investments News

Paytm quashes reports of stake sale by investors

Paytm quashes reports of stake sale by investors

New Delhi: Quashing rumours of a stake sale, sources close to India's leading financial services and payments firm Paytm said that global fintech giant Ant Financial is not planning to sell its shares in the company.While reports claimed that Ant Financial is planning to sell its stake in the compan...

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Govt cites FII, corporate bond inflows to show 'growth story'

Govt cites FII, corporate bond inflows to show 'growth story'

New Delhi: The Finance Ministry on Tuesday laid down the growth numbers in foreign institutional investment (FII), foreign portfolio investments (FPI) and corporate bond issuances to show a positive momentum in the Indian economy."The Indian growth story continues to expand as is demonstrated by the...

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MVA govt targets Rs 1 lakh cr investments for 2020-2021

MVA govt targets Rs 1 lakh cr investments for 2020-2021

Mumbai: Despite the Covid pandemic and lockdown, the Maharashtra government has targeted investment proposals worth Rs 100,000 crore for the current fiscal to kickstart the state economy at full speed, Chief Minister Uddhav Thackeray said here on Tuesday.Inaugurating the Indian Merchants Chamber's "...

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Total FDI inflow during Q2 FY21 stands at $28.1 bn

Total FDI inflow during Q2 FY21 stands at $28.1 bn

New Delhi: The total foreign direct investment (FDI) during the second quarter of financial year 2020-21 stood at $28.10 billion, out of which FDI equity inflows were $23.44 billion."This takes the FDI equity inflows during the financial year 2020-21 up to September 2020 to $30,004 million, which is...

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Pradhan invites investors to join India's renewable energy journey

Pradhan invites investors to join India's renewable energy journey

New Delhi: Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan, has invited investors, developers and businesses to be part of India's renewable energy journey.He assured them that it will be a highly rewarding and mutually beneficial venture.In the valedictory address at the third RE-IN...

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French giant Amundi threatens to divest SBI bonds if loan granted for Adani coal project

French giant Amundi threatens to divest SBI bonds if loan granted for Adani coal project

New Delhi: One of the State Bank of India (SBI)'s investors, French giant Amundi has announced that it would sell off its SBI green bonds if the bank grants a Rs 5,000 crore loan to Adanis Carmichael coal mine in Australia."We consider SBI should not finance this project. Ultimately it's their decis...

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SEBI Chief calls for investor awareness as retail participation grows

SEBI Chief calls for investor awareness as retail participation grows

Mumbai: Emphasising on the need for informed decision by investors, Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi has said that investor awareness and education play an important role in the investor's decision making.In his message, ahead of the World Investor Week scheduled for...

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PM to inaugurate green energy meet on Nov 26

PM to inaugurate green energy meet on Nov 26

New Delhi: Prime Minister Narendra Modi will inaugurate a virtual 3rd Global Renewable Energy Investment Meeting and Expo (RE-INVEST 2020) on November 26.The Secretary of State for Business, Energy and Industrial Strategy of the UK and President COP-26, and the Minister of Energy, Utilities and Clim...

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Adequate interest for BPCL disinvestment, no need to alter sale process: Govt

Adequate interest for BPCL disinvestment, no need to alter sale process: Govt

New Delhi: The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI).The transaction will move to the second stage after scrutiny by t...

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If 'control' is read, as sought by Amazon now, its investment would be violation of FDI policy

If 'control' is read, as sought by Amazon now, its investment would be violation of FDI policy

New Delhi: The Future Retail shareholders agreement, the Future Coupons shareholders agreement and the Future Coupons share sales agreement are not an integrated transaction and if these agreements were to be treated as a single integrated transaction, it would tantamount to Amazon's investment in F...

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