Page 2 - Investment

G20 Sherpas meet to take stock of work under India's Presidency

Kumarakom in Kerala to host 3-day meet from tomorrow

Highdell Investment sells 2.26% stake in Kalyan Jewellers for Rs 256 cr

Highdell Investment, which is owned by private equity major Warburg Pincus, on Tuesday divested 2.26 per cent stake in Kalyan Jewellers India Ltd for little over Rs 256 crore through an open market transaction. Following the deal, shares of Kalyan Jewellers plunged 9.06 per cent to settle at Rs 107.9 on the National Stock Exchange (NSE). According to bulk deal data available with the NSE, Highdell Investment sold a total of 2,33,25,686 shares of the jewellery chain company, amounting to 2.26 per cent stake in the company. The shares were offloaded at a price of Rs 110.04 apiece, taking the transaction size to Rs 256.67 crore, as per the data. However, the buyer of the shares could not be ascertained immediately. Highdell Investment owned 26.36 per cent stake in the company as of December quarter, latest shareholding data with the BSE showed. Kalyan Jewellers India Pvt Ltd is into manufacturing and sale of gems and jewellery. In December 2022, Kalyan Jewellers announced plans to

Jindal Stainless to invest Rs 1,200 cr in nickel pig iron JV in Indonesia

JSL says it is the first strategic partnership by an Indian company for securing a stake in a nickel reserve abroad

Bullish on Indian market, continuing to invest via partners: Coca-Cola

Global beverages major The Coca-Cola Company is bullish on the Indian market and is continuing to invest in the country through its partners, the company's President and Chief Financial Officer John Murphy said on Monday. India's rapid progress in infrastructure, electrification and digitisation offer a long runway ahead for the economy to grow and it fosters confidence, he said at a media round table here. A lot of development has taken place in urban and rural India, which has created an emerging middle class, ensuring growth for many years to come, he said. "When you have an economy growing, our industry typically benefits from economic growth," he said. "For us, there are tremendous ingredients to the growth equation that we are developing. And to manage growth, you have to invest. We are fortunate to have partners in India who believe in the opportunity they have and are investing in infrastructure and people," he noted. A lot of investment is underway through franchise bottl

Torrent Investments unlikely to participate in 2nd auction for Reliance Cap

The only resolution done for a financial services company under special powers of RBI Section 227 was DHFL which was won by Piramal Group

Govt need investments to address lack of feedstock cracker in petrochem

The government on Friday said there is a shortage of feedstock cracker in the petrochemicals sector and more private investments are required in the sector to reduce imports. Addressing an Assocham-organised conclave on speciality chemicals, Chemicals and Petrochemicals Secretary Arun Baroka said with electric vehicles coming up and demand for petrol/diesel set to reduce, automatically there will be more push for petrochemicals in future. "We know that there is a shortage of feedstock and it is estimated that we need one (feedstock)cracker every year till 2040 but that kind of investment is not coming now. There will be a shortfall in terms of the numbers of crackers which are required by the country. When there is a shortage, obviously we will be dependent on imports," he said. An investment of Rs 18 lakh crore is required for increasing feedstock cracker as estimated in a report by Indian Oil Ltd and Engineers India Ltd. However, the government alone cannot make this kind of ...

LIC plans investment exposure caps post Adani share rout: Reports

After the Adani group lost over $100 billion in valuation post scathing allegations by U.S.-based Hindenburg Research, state-run LIC was criticized for having over $4 billion exposure

Future Investment Value and How to Calculate Them: A Detailed Guide

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CCI clears investment by Qatar Investment Authority in BTS Investment 1 Pte

The Competition Commission of India (CCI) on Thursday said it has approved the proposed investment by Qatar Investment Authority in BTS Investment 1 Pte (BTS1), a Singapore-based pooled vehicle. QIA is a sovereign wealth fund of the State of Qatar, while BTS1 is an investment venture firm of James Murdoch's Lupa Systems and ex-chairman of Star and Disney India Uday Shankar. The proposed transaction relates to the proposed investment by Qatar Investment Authority in BTS1, which is raising capital from various investors for its investment in Viacom18, CCI said. Last year in February, Murdoch and Shankar announced the formation of the firm, Bodhi Tree Systems (BTS) raising up to USD 1.5 billion from QIA. Thereafter, in April, BTS said that it will invest Rs 13,500 crore in broadcaster Viacom18 as part of a tripartite partnership with billionaire Mukesh Ambani's Reliance, to form one of the largest TV and digital streaming firms in India. In September 2022, fair-trade regulator CCI on

There's a huge opportunity for performing credit funds: VAM's Sukumar

Sukumar explains why investment opportunities in this space are expected to grow manifold

Ahead of Karnataka polls, Bommai govt keen to score high on investments

Of proposals worth Rs 9.8 trillion in last year's investors' summit, 52 per cent have been realised, so far, claim state officials

IFC to invest Rs 600 cr in Mahindra & Mahindra's new last-mile EV firm

Global development institution IFC will invest Rs 600 crore in a new last-mile mobility (LMM) company, a wholly-owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo), it announced on Wednesday.

