News

Trend reversal in FPI investment from buying in last 3 months to selling in Sep Net FPI investment in September has turned negative and as per NSDL data, FPIs through September 8 have sold equity for Rs 4,402 crore and if we exclude the bulk deals and investment through the primary market, the sell figure in the cash segment rises to Rs 8,832 crore, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. This trend reversal in FPI investment from buying in the last three months to selling in September is mainly due to the rising US bond yields...
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
Source: IANS
9/09/2023 3:29:19 PM
P-notes investment in Indian markets rise to Rs 1.23 lakh crore in July-end: SEBI The Securities and Exchange Board of India (SEBI) in its latest data has showed that investment in the Indian capital markets through participatory notes (P-notes) rose to close to a six-year high at Rs 1.23 lakh crore in July-end, making it the fifth consecutive monthly increase, on the back of stable macroeconomic fundamentals. The amount has reached the highest level since December 2017 -- when investment through the route stood at Rs 1.25 lakh crore.  According to Sebi data, the v...
P-notes investment in Indian markets rise to Rs 1.23 lakh crore in July-end: SEBI
P-notes investment in Indian markets rise to Rs 1.23 lakh crore in July-end: SEBI
Source: Accord Fintech
4/09/2023 11:44:51 AM
Centre may explore green masala bonds, InVITs to meet long-term renewable energy capacity investment The Central government's target of scaling up its renewable energy capacity to 500 Gigawatt (GW) by 2030 will require an investment of Rs 17 lakh crore for long-term commitments, and it may explore green masala bonds and infrastructure investment trusts (InVITs). However, this would also include associated transmission costs and the country would need an annual investment of Rs 1.5-2 lakh crore in renewable energy sector, against which the estimated investment for the last few years ha...
Centre may explore green masala bonds, InVITs to meet long-term renewable energy capacity investment
Centre may explore green masala bonds, InVITs to meet long-term renewable energy capacity investment
Source: IANS
3/09/2023 4:09:47 PM
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber PHD Chamber of Commerce and Industry in association with Invest India and Department of Industrial Policy & Promotion, Ministry of Commerce and Industry, Government of India organized the “Unnati India Opportunity Series - Investment Roadshow” on 29th August 2023, Tuesday.   Ms. Manmeet Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry reiterated that the government’s practices and poli...
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber
DPIIT reduces the compliance burden by removing forty thousand compliance burdens, says Ms. Manmeet Nanda, Joint Secretary, DPIIT during the Unnati India Opportunity Series - Investment Roadshow at the PHD Chamber
Source: PR Agency
31/08/2023 2:32:36 PM
India`s ACME Group to invest nearly $3.3 billion in green hydrogen project Indian renewable energy firm ACME Group will invest 270 billion rupees ($3.27 billion) to set up a green hydrogen and ammonia project at an industrial park being developed by a Tata Steel unit in Odisha state, the companies said on Friday. ACME Group will acquire 343 acres of land in Gopalpur Industrial Park, developed by the Tata Steel Special Economic Zone in the state, to install a unit to produce green hydrogen and its derivatives, a jointly released statement said. The Gurugram-bas...
India`s ACME Group to invest nearly $3.3 billion in green hydrogen project
India`s ACME Group to invest nearly $3.3 billion in green hydrogen project
Source: Reuters
26/08/2023 10:38:06 AM
Dubai`s DP World to invest $510 million in India`s Gujarat state Dubai-owned ports giant DP World will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday. "It will enable the delivery of trade opportunities by connecting northern, western and central India with global markets," Sultan Ahmed Bin Sulayem, who is also DP World's CEO, said after the signing of an agreement between the Deendayal Port Authority and DP World officials. The Indian gov...
