Page 4 - Investments

Govt-backed SRI Fund commits Rs 5,000 cr to help MSMEs with growth capital

Government-backed Self Reliant India Fund (SRIF) on Friday announced that it has committed over Rs 5,000 crore to help small businesses with growth capital in its first year of operations. The fund, which started as part of the government's flagship 'Atmanirbhar Bharat' programme, has provided approvals to 38 'daughter funds' with a commitment amount of more than Rs 5,000 crore, as per an official statement. It has a 'Mother Fund-Daughter Fund' structure wherein SRIF, the mother fund, invests up to 20 per cent of the corpus of the Daughter Fund, which raises the balance 80 per cent of the capital from outside sources, it explained. The arrangement is designed to maximise the fund flow to the target micro, small and medium enterprises (MSME) sector as the contribution from SRIF gets leveraged five times, taking the total value of investible funds into MSMEs to Rs 50,000 crore. Amitava Chatterjee, the managing director and chief executive of SBI Capital Markets, said the fund has ...

80% of net SIP investments in Sept go into active equity schemes: Data

Investment advisors recommend the SIP route for investment in volatile asset classes to maximise the benefit of rupee cost averaging

DealShare plans to invest Rs 500 cr in 2-3 years in private brands business

E-commerce firm DealShare on Wednesday said it has launched 52 categories under its private brand business and plans to invest Rs 500 crore in the new segment in the next 2-3 years. The company has launched 52 categories under Chemko (home cleaning) Swaccha (personal hygiene), Sampoorti (pantry staples) and X One (male grooming brands) in the first phase and plans to extend their portfolio to the skin and hair care, beauty and apparel categories over the next two years. The e-commerce firm said it has launched "52 categories of products with the new initiative set to contribute 30 per cent to DealShare's revenue" and "targets an investment of Rs 500 crore over the next 2 to 3 years for private brands business". DealShare plans to take private label brands across 3,000 towns having more than 10,000 population in the next three years, the company said. The company at present claims to have presence in over 150 cities across eight states and have over 2 crore consumers. DealShare fou

Online cosmetics retailer Nykaa's Q2 net more than doubles to Rs 5.2 cr

Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore

Max Health gross revenue at lifetime high in Q2FY23 on improved occupancy

International patient revenues up 16% during quarter, 110% of pre-Covid average; PAT grows 29% on like-to-like basis

State will get big-ticket investments in coming days: Maharashtra CM Shinde

Amid the blame-game between the government and Opposition over the 'loss' of Tata consortium-Airbus project, Maharashtra Chief Minister Eknath Shinde on Saturday said the state will get major investments in the coming days. The opposition has been targeting the Shinde government after a Tata-led consortium and Airbus chose Vadodara in Gujarat for its military aircraft project. Earlier, Vedanta-Foxconn had chosen Gujarat over Maharashtra for its semiconductor plant. In the coming days, the state will get major industries," chief minister Shinde said at a function here. There has been a discussion going on about the industries in the state and our industries minister is speaking on this issue. I don't want to comment on it. (But) The government will not fall short in generating employment for the youth, Shinde added.

APAC reinsurers face single-digit growth, decline in investment income

The reinsurers in the Asia Pacific (APAC) region face single digit growth rate, declining investment income, higher claims and others, said S&P Global Ratings on Friday.

India can accelerate green investments to $12.1 trillion by 2050

India can accelerate green investments to USD 12.1 trillion by 2050 and reap a host of benefits, a consultancy firm said on Thursday. With the ongoing rate, India's net Green House Gas (GHG) emissions will rise to 11.8 gigatons of carbon dioxide equivalent by 2070 from the 2.9 gigatons in 2019, Mckinsey & Co said in a report. However, India has the potential to create 287 gigatons of carbon space for the world if it accelerates its efforts to fight climate change, the report said, adding that this amounts to almost half of the global carbon budget for an even chance at limiting warming to 1.5 degree celsius. "India's decarbonisation will require an estimated USD 12.1 trillion (5.9 per cent of GDP) of green investments until 2050 for the 'accelerated' scenario," it said. India has committed to net zero emissions by 2070. As per earlier estimates, the shift to net zero by 2070 will require USD 10 trillion worth investments. Mckinsey said there are tailwinds which would be of help to

From layoffs to cost-cutting, start-ups brace for long funding winter

Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood

20% allocation in gold ETF a better investment strategy: Quantum AMC

At a time when there are many risks and uncertainties in the global economy, a 20 per cent allocation to gold ETFs in an investment portfolio during Diwali is ideal, said Quantum AMC

Motherson's local wiring biz better placed than its global sales entity

Demand, rising content per vehicle, return ratios key investment arguments for Motherson Sumi Wiring

WeWork India makes its first investment in Bengaluru-based Zoapi

Flexible workspace provider WeWork India on Thursday made its first investment in the country, in Bengaluru-based conferencing and collaboration platform Zoapi for an undisclosed sum.

