Tag: Investment
17 Results
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Safexpress announces Rs 100 cr investment in northeast
Ahead of the much hyped Global Investment Summit, Safexpress, India’s largest Supply Chain and Logistics company on Friday announced an investment of Rs 100 crore in the northeastern region. Safexpress, which has the largest Logistics Network in the northeast, is representing the Logistics industry at the Global Summit, which will be held in Guwahati from …
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February 3, 2018 -
Solarising agriculture pumps may attract `1.4 lakh cr investment
The Budget 2018-19 has proposed to solarise agriculture pumps which may attract investment of Rs 1,40,000 crore, minister of state for power and renewable energy R K Singh said on Friday. The finance minister has announced the Kusum scheme in the Union Budget to promote use of solar energy in agriculture sector, Singh said. “To …
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February 3, 2018 -
India, Philippines sign investment facilitation agreement
India and the Philippines on Wednesday signed an investment facilitation agreement following a bilateral meeting between Prime Minister Narendra Modi and Philippines President Rodrigo Duterte here. The two leaders discussed trade and investment, defence and security, education, and people-to-people cooperation, according to External Affairs Ministry spokesperson Raveesh Kumar. “An agreement to facilitate investment was signed,” …
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January 25, 2018 -
State govt clears investment proposals of Rs 328 crore
The Odisha government today approved five investment proposals of Rs 328 crore, which would provide jobs to 1674 people. The government’s nod to the projects were given at the meeting of the State Level Single Window Clearance Authority (SLSWCA) held under the chairmanship of Chief Secretary Mr. Aditya Prasad Padhi. The SLSWCA accorded approval to …
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January 18, 2018 -
Italy, Iran sign 5bn euro investment deal
Italy and Iran on Thursday signed a credit agreement worth five billion euros to help Italian companies invest in Iran, the Italian Economy Ministry said. The framework accord was signed between Italian state-owned holding Invitalia and two Iranian banks, Bank of Industry and Mine, and Middle East Bank, in the presence of Italy’s Economy Minister …
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January 12, 2018 -
‘Liberalised FDI makes India hot biz spot for NRI investors’
India’s liberalised foreign direct investment policy, especially regarding the participation of Non-Resident Indians in its economy as domestic investors, has made the country a hot destination among NRIs, according to a leading Indian businessman in the UAE. “The liberalised FDI has opened many sectors in the country and given a boost to the inflow of …
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January 8, 2018 -
BSE to auction investment limits for Rs 6,600-cr govt bonds
Leading stock exchange BSE will auction investment limits for foreign investors for purchase of government bonds worth over Rs 6,600 crore tomorrow. The auction for investment limits for such securities has been receiving a good response from foreign portfolio investors (FPIs) in recent past. The auction will be conducted on BSE’s ebidxchange platform from 3:30 pm to …
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January 7, 2018 -
Adityanath chairs UP State Investment Promotion Board’s maiden meet
Uttar Pradesh Chief Minister Yogi Adityanath chaired the maiden meeting of the UP State Investment Promotion Board here on Tuesday and told industrialists that there were ample opportunities for development and assured that the government would provide them full security. He also pointed out that investors and industrialists of the state and from elsewhere in …
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January 3, 2018 -
Tata Steel to raise Rs 12,800 cr to fuel growth strategy
Steel major Tata Steel on Wednesday said its board has approved raising Rs 12,800 crore through a rights issue to finance organic and inorganic growth plans. The board in its meeting on Wednesday also approved a proposal to expand the capacity of Kalinganagar plant by 5 million tonne per annum (MTPA) to 8 MTPA with …
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December 20, 2017 -
Bitcoin-inspired illicit investment schemes to face regulatory axe
Market watchdog Sebi will come down heavily on illicit ‘initial coin offers’ seeking public investments with promise of high returns from Bitcoins and other virtual currencies, amid a mushrooming of such schemes in the absence of any regulatory regime. However, Sebi is not keen to take on the mantle of a regulator for such ‘trading’ …
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December 18, 2017 -
Bitcoin: Approaching the ‘big short’ moment?
Investors everywhere (this is not a problem specific to India) are notorious for jumping on the newest, shiniest bandwagons without necessarily understanding what lies underneath the hood. What is a problem specific to India is the dichotomy of its burgeoning investor community lining up with alacrity for their golden tickets, without any semblance of a …
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December 6, 2017 -
Yogi govt aims to attract Rs 5 lakh crore investment
With an aim to attract over Rs 5 lakh crore investment and create 20 lakh jobs in Uttar Pradesh by 2022, Yogi Adityanath government will promote “brand UP” in a big way by holding roadshows in other states and investors summit in the state capital. “There is a possibility of investment of over Rs 5 …
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December 3, 2017 -
Telangana attracted $17 bn investment in three years, says CM
Telangana, under its new industrial policy, has given approvals to 5,469 industrial units with a total investment of $17.5 billion during the last three years, said Telanagana Chief Minister K. Chandrasekhar Rao. Addressing the inaugural session of Global Entrepreneurship Summit (GES) on Tuesday, he said these approvals created over four 400,000 jobs. He said under …
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November 29, 2017 -
Offshore India funds register inflow of $573-mn in Oct
India-focussed offshore funds received a net inflow of $573 million in October, taking the total to nearly $5 billion in 2017, indicating that the country remains an attractive destination for overseas investors. In comparison, these funds had registered an infusion of $256 million in October last year, according to a report by Morningstar. Offshore India fund …
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November 17, 2017 -
NGT bans parking in Sarojini Nagar market
The National Green Tribunal on Friday banned parking in the city’s Sarojini Nagar market and said anyone found doing so would be liable to pay a fine of Rs 5,000. The environmental compensation of Rs 5,000 would be in addition to the fines mentioned under the Motor Vehicles Act, a bench headed by NGT Chairperson …
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November 17, 2017 -
India Inc’s October overseas investment down 49%
Investments made by India Inc abroad declined by 49.05 per cent in October to $1.35 billion from $2.65 billion in September 2017. According to data released by Reserve Bank of India (RBI) in its “Summary of Outward Foreign Direct Investment (OFDI) – October 2017” on November 13, the annual overseas investment in October declined by …
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November 16, 2017 -
Yogi Adityanath pitches for strengthening of ties with Mauritius
Uttar Pradesh Chief Minister Yogi on Thursday pitched for making ties with Mauritius stronger and increase cooperation in the field of industry, investment and tourism. Speaking at a funtion in Mauritius during visit, he mentioned the long ties with the island nation which started with the arrival of people in large numbers from UP in …
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November 3, 2017