Dubai`s DP World to invest $510 million in India`s Gujarat state
Dubai`s DP World to invest $510 million in India`s Gujarat state
Source: Reuters
26/08/2023 10:29:23 AM
Smart Trading 101: The Roadmap To Becoming A Savvy Investor Introduction Smart trading has erupted onto the scene with growing technology adoption, availing the use of advanced tools and techniques to make informed and profitable decisions for investors. In India, the growth of the FinTech sector has led to the emergence of several trading platforms that enable users with technical analysis to identify trends and patterns in the market, access fundamental analysis to accurately assess the value of a security, and manage risks to limit overall loss....
Smart Trading 101: The Roadmap To Becoming A Savvy Investor
Smart Trading 101: The Roadmap To Becoming A Savvy Investor
Source: PR Agency
25/08/2023 4:02:02 PM
SHRIRAM PROPERTIES & ASK PROPERTY FUND INVEST Rs.206 CRORES IN A RESIDENTIAL PROJECT IN CHENNAI Shriram Properties Limited (“Shriram”) and ASK Property Fund (“ASK”) have announced a joint investment of Rs. 206 crores towards 100% of development rights in an ongoing project in Chennai, through SPL’s wholly owned subsidiary, Shrivision Elevations Private Limited. The Project acquisition formalities were completed and is being launched as “S...
SHRIRAM PROPERTIES & ASK PROPERTY FUND INVEST Rs.206 CRORES IN A RESIDENTIAL PROJECT IN CHENNAI
SHRIRAM PROPERTIES & ASK PROPERTY FUND INVEST Rs.206 CRORES IN A RESIDENTIAL PROJECT IN CHENNAI
Source: PR Agency
23/08/2023 4:54:41 PM
Yes Securities Launches AARAMBH: Inspiring Early Education Investment for Parents Yes Securities, a prominent financial services company, is delighted to introduce ‘AARAMBH’, a ready reckoner, as a part of its investor awareness campaign, 'Udaan'. This campaign aims to equip young parents and youth, with the necessary awareness and tools to make well-informed financial decisions, empowering them to pursue their financial goals with confidence and success. AARAMBH's mission is to ignite the flames of financial wisdom, empowering young parents to t...
Yes Securities Launches AARAMBH: Inspiring Early Education Investment for Parents
Yes Securities Launches AARAMBH: Inspiring Early Education Investment for Parents
Source: PR Agency
21/08/2023 3:30:46 PM
Government sets target of raising port capacity to more than 10,000 MTPA by 2047:Sarbananda Sonowal Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has said that the government has set itself a target of raising the country's port capacity to more than 10,000 Million Ton Per Annum (MTPA) from the current 2,600 MTPA by 2047. he also said the government will soon set up a Bureau of Port Security to upgrade security across all ports in the country.  Sonowal said the country's maritime sector is poised for substantial growth with over Rs 10 lakh crore worth o...
Government sets target of raising port capacity to more than 10,000 MTPA by 2047:Sarbananda Sonowal
Government sets target of raising port capacity to more than 10,000 MTPA by 2047:Sarbananda Sonowal
Source: Accord Fintech
21/08/2023 12:20:07 PM
Singapore`s Sea to invest more in e-com platform Shopee amid TikTok threat E-commerce giant Sea will bump up investments in its online shopping business Shopee across all markets as Chinese company TikTok’s shopping venture expands into new territories, the media reported on Wednesday. The Southeast Asian tech company Sea, which has shut operations of its e-commerce portal Shopee in India, aims to invest more in its e-commerce unit as competition heats up, reports Nikkei Asia. TikTok, the short video platform owned by ByteDance, launched online shopping...
Singapore`s Sea to invest more in e-com platform Shopee amid TikTok threat
Singapore`s Sea to invest more in e-com platform Shopee amid TikTok threat
Source: IANS
16/08/2023 6:00:25 PM
India approves $7 billion plan for electric buses in nearly 170 cities India approved plans on Wednesday to deploy 10,000 electric buses in 169 cities, along with charging and associated infrastructure facilities, at an estimated cost of nearly 580 billion rupees ($7 billion) for a decade. The federal government will fund 200 billion rupees ($2.4 billion) of the cost of the scheme, based on a public-private partnership model, but it was not immediately clear if funds for the rest would come from state governments or private companies. Shares of companies t...
