Investment

FCI to embark upon modernizing its storage facilities The Government has announced an increase in the authorized capital of the Food Corporation of India (FCI) to Rs.21,000 crore from Rs.10,000 crore for fortifying India's agrarian economy. FCI, as the pillar...

Rs.75,000+ crore required to solarize one crore households The Indian Renewable Energy Development Agency Ltd (IREDA) CMD Pradip Kumar Das says Rs.30 lakh crore investment is critically needed in 2024-30 for India’s Nationally Determined Contributions (NDC) goals by 2030. “Investment...

Talapatra leads Wipro into fast-growing insurance sector Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) has made a significant investment in Aggne, a leading consulting and managed services company serving insurance and Insurtech industries with offices in Tampa and Hyderabad....

Nagpur expertise to encompass solar pumping projects Nagpur’s Rite Water Solutions says it will scale operations significantly following the recent closure of the combined Rs.100 crore B series funding round which was backed by ace investors and international funds. The...

Bhatt discuss defence collaboration in Riyadh The defence sector has so far secured Rs.5,077 crore worth of Foreign Direct Investment (FDI), Minister of State for Defence Ajay Bhatt said in a written reply to Lok Sabha on 9 Feb 2024....

Petronet plans Rs.12,685cr propane dehydrogenation plant Petronet LNG Ltd is making a hefty Rs.40,000 crore investments on expanding LNG import capacity and setting up processing plants for petrochemicals with a target to treble net profit by 2028, its CEO A...

MoRTH-NHAI’s Total Asset Monetization Program has crossed Rs.1 lakh crore NHAI has raised the highest ever concession value of Rs.15,624.90 crore through ’InvIT Round-3’ by monetizing 10 stretches with the aggregate length of about 890 km. NHAI is adopting three...

India negotiating bilateral investment treaties with foreign partners Minister for Finance & Corporate Affairs Nirmala Sitharaman said that the recently announced India-Middle East-Europe Economic Corridor is a strategic and economic game changer for India and others. While presenting the Interim...

Rajnath Singh described India and the US as natural partners The capital and technological know-how from the US can help India to achieve its goal of becoming a developed country by 2047, while investments in the country can give the...

Policy aims to reshape Indian capital market landscape Direct listing of Indian public companies is being allowed at GIFT- IFSC exchanges in the first phase, according to a Ministry of Finance announcement on 24 Jan 2024. This policy initiative, to...