Investment

Rs.120bn PLI revitalizing manufacturing of heavy mining-construction equipment The Ministry of Steel has established 57 Memorandum of Understanding (MoUs) with 27 companies, projecting an investment of around Rs.300 billion for creating an additional capacity of approximately 25 million tonnes (MT)...

NHIT has established itself as a leading player in the InvIT space, says Jain Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board lead investors in the Rs.16,000 crore raised by the National Highway Authority of India (NHAI),...

Maybank has become the first bank to settle in INR-IDR local currencies Malaysia’s Maybank is investing US$10 million in the group’s Mumbai branch through Indonesian-subsidiary PT Bank Maybank Indonesia Tbk to continue supporting business and trade relations between Indonesia and...

Big capex spending by coal producers Ministry of Coal https://unfccc.int/ has outperformed in the Govt’s ambitious plan of monetizing underutilized assets in its flagship programme of Asset Monetization started in FY 2021-22. Overall achievement under Asset Monetization is as follows:...

Moderating equity return expectations strike a note of caution 2024 will be a pivotal year globally and for India, says R Shankarraman, ED & CIO – Third Party Products, Centrum Wealth which has released an economic survey. The Fund Managers’...

Rieder spoke of the uncertainty that AI portends as for jobs are concerned On his first visit to India, BlackRock Chief Investment Officer for Fixed Income Assets, Rick Rieder said India’s economic growth was unlike what he had ever seen....

Over Rs.1,000 cr invested in private Space Startups, says Minister India has the potential of US$100 billion space economy by 2040, Minister of State for Space Dr Jitendra Singh said, citing a recent ADL (Arthur D Little) Report https://www.adlittle.com/en ....

Rs.41,000cr invested for the 12th CGD Bidding Round Minister for Petroleum and Natural Gas https://mopng.gov.in/en Hardeep Singh Puri said the government is set to invest US$67 billion in the natural gas sector in the next six years in order to...

Being globally minded is Utah's competitive edge, says Freedman World Trade Center Utah (WTC Utah) and New Delhi-based Indus International Research Foundation (IIRF) have formed a partnership for a transformative business trade mission to India to unlock a plethora of...

100% FDI through automatic route allowed for manufacturing of components The Cabinet has approved the amendment in Foreign Direct Investment (FDI) policy on space sector, dividing the satellites sub-sector into three different activities with defined limits for foreign investment in...