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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102633) | |
21951. This startup is making online transactions easy and secure without OTPs
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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Bihar
Your Story
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- Mumbai-based SAWO Labs is a SaaS-powered one-tap authentication service for apps and websites that claims to bring down the cost of authentication for companies.
- Today, most online transactions are secured with one time passwords (OTP) to provide an additional level of security. However, many times, people complain of never receiving OTPs, which makes them repeat the whole login process again.
- To solve this problem, 23-three-year-old Prabhat Sahu founded SAWO Labs early this year.
21952. WB raises India's FY22 GDP forecast to 10.1 pc from 5.4 pc earlier
Make in India / Atmanirbhar
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Investment in Bharat by govt of other countries
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India
ANI
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- A strong rebound in private consumption and investment growth is likely to push India's FY22 growth to 10.1 per cent, according to the World Bank, much higher than the 5.4 per cent it had projected in January.
- The World Bank also gave a range of economic growth for India -- 7.5 to 12.5 per cent, according to its South Asia Economic Focus Spring update report.
- The government consumption is expected to rise by 16.7 per cent 2021, largely reflecting strong fiscal stimulus in India. Other demand categories are also revised up, said the World Bank, as the vaccination drive is expected to improve business activity and spur incomes in contact-intensive sectors.
21953. India attracts over $72 billion FDI in April-January FY21
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Times Of India
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- India has attracted record total FDI inflow for the first ten months of a financial year in 2020-21.
- Accordingly, the inflow rose to $72.12 billion during April to January, 2021, 15 per cent higher as compared to the first ten months of 2019-20, when it stood at $62.72 billion.
- "The trends show that the FDI equity inflow grew by 28 per cent in the first ten months of F.Y. 2020-21 ($54.18 billion) compared to the year ago period ($42.34 billion)," the Ministry of Commerce and Industry said.
21954. India attracted highest ever total FDI inflow of US$ 81.72 billion during 2020-21, 10% more than the last financial year
Make in India / Atmanirbhar
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Investment in Bharat by govt of other countries
English
India
Press Information Bureau
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- India has attracted highest ever total FDI inflow of US$ 81.72 billion during the financial year 2020-21 and it is 10% higher as compared to the last financial year 2019-20 (US$ 74.39 billion). FDI equity inflow grew by 19% in the F.Y. 2020-21 (US$ 59.64 billion) compared to the previous year F.Y. 2019-20 (US$ 49.98 billion).
- In terms of top investor countries, ‘Singapore’ is at the apex with 29%, followed by the U.S.A (23%) and Mauritius (9%) for the F.Y. 2020-21.
- Computer Software & Hardware’ has emerged as the top sector during F.Y. 2020-21 with around 44% share of the total FDI Equity inflow followed by Construction (Infrastructure) Activities (13%) and Services Sector (8%) respectively
21955. India gets $64 bn FDI last year, 5th largest recipient of inflows globally: UN
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Hindustan Times
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- The World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD), released Monday, said global FDI flows have been severely hit by the pandemic and they plunged by 35 per cent in 2020 to USD 1 trillion from USD 1.5 trillion the previous year.
- The report said in India, FDI increased 27 per cent to USD 64 billion in 2020 from USD 51 billion in 2019, pushed up by acquisitions in the information and communication technology (ICT) industry, making the country the fifth largest FDI recipient in the world.
- The report said in India, FDI increased 27 per cent to USD 64 billion in 2020 from USD 51 billion in 2019, pushed up by acquisitions in the information and communication technology (ICT) industry, making the country the fifth largest FDI recipient in the world.
21956. FPI ने भारतीय बाजार में किया निवेश, जून में अब तक डाले 13,667 करोड़ रुपये
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
News18
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- एफपीआई ने एक से 18 जून के दौरान शेयरों में 15,312 करोड़ रुपये डाले
- भारतीय बाजार विदेशी निवेशकों के लिए आकर्षक बने हुए हैं. हालांकि, इस सप्ताह एफपीआई ने भारतीय शेयर बाजारों से निकासी की.
- डिपॉजिटरी के आंकड़ों के अनुसार, एफपीआई ने एक से 18 जून के दौरान शेयरों में 15,312 करोड़ रुपये डाले. इस दौरान उन्होंने ऋण या बांड बाजार से 1,645 करोड़ रुपये की निकासी की.
21957. India retains position as 2nd largest source of FDI for UK
Make in India / Atmanirbhar
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Investment in Bharat by govt of other countries
English
India
India Today
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- Indian companies have invested in at least 99 projects in the UK and created over 4,800 jobs.
- The Department for International Trade (DIT) inward investment statistics for 2020-2021 reflect the impact of the COVID-19 pandemic and post-Brexit changes as the number of projects and jobs dropped in comparison to the 2019-20 figures of 120 projects and 5,429 jobs.
- According to the data, foreign investment into the UK created 55,319 new jobs across the country last year, with 48,000 of those a result of direct DIT intervention with the investing companies helped with their entry into the UK
21958. FDI investment doubled in April-May, but secondary investments dominate inflows: RBI data
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- India continued to attract strong foreign direct investment inflows in the first two months of the current fiscal.
- April-May inflows doubled over the previous year's levels. But a third of the inflows have been due to acquisition of shares through secondary transactions rather than investments by companies in plants, helping the country amass durable foreign exchange reserves in the process.
- Gross FDI inflows more than doubled to $18.3 billion in April-May this year compared to $8.5 billion in the same period a year ago, according to RBI data. But nearly a third of the inflows are in the form of acquisition of shares rather than investment in new projects.
21959. Samsung to set up India’s 1st mobile display plant
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- The South Korean company is investing more than Rs 3,500 crore in this facility in Noida, as per a regulatory filing with the Registrar of Companies (RoC). It could later be expanded to manufacture displays of other devices as well. Samsung said the plant would produce displays of mobile phones and IT display. However, an industry executive aware of the plans said the plant would initially produce displays for mobile phones, but could later extend it to laptops and televisions.
- The first phase will become operational this year itself. It has recently started the world’s largest mobile phone manufacturing unit in India, at a total outlay of Rs 4,915 crore. This enhanced investment comes at a time when the government wants to impose duties on imported displays for both smartphones and televisions to help boost its make in India efforts.
- Veratech Intelligence founder Mohit Yadav said Samsung's decision to invest heavily to build cellphone displays in India was a significant boost to make in India. This highlights that Samsung is confident that consumption will increase in India, he said. Samsung SDI India, was looking to start local production of smartphone batteries. Samsung India has allotted the plot to Samsung Display for a consideration of Rs 92.02 crore as per the RoC disclosures.
21960. Global investors ready with $3 billion kitty to enter India’s credit market
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- Many global investors are looking for the first time to deploy $3 billion into India’s credit market Allianz, Cerberus, South Korea’s Meritz are among investors buying assets and many of them are in India for the first time.
- These funds typically expect a return of 15-25 per cent by investing in a range of credits Experts say the credit market has matured and good companies are seeing the benefit of better risk pricing.
- After the Essar Steel judgement, experts expect global funds to invest in India. Funds like Lone Star, Cerberus, Brookfield and Varde Partners are likely to raise their investment in India.