Page 4 - Investment

Adani back on investment track after Hindenburg, with mega plans in Andhra

Karan Adani announces two cement units, 15,000 MW of RE power project and 400 MW data centre in the state

India Inc commits Rs 11.87 trn to Andhra on Day-1 of investor summit

NTPC, Adani, RIL among major participants; state set to sign another set of MoUs worth Rs 13 trn on Saturday

Australian pension fund client queries GQG about $1.9 bn Adani investment

AustralianSuper, which has an external mandate with GQG Partners, will be exposed to the four Adani Group companies following the deal, according to a source familiar with the matter

Investment facilitation for development or trouble?

Germany, Spain, France, Netherlands, and Italy pulled out of the Energy Charter Treaty last year to stave off the ISDS mechanism

Investor summit to focus on investment in port-based industries, says Reddy

Andhra Pradesh will focus on attracting investment in post-based industries like green hydrogen and pumped storage power generation from renewable sources in its maiden global investor summit to be held this Friday and Saturday, Chief Minister YS Jagan Mohan Reddy said on Wednesday. The chief minister told PTI that top industrialists N Chandrasekaran, Mukesh Ambani, Kumar Mangalam Birla and Sajjan Jindal among others have confirmed participation at the forthcoming global investor summit. The state government is organising its maiden global investor summit in its proposed administrative capital Vishakapattnam this Friday and Saturday. Karan Adani of the Adani group, Naveen Jindal of the Jindal group, Sanjiv Bajaj of the Bajaj group, Puneet Dalmia of the Dalmia Bharat group, Sumant Sinha of Renew Power, GM Rao of the GMR group, Hari Mohan Bangur if Shree Cements, Preetha Reddy of Apollo Hospitals, N Srinivasan of India Cements and Dilip Shanghvi of Sun Pharma among others have also .

Himachal Pradesh approves 34 industrial projects of Rs 1,754 cr investment

Himachal Pradesh's Single Window Clearance and Monitoring Authority approved 34 projects for setting up new industrial enterprises and the expansion of existing units in its 26th meeting held on February 28, an official release said on Wednesday. These projects involve a total proposed investment of Rs 1,754.44 crores (approximately) with employment avenues for about 3,635 persons. The meeting, held late on Tuesday, was chaired by Chief Minister Sukhvinder Singh Sukhu, the release said. The new proposals have been approved for manufacturing frozen snacks, bathroom fittings and accessories, LPG cylinder refilling, Bulletproof Ballistic Helmets and Jacket, bottles, containers and other items. The projects approved in the pharma sector included projects for manufacturing of dry syrups, tablet, capsule, ointment, dry and liquid injections, inhalers, nasal sprays, eye and ear drops and pre-filled syringes.

Only investors with a long horizon should enter mid- and small-cap segment

After the outperformance of the past three years, they should be prepared for modest returns in the near term

Tube Investment's TI Clean Mobility to raise Rs 3,000 cr by March 2024

Tube Investment India's wholly-owned subsidiary TI Clean Mobility (TICM) will raise Rs 3,000 crore by March 2024 to fuel its electric vehicle business, a release said on Saturday. Of this, TII (Tube Investment India) has already invested Rs 639 crore, the company said in a statement. TICM is focused on manufacturing and marketing of electric three-wheelers. It is also into the manufacturing and marketing of e-tractors an electric heavy commercial vehicles through its subsidiaries. "TI Clean Mobility has signed definitive documents with TII, Multiples Private Equity Fund III, State Bank of India along with other co-investors to raise capital up to Rs 1,950 crore in the form of equity and compulsorily converted preferential shares (CCPS). "The total investment by Multiples, SBI and other co-investors would aggregate up to Rs 1,200 crore," it said in the statement. Investment by TII will be to the tune of Rs 750 crore, of which it has already invested Rs 639 crore by way of equity an

Q3 results in line with expectations, banks only outliers: Anand Shah

'Banks were an exception, as they exceeded expectations on all fronts'

ONGC to invest $2 bn in Mumbai offshore to raise oil, gas output

India's top oil and gas producer ONGC will invest over USD 2 billion in drilling a record 103 wells on its main gas-bearing asset in the Arabia Sea as it pivots a turnaround plan that will add 100 million tonnes to production, a company official said. Oil and Natural Gas Corporation (ONGC) has three main assets off the west coast - Mumbai High, Heera and Neelam, and Bassein and Satellite, which contributed the bulk of 21.7 million tonnes of oil and 21.68 billion cubic metres of gas it produced in 2021-22. "We have released a record 103 locations for drilling of wells on the Bassein and Satellite (B&S) assets over the next 2-3 years," ONGC Director (Offshore) Pankaj Kumar said. The wells will tap smaller and hereto untapped reservoirs and help raise output. "We estimate that this development drilling will enhance production by over 100 million tonnes of oil and oil equivalent gas over the life of the field," he said. "The investment involved in drilling and facilities will be over .

