Page 11 - Investment

Odisha receives 145 proposals worth Rs 7.26 trn so far in biz conclave

The Odisha government said it has so far received 145 investment proposals worth over Rs 7.26 lakh crore in the current edition of the business summit. The Naveen Patnaik government signed 21 MoUs with various companies on the second day of the 'Make In Odisha' Conclave 2022 on Thursday. The JSW Group alone committed an investment of Rs 1 lakh crore in the state, an official said. Odisha Industry secretary Hemant Sharma stated that the investment intents worth Rs 7,26,128.45 crore, if grounded, would create employment opportunities for over 3.20 lakh people. The third edition of the business summit was attended by representatives of different corporate houses such as LN Mittal, Anil Agarwal, Sajjan Jindal, TV Narendran, Naveen Jindal, Karan Adani, Praveer Sinha and delegates from 11 countries. During the day, the state government unveiled 'Renewable Energy Policy 2022' in the programme. Chief Minister Naveen Patnaik has already assured the investors of all support for setting up

Data centres in India attract investment of $10 bn since 2020: Report

Data centres have received investments of USD 10 billion (about Rs 81,247 crore) since 2020 as demand for such facilities has risen amid sharp growth in data consumption, according to property consultant Colliers India. In its report 'Data Centre: Scaling up in Green age', the consultant projected that India's data centre stock is likely to double to about 20 million square feet by 2025 from its current capacity of 10.3 million square feet. India currently has about 770 MW data centre capacity across the top seven cities -- Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. "The growth of data centres in India is led by massive explosion of data consumption through digitisation, increased cloud adoption, etc, over the last two years. At the same time, data centre operators are enthused by the incentives such as subsidised land, stamp duty exemption, etc provided by several states," the statement said. Mumbai accounts for the largest share of data centres at 49 pe

TN eyes key role in offshore wind energy, may mop up $30 bn investments

According to govt estimates, 14 locations have been identified in the state, with potential to generate 25 Gw of wind energy

Consistency should be key criterion when choosing NPS fund manager

Asset allocation to NPS should depend on age, risk appetite and asset mix in existing investments

Most Indian organisations plan raising AI investment this year: Report

Amount will be driven by 'business outcomes', according to survey of 200 business leaders

Investment in agri tech startups jumps 2-fold to $4.6 billion in FY22

Investment in technology startups in the agriculture and food sector jumped over twofold to USD 4.6 billion during the last fiscal on the back of higher inflow in restaurant marketplace and e-grocery, according to a report by AgFunder and Omnivore. "Total investment in agrifoodtech startups for India's fiscal year (FY) 2022 stood at USD 4.6 billion, up 119 per cent from FY2021. Deal volume also increased to 234 in FY2022 as compared to 189 deals in FY2021," according to the report titled 'India AgriFoodTech Investment Report 2022'. AgFunder is foodtech and agtech venture capital firm, while Omnivore is a venture capital firm, based in India, which funds entrepreneurs building the future of agriculture and food systems. "Downstream investments continue to boost overall funding into the agrifoodtech space. Downstream startups raised USD 3.8 billion in FY2022, a 115 per cent increase from USD 1.77 billion in FY'2021. This significant growth is due to Swiggy which raised USD 1.2 billion

Disruptive tech is fueling investment and innovation in Indian HR Tech

As the pandemic pushed organizations to work remotely, the HR Tech space saw an influx of investments

Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks

This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm

Dharmaj Crop Guard IPO subscribed over 5x on strong retail, HNI interest

The two categories were subscribed around 7 times each; QIB was nearly half covered

Dharmaj Crop IPO subscribed 1.8x on Day-1, QIB portion not fully covered

Retail, HNI fully covered, institutional investor portion subscribed 35%

Welspun One Logistics Parks Fund 1 commits Rs 500 crore warehousing AIF

Creates a portfolio of Rs 2,300 crore across five cities, aggregating to about 6.6 million square feet of gross leasable area

Motilal Oswal invests Rs 450 cr in Shapoorji Pallonji Real Estate

Takes exposure to two projects--one commercial, the other a residential township

What ails the investors & firms?

Handing over the keys to CEOs does not do justice to the possibilities of each firm

Budget 2023: MFs seek LTCG exemption for longer-term equity investments

Industry says exemption for those staying invested for over three years will help channelise flows into financial assets

Investing it wisely: Mutual fund investors 'buying low & selling high'

This 'buy low and sell high' strategy has not always worked for them

Selecting a target maturity fund based on your horizon and risk appetite

Constitution of underlying indexes doesn't matter since all the three categories of bonds they invest in are safe

"Differentiated offerings should be the criteria for selecting a broker"

Our investment reflects confidence in India's economy: AM/NS India CEO

ArcelorMittal and Nippon Steel, has embarked on an expansion that includes increasing capacity at its existing location, Hazira in Gujarat, and setting up new plants in Odisha

India capable of growing 9%, but 6.5-7% satisfactory: Sanjeev Sanyal

India is capable of generating a 9 per cent growth rate but in view of the geopolitical situation, we should be satisfied with a 6.5-7 per cent economic expansion, says Sanjiv Sanyal, member of the Economic Advisory Council to the Prime Minister. India is following an "investment and export-driven growth model" and against the backdrop of "turbulent" global times, the RBI and the government have followed a restrained macro-economic approach, which is a correct step. "It is a very turbulent time and we are generating a 7 per cent growth rate already. Nothing to sniff at. But if we get an open road, this economic machinery that we have built is capable of generating a 9 per cent growth rate," Sanyal said at the Times Now Summit 2022. The global economy is facing supply chain disruptions following the outbreak of the Russia-Ukraine war in February. In its World Economic Outlook released last month, the International Monetary Fund (IMF) forecast global growth to slow from 6 per cent

European investment tool worth $27 billion adopted in Greece this week

The program aims to unlock investments of over 372 billion euros across Europe, to support the EU's strategic priorities, these include the European Green Deal and the digital transition