India approves $7 billion plan for electric buses in nearly 170 cities
India approves $7 billion plan for electric buses in nearly 170 cities
Source: Reuters
16/08/2023 4:59:50 PM
SK Telecom to invest $100 mn in US AI firm Anthropic SK Telecom, South Korea's largest wireless carrier, said it will invest $100 million in the US artificial intelligence (AI) company Anthropic in a partnership deal to expand its footprint in the AI sector. Anthropic is a San Francisco-based AI safety and research company, with products like the AI assistant Claude. It was founded in 2021 by former members of OpenAI, the operator of ChatGPT. SK Telecom said it planned to collaborate with Anthropic to develop an AI platform, as well a...
SK Telecom to invest $100 mn in US AI firm Anthropic
SK Telecom to invest $100 mn in US AI firm Anthropic
Source: IANS
14/08/2023 3:10:02 PM
FPIs sold stocks to the tune of Rs 7,543 cr in August  In August, FPIs sold stocks to the tune of Rs 7,543 crore, V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. After three months of sustained buying with cumulative investment of Rs 1,37,603 crore, FPIs have turned sellers in India. Strength in the dollar index and the US 10-year bond yield remaining well above 4 per cent is a short-term negative for FPI flows to emerging markets like India, he said. FPIs continue to be buyers in financials, capital goo...
FPIs sold stocks to the tune of Rs 7,543 cr in August
FPIs sold stocks to the tune of Rs 7,543 cr in August
Source: IANS
12/08/2023 11:35:29 AM
EPFO invests Rs 13,017 crore in ETFs in April-July period of FY24 The retirement fund body Employees' Provident Fund Organisation (EPFO) has invested Rs 13,017 crore in exchange traded funds (ETFs) in the April-July period of the current fiscal year (FY24). EPFO invested Rs 53,081 crore in ETFs in 2022-23, Rs 43,568 crore in 2021-22 and Rs 32,071 crore in 2020-21. The EPFO invested Rs 31,501 crore in ETFs in 2019-20 and Rs 27,974 crore in 2018-19. Minister of State for Labour and Employment Rameswar Teli has stated that the EPFO invests in equity mar...
EPFO invests Rs 13,017 crore in ETFs in April-July period of FY24
EPFO invests Rs 13,017 crore in ETFs in April-July period of FY24
Source: Accord Fintech
11/08/2023 1:53:56 PM
BGMI maker Krafton pledges $150 mn investment in India BGMI game maker Krafton on Thursday pledged $150 million investment in India over the next two to three years. The company said it will invest in the gaming and startup ecosystem in the country, focusing on content-based platforms and deep tech. “We firmly believe in India’s potential as a key player in the global gaming and technology industry, and our commitment to invest an additional $150 million over the next two to three years reflects our dedication to fueling this gr...
BGMI maker Krafton pledges $150 mn investment in India
BGMI maker Krafton pledges $150 mn investment in India
Source: IANS
10/08/2023 9:31:10 AM
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors With an aim of facilitating collaboration and sharing best practices among startups, investors, incubators, and aspiring entrepreneurs, Union Minister of Commerce and Industry, Textiles, Consumer Affairs and Food & Public Distribution, Piyush Goyal has said that India will be launching the BRICS Startup Forum in 2023. While highlighting the transformation that has taken place in India, Goyal also commented on the expanding Startup India initiative that has led to the creation of nearly...
