[ad_1] NEW DELHI: Govt on Friday announced a policy overhaul for high-end foreign-made electric cars that will lower the import duty for vehicles such as Tesla and VinFast to 15% for up to five years, provided the companies commit to invest at least $500 million (Rs 4,150 crore) for local manufacturing.The policy, crafted by the…
[ad_1] Investment has become a major driver of India’s booming economy, according to economists at Morgan Stanley, adding that the country’s current expansion resembles that of the mid-2000s when growth averaged more than 8%. The economists also said the economy appears to have room for even further expansion, given the path for additional capital expenditure…
[ad_1] MUMBAI: Development bank Sidbi on Monday said it has secured approval from the Green Climate Fund (GCF) for its first anchored project, Avaana Sustainability Fund (ASF), valued at $120 million. The closure was announced at the 38th board meeting of the GCF, which will invest $24.5 million in the fund, in Kigali, Rwanda, on…
[ad_1] NEW DELHI: India will link duty cuts under the trade deal with the European Free Trade Association (EFTA) with investment by companies from the member nations — Switzerland, Norway, Iceland, and Liechtenstein — which have together vowed to invest $100 billion over 15 years. “We will assess how much investment has come in during…
[ad_1] NEW DELHI: The value of FPIs‘ (Foreign Portfolio Investors) holding in Indian equities reached $738 billion in the three months ended December 2023, marking a surge of 13% from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar.The value of FPIs investment was at…
[ad_1] Warren Buffett can cause executives angst when he invests in their companies.Japan’s trading firms illustrate this point. Berkshire Hathaway Inc bought stakes in them in August 2020, which raised their international profile and attracted other investors. Over the next four years, the five companies outperformed the broader market. Buffett’s influence can cut both ways…
[ad_1] MUMBAI: SoftBank has offloaded an additional 2% stake in Paytm, reducing its shareholding in the Noida-based fintech firm to 5.06%, the company said in a recent stock exchange filing. SoftBank which has invested over $1 billion into Paytm held about 18% stake in the firm at the time of its initial public offering (IPO)…
[ad_1] AHMEDABAD: Billionaire Gautam Adani, the chairman of ports-to-power conglomerate, Adani Group, and his family, will invest Rs 9,350 crore in the conglomerate’s green energy arm – Adani Green Energy Limited (AGEL). The investment is aimed at enabling the company to achieve a 45 GW target by 2030, according to AGEL’s stock exchange filing on…
[ad_1] NEW DELHI: Looking to take on global cloud and data giants such as Amazon, Google, and Microsoft, Hiranandani family-owned Yotta Data Services is planning an investment push to the tune of Rs 16,000 crore. The company can also take the IPO route for a fund-raise, CEO Sunil Gupta has said.Gupta, who is also the…