Advertisements Online food delivery platform Zomato Ltd is targeting to achieve the breakeven level in overall business between the fourth quarter of this fiscal and the second quarter of FY24 having cut losses gradually, according to company CFO Akshant Goyal…. Read More ›
Investment Reports
Indian Fintech Market To Reach USD 1 Tn In AUM, USD 200 Bn In Sales By 2030
Advertisements The Indian fintech market is expected to log 10 times growth to achieve $1 trillion in assets under management (AUM) and $200 billion in revenue by 2030, a new report showed on Tuesday. Much of the growth will be… Read More ›
ADB Cuts India GDP Forecast For FY23 To 7.2 Percent Amid Inflationary Pressure
Advertisements Asian Development Bank (ADB) on Thursday trimmed India’s economic growth forecast for current fiscal year to 7.2 per cent from 7.5 per cent as pandemic and war impact is weighing down alongside inflationary pressures. India, however, will continue to… Read More ›
Corporate Funding In Global Solar Sector Falls 11 Percent To USD 12 Bn: Mercom Capital
Advertisements The corporate funding in the global solar sector has declined by 11 per cent year-on-year to USD 12 billion in January-June 2022, a Mercom Capital report released on Friday said. Corporate funding includes venture capital and private equity (VC),… Read More ›
Institutional Investments In Realty Sector Rise 14 Percent To USD 2.6 Bn In Jan-Jun 2022
Advertisements Institutional investments in Indian real estate rose 14 per cent annually to USD 2.6 billion during the January-June period, driven by higher inflow in office and retail segments, according to property consultant Colliers India. Office segment received investments of… Read More ›
IOC To Invest INR 740 Cr To Raise Digboi Refinery Capacity In Assam
Advertisements State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation’s oldest oil refinery at Digboi in Assam. In a stock exchange filing, IOC said its board has approved raising of Digboi… Read More ›
NIIF Invests USD 300 Mn In DP World Container Terminal Subsidiary
Advertisements Indian government-promoted National Investment and Infrastructure Fund (NIIF) on Wednesday said it has invested USD 300 million or Rs 2,250 crore for a 22.5 per cent stake in Hindustan Ports, a local arm of UAE’s DP World. This is… Read More ›
LG To Invest USD 1.5 Bn In Clean Technology Over 5 Years
Advertisements LG Corp, South Korea’s fourth-largest conglomerate, said on Wednesday it plans to invest more than 2 trillion won ($1.5 billion) over the next five years in clean technology, as part of efforts to advance in a new growth sector…. Read More ›
Uttar Pradesh Government Approves INR 15,950 Cr Investment Proposal To Set Up Data Centers In The State
Advertisements The Uttar Pradesh Government on Tuesday approved proposals to set up four data center parks with an investment of over Rs 15,950 crore in the state. The state cabinet chaired by Chief Minister Yogi Adityanath approved the proposal in… Read More ›
Govt Approves Investment Proposals Worth INR 86,824 Cr For Electronics Manufacturing
Advertisements The electronics and IT ministry has approved a total of 314 applications with proposed investments of Rs 86,824 crore under a modified special incentive package scheme till May 31, 2022, an official note said. The proposals that were approved… Read More ›