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors
India to launch BRICS Startup Forum to facilitate collaboration among startups, investors
Source: Accord Fintech
8/08/2023 1:48:58 PM
India's Mahindra and Mahindra does not intend to invest more in RBL Mahindra and Mahindra does not intend to build on its stake in RBL Bank, the Indian automaker said on Friday, roughly a week after its purchase of a 3.5% stake in the lender sparked investor concerns. Mahindra shares plunged at the announcement of the 4.17 billion rupee ($50 million)-deal, in which the company said it also planned to raise its stake to 9.9% in the future, subject to regulatory approval. "This investment is really for us to understand banking in a lot more detail wi...
India's Mahindra and Mahindra does not intend to invest more in RBL
India's Mahindra and Mahindra does not intend to invest more in RBL
Source: Reuters
4/08/2023 3:43:14 PM
`India`s macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth' The macro challenge in the decade ahead will be to achieve sustained high, stable and inclusive growth, which has thus far been elusive, S&P Global said in a report titled India's Moment. A paramount test will be whether India can become the next big global manufacturing hub, an immense opportunity. Developing a strong logistics framework will be key in transforming India from a services-dominated economy into a manufacturing-dominant one, the report said. Unlocking labor mar...
`India`s macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'
`India`s macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'
Source: IANS
3/08/2023 5:39:58 PM
Foxconn to invest $600 million in India's Karnataka for iPhone components, chip-making machinery Taiwan's Foxconn will invest $600 million in two projects in the southern Indian state of Karnataka for chip equipment manufacturing and casing components for iPhones, the state government said on Wednesday. Some $350 million will go towards setting up the iPhone component unit which will generate 12,000 jobs, while Foxconn will tie up with Applied Materials in a $250 million project to make chip-making tools, the government said. Reuters was first to report on the investment plans on ...
Foxconn to invest $600 million in India's Karnataka for iPhone components, chip-making machinery
Foxconn to invest $600 million in India's Karnataka for iPhone components, chip-making machinery
Source: Reuters
2/08/2023 3:09:15 PM
Karnataka Government signs MoU with IBC, to set up recyclable Lithium-ion battery plant Karnataka government and US-based International Battery Company (IBC) on Tuesday signed a Memorandum of Understanding (MoU) to set up a recyclable Lithium-ion battery manufacturing unit with an investment of Rs. 8,000 crores (USD 1 Bn) in the state. IBC India Pvt. Ltd., President Venkatesh Valluri and Principal Secretary for Department of Commerce and Industries Selvakumar signed and exchanged the MoU in the presence of Large and Medium Industries Minister MB Patil. Minister MB Patil sa...
Karnataka Government signs MoU with IBC, to set up recyclable Lithium-ion battery plant
Karnataka Government signs MoU with IBC, to set up recyclable Lithium-ion battery plant
Source: IANS
2/08/2023 10:11:24 AM
Foxconn to set up mobile component facility in Tamil Nadu investing Rs 1,600cr Taiwanese electronics major Hon Hai Technology Group or Foxconn will be setting up a mobile phone component manufacturing facility in Tamil Nadu's Kancheepuram district at an outlay of Rs 1,600 crore.  An agreement to this effect was signed between Foxconn and Tamil Nadu government's Guidance Bureau in the presence of Chief Minister M.K. Stalin.  The Foxconn team led by the Group Chairman Young Liu had met Stalin here.  "Was delighted to meet the Foxconn G...
Foxconn to set up mobile component facility in Tamil Nadu investing Rs 1,600cr
Foxconn to set up mobile component facility in Tamil Nadu investing Rs 1,600cr
Source: IANS
31/07/2023 6:08:06 PM
US investment firm Fidelity devalues holding in Indian SaaS company Gupshup Amid a deepening funding crunch, leading US investment firm Fidelity has reportedly slashed the estimated worth of its holding in homegrown conversational engagement platform Gupshup by over 20 per cent in a month. Fidelity has devalued its holdings in Gupshup by 50 per cent since its initial investment, TechCrunch reported on Monday. Fidelity had invested $16.2 million in Gupshup in mid-2021 in a round that valued it at $1.4 billion. At June end, Fidelity valued its holding in Gupsh...