Rs 8,000-crore Foxconn project receives Karnataka govt's approval

A total of 18 projects worth Rs 75,394 cr sanctioned

Elista to invest Rs 250 crore to set up new facility in Andhra Pradesh

Electronics maker Elista India will invest Rs 250 crore to set up a manufacturing plant in Kadapa, Andhra Pradesh, in five years, which will help the company meet the domestic and exports markets demand, Chairman and Managing Director Saket Gaurav said. The investment for the new plant would be funded equally from equities and debts, as the company is in talks with some financial institutions, said Gaurav. "We plan to put our investment in a phased manner. Initially, we will be investing around Rs 50 crore, which will produce almost one million units of smart TVs and monitors," he said, adding, "in five years, we will invest almost Rs 250 crore in this facility." The company has plans to get into the production of home appliances like refrigerators, washing machines and dishwashers from this facility, said Gaurav, adding that it would create around 500 jobs. "The revenue which we can generate out of this plant would be close to Rs 1,500 crore (when fully completed), combined from .

WinZO to invest $50 mn in gaming ecosystem as part of Game Developer Fund

Gaming startup WinZO plans to invest USD 50 million (about Rs 410 crore), in the global gaming ecosystem as part of its flagship Game Developer Fund, the company said on Monday. The company expects to invest at least USD 10 million of the fund in US-based startups as part of the programme. "Indian gaming startup WinZO announced the fourth edition of its flagship Game Developer Fund with the largest ever corpus of USD 50 million to support the global gaming ecosystem. It expects to invest at least USD 10 million of the fund in US-based startups," the company said in a statement. WinZO is looking to invest the fund in startups across all forms of interactive entertainment-- game developers and publishers, economies around gaming, content creation, live-ops, and security. The games cover diverse genres from casual, action, sports to mid-core multiplayer games such as tennis, golf, more. "Given our platform play at WinZO where we have access to the performance of over 100 games by mor

Samsung to invest in smart manufacturing capability, research in India

Korean electronics major Samsung will invest in setting up smart manufacturing capabilities at its largest mobile phone plant in Noida to make production more competitive, company's global head for mobile business said here on Monday. Samsung Electronics President and Head of Mobile eXperience Business T M Roh in response to a PTI query on company's investment plan in India said that the company will continue to invest in research and development facility in the country. "We will continue our investment to bring the optimised and or smart factory to the Noida facilities. We will continue our investment there. I believe this our investment for the smart factory will bring competitiveness in the production," Roh said. Samsung has its biggest manufacturing facility in Noida. The company this year started manufacturing its premium Galaxy S23 series in India. "We have biggest research and development centre here. For the new innovation we will continue our investment in this area," Roh

Ganga Realty to invest Rs 750 cr to build affordable housing project

Real estate firm Ganga Realty will invest Rs 750 crore to build an affordable housing project in Gurugram. The company will develop 2,972 apartments in new project 'Tathastu', which is spread over 22 acres in Sector 5, Sohna-Gurugram. The price of the apartment starts from Rs 25 lakh. "The company will spend Rs 750 crore to build an affordable housing project," Ganga Realty said in a statement. Vikas Garg, Joint Managing Director of Ganga Realty, said the total project cost is Rs 750 crore and this will be funded through internal accruals and customer advances. The project is expected to be delivered by the first quarter of 2027. Garg noted that Sohna is primarily an end user driven market. In affordable housing segment, realty firm Signature Global is a leading player in the Gurugram market. According to property consultant Anarock, sales of residential properties in Gurugram jumped over two-fold to 32,617 units during 2022 on higher demand across all price categories affordab

Karnataka gives nod to 78 industrial projects of Rs 5,298-cr investment

The State Industries and Commerce Department has cleared a total of 78 investment proposals worth Rs 5,298.69 crore promising 13,917 jobs. At the State Level Single Window Clearance Committee (SLSWCC) meeting chaired by the Minister for Large and Medium Scale Industries Murugesh R Nirani, these proposals were cleared, a statement issued by the office of the Minister on Sunday said. The committee considered and approved 17 important large and medium size industrial projects with investments of more than Rs 50 crore. These projects are worth Rs 3,552.66 crore and are expected to create employment opportunities for 6,933 people in the State. Also, 59 new projects with investments of more than Rs 15 crore and less than Rs 50 crore were also approved. These projects worth Rs 1,542.88 crore would generate jobs for 6,984 people in Karnataka, the statement read. Two projects of additional investment have also been approved, which will result in an investment of Rs 203.15 crore and would .

Safety in the storm

As the requirement for capital import into India at present is low, the global tornado has modest implications for us

PM Mitra parks to boost India's $100 bn textile export goal, says industry

The parks, which are coming up in seven states, are expected to fuel investment once the global slowdown is over