How to select an equity fund?

With numerous equity funds being offered by scores of asset management companies, how do you choose the equity fund that suits you? What should you keep in mind? This report answers the questions

Hardeep Puri flags Offshore Bid Round; promises transparency to investors

Union minister Hardeep Singh Puri on Monday launched the Offshore Bid Round offering and assured transparency, efficiency and ease of doing business to investors. In a keynote address to industry leaders in Houston, the Union Petroleum and Natural Gas Minister described the initiatives taken by his Ministry in accelerating the exploration and production activities in India. Puri also gave his views on the importance of Coal Bed Methane in increasing India's domestic production and reducing the country's import burden. He launched the Special CBM (popularly known as Coal Seam Gas) Bid Round - 2022 for International Competitive Bidding on Monday at Houston. Simultaneously, Puri launched the Offshore Bid Round offering 26 blocks -- 18 carved out by DGH and eight as a result of expression of interests (EoI) from potential investors -- covering an area of approximately 2.3 lakh Sq. Km. Out of 26 blocks, three blocks based on EoIs are onshore covering an area of only 3,666 sq km, a medi

Create investor-friendly ecosystem: G Kishan Reddy tells northeast states

Union Minister G Kishan Reddy on Saturday asked all states of the northeast region to create an investor-friendly ecosystem and suggested the authorities concerned to organise a global summit to attract investments. Reddy, the minister for Development of North Eastern Region (DoNER), directed senior officials to prepare an action plan for the proposed global investors' conclave in the coming months. "A global investors' summit for NE should be organised soon, and all state governments should start undertaking measures for developing an investor-friendly ecosystem," he said while addressing the 70th Plenary Session of the North Eastern Council (NEC) here. Various measures, such as changing existing policies to suit the needs of investors, digitising land banks with plot level information, simplifying processes, providing a single window clearance system and developing an inventory of readily investible projects, must be undertaken. Each state of the region should work on establishin

Industry-friendly moves keep Gujarat ahead in investor perceptions

Gujarat gains because it was the first to check all the boxes as far as investor-friendly policies are concerned

Invest in US funds, gold to fulfil child education goal amid rupee plunge

Travellers may switch to destinations against whose currencies the rupee has gained

Telangana attracts over Rs 2.5 trn investments in 8 years: KT Rama Rao

Telangana has attracted over 2.5 lakh crore in investment across various sectors in the last 8 years due to business-friendly policies and atmosphere, state Industries Minister KT Rama Rao said. Rao -- who also holds the portfolio of Telangana Minister for Commerce, IT and Urban Development -- made the remarks in a reply to a question on state investment policies. "We gave more than 20,000 clearances (to business proposals) in last 8 years through TS iPass attracting more than Rs 2.5 lakh crore of investment and created 1.6 million or 16 crore direct job opportunities," he told PTI in an interview. Under the TS iPass or Telangana State Industrial Policy, an investor is given all clearances within 15 days, Rao said. However, if an investor does not receive any communication from the Telangana government, his or her investment proposal is entitled to be deemed approved, the minister said, adding the officer responsible for the delay is fined accordingly. "Further, if one already ...

Indian Biogas Association gets investment commitments worth Rs 1,400 cr

Indian Biogas Association on Saturday said it has received investment commitments worth Rs 1,400 crore at Renewable Energy India Expo 2022. "Indian Biogas Association (IBA), an industry association comprising of operators, manufacturers, and planners of biogas plants, announced that Renewable Energy India Expo 2022 has received the commitment of investment worth Rs 1,400 crore," an IBA statement said. The proposed minimum investment per plant ranges between Rs 10 and 50 crore, it added. The association has received 60 confirmations from SATAT (Sustainable Alternative Towards Affordable Transportation) LOI (Letter of Intent) holders to set up biogas plants across the country. The maximum applications were received from Uttar Pradesh, followed by Punjab. The Bio-energy pavilion was supported by the Ministry of New and Renewable Energy, Niti Aayog, Punjab and Maharashtra Energy Development Agency (PEDA and MEDA). The expo is one of the largest trade expositions and events focusing o

India is where climate tech meets global venture capital

The country's post-Covid resurgence has been backed by better roads and infrastructure, and a manufacturing turnaround