US investment firm Fidelity devalues holding in Indian SaaS company Gupshup
US investment firm Fidelity devalues holding in Indian SaaS company Gupshup
Source: IANS
31/07/2023 1:57:06 PM
Tesla executives hold market entry talks with India investment agency Two senior Tesla executives discussed the company's plans to enter India with officials from the country's investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S. carmaker has expressed an interest in building a factory in India that would produce a low-cost electric vehicle (EV) priced at $24,000, around 25% cheaper than Tesla's current entry model, for both the Indian market and export. ...
Tesla executives hold market entry talks with India investment agency
Tesla executives hold market entry talks with India investment agency
Source: Reuters
29/07/2023 9:19:44 AM
AMD to invest $400mn to expand research, development operations in India Chipmaker AMD on Friday announced plans to invest about $400 million over the next five years to expand research, development, and engineering operations in India.  The planned investment includes a new AMD campus in Bangalore that will serve as the company's largest design centre, as well as the addition of approximately 3,000 new engineering roles by the end of 2028.  The new AMD campus is expected to open before the end of 2023 and will feature extensive lab space, stat...
AMD to invest $400mn to expand research, development operations in India
AMD to invest $400mn to expand research, development operations in India
Source: IANS
28/07/2023 6:24:05 PM
Narendra Modi tells investors India wants to be India wants to emerge as a trusted partner for the semiconductor industry and is keen to be a chip supplier for the world, Prime Minister Narendra Modi said on Friday, as he steps up efforts to attract global investors to establish production in the country. "To expedite the growth of the semiconductor sector in the country, we are continuously undertaking policy reforms," said Modi, who has made chipmaking the top priority of his economic policy. "We are working with partne...
Narendra Modi tells investors India wants to be
Narendra Modi tells investors India wants to be "trusted partner" for chipmaking
Source: Reuters
28/07/2023 2:11:17 PM
U.S. chipmaker AMD to invest $400 million in India by 2028 U.S. chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD's announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi's home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotr...
U.S. chipmaker AMD to invest $400 million in India by 2028
U.S. chipmaker AMD to invest $400 million in India by 2028
Source: Reuters
28/07/2023 12:01:26 PM
Sona BLW Precision Forging to invest Rs 99.7 crore to expand Chennai plant Automotive component maker Sona BLW Precision Forgings Ltd ((Sona Comstar) will expand its plant capacity here at an investment of about Rs 99.7 crore. According to the company, the Chennai plant capacity will be increased to 600,000 electric vehicle (EV) traction motors (100,000 units each of hub and drive motors) from 400,000 units (hub motor 300,000 units, drive motor 100,000 units). The company will also set up a new capacity of 500,000 units of printed circuit board assembly by fis...
Sona BLW Precision Forging to invest Rs 99.7 crore to expand Chennai plant
Sona BLW Precision Forging to invest Rs 99.7 crore to expand Chennai plant
Source: IANS
28/07/2023 10:43:50 AM
Canadian pension plan investment board delegation meets NIrmala Sitharaman  Finance Minister Nirmala Sitharaman on Thursday met a delegation from the Canadian Pension Plan Investment Board (CPPIB), which highlighted its investment plans in India on the long run. "Union Finance Minister Smt. @nsitharaman met a delegation from Canadian Pension Plan Investment Board (CPPIB) @cppinvestments comprising of their global senior leadership," the Finance Ministry said in a tweet. The delegation was led by John Graham, President and CEO of the CPPIB. &q...
