Page 15 - Investment

Rs 13.5-trn annual investment needed for full employment in India: Study

The government needs to enact a 'Right to Work' legislation and invest at least 5 per cent of GDP, that is Rs 13.52 lakh crore, per year to ensure full employment in the country, as per a study by the People's Commission on Employment and Unemployment. The People's Commission on Employment and Unemployment, set up by Desh Bachao Abhiyan, released its study 'Right to Work: Feasible and Indispensable for India to be a truly Civilized and Democratic Nation' on Tuesday. The report stated that full employment cannot be achieved through a piecemeal approach as it requires drastic changes in the legal, socio-political and economic aspects. It suggested that the government should enact a 'Right to Work' law to ensure decent livelihood for citizens. It stated that creating employment for 21.8 crore people needs investment of Rs 13.52 lakh crore per annum or 5 per of the GDP (gross domestic product). It also stressed on increasing this expenditure by 1 per cent of the GDP per annum for the n

Oddr raises $2 mn in seed round from Saama Capital and Twin Ventures

Oddr, which is based in Silicon Valley and India, is planning to launch its services in North America, the UK and Australian market along with setting up an R&D centre in India

Inga, TIH Singapore tie up to launch PE fund for mid-sized companies

The fund has set an overall target of raising Rs 500 crore and has received commitment of Rs 25 crore

Reimagining venture capital

… keeping an eye on democratising finance in India

American Tower Corp weighs offer for stake in Vodafone Towers unit

American Tower Corp. is weighing entering the race for a stake in Vodafone Group Plc's €13 billion ($12.6 billion) wireless towers unit, people familiar with the matter said.

Odisha approves Rs 1,923 cr investment in 10 projects in different sectors

The Odisha government on Friday accorded in-principle approval for setting up of 10 different industrial projects with an investment of Rs 1,923.60 crore in different sectors. The approval was given at the State Level Single Window Clearance Authority (SLSWCA) meeting held here under the chairpersonship of Chief Secretary SC Mohapatra. The committee approved 10 projects worth Rs 1,923.60 crore that would generate employment opportunities for over 5,170 people in the state, said Industry secretary Hemant Sharma. He said the projects approved in the meeting come under diverse sectors like power and renewable energy, chemicals, IT & ESDM, food processing, oil & gas, metal downstream, technical textiles, tourism and infrastructure. The approved projects will be set up across Odisha with four projects being set up in Khurda district, and one each in Puri, Jagatsinghpur, Kendrapada, Balasore, Keonjhar and Angul districts. A proposal of Luminous Power Technologies Private Limited to .

CM Ashok Gehlot woos investors; says Rajasthan has friendly govt policies

Rajasthan Chief Minister Ashok Gehlot on Friday pitched the state as a favourable investment destination that has friendly government policies, excellent road infrastructure, skilled labour, as well as better law and order. In his address at the inaugural session of the two-day 'Invest Rajasthan' Summit here, Gehlot highlighted that there has been an improvement in the happiness index of the state, which also saw its GDP rise by Rs 3 lakh crore to Rs 12 lakh crore in the last three years. Various leading industrialists, including Gautam Adani and Anil Agarwal, were also present. According to Gehlot, Rajasthan today produces 23,000 MW electricity. It had started producing 3-4 MW wind energy and presently produces 4,500 MW energy from wind besides 10,000 MW solar energy. "The state GDP has increased by Rs 3 lakh crore in three years in Rajasthan. Total state GDP today stands at Rs 12 lakh crore. The state's happiness index has also increased, making it a suitable destination for ...

IBM announces $20 billion investment in New York for high-tech projects

Arvind Krishna, CEO of International Business Machines announced a $20 billion investment in quantum computing, semiconductor manufacturing and other high-tech areas in its New York state facilities

Nearly 3,000 delegates, industrialists to attend Invest Rajasthan Summit

Top industrialists and nearly 3,000 delegates from India and abroad will participate in the Invest Rajasthan Summit scheduled to be held on October 7 and 8 here. Chief minister Ashok Gehlot will inaugurate the Summit on October 7. Industrialists including Vedanta Group Chairman Anil Agarwal, ArcelorMittal Chairman and MD L N Mittal, Adani Group Chairman Gautam Adani, Tata Power CEO and MD Praveer Sinha, Mahindra & Mahindra CEO and MD Anish Shah, DCM Shriram Chairman Ajay S Shriram are also scheduled to attend the inaugural ceremony. Nearly 3,000 delegates from India and abroad will participate in the Summit which has the theme of 'Committed-Delivered', an official said. The state government has signed 4,192 MoUs/LOIs totalling Rs 10.44 lakh crore during road shows at international, national and state levels from November 2021 to September 2022 before the Summit. Out of 4,192 MoUs or LOIs, a total of 1,680 MoUs or LoIs are in the implementation stage, which is about 40 per cent, ..

