Page 5 - Investment

Investment in pvt wireless network seen at $ 250 mn by 2027: Nokia report

India's investment in private wireless network is expected to reach nearly USD 250 million by 2027, according to a report by Nokia that also talked of a three-fold jump in mobile data usage in the country over last five years. Nokia's annual Mobile Broadband Index (MBiT) report pointed towards a significant acceleration in enterprise investment, and anticipated a major 5G uptake starting second half of 2023. Enterprise spending on private 5G networks will be driven by new use cases in diverse industry verticals, including manufacturing, utilities, transportation and healthcare, among others in India, as per the report. "India's investment in private wireless network is expected to reach around USD 250 million by 2027," the report said. The report outlined that mobile data traffic in India has risen 3.2 times over the last five years. All India mobile data usage per month grew from 4.5 exabytes in 2018 to 14.4 exabytes in 2022. Further, the average data consumption per user has ris

Samsung to borrow over $15 billion from display unit for investment

Samsung Electronics plans to borrow more than $15 billion from its display-making subsidiary to secure operational costs, the company has said.

TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report

The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said

Kotak Bank arm raises $590 mn fund for data centre investments in India

Kotak Investment Advisors (KIA) said it plans to raise $800 million under the Kotak Data Centre Fund and this is the first close for the same, as per a statement

Industry 4.0: Tatas to invest over Rs 4,200 crore in Uttar Pradesh

The state government has roped in Tata Technologies (TTL) to upgrade 150 government-run industrial training institutes (ITI) and align them to the requirements of Industry 4.0

Alliance Group firm buys 96.5-acre land; to invest Rs 3,600 cr in township

Realty firm Urbanrise, an Alliance Group company, has acquired a 96.5 acre land parcel at Tambaram, Chennai from Reliance Capital and will invest Rs 3,600 crore to develop a township project. The company said in a statement that it will develop a mega township project on the land parcel that has a "development potential of 13 million square feet with an expected revenue of Rs 7,000 crore." The company, however, did not disclose the financial details of the transaction. Urbanrise said it has been acquiring large tracts of land in premium locations across Bengaluru, Chennai, and Hyderabad markets to expand its business. Manoj Namburu, Chairman and MD of Alliance Group and Urbanrise said the Tambaram locality is fast emerging as a commercial-cum-residential hub of Chennai. "We are looking at developing an integrated township with world-class amenities..," he added. Alliance Group is one of the leading real estate firms in South India that has delivered over 7,500 homes. The organisa

EB-5 visa: What is it, who can apply and how it is different from H1-B visa

H1-B visa requires a sponsor for the immigrant to stay in the US but no such sponsorship is needed in the EB-5 scheme

Japan's NTT says planning Rs 2,000 cr investment in Bengal data centres

Company has committed investing $2 billion in India, plans more data centres

MapmyIndia invests in drone firm Indrones to expand customer offering

Geospatial software company buys 20% stake in start-up that has developed technologies for data collection

Enthused by investment summit, Rajasthan going full throttle on industry

More than 900,000 people are expected to get employment in the state through these

Mad money: Indulgence that keeps you disciplined

Clients with insufficient resources should be allowed a Mad Money Fund, even if it creates the risk they may not be able to meet their goals

Union minister G Kishan Reddy urges entrepreneurs to invest big in UP

Union Minister for Tourism G Kishan Reddy on Friday asked investors to contribute heartily for the development of Uttar Pradesh which has "big ambitions" and is also taking "big actions." Uttar Pradesh has transformed itself into 'Uttam State' for investments under the visionary leadership of Chief Minister Yogi Adityanath, he said. "I urge all the investors to contribute immensely for the development of the state having 'big ambitions' that is also taking 'big actions'," Reddy said while participating in a session on tourism during the Global Investors Summit. Uttar Pradesh has eight per cent contribution in the country's economy, so investors should come forward to invest here with an open heart, and the state government will provide them security and cooperation at every level, Reddy was quoted as saying in an official release. "With this confidence that UP will be the best state for investment in the world in the coming days, I salute the commitment and efforts of the UP ...

UP transformed into Uttam State for investments under CM Yogi: Kishan Reddy

"I urge all the investors to contribute immensely for the development of the state having 'big ambitions' that is also taking 'big actions," said the Union Minister

Kotak, Edelweiss stop fresh investments in international mutual funds

Kotak MF and Edelweiss MF place restrictions on investments as they near their international investment limits

Aditya Birla Group commits Rs 25,000 cr investment across various biz in UP

Aditya Birla Group on Friday committed Rs 25,000 crore investment across its various businesses in Uttar Pradesh. Speaking at Global Investors Summit here, Kumar Mangalam Birla said the investment would go into various businesses like cement, metals, chemicals, financial services and renewable energy. The Mumbai-based group's seven businesses have a significant presence in Uttar Pradesh, anchored by over 30,000 employees with an overall investment of Rs 40,000 crore, he noted. When it comes to building new-age infrastructure or providing efficient governance Uttar Pradesh is creating an example for other states to follow, Birla said. In the process, it is creating immense opportunities for investors, both in India and abroad, he added. "As an early investor in the industrial journey of the state, we feel enthused by the rapid progress that the state is making. Today, the state can rightly be considered one of the key states driving India's journey towards a USD 5 trillion economy.

Reliance to invest Rs 75,000 crore in UP to expand telecom network

Billionaire Mukesh Ambani on Friday announced Rs 75,000 crore investment over the next four years in expanding the telecom network, including roll out of 5G services, retail and new energy business in Uttar Pradesh. Speaking at the UP Investor Summit, he said his group's telecom arm Jio will roll out 5G services across the state by December 2023. Also, the oil-to-telecom conglomerate will set up 10 GW of renewable capacity and start a bio-energy business in the state, he added.

UP industrial development authority receives investments worth Rs 3 trn

According to the officials, "The Chief Minister Yogi Adityanath-led government is upbeat with the UPSIDA as investment set by Yogi government is three times higher than the target of Rs 1 trn"

GIS-23 to bring investment in 5 major sectors, says UP Government

The Uttar Pradesh government has said that foreign visitors have evinced keen interest to invest in five out of 25 sectors in the state ahead of Uttar Pradesh Global Investors' Summit (GIS)-2023.

After Rs 10,500 crore infusion, Ikea plans further investment in India

Ikea India on Tuesday also announced its second price cut, which is 16-39% across its products

Aditya Birla Fashion reports steep drop of 92% in profit for Dec quarter

BENGALURU (Reuters) - Indian apparel retailer Aditya Birla Fashion and Retail Ltd reported a steep 92% drop in third-quarter profit on Tuesday, hurt by soaring marketing expenses.