Group vice-chairman Gurujee Kumaran Swami on Saturday announced that the group will invest Rs 2 lakh crore in Odisha to set up semiconductor unit in the state. The announcement was made at the Make in Odisha (MIO) Conclave, 2022 here. Swami and the company's Odisha in-charge Debadutta Singh Deo said the group will invest Rs 30,000 crore in the first phase. Earlier they met Chief Minister Naveen Patnaik and briefed him on the proposed project. They also discussed in detail about the project with chief secretary SC Mohapatra, Industries secretary Hemant Sharma and other officials. Meanwhile, the Odisha government received large investment commitments and signed multiple MoUs in Electronics and IT at the MIO Conclave. A direct investment commitment of Rs 8,200 crore has been received which is likely to create over 40,000 jobs in the state, an official said. The big names which made investment commitments or signed MoUs include Intel, Oracle, Global .

Amara Raja to invest Rs 9,500 crore in Telangana battery-making unit

Unit will house Amara Raja E-hub, an advanced energy research and innovation centre to meet firm's development needs and offer facilities to other players in the energy and mobility space

Art as investment: How to build a collection that will last in value

It is an asset that long-term commitment and keen interest in trends and taste

Nearly $600mn of investments pitched to accelerate progress toward SDGs: UN

Colombia, Eswatini and Malawi have pitched nearly $600 million worth of high-impact, investment-ready projects at the SDG Investment Fair