Rajasthan govt signs 4,192 MoUs, LoIs of Rs 10.4 trn ahead of summit

As many as 4,192 memoranda of understanding and letters of intent (LoI) involving investment commitment of Rs 10.44 lakh crore in the state have been signed ahead of the Invest Rajasthan summit which is starting from October 7. Chief Minister Ashok Gehlot said that the theme of the two-day summit is 'Committed. Delivered' in which nearly 3,000 delegates from the country and abroad will take part. Gehlot said that MoUs and LoIs were signed with companies during various road shows in the cities of the country and abroad from November last year to September this year and of them, 520 MoUs/LoIs have been executed and 1,160 are under execution. The chief minister will inaugurate the summit on October 7 at Jaipur Exhibition and Convention Centre (JECC). Sharing the details of the summit at a press conference at his residence, the chief minister said that parallel sectoral conclaves will also be held in the two-day programmes. No MoU will be signed during the summit and the inauguration a

Bandhan Bank stock weighed down by weak sentiment; worst may be priced in

The guidance is for overall 20 per cent growth in 2022-23

Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes

Hero MotoCorp on Thursday said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles. The country's largest two-wheeler maker said it is finalising a collaboration agreement with the California (US)-based manufacturer of premium electric motorcycles and powertrains. The company's board has approved an equity investment of up to USD 60 million in Zero Motorcycles, it added. Zero Motorcycles is the global leader in electric motorcycles and powertrains. Its consolidated revenue for 2021 stood at USD 60.7 million. Hero MotoCorp noted that it is addressing the electric mobility space through a range of organic and inorganic collaboration initiatives and will launch its first electric product, under its emerging mobility brand Vida, on October 7, 2022. The two-wheeler major already has a stake of over 35 per cent in electric two-wheeler company Ather Energy. Shares of the company on Thursday ended 2.11 per cent down at R

Venture Catalysts-backed Elev8 announces $200 mn fund to invest in startups

Venture Catalysts-backed Elev8 Venture Partners on Thursday announced the launch of a USD 200 million fund to invest in tech companies. The fund intends to invest in growth-stage, technology-driven companies in Series B and C rounds, an official statement said, adding that each bet will be between USD 5-USD 15 million. It will be led and co-founded by Navin Honagudi, who was working as a partner at Kae Capital for over a decade and has invested in over 50 companies, the statement noted. Early-stage platform Venture Catalysts is an institutional backer for Elev8, which will be the fourth fund to be backed by the firm and take the total assets under management for the group to over USD 450 million. It can be noted that the announcement comes at a time when the entire ecosystem is going through what is being referred to as a 'funding winter' where investors are shying away from taking newer bets. "Even though liquidity in technology investments is drying up, Elev8 has received an ...

Green energy majors to invest nearly Rs 19,000 crore in Uttar Pradesh

According to a senior govt official, the state is aligning with the overarching target of the Centre to achieve a 450 gigawatt (Gw) in renewable energy and 500 Gw in non-fossil energy capacity by 2030

Birla Corp to invest $1 bn over eight yrs, raise capacity to 30 mn tonnes

Current consolidated capacity is about 20 mn tonnes; mix of greenfield and brownfield projects, de-bottlenecking existing operations to help add another 10 mn tonnes

Equities, Gold, FDs: Where should you invest as global headwinds rise?

With the domestic economy looking ripe to shine despite a possible global recession, analysts recommend investors look at investing a bulk of their investable surplus in equities

Ontario Teachers' opens India office, hires Keki Mistry as advisor

The Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity

Reducing govt spending holds the key to fixing India's inflation worries

If the finance ministry wants private investment to revive, it must make things easy for it and resist the temptation to go on spending just because it can

Fixed investment tenor of 10 years under guaranteed return scheme: PFRDA

Only those investors who remain invested for 10 years will get a guaranteed return and if the actual return falls below the assured amount, pension fund managers shall bridge the gap

Dubai-based Mark ab Capital invests Rs 350 crore in Shriram EPC equity

The Dubai-based company has bought 26.48% stake in the turnkey solutions firm and has become its promoter