Canadian pension plan investment board delegation meets NIrmala Sitharaman
Canadian pension plan investment board delegation meets NIrmala Sitharaman
Source: IANS
28/07/2023 10:37:58 AM
With Rs 1,000 cr investment US-based firm to set up silicon carbide manufacturing facility in Odisha US-based Silicon Power Group has proposed to set up a 150 mm silicon carbide manufacturing facility in Odisha with an investment of Rs 1,000 crore. The investment will be made by the group's Indian Subsidiary, RiR Power Electronics, Odisha Chief Minister's Office (CMO) said on Thursday. Harshad Mehta, promoter of the group and an electronics and semiconductor industry veteran with four decades of leadership experience, has submitted a letter of intent to the delegation of Odisha...
With Rs 1,000 cr investment US-based firm to set up silicon carbide manufacturing facility in Odisha
With Rs 1,000 cr investment US-based firm to set up silicon carbide manufacturing facility in Odisha
Source: IANS
27/07/2023 2:12:41 PM
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss  Stocks of the Mahindra & Mahindra (M&M) group have been under selling pressure and were the top Sensex losers on Thursday. M&M slumped 6.5 per cent after the company announced equity stake buy in RBL Bank. On Wednesday, it made an announcement of acquiring a 3.53 per cent stake in RBL Bank as an investment at a cost of Rs 417 crore. “We may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstance...
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss
Source: IANS
27/07/2023 12:43:31 PM
Jio Financial Services, BlackRock agree to form joint venture to enter India`s asset management industry Jio Financial Services Limited (JFS) and BlackRock on Wednesday announced an agreement to form Jio BlackRock, a 50:50 joint venture that combines the respective strengths and trusted brands of BlackRock and JFS to deliver tech-enabled access to affordable, innovative investment solutions for millions of investors in India.  Jio BlackRock brings BlackRock's deep expertise and talent in investment management, risk management, product excellence, access to technology, operations, sca...
Jio Financial Services, BlackRock agree to form joint venture to enter India`s asset management industry
Jio Financial Services, BlackRock agree to form joint venture to enter India`s asset management industry
Source: IANS
27/07/2023 9:40:35 AM
Foxconn unit in talks for $200 million components plant in India`s Tamil Nadu A Foxconn subsidiary is in talks with India's Tamil Nadu state to invest up to $200 million to build a new plant for electronic components in the southern region, two sources with direct knowledge told Reuters on Wednesday. Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments in the state, the government said in a statement after the meeting, without elaborating. ...
Foxconn unit in talks for $200 million components plant in India`s Tamil Nadu
Foxconn unit in talks for $200 million components plant in India`s Tamil Nadu
Source: Reuters
27/07/2023 9:14:12 AM
India`s Jio Financial Services, BlackRock to launch asset management venture India's Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Group, and U.S.-based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a statement on Wednesday. The announcement comes days after Jio Financial Services was demerged from Reliance Industries, with the markets ascribing a valuation of nearly $20 ...
India`s Jio Financial Services, BlackRock to launch asset management venture
India`s Jio Financial Services, BlackRock to launch asset management venture
Source: Reuters
27/07/2023 9:06:06 AM
India open to Chinese investment, deputy IT minister says - FT India is open to Chinese investment despite border clashes between the two countries, the Deputy Minister for Information Technology Rajeev Chandrasekhar told the Financial Times in a report published on Wednesday. "We are open to doing business with any company anywhere as long as they are investing and conducting their business lawfully and are in compliance with the Indian laws," Chandrasekhar told the FT, adding that India was "open to all investment, including Chinese&q...
India open to Chinese investment, deputy IT minister says - FT
India open to Chinese investment, deputy IT minister says - FT
Source: Reuters
26/07/2023 1:48:06 PM
Info Edge rises as its arm to invest Rs 20 crore in Startup Investments Info Edge (India) is currently trading at Rs. 4605.00, up by 38.25 points or 0.84% from its previous closing of Rs. 4566.75 on the BSE. The scrip opened at Rs. 4570.00 and has touched a high and low of Rs. 4612.00 and Rs. 4568.50 respectively. So far 2079 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4765.90 on 17-Jul-2023 and a 52 week low of Rs. 3310.00 on 14-Mar-2023. Last one week high and low of the scri...
