Investment

The Government has established Fund of Funds for Startups (FFS) to meet the funding needs of sprouting entrepreneurs in the country, the Rajya Sabha was told on 21 June 2019.

Purified terephthalic acid (PTA) demand in India is projected to grow at a CAGR of 3.44% during 2019-2030 to reach 9,023 thousand tonnes by 2030 from 6,179 thousand tonnes in 2018, according to ResearchAndMarkets report.

China has urged India to make an "independent judgement" about Huawei's operations in the country without being guided by the US ban on the Chinese telecom products.

Economists are evaluating the impact of challenging global trade outlook and disputes on Indian economic growth in fiscal 2020, lowering growth prospects to 6.8% year-on-year from earlier projections of 7%.

Logistics & warehousing is a bright new spot on the Indian real estate heatmap drawing over US$1.1 billon investments, writes Shobhit Agarwal, MD & CEO – ANAROCK Capital.

The Vice President M. Venkaiah Naidu has advised the Defence Minister Rajnath Singh to take a personal interest in expediting the defence projects in Andhra Pradesh, the foundation stones for many of which have been laid.

About 2 million xEVs (electric and hybrid vehicles) will be sold in India in 2030 owing to increasing government initiatives and incentives, domestic OEMs' interest towards EVs and the increasing popularity and awareness among Indian customers, says a research report.

Piramal Enterprises' sale of a stake in Shriram Transport Finance Co Ltd (STFC) to institutional investors will not significantly alter STFC's operations, says S&P Global Ratings.

GAIL (India) Ltd has produced Metallocene linear-low density polyethylene (mLLDPE) on its world-class 400,000 MT per annum UNIPOL™ PE Reactor line at Pata in Uttar Pradesh.

World Food India 2019, to be held 1-4 November 2019, will be the biggest gathering of all global and domestic stakeholders in Food Processing Sector.