investments News

'Monetise & modernise' is our motto: PM on disinvestment

'Monetise & modernise' is our motto: PM on disinvestment

New Delhi: Reiterating the government's commitment towards privatisation of PSUs and asset monetisation, Prime Minister Narendra Modi on Wednesday said that the motto of his government is to "monetise and modernise".Addressing a webinar on the Budget announcements for Department of Investment and Pu...

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Zomato raises Rs 1,800cr from five investors

Zomato raises Rs 1,800cr from five investors

New Delhi: Foodtech unicorn Zomato has raised $250 million (around Rs 1,800 crore) in a new funding round from five different investors.The transactions valued Zomato at a post-money valuation of $5.4 billion, Info Edge, a publicly listed investor in Zomato, disclosed in a filing to National Stock E...

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NCC, Karur Vysya among top 'Jhunjhunwala' stocks to surge post budget

NCC, Karur Vysya among top 'Jhunjhunwala' stocks to surge post budget

Mumbai: As the domestic equity market has accentuated its bull run post the Union Budget, stocks with investments from the big bull of the Indian stock market, Rakesh Jhunjhunwala, have too have made it bigger in the past couple of weeks.Stocks like NCC and Karur Vysya Bank have gained well over 20 ...

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Private equity investments gain momentum during 2015-20

Private equity investments gain momentum during 2015-20

New Delhi: Private equity investments in India have come of age in India with investments across sectors and maturity cycles of companies during 2015-2020 with aggregate annual deal value doubling during the period, showed a KPMG report.Further, the annual deal count has also increased by over 60 pe...

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UK's investments in India continue to grow: Report

UK's investments in India continue to grow: Report

New Delhi: India-UK relations will touch a new high in the post-Covid world, says a Grant Thornton Bharat-CII Britain Meets India report.According to the report, India is likely to be a priority country for the UK, especially post Brexit, leading to an enhanced economic partnership.The strengthening...

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FIIs bet on India for fastest post-Covid recovery

FIIs bet on India for fastest post-Covid recovery

New Delhi: The Indian stock markets are on fire, mirroring the global markets which rose for the 11th consecutive day as foreign portfolio investors (FPI) inflows in February have exceeded that of January.S. Ranganathan, Head of Research at LKP Securities said that bulls powered indices to new highs...

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Odisha CM directs double fund allocation to WODC

Odisha CM directs double fund allocation to WODC

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Monday directed to double the annual financial grant to Western Odisha Development Council (WODC) from Rs 100 crore to Rs 200 crore.With the decision, the fund allocation to WODC will be Rs 200 crore in 2021-22 financial year.After holding a revie...

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80 Chinese cos currently active in India, equity investment negligible

80 Chinese cos currently active in India, equity investment negligible

New Delhi: As the Indian government pushes the 'Aatmanirbhar Bharat' vision, official data show that about 80 Chinese companies established in India are 'active' currently.Union Finance Minister said on Tuesday that a total of 92 Chinese companies had established their place of business in India wit...

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Andhra CM urges Modi to reconsider disinvestment of Vizag Plant

Andhra CM urges Modi to reconsider disinvestment of Vizag Plant

Amaravati: Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has written to Prime Minister Narendra Modi opposing the proposed privatisation of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of the Visakhapatnam Steel Plant.The Chief Minister on Saturday wrote a letter urging Modi to ...

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34 aerospace, defence firms plan to invest in Karnataka

34 aerospace, defence firms plan to invest in Karnataka

Bengaluru: As many as 34 aerospace and defence firms have shown interest in investing in Karnataka to spur aviation business in the southern state, an official said on Sunday."In all, 34 aerospace and defence firms have signed an agreement with the state government to invest a total of Rs 2,464 cror...

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