Info Edge rises as its arm to invest Rs 20 crore in Startup Investments
Info Edge rises as its arm to invest Rs 20 crore in Startup Investments
Source: Accord Fintech
25/07/2023 2:36:12 PM
India's HDFC Life Q1 profit rises on investment gains India's HDFC Life Insurance Co Ltd reported a 15.4% rise in first-quarter profit on Friday, aided by investment gains and a rise in premium income. The Mumbai-based company's profit after tax rose to 4.15 billion rupees ($50.6 million) for the quarter ended June 30 from 3.6 billion rupees a year ago, it said in an exchange filing. The insurer, a unit of India's top lender HDFC Bank, reported a 13% rise in its annual premium equivalent (APE) sales, a closely watched gauge of ...
India's HDFC Life Q1 profit rises on investment gains
India's HDFC Life Q1 profit rises on investment gains
Source: Reuters
21/07/2023 4:06:52 PM
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds Tata Sons on Wednesday announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually. This investment of over 4 billion pounds is an integral part of Tata Group's commitment to electric mobility and renewable energy storage solutions and establishes a competitive green tech ecosystem in the UK at scale. N. Chandrasekaran, Chairman, Tata Sons, said, "The Tata Group is deeply committed to a sustainable future across all...
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
Source: IANS
19/07/2023 1:59:14 PM
Nepal finance minister urges Gujarat to invest in his country Nepal's Finance Minister, Prakash Sharan Mahat, visited Ahmedabad on Tuesday and extended an invitation to Gujarati entrepreneurs and investors to explore business prospects in Nepal.  He highlighted the numerous opportunities available in the country and emphasised Nepal's commitment to fostering stronger business and cultural relations with India, particularly with the Gujarati community.  "In the sector of education and healthcare, there is a lot of scope. Nepa...
Nepal finance minister urges Gujarat to invest in his country
Nepal finance minister urges Gujarat to invest in his country
Source: IANS
19/07/2023 11:49:26 AM
LG plans $39.5 bn investment to hit $79 bn in sales by 2030 LG Electronics aims to spend $39.5 billion in research and development, facility and strategic investment as it aims to reach $79 billion in sales by 2030, up from $51.4 billion last year. By 2030, the company aims to double sales for its heating, ventilation and air conditioning (HVAC) business and become a global top-tier comprehensive air conditioning company. LG Electronics (LG) declared its vision to transform from its current position as a top global home appliance brand to a &ldq...
LG plans $39.5 bn investment to hit $79 bn in sales by 2030
LG plans $39.5 bn investment to hit $79 bn in sales by 2030
Source: IANS
15/07/2023 11:46:14 AM
New retail investors jumping on to market bandwagon normally happens at the peak of rally An important trend in the market is the surge in retail investor participation as indicated by the sharp increase in new demat accounts at 2.36 million opened in June, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. New retail investors jumping on to the market bandwagon normally happens at the peak of a rally. This is a sign for caution, he said. The FPI liquidity driven rally is showing signs of losing steam. Some of the leading indicators like credit ...
New retail investors jumping on to market bandwagon normally happens at the peak of rally
New retail investors jumping on to market bandwagon normally happens at the peak of rally
Source: IANS
6/07/2023 11:47:41 AM
HPE to manufacture high-volume servers worth $1 bn in India Enterprise IT company Hewlett Packard Enterprise (HPE) on Tuesday announced plans to begin manufacturing some of its high-volume servers worth $1 billion in the country. HPE plans to manufacture high-volume servers in the first five years of production from India.  With a rapidly growing electronic manufacturing ecosystem in India, HPE has partnered with domestic manufacturer VVDN Technologies to manufacture HPE’s products from its plant in Manesar in Haryana.  This m...
