investments News

Franklin Templeton returns Rs 23,999 cr to investors of 6 shut schemes

Franklin Templeton returns Rs 23,999 cr to investors of 6 shut schemes

New Delhi: The Franklin Templeton Mutual Fund (MF) has said that it has so far returned about Rs 24,000 crore to the unit holders of the six shut debt funds.In a letter to the investors, Sanjay Sapre, President, Franklin Templeton Asset Management (India), said that the cash available for future dis...

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Nirmala Sitharaman meets US CEOs, asks them to invest in India

Nirmala Sitharaman meets US CEOs, asks them to invest in India

Washington: Finance minister Nirmala Sitharaman participated in 4th G20 Finance Ministers and Central Bank Governors (FCMBG) Meeting under G20 in Washington DC.The FMCBGs on Wednesday discussed developments in global economy, global commons, support to vulnerable countries & International Taxati...

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Tata Motors to raise $1 bn for its passenger EV business

Tata Motors to raise $1 bn for its passenger EV business

Mumbai: Automobile manufacturer Tata Motors on Tuesday entered into a binding agreement with TPG Rise Climate to raise $1 billion for its newly-incorporated subsidiary dealing with the passenger electric vehicle (EV) business.TPG Rise Climate along with its co-investor ADQ shall invest in a subsidia...

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Reliance New Energy Solar to invest in NexWafe as strategic lead investor

Reliance New Energy Solar to invest in NexWafe as strategic lead investor

Freiburg (Germany): NexWafe GmbH (NexWafe) on Tuesday announced the induction of Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd, as a strategic lead investor in its 39 million euros ($45 million) Series C financing round with an investment of 25 million e...

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Air India divestment: Tatas to get 141 aircraft, 8 brand logos, lucrative routes

Air India divestment: Tatas to get 141 aircraft, 8 brand logos, lucrative routes

New Delhi: Tata Sons' subsidiary Talace which emerged as the highest bidder for national carrier Air India will among other assets such as human resources get more 140 aircraft as well as 8 logos.Accordingly, Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding o...

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Welcome back: Tata Sons emerge highest bidder for Air India

Welcome back: Tata Sons emerge highest bidder for Air India

New Delhi: The Central government on Friday declared Tata Sons' subsidiary Talace as the highest bidder for national carrier Air India under the divestment process.Accordingly, Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding of Centre in Air India along with...

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Divestment Saga: Air India employees to be retained for one-year

Divestment Saga: Air India employees to be retained for one-year

New Delhi: Air India employees will be safeguarded even after the divestment of the national carrier by December-end.The announcement came after Tata Sons' subsidiary Talace emerged as the highest bidder for the national carrier under the divestment process.Besides Air India, the share purchase agre...

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Over dozen PSUs on the block after Air India privatisation

Over dozen PSUs on the block after Air India privatisation

New Delhi: The government's final move to privatise the national carrier Air India has given a fresh lease of life to its strategic disinvestment plan.The Department of Investment and Public Asset Management (DIPAM), which oversees the disinvestment policy, is now planning to cede management control...

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How Guaranteed Income Plan Can Secure a Safe Future for You and Your Loved Ones

How Guaranteed Income Plan Can Secure a Safe Future for You and Your Loved Ones

Everyone dreams of a tension-free retirement where they’re free from financial worries and can sustain a financially hassle-free life. However, to secure this, it is important to have a fixed income that not only covers your basic requirements but also allows you to keep your savings intact for emer...

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Centre notifies 100% FDI in telecom sector via automatic route

Centre notifies 100% FDI in telecom sector via automatic route

New Delhi: The Centre on Wednesday notified 100 per cent inflow of foreign direct investment into the telecom industry via the automatic route.Accordingly, Department for Promotion of Industry and Internal Trade, via 'Press Note No 4 (2021 Series)' said the Centre reviewed the extant of FDI policy o...

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