Investments

Investments in UP will create 10 million jobs for youth, says CM Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said one crore youths of the state will get employment in the next three years through investment proposals received at the recently held Global Investors Summit. He was speaking after laying the foundation stone of a rural mini-stadium at Bholaram Maskara Inter College in Sahjanwa here, which will be built at a cost of Rs 10.43 crore. The stadium will have a multi-sports complex, athletics track and an audience gallery. Adityanath said investments to be made in the Sahjanwa assembly constituency and other places will also enable the youths to get jobs near their native places. "The government will also distribute two crore tablets and smartphones to students across the state in degree colleges, he said. Besides, several new technical and other institutes are being built to prepare the state's youth for the job market. A polytechnic institute will be built here also. Atal Residential School being built here will be inaugurate

DBS Bank India offers Morningstar-curated investments on risk preference

The feature called 'digiportfolio' uses tech and human expertise to customise investment options for different investors

Deposits, pension scheme: Investments you should make before March 31

Non-linked policies must be availed of by that deadline to earn tax-free return without cap

IIM-A incubation platform to invest in 50 new start-ups over a year

CIIE.CO says it has a record of helping 1,200 start-ups and investing in 350 of them

Keep 'margins of safety' amid global turmoil, says CEA Nageswaran

Nageswaran says IMF's latest estimates for global growth appear outdated

Bailout or not?

Ad hoc steps to stop banking contagion may have implications

Mobius bets big on chip stocks as US, China increase investments in sector

Chip stocks have had a great start to 2023 after rising interest rates led to a carnage in 2022. Investor focus has started shifting to the sector's long-term growth prospects and cheaper valuations

PM Modi exhorts India Inc to make most of budget, ramp up investments

Urges financial sector to re-engineer processes to pare costs, speed up credit for small businesses; extols India's digital thrust as model for the world, lauds credit schemes for micro entrepreneurs

Private sector should increase investments, benefit from Budget: Modi

Trust and expectation have replaced doubt in discussions about Indian economy, he says

GQG founder to meet Australian investors after $1.9 bn Adani investment

GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout

From China to India

India should welcome investments looking for alternatives

AP clinches investments worth Rs 13 trn at Investors Summit: CM Jagan Mohan

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, Jagan Mohan Reddy said the investment proposals are from Reliance, Adani Group, Aditya Birla group, Renew power, NTPC and Aurobindo Group among others. He reiterated that Visakhapatnam would become the executive capital of Andhra Pradesh in the days to come and he will be moving over to the port city. "It is a proud moment to announce that the state has received 340 investment proposals with an investment of about Rs 13 lakh crore providing employment to almost six lakh people across 20 sectors," he said. The Chief Minister further said MoUs worth Rs 11.85 crore will be signed today and the rest would be formalised on Saturday.

Tata Power Renewable gets Rs 2,000 cr infusion from GreenForest

Tata Power Renewable Energy Ltd (TPREL) has received an investment of Rs 2,000 crore from GreenForest New Energies Bidco with allotment of 20 crore preference shares to the latter. "TPREL...has received the second and final round of investment of Rs 2,000 crore from GreenForest and has successfully allotted 20,00,00,000 Compulsorily Convertible Preference Shares (CCPS) at face value of Rs 100 each at par aggregating to Rs 2,000 crore on a preferential basis to GreenForest," a statement said. Subsequent to this second tranche, TPREL has now received an investment of Rs 4,000 crore. GreenForest holds 6.06 per cent equity in TPREL and on conversion of the above CCPS, it will hold 9.76-11.43 per cent stake in TPREL, subject to the equity valuation on final conversion. The completion of this equity infusion will fund TPREL's aggressive growth plans. Over the next five years, it aims to achieve a portfolio of 20 GW of renewable assets and a market leading position. "The completion of Rs

Sebi to control unsolicited fin market advise from social media influencers

Markets watchdog Sebi will come out with a discussion paper to frame guidelines to control unsolicited financial and stock market advise from social media influencers as also from unregulated investment advisors. Addressing a meeting of the Association of Registered Investment Advisers here on Friday, Sebi Whole Time Member Ananth Narayan Gopalkrishnan said some unscrupulous people are misusing their Sebi registration to further their businesses and as the regulator "we don't want (that) to happen". "We'll come out with a discussion paper seeking inputs for making effective measures to control unsolicited financial and market advises from social media influencers and also from unregulated investment advisors. "After inputs from market participants, and other stakeholders, we'll issue guidelines to rein them in," Gopalkrishnan said. There is also the issue of unregistered investment advisors, who pose greater risks to gullible investors. More important, "we see examples of misuse of

Investments worth Rs 1.5 trn likely on data centres in next six years: Icra

Current data centre capacity in India pegged at 870 Mw. Country likely to add 4,900-5,000 Mw; Mumbai, Hyderabad and NCR to hold 70-75% of overall installed capacity

Retired couples can earn Rs 8,00,000 from select govt investment schemes

Equities, debt MFs and annuities should also be part of portfolio

World's next debt disaster seen brewing in Indonesia's builder binge

The struggles are already reminding some analysts and investors of the high-profile debt debacles in China and South Korea last year, which were centered on the nations' developers

EV startup Simple Energy raises $20 mn from investors in Bridge round

Electric vehicle startup Simple Energy on Tuesday announced raising USD 20 million (about Rs 165 crore) from a clutch of investors as a part of its ongoing Bridge round. The funds will be utilised in a phased manner to ramp up production of the company's maiden e-scooter Simple ONE, which has not yet been delivered to a single customer even after 18 months of its launch. The company has been deferring deliveries of the vehicle since December 2021. "We have received a phenomenal pre-booking response, and to cater to the demand, we are raising funds in a timely manner. The funds raised will be strategically used to aid the production ramp-up and for a quicker delivery commencement," said Suhas Rajkumar, founder and CEO of Simple Energy. The company claims that it has received over one-lakh bookings for the e-scooters. "We have successfully de-bottlenecked product constraints and are confident that we will soon start deliveries of Simple ONE," Rajkumar said. The company recently ...

Higher investment limit in saving schemes to help sr citizens, middle class

The decision to raise the investment ceilings in small savings schemes is aimed at benefiting senior citizens and the middle class who park funds in safe government deposit schemes offering higher returns than banks, Finance Secretary TV Somanathan has said. The Budget 2023-24 raised the maximum deposit limit for Senior Citizen Savings Scheme from Rs 15 lakh to Rs 30 lakh. Also, the maximum deposit limit for Monthly Income Account Scheme will be enhanced from Rs 4.5 lakh to Rs 9 lakh for a single account and from Rs 9 lakh to Rs 15 lakh for a joint account. In a post-budget interview with PTI, Somanathan said the ceilings under the Senior Citizen Savings Scheme have been unchanged for quite some time, and the decision to raise the ceiling is primarily a measure for the welfare of the middle class and senior citizens. "There was a feeling that people in advanced age need safe investment options, and the incomes have increased in the period between the last revision and now. So, this

Sebi mulls tenure extension for AIFs to continue unliquidated investments

Pooled investment vehicles may be allowed to carry forward unliquidated investments to a fresh scheme at the end of tenure