CarTrade plans to invest Rs 750 crore in next 5-7 years in automotive space

Automotive platform CarTrade Tech on Thursday said it has launched CarTrade Ventures and is planning to invest Rs 750 crore in the next 5-7 years to fund acquisition and investment in the automotive space under this business initiative. The company, in a statement, said it will look to acquire and invest in companies offering differentiated services and technology in the automotive space. The capital invested will be through profits generated and funds available in the company, it added. "We have launched CarTrade Ventures to invest in new-age technologies and to digitalise the buying, selling and ownership of vehicles and be a key enabler in the growth of the auto ecosystem. "To facilitate this, we are looking to deploy up to Rs 750 crore for acquiring and investing in companies that are driving innovation in the global auto ecosystem," said Vinay Sanghi, founder and Chairman, CarTrade Tech Group. The company has been successful in growing its business organically and inorganical

Sri Lanka okays two Adani Group power plants with investment over $400 mn

According to the BOI, the two wind power plants of 350 MW which are scheduled to be commissioned in two years, and would be added to the national grid by 2025

Tiger Global's Internet Fund offloads 1.7% stake in Delhivery for Rs 414 cr

Internet Fund III Pte, a fund managed by Tiger Global Management, on Wednesday divested a 1.7 per cent stake in supply chain company Delhivery for Rs 414 crore through an open market transaction. Internet Fund III Pte sold 1,23,63,060 shares, amounting to 1.70 per cent stake in the company, according to the bulk deal data available with the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 335.06 per scrip, taking the aggregate deal value to Rs 414.23 crore. Post the transaction, Internet Fund III Pte's shareholding in the company has reduced to 2.98 per cent from 4.68 per cent. On Wednesday, shares of Delivery closed 3.61 per cent lower at Rs 336.30 apiece on NSE.

Indian investments in foreign stocks, property touch a record high in Dec

Diversification, returns an impetus for moving more capital abroad

Saving for retirement? You need at least $3 million, says study

Most respondents are optimistic they'll move closer to their retirement goal by ending 2023 with a balance of retirement savings higher than it was at the end of 2022

Explainer: New EPS rules and why higher pension will come at a cost

Employees need to weigh the pros and cons before opting for a higher pension; EPFO also needs to clarify how the higher contribution to EPS will be funded

India needs Rs 33,750 cr to set up Li-ion cell, battery mfg plants: CEEW

India needs investments to the tune of Rs 33,750 crore to achieve the government PLI target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants, according to a study. The country requires up to 903 GWh of energy storage to decarbonise its mobility and power sectors by 2030, and lithium-ion batteries will meet the majority of this demand, an independent study released on Tuesday by the Council on Energy, Environment and Water (CEEW) said. India needs investments worth up to Rs 33,750 crore (USD 4.5 billion*) to achieve the government PLI target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants, CEEW said in the study report. CEEW, however, noted that at the time of writing the report, the conversion rate was taken as Rs 75 per US dollar. The CEEW study 'How can India indigenise lithium-ion battery manufacturing?' calculates the material and financial requirements and offers a blueprint for the domestic strategy as India's demand is expec

Ola to invest Rs 7,614 cr in TN to make electric cars, lithium-ion cells

On Saturday, Ola Electric Mobility signed the deal through its subsidiary companies Ola Cell Technologies (OCT) and Ola Electric Technologies (OET)

India's deepwater exploration has vast investment potential: Research

He also tweeted that "Could India be the licensing wildcard of 2023" and added that this also means there's alignment & agreement from PM's office down to DGH that more offshore exploration is needed

India can attract over $ 20 bn investment in renewables in 2023: Experts

India has the potential to attract an investment of over USD 20 billion in renewables in 2023 and requires a strong framework for sustainable power, say industry experts at the renewable energy conference REConIndia 2023 on Friday. Based on the discussion at REConIndia 2023, a white paper will be prepared on solar power challenges, roadmap to make green hydrogen viable, propelling wind energy and state of green financing in India, a statement said. The conference was organised by Blue Circle on Friday, where experts, stakehoders and industry leaders deliberated on the key issues, challenges and opportunities in renewable energy in India. Founder and CEO of Blue Circle Siddharth Anand said, "The industry estimates investment in excess of USD 20 billion in 2023". Power and New & Renewable Energy Minister R K Singh in December 2022 also pegged the investment in renewables at around USD 25 billion in 2023. Anand also stated that the REConIndia 2023 brought together key ...