Bridgestone India to invest $85 million to boost production, establish tech center in India
Nov 09, 2024, at 05:10 am
Kolkata: Japanese tyre giant Bridgestone Corporation announced a $85 million (around Rs 720 crore) investment to boost production capacity and capabilities at its two Indian plants.
Reliance Group partners with Bhutan for major solar and hydropower projects
Oct 03, 2024, at 03:37 am
Thimphu: Reliance Group announced a strategic collaboration with the government of Bhutan to develop large-scale solar and hydropower projects.
Piyush Goyal discusses investment avenues with existing and potential US investors
Oct 02, 2024, at 06:27 am
New York: Commerce and Industry Minister Piyush Goyal chaired a roundtable discussion with young CEOs and entrepreneurs of Indian origin in New York organised by the Consulate General of India to discuss the business landscape of India and provide suggestions for reforms.
How to Save Tax with SIP Investment?
Oct 01, 2024, at 08:16 pm
People can invest whenever they want throughout the year, whether it’s for placing extra funds in the market or for saving taxes. However, an issue arises when the employees are told to provide their plans for tax-saving several months before the end of the economic year. When you make an investment at the last moment, it may lead to many risks, such as choosing an incorrect product to fund, which does not provide you with the outcomes you need. That’s why it is always better to invest to save tax with the help of SIP and achieve the outcomes that you desire.
Singapore plans to make major investment in India in coming years: Piyush Goyal
Sep 06, 2024, at 06:40 am
New Delhi/IBNS: Union Commerce and Industry Minister Piyush Goyal Thursday said Singapore has already invested about $150 billion in India and is ready to invest five times that amount in the coming years.
Mutual fund industry sees record growth in June 2024 with AUM reaching Rs 61,15,581.92 cr
Jul 10, 2024, at 01:46 am
The mutual fund industry's net Assets Under Management (AUM) reached Rs 61,15,581.92 crores in June 2024, showing a significant increase from Rs 58,91,160.48 crores in May 2024.
FIIs turn bullish on financial services; acquire shares worth Rs 8,100 cr in late June
Jul 04, 2024, at 11:18 pm
Mumbai: Foreign institutional investors (FII) have shown a marked shift towards optimism in the financial services sector, purchasing shares valued at over Rs 8,100 crore during the latter half of June, reported Moneycontrol.
JSW Cement to invest Rs 3,000 cr to establish new integrated cement facility in Rajasthan
May 22, 2024, at 03:02 am
Mumbai: JSW Cement announced on Tuesday that it will invest nearly Rs 3,000 crore for a new cement manufacturing plant in the Nagaur district of Rajasthan.
Total number of folios of Indian mutual fund industry doubled in last 5 years to touch 17.79 lakh cr
Apr 17, 2024, at 08:51 am
Mumbai: The total number of folios in the Indian mutual fund industry has nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020 on the back of increasing awareness and a growing interest among retail investors for investing in equities and bonds through the mutual fund route.
India eyes US$100 billion annual FDI from investors looking to diversify from China
Apr 07, 2024, at 08:36 pm
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
Equity fund inflows grow 23% to Rs 26,866 cr in February: AMFI
Mar 09, 2024, at 05:13 am
Mumbai: Inflows to open-ended equity funds surged by 23 percent to reach Rs 26,865.78 crore in February, marking the 36th consecutive month of positive inflows into equity funds since March 2021, according to data published by the Association of Mutual Funds in India (AMFI) on Friday.
Feb 15, 2024, at 03:55 am
Mumbai: The number of complaints lodged by investors and distributors for the half-year ending September 30, 2023, stood at a mere 485 complaints, the Association of Mutual Funds in India (AMFI) said in a report.
Feb 14, 2024, at 01:33 am
Mumbai: The top five states and Union Territories, including Maharashtra, New Delhi, Karnataka, Gujarat and West Bengal witnessed an average growth of around 27-30 percent in AAUM (Average Assets under Management) in January 2024 on a year-on-year basis.
Spotlight India: Singapore's investment giant Temasek's top execs on a visit to India
Dec 07, 2023, at 02:41 am
Mumbai: The 11-member board of directors from Temasek is currently on an important visit to India, seen as a global bright spot, Moneycontrol reported.
ONGC planning to invest Rs 1 lakh cr to set up two petrochemical plants
Nov 16, 2023, at 04:21 am
Mumbai: India’s leading oil and gas producer and explorer ONGC is planning to invest approximately Rs 1 lakh crore in setting up two petrochemical plants aimed at directly converting crude oil into high-value chemical products, Moneycontrol reported.