HPE to manufacture high-volume servers worth $1 bn in India
HPE to manufacture high-volume servers worth $1 bn in India
Source: IANS
4/07/2023 3:29:02 PM
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23  In a fiscal of acquisitions and venturing into new areas, the city based conglomerate Murugappa Group had posed 35.8 per cent growth in turnover and 24 per cent growth in after tax profits. Last fiscal the group had announced investments of about Rs 648.9 crore for acquisitions and new ventures. According to the Murugappa Group, it had logged a turnover of Rs 74,220 crore (previous year Rs 54,648 crore) and a profit after tax of Rs 6,846 crore (Rs 5,520 crore). The Group has 29 bu...
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23
Murugappa group invested Rs 648.9 cr for acquisitions and new ventures in FY23
Source: IANS
3/07/2023 4:31:04 PM
New Investment from IFU Supports Microfinance in India IFU has invested DKK 166 million in Arohan Financial Services, being a microfinance institution serving around two million clients in India. The capital from the new investors will assist the company in growing its business and impact as well as greening its services. The investment is made on behalf of the Danish SDG Investment Fund, which is backed by large Danish pension funds and private investors. Arohan Financial S...
New Investment from IFU Supports Microfinance in India
New Investment from IFU Supports Microfinance in India
Source: PR Agency
3/07/2023 4:05:04 PM
GIDA ready for allocation of plots for investors In an attempt to accelerate the process of setting up of industries, the Gorakhpur Industrial Development Authority (GIDA) in Uttar Pradesh will soon initiate the application process for the allocation of 253 industrial plots in different sectors, including the plastic and readymade garments park projects among others. According to Pawan Agrawal, the Chief Executive Officer of GIDA, the allocation process for the new plots will expedite the development of a plastic park. As per the avai...
GIDA ready for allocation of plots for investors
GIDA ready for allocation of plots for investors
Source: IANS
3/07/2023 3:33:01 PM
FPIs have invested more than Rs 47000 cr in June FPIs have invested Rs 47,148 crore in June on top of the Rs 43,838 crores in May. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said valuations in India are rich, from a short-term perspective. Therefore, even while continuing to invest in India, FPIs are likely to turn a bit cautious, going forward. Sustained FPI flows triggered by India’s steadily improving macros have taken markets to record highs. The major reason for the sustained FPI flows into ...
FPIs have invested more than Rs 47000 cr in June
FPIs have invested more than Rs 47000 cr in June
Source: IANS
1/07/2023 2:24:20 PM
Banks allowed to operationalise Mahila Samman Savings Certificate scheme The government has authorised all public sector banks and eligible private sector lending institutions to implement and operationalise the Mahila Samman Savings Certificate, 2023. The Finance Ministry, through a gazette notification issued on June 27, authorised banks to implement the scheme, which was announced by Finance Minister Nirmala Sitharaman during her budget speech on February 1. The scheme is aimed at enabling enhanced access for girls and women. With this, Mahila Samman Savi...
Banks allowed to operationalise Mahila Samman Savings Certificate scheme
Banks allowed to operationalise Mahila Samman Savings Certificate scheme
Source: IANS
1/07/2023 9:25:22 AM
Taiwanese investors delegation hold talks with Karnataka government keen on bus conversion to electricity   Karnataka's Large and Medium Industries Minister M.B. Patil on Friday said that Taiwanese companies have expressed interest to collaborate with the state Karnataka in converting diesel-run BMTC buses to electric buses. Briefing reporters after a high-level delegation from Taiwan met him here to discuss industrial collaboration, he said: "Converting the diesel-powered Bengaluru Metropolitan Transport Corporation (BMTC) buses to electric buses would enable us to take a ste...
Taiwanese investors delegation hold talks with Karnataka government keen on bus conversion to electricity
Taiwanese investors delegation hold talks with Karnataka government keen on bus conversion to electricity
Source: IANS
1/07/2023 9:16:51 AM