investments News

Dec FPI inflow at record high of Rs 62,016 cr

Dec FPI inflow at record high of Rs 62,016 cr

Mumbai: As foreign portfolio investments (FPI) surged amid the pandemic, December 2020 recorded the highest-ever monthly inflow of FPIs at Rs 62,016 crore.FPI inflows into Indian equities surpassed the previous high of Rs 60,358 crore recorded in November 2020. This was the third consecutive month o...

Readmore

Incidents of damage to infra would turn investors away from Punjab: Assocham

Incidents of damage to infra would turn investors away from Punjab: Assocham

New Delhi: Incidents of damage to the industrial and other infrastructure would turn investors away from Punjab, industry body Assocham has told Punjab Chief Minister Amarinder Singh.In a letter to Amarinder Singh, Assocham President Vineet Agarwal said a prolonged and continuation of the agitation,...

Readmore

Phase-II of Air India disinvestment to start Jan 5

Phase-II of Air India disinvestment to start Jan 5

New Delhi: The second phase of the strategic disinvestment of Air India will start on January 5, 2021 with the announcement of the names of the qualified bidders.The process has been divided into two stages. In stage I, expressions of interest (EoI) have been submitted by interested bidders and they...

Readmore

Indian startups bagged $9.3bn investments in 2020: Report

Indian startups bagged $9.3bn investments in 2020: Report

New Delhi: Despite the Covid-19 challenges, Indian startups received investments to the tune of $9.3 billion in 2020, according to data from consultancy firm Tracxn.The figure is much lower than the record $14.5 billion raised by Indian startups last year as the number of deals this year reached 1,0...

Readmore

Despite pandemic, Maharashtra proves 'magnetic' for investors

Despite pandemic, Maharashtra proves 'magnetic' for investors

Mumbai: Amid the Covid-19 pandemic, Maharashtra remains the biggest magnet for investors, attracting a whopping Rs 1.12 lakh crore plus worth of industrial investments in the past six months, Chief Minister Uddhav Thackeray said on Tuesday.The state signed 25 fresh MoUs with investment commitments o...

Readmore

Karnataka clears Rs 26,659 cr worth of investment proposals

Karnataka clears Rs 26,659 cr worth of investment proposals

Bengaluru: Karnataka cleared five investment proposals worth Rs 26,659 crore, which would create 13,341 jobs, an official said on Monday.The proposals were cleared at a meeting of the state high level clearance committee under the chairmanship of Chief Minister B.S. Yediyurappa.The proposals include...

Readmore

NTPC looks at KV with NIIF for renewable InvIT

NTPC looks at KV with NIIF for renewable InvIT

New Delhi: Country's largest power producer NTPC proposes to forge a joint venture with government's strategic investment fund NIIF to set up an infrastructure investment trust (InvIT).The proposed InvIT will help NTPC to monetise some of its operational renewable energy projects. Funds raised from ...

Readmore

Pine Labs raises fresh funding, valuation exceeds $2 billion

Pine Labs raises fresh funding, valuation exceeds $2 billion

New Delhi: Merchant commerce platform Pine Labs on Monday announced it has raised a fresh round of funding from Lone Pine Capital, taking its valuation at over $2 billion.The company, however, did not disclose the amount of fresh investment.Lone Pine's investment follows the strategic investment mad...

Readmore

Paytm Money aims at one lakh new ETF investors, to organise India's first-ever ETF MasterClass

Paytm Money aims at one lakh new ETF investors, to organise India's first-ever ETF MasterClass

New Delhi: India's homegrown digital financial services platform Paytm on Monday announced that its wholly-owned subsidiary Paytm Money aims at empowering over 1 lakh new investors with ETFs in the next one year.The company said that Exchange Traded Funds (ETF) are cost-efficient as compared to trad...

Readmore

With strategic investors, Interups Inc now in fray for Air India

With strategic investors, Interups Inc now in fray for Air India

New Delhi: Backed-up by strategic NRI investors from US and Europe, New York-based Interups Inc on Monday submitted a joint EoI with Air India employees for government's stake in national carrier Air India.According to Interups Inc Chairman Laxmi Prasad : "We plan to allocate 51 per cent of the stak...

Readmore