investment

Amaravati, Andhra Pradesh Chambers of Commerce and Industry Federation on Monday said it will launch a helpdesk to support NRIs looking to invest in the state.Chambers contacted about 300 NRIs from across the world and urged them to invest in the state."AP Chambers plans to set up a help...

In New Delhi, Dutch investment firm Prosus has written off $578 million (around Rs 4,800 crore) it invested in edtech startup Byju's, the company said on Monday.As of September 2022, Prosus had lost significant influence in Think and Learn, which owns the Byju's brand, as its stake in the...

New Delhi, Warburg Pincus, Temasek Holdings and JP Morgan Investment on Monday sold an entire 13 per cent stake in CarTrade Tech for Rs 535 crore through open market transactions.Highdell Investment, an arm of US-based Warburg Pincus, sold shares in CarTrade Tech, while MacRitchie Investments...

Subsequently, the CPEC, often called a "flagship project", became a $62 billion initiative scheduled for completion in 2030.At the time of its announcement, Pakistan was grappling with a precarious economic situation characterized by a shortage of foreign direct investment, significant...

Mumbai, India, posted a current account surplus of $5.7 billion or 0.6 percent of GDP in the March quarter, the Reserve Bank of India said on Monday.In the same period last year, the current account deficit stood at $1.3 billion or 0.2 percent of GDP, and the same was $8.7 billion or 1 percent...

New Delhi, Dutch investment firm Prosus has written off US$578 million (about Rs 4,800 crore) it invested in edtech firm Byju's, the company said on Monday.In September 2022, Prosus lost significant influence over Think & Learn, which owns the Byju's brand, as its stake in the edtech firm...

In its annual report for FY24, the investment firm said that in the financial year, "due to reduction in value to equity investors, the group wrote off the fair value of its 9.6 per cent effective interest in Byju's".“A fair value loss of $493 million was recognized in other comprehensive...

Abu Dhabi [UAE] Lunate Capital, an Abu Dhabi-based management company, today launched the J.P. Chimera ETF. Morgan Global Sukuk, an exchange-traded fund (ETF or the Fund) that will be listed on the Abu Dhabi Stock Exchange (ADX). July 8th.The Chimera JP Morgan Global Kukuk ETF will track the...

Announcing this in the Assembly, CM Stalin said that in the coming two years, 10,000 kilometers of rural roads will be upgraded with an investment of Rs 4,000 crore under the Chief Minister Village Road Improvement Scheme.CM Stalin said Tamil Nadu has 1.38 lakh km of rural roads and Rs 4,000...

PNNAhmedabad (Gujarat) [India], June 24: Aaiji Group, led by visionary entrepreneur Lalit Parihar, continues to revolutionize the real estate landscape at Dholera Special Investment Region (SIR) with a series of innovative projects. With a keen eye for market trends and an unwavering...

New Delhi [India], The global economy is resilient with strong growth trends, low unemployment rates and manageable inflation, highlights a report by J P Morgan, an investment banking firm.The report highlighted a significant rise in global stocks, which have risen 20 percent over the past...

New Delhi [India], investment banking firm Morgan Stanley has anticipated a compound annual growth rate (CAGR) of 15.3 percent in infrastructure investments, which is expected to result in cumulative spending of 1.45 trillion of dollars in India over the next five years.This increase in...

New Delhi [India], Foreign Portfolio Investment (FPI) in the Indian stock market turned positive in June with net investment of Rs 12,170 crore, according to NSDL data.The data highlights that as of June 21, the FPIs had injected this amount into the stock market for the month. However...

The country's top 1,000 companies planned to invest a combined 72.5 trillion won ($52.12 billion) in 2023, up 8.7 percent from a year earlier, according to data from the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology.According to the Yonhap news...

In New Delhi, British International Investment, the UK's development finance institution, is betting big on the Indian electric vehicle ecosystem and expects to invest another $300 million over the next three years, according to its CEO and CTO. Telecommunications, Abhinav Sinha.The company...

New Delhi, in a strong recovery after the general election results, foreign investors have pumped Rs 12.17 billion into Indian stocks so far in June, mainly driven by expectations of continued political reforms and sustained economic growth .This came after a net withdrawal of Rs 25,586 crore...

New York [US], Joe Biden's administration is considering curbing US investment in critical Chinese technology industries that are crucial to modernizing China's military.The Treasury Department's proposed rules would prohibit certain U.S. investments in Chinese companies that are developing...

Bengaluru (Karnataka) [India], a high-level delegation led by Karnataka Minister MB Patil will embark on a strategic trade tour to Japan and South Korea from June 24 to July 5.The delegation aims to strengthen Karnataka's position as a premier investment destination by engaging with key...

Gorakhpur (Uttar Pradesh) [India], in a significant step forward for industrial growth under the leadership of Chief Minister Yogi Adityanath, Gorakhpur is set to witness the launch of investment projects totaling Rs 3,725 crore in the current fiscal year . Once operational, these projects are...

New Delhi [India], The power ministry on Saturday said the central government has approved two new Inter State Transmission System (ISTS) initiatives with an investment of Rs 13,595 crore to offload 9 GW of renewable energy from Rajasthan and Karnataka.These programs are a part of India's...