KKR to invest Rs 2,069 crore in Reliance Retail for additional 0.25% stake
Sep 13, 2023, at 05:01 am
Mumbai: Global investment firm KKR will invest Rs 2,069.50 crore into Reliance Retail Ventures Ltd (RRVL) to increase its equity stake in the retail major from 1.17% to 1.42%.
RBI revises rules for classification and operation of investment by banks
Sep 13, 2023, at 04:57 am
Mumbai: The Reserve Bank of India (RBI) said on Tuesday that it has amended the existing norms for the classification, valuation, and operation of investment portfolios of commercial banks based on the feedback it received from a discussion paper.
May 10, 2023, at 06:14 am
Guwahati: Assam on Tuesday inked Memorandum of Understandings (MoUs) with nine companies that are estimated to bring private investments to the tune of Rs 8201.29 crore.
Hyderabad-based QSR chain ZOMOZ raises funds for global expansion
Nov 29, 2022, at 06:41 pm
Hyderabad/IBNS: Internet food company Zomoz has raised an undisclosed amount from existing investor and food tech unicorn Rebel Foods in its second round of capital to further global expansion.
Page Industries to invest Rs 290 cr in Telangana
Nov 17, 2022, at 08:58 pm
Hyderabad/IBNS: Exclusive licensee of Jockey International in India Page Industries on Wednesday announced to invest Rs 290 crores to set up two facilities in Telangana.
SIP contribution in September 2022 jumps to highest ever Rs 12,693 lakh crore: AMFI
Oct 11, 2022, at 02:27 am
SIP contribution in the month of September 2022 increased from Rs 12,693.45 lakh crore to the highest ever Rs 12,976.34 lakh crore with the number of SIP accounts standing at 5,83,77,684, according to data released by the Association of Mutual Funds of India (AMFI).
'INSIGHT 2022': Nitin Gadkari calls for professionally managed public transport system
Sep 15, 2022, at 11:58 pm
New Delhi/UNI: Union Minister for Road Transport and Highways Nitin Gadkari on Thursday called for a professionally managed public transport system.
The best investment hack to crack the maximum benefits.
Aug 27, 2022, at 06:04 pm
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UP has become favourite destination for investors: Kumar Mangalam Birla
Jun 04, 2022, at 09:09 pm
Lucknow/UNI: Referring to the old ties between Uttar Pradesh and the Aditya Birla Group (ABG), Chairman of ABG Kumar Mangalam Birla on Friday said post independence an aluminium factory in the name of Hindalco in the state was set up by them, marking the beginning for his group to becoming the world's largest company in its field.
Apr 30, 2022, at 11:55 pm
Kolkata/IBNS: During the national conclave Dream, Believe, Magic (DBM) hosted by Young India, youth arm of CII (Confederation of Indian Industries), Co-founder of Emcure Pharmaceuticals Namita Thapar said she bets on passionate and driven entrepreneurs who recognise their market in-depth.
States should leverage opportunities to scale up investments and growth: Nirmala Sitharaman
Nov 16, 2021, at 06:05 am
New Delhi/IBNS: Union Finance Minister Nirmala Sithraman on Monday directed states to leverage opportunities to scale up investments and growth with Centre's reforms to make India globally and domestically attractive in terms of being business-friendly.
Do you want to build wealth? Bet you've missed this unique option of building your wealth
Apr 24, 2021, at 08:21 pm
Wealth can easily fulfil our dreams. There is truly no secret that has been there to build up wealth. You don’t require any special connections, luck, trick, or seminars to build wealth. There are so many people, who want to become rich, but then their actions don't go with their words. Making money is never a bigger deal, but keeping the money is.
Money Logic: Who Should Invest in The Best Savings Plan
Dec 21, 2020, at 08:02 pm
We go through our lives, making sure that our loved ones are healthy and happy. For most of us, that means taking care of their present and future financial requirements. If you are an earning individual, these may be some of the prevailing concerns in your mind before making any investment-related decision.
Seimens Healthineers invests Rs. 1300 crore in India
Oct 21, 2020, at 05:12 am
Benagluru/IBNS: To advance the digitalization of healthcare, Siemens Healthineers on Tuesday announced plans to invest INR 1,300crore (EUR 160 million) over the next five years in an innovation hub in Bengaluru, India.
Dream Sports of Mumbai attracts large funding from Tiger Global, TTAD and others
Sep 15, 2020, at 04:59 pm
Mumbai/IBNS: Dream Sports, a Mumbai-based sports technology company, which owns brands such as Dream11, FanCode and DreamX, has received a fresh round of funding worth $225 million.