Page 3 - Investments

Daiki Axis Japan to infuse investments to expand presence in south India

Daiki Axis Japan will infuse fresh investments to expand its presence in south India, a company official said. In November, Haryana Chief Minister Manohar Lal Khattar inaugurated the company's second unit in India in Palwal, which was set up with an investment of Rs 200 crore to produce sewage water treatment units. A unit is already operational at Vapi in Gujarat. When asked about future investment plans, Kamal Tiwari, CEO of Daiki Axis India, said: "Our next plan is to set up a factory either in Telangana, Andhra Pradesh, Karnataka or Tamil Nadu. "Meetings have already been done with all these states. As we start getting approvals, we will begin construction work immediately by 2023 to cater our demand." The company's long-term plan is to set up a manufacturing unit in each state of India, he said. The Vapi and Palwal plants on an average have the annual capacity to produce around 1,000 sewage water treatment units each with Japanese "Johkasou" technology used to treat domestic

VC funds reduce number of deals with start-ups by a fifth in 2022: Study

Total investment in such firms in India stood at $23 bn in 2022, compared to $35 bn in 2021

Working to cut cost of telecom ops to attract investments: DoT secretary

The government is working to bring down the cost of telecom operations to attract more investments in the sector, a top official said on Friday. While speaking at the CII Telecom Summit, telecom secretary K Rajaraman said the cost of maintaining optic fibre network is very forbidding. "(If) we are able to bring down the cost of operations for the telecom network, I am sure that more investment will come. We will be working on that. A lot of policy measures are underway," he said. Rajaraman said the government is running a pilot of 'Call before you dig' application in some states to avoid damages to telecom infrastructure while digging roads and doing other infrastructure-related works. He said that a good digital connectivity cannot rest on mobile service only and complimentary connectivity through fibre to support mobile services is very important. "In urban areas, optical fibre is available. In rural areas, BharatNet has enabled us to reach 1.89 lakh villages so far. Target is

Short-duration funds suit conservative investors during pause in rate cycle

Take a tactical bet on longer-duration funds when RBI moves to a tightening stance

Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector

The steep proliferation in the state energy demand is attributed to the projected setting up of new industries and manufacturing plants over the next five years

UK to ease financial rules in post-Brexit shakeup to attract investments

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London's status as Europe's leading finance centre. Treasury chief Jeremy Hunt said Friday that the changes, which follow Britain's departure from the European Union in 2020, will make the UK one of the most open, dynamic and competitive financial services hubs in the world. The package of more than 30 changes includes lifting a cap on bankers' bonuses and easing capital requirements for smaller lenders. The government also said it will review regulations that hold bankers accountable for their decisions and will relax ringfencing rules intended to separate risky investment banking from retail operations. Hunt said the government was using Brexit freedoms to make Britain more competitive. But many economists point out that the U.K.'s departure from the EU has erected barriers to trade and led some firms to shift offices and jobs to other European cities. Last

Net zero transition for $7 trillion

The world's decarbonisation journey will trigger a massive demand for investments

Overcaution could stymie investment advisory's growth

The safety and logistics costs (they are imported in tin boxes from the US) make them prohibitively expensive, fit only as showpiece items

UP becoming top choice of investors due to safe environment: CM Adityanath

Chief Minister Yogi Adityanath on Friday claimed that under the BJP rule, Uttar Pradesh has transformed into a "safe" and "riot-free" state, and is set to become the first choice of investors. Addressing a 'Prabuddha Jan Sammelan' (meeting of intellectuals) here, Adityanath said Uttar Pradesh will soon turn into the country's leading economy. "There is no place for crime, hooligans or miscreants in UP and the state is progressing. The criminals are in jails or have fled the state. Due to this, Uttar Pradesh is becoming the first choice of investors," the chief minister said at the event where he launched 30 development projects worth Rs 424 crores. Right now, Uttar Pradesh is at the number two position in terms of Gross State Domestic Product (GSDP). Due to the safe atmosphere in the state, the brass city of Moradabad is scaling new heights. The talented and skilled craftsmen are giving recognition to the country. The BJP's arrival in 2017 has given appropriate encouragement to the

Odisha govt approves 7 policies to attract investment and boost economy

Ahead of the Make In Odisha Conclave, the Naveen Patnaik government has approved at least seven different policies to attract investment in the state and boost the economy. The decision regarding the State Cabinet approving seven policies and other decisions was announced by Revenue and Disaster management minister Pramila Mallick in the Assembly on Wednesday. The Cabinet at its 52nd meeting on Tuesday approved 17 proposals including seven policies. The policies which have been approved were: Registered Vehicle Scrapping Facility Policy-2022, Industrial Policy Resolution (IPR) 2022, Odisha Logistics Policy 2022, Odisha Apparel and Technical Textiles Policy-2022, Export Promotion Policy 2022, Odisha Civil Aviation Policy 2022 and Odisha Tourism Policy 2022. The new Registered Vehicle Scrapping Facility Policy-2022 is expected to play a major role in reducing vehicular air pollution and boost manufacture in the automobile sector. As per the provision, all old vehicles that have ...

India most favoured destination globally for investments: Jagdeep Dhankhar

India is growing at a faster pace and it has become the most preferred destination for investments and opportunities in the world, Vice President Jagdeep Dhankhar said on Monday. Recently, India has surpassed its colonial masters and has become the fifth-largest economy in the world, he said. The Vice President also exuded confidence that India will become the third-largest economy on the global horizon by the end of the decade. "India is on the rise as never before. The rise of India is unstoppable, and we are the most favoured destination globally for investments and opportunities," he said here at the National Handicrafts Award ceremony. The handicraft sector holds a huge potential for growth, particularly in the rural and semi-urban areas, he noted. Dhankhar also suggested that professionals from IITs and IIMs can help the industry in promoting its growth and branding of products. Branding is key to fetch good prices, he said, adding it is only the handicraft sector where hug

Motilal Oswal AMC to accept fresh investments in international schemes

The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit

EVs lead climate tech funding but more needed for niche solutions: Experts

Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently

Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO

Rise in Indian corporate lending to locals signals new investment cycle

That international slowdown will limit the strength of the new Indian cycle, economists say.

PE/VC investments drop 75% in October over last year: IVCA-EY report

Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022

FM Sitharaman exhorts NIIF to leverage India's investment fundamentals

Finance Minister Nirmala Sitharaman on Thursday asked the National Investment and Infrastructure Fund (NIIF) to leverage India's attractive investment fundamentals to expand its operations.

Amisha Vora increases stake four fold to 96% in Prabhudas Lilladher

Acquired stakes of partners Arun Sheth, Dhiren Sheth and Dilip Bhatt. Vora will now serve as chairperson and MD of PL Group

Balaji Srinivasan invests unknown sum in blockchain start-up Permissionless

Company to use the funds to scale the number of contributors on the platform, create more integrated productivity tools for borderless and asynchronous work

Investcorp plans major ramp up of India assets to $5 billion: Alardhi

The Middle East firm expects to reach $5 billion of assets in India in the next five years, up from just over $600 million currently, or 1.5% of the $42.7 billion in assets managed by Investcorp