Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
This week report about how to check and balance your financial investments and how a government scheme for children's retirement scheme works
Southeast Asia's largest nation confirmed that it had received Apple's latest investment offer, which entails building a manufacturing plant to produce accessories and components
OneIM is backed by Abu Dhabi conglomerate Royal Group and Mubadala Investment Co., one of the emirate's sovereign wealth funds
In India, the Canadian firm said it sold its 6 per cent stake in Delhivery, India's largest third-party logistics service provider, generating net proceeds of C$298 million (US$211 million)
The 25-acre Cheyyar plant reinforces Bonfiglioli 's commitment to the 'Make in India' initiative and solidifies its position as one of India's largest gearbox manufacturers
The fintech startup's evolution from a card-issuing platform to a broader banking-as-a-service (BaaS) provider helped drive the returns
Subsidiary of Abu Dhabi Investment Authority leads in committing investment
Tata Sons has however scaled-up dividend pay-out in the post pandemic period in line with a rise in its earnings
Foreign investors turned net sellers in October, offloading shares worth Rs 27,142 crore in just the first three days of October due to intensifying conflict between Israel and Iran, a sharp rise in crude oil prices, and improved performance of Chinese markets. The outflow came after FPI investment reached a nine-month high of Rs 57,724 crore in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April, and May, data with the depositories showed. Looking ahead, global factors like geopolitical developments and the future direction of interest rates will play a crucial role in determining the flow of foreign investments into the Indian equity markets, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said. According to the data, FPIs made a net withdrawal of Rs 27,142 crore from equitie
India and Korea on Saturday held discussions on upgrading the existing free trade agreement, balancing two-way commerce and promoting investments between the two countries. The issues were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and his Korean counterpart Inkyo Cheong at Vientiane, Laos. "Deliberations were held on achieving more balanced trade, upgrading the India-Korea Comprehensive Economic Partnership Agreement (CEPA), promoting investments linked to job creation and addressing non-tariff barriers to further strengthen our economic ties," Goyal said in a post on social media platform X. The two countries are holding review meetings to upgrade the CEPA, which was operationalised in January 2010. So far, over 10 rounds of review talks have been held. The two countries have sought greater market access for certain products that are under the negative list of the agreement. No customs duty concessions are granted for the goods under this ...
The Yogi Adityanath government has set a target of 1 million tonnes per year for green hydrogen or green ammonia production by 2029
The infrastructure investments - including energy projects - will be mostly in the US, with a portion of the funds to be deployed in US partner countries, the companies said in a statement
PwC Zhong Tian LLP was hit with a six-month suspension and a record fine of 441 million yuan ($62 million)
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
The Rajasthan government is working towards creating an investment-friendly environment for industrialists and to attract investment in every sector, Chief Minister Bhajanlal Sharma said. Attending the Economic Times Rajasthan Business Summit here, he said that the government is committed to developing the state as a hub of economic development and investment. In a statement, Sharma said that recently when a film producer told about the need for a film city in Rajasthan, the government identified the land and started the process of its allotment within four hours. He said, "Our government is making decisions for the development of the state in hours, not months and days." The entrepreneurs of the state are in the process of forming joint ventures by signing agreements (MoUs) worth Rs 2,24,000 crore in the energy sector to provide cheaper electricity, Sharma said. He assured that the state government believes not only in signing MoUs but also in implementing them. The state govern
Climate finance taxonomy is a set of guidelines that will help investors and institutions direct funds towards investments that will aid in tackling climate change
Adani Energy Solutions on Monday said it has acquired a 298-km special purpose vehicle (SPV) of the Khavda Phase IV Part-A transmission project entailing an investment of Rs 4,091 crore. Khavda IVA Power Transmission Ltd, an SPV, was set up by REC Power Development and Consultancy Ltd (RECPDCL) to evacuate 7 GW of renewable energy from Khavda RE park, the company said in a statement. Adani Energy Solutions (AESL) will commission the project in Gujarat in the next 24 months on BOOT (build, own, operate and transfer) basis, it said. The company will invest Rs 4,091 crore to build the 298 km (596 ckm) transmission project, as per the statement. The project also includes setting up 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors, it said. AESL won the project through the tariff-based competitive bidding process and will commission the project in the next 24 months on BOOT (build, own operate, a
Vitera, a leading Canadian agricultural product manufacturing company, has invested Rs 250 crore to develop agricultural infrastructure in Vijayapur district in Karnataka, state Minister M B Patil said on Friday. Vitera made this capital investment decision during a meeting with the Minister held here today. Vitera's investment will help reduce post-harvest losses faced by farmers by building state-of-the-art cold storage facilities for the agricultural community in Vijayapur district, thereby enhancing the efficiency of the production, supply, and sale of agricultural products, Patil who holds medium and large industries portfolio, said in a statement. The company will utilise advanced manufacturing technology to achieve this, he added. Patil also mentioned that the use of modern Canadian agricultural technology, along with this capital investment, will increase agricultural production, thereby boosting the overall economy of the state.
Fintech platform MarketsMojo on Wednesday announced the launch of its mutual fund investment and distribution services platform MOJOMF. The platform will be a complete advisory solution on mutual funds with guidance on how to generate alpha on investments. The move is aimed at attracting more investors, especially the youth, by making investment processes and advisory simple, accessible and free of charge. "Investors will benefit from our selection of funds, curated by our advanced algorithm, which is customised to fit one's risk tolerance and investment goals. "The ultimate goal is to deliver a balanced and precision-driven investment strategy, tailored to meet one's specific financial goals," Amit Golia, Group CEO at MarketsMojo, said. MarketsMojo also plans to provide a complete wealth management solution in the coming months, starting with the launch of mutual funds (MF), and eventually becoming an asset advisor across the family portfolio. This includes risk profiling and th
Adani Group firm APSEZ on Wednesday announced setting up a 2 million tonne capacity cement grinding unit in Guna and a propellant production facility at Shivpuri in Madhya Pradesh with a total investment of Rs 3,500 crore. Adani Ports and Special Economic Zone Ltd (APSEZ) MD Karan Adani made the announcement at the Gwalior Regional Industry Conclave here. He said the unit in Shivpuri is strategically aligned with the Aatmanirbhar mission to transform India from a defence importer to a defence exporter. These two projects would create over 3,500 direct and indirect jobs. Referring to the investment made by Adani Group in Madhya Pradesh, he said "we have already invested Rs 18,250 crore and created 12,000 jobs. Gwalior is fast becoming a tourism hotspot and a pool of high-quality talent and also a key transportation and trade hub. These developments are making Gwalior one of India's emerging economic centers, attracting investments across sectors." The Adani defence facility at Gwali