Page 13 - Investment

India sees second-best year for fintech funding despite Covid-19: KPMG

India attracted 2.7 billion dollars in investment last year, the second highest amount ever, KPMG asid

PLI scheme: Pharma industry expects more guidelines on investment

B R Sikri, chairman of the Federation of Pharma Entrepreneurs, said, higher incentives would have meant more production of cancer drugs, thereby, bringing down their prices

FDI in Pakistan down by 27% in first seven months, says report

Foreign direct investment in Pakistan has seen a 27 per cent decline in the first seven months of the current fiscal, owing mainly to the fall in investment from its close ally China, a media report said on Tuesday. The Foreign Direct Investment (FDI) in Pakistan during the first seven years fell by 27 per cent compared to the same period last fiscal year, Dawn newspaper reported, quoting the State Bank of Pakistan (SBP) as saying. The SBP, the central bank, on Monday said that the FDI during July-January FY-21 was USD 1.145 billion against an inflow of USD 1.577bn in the same period last fiscal year. The inflow during January was USD 192.7 million compared to USD 219 million in the same month of the previous fiscal year, registering a 12 per cent decline. However, the seven-month decline was mainly due to a decline in net FDI from China and increase in net outflow to Norway, the report said. The country-wise details showed that net inflow of FDI from China was USD 402.8 million .

Despite market rally, large-cap funds are struggling to generate alpha

26 of 35 such schemes failed to beat Sensex over past year

Zomato raises Rs 1,800 crore in new funding round from five investors

The new valuation marks an increase from $3.9 billion valuation of Zomato in December

Sachin Tendulkar takes guard for new innings at edtech firm Unacademy

The investment will pave the way for Tendulkar to become a brand ambassador of Unacademy

Thomas Cook India plans to raise up to Rs 450 cr through private placement

The size of the issue is up to Rs 450 crore subject to the approval of regulatory, statutory authorities and the shareholders of the company

INOX Air Products announces Rs 2,000 cr investment in industrial gases

Eight new air separation units to come up from FY22 to FY24

Logistics aggregator platform Shiprocket raises Rs 200 cr in C3 funding

The fresh funding round was co-led by Tribe Capital, a leading Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica-based venture growth firm

Tatas to buy 68% in BigBasket for Rs 9,500 cr, deal likely in 4-5 weeks

The deal is the biggest in online groceries space so far, values BigBasket at Rs 13,500 cr; will give exit to investors Alibaba, Abraaj and IFC

Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021

IAN has invested in start-ups like FarEye, Fab Alley, HungryZone, Staqu etc. In 2020, IAN exited 3-4 companies after registering 15 times growth on the invested capital

Cryptos should be seen as a public good

Elon Musk's $1.5 billion investment in bitcoin last week is testimony to the potential of the digital asset.

Pepperfry secures Rs 35 crore in fresh funding from InnoVen Capital

This is the third investment by InnoVen Capital in Pepperfry since 2017

Infosys to invest additional $1 million in ideaForge Technology

IT services major Infosys on Thursday said it will invest an additional USD 1 million (about Rs 7.2 crore) in ideaForge Technology, a UAV systems manufacturing company.

Modi says defaming private enterprises won't fetch votes anymore in India

Strongly defends farm acts says investments in agriculture will create jobs; again invites protesting farmers for talks

Budget 2021 creates investment opportunities, from infra to healthcare

The Union Budget 2021 increased India's healthcare spending by 137 per cent and lifted caps on foreigners investing in the insurance sector. Devangshu Datta explains investments after the Budget 2021.

PVR raises Rs 800 cr from investors via qualified institutional placement

The QIP witnessed an allotment of over 55.55 lakh equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,440 apiece

What about the Bank Investment Company in Sitharaman's Budget 2021?

Between 2015-16 and 2019-20, the Centre had pumped in Rs 3.56 trillion into these banks through both direct subscription of equity shares and recapitalisation-bonds

Union Budget with eye on the target, says Marico MD & CEO Saugata Gupta

The Budget for 2021-22 has taken a multi-pronged approach to incentivise consumption and investment opportunities

Govt move to buy investment grade debt securities positive step: Experts

The government's proposal to create a permanent institutional framework to buy investment grade debt securities is a very positive step for debt mutual funds, experts said on Monday.