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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102259) | |
21931. 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.
21932. 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
21933. 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.
21934. 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.
21935. 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.
21936. Huge opportunity for Indian SaaS companies make investors bullish
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
The Economic Times
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- The two-day event that was held on the outskirts of Chennai saw more than 500 companies and over 50 investors attending the event and was sponsored by VC firms like Tiger Global, Accel, and Sequoia.
- Investors too are bullish and willing to back these companies owing to the existence of a 'repeatable model,' capacity to scale up and high gross margins. Vinod Muthukrishnan, co-founder of Cloudcherry went on to explain that what makes these numbers significant is that SaaS revenue is 80% gross margin. "This is the foundation of unbelievably profitable, almost cash printing companies in the long run. Not just $10 billion where $9.9 billion is cost."
- Vinod Muthukrishnan, co-founder of Cloudcherry went on to explain that what makes these numbers significant is that SaaS revenue is 80% gross margin. "This is the foundation of unbelievably profitable, almost cash printing companies in the long run. Not just $10 billion where $9.9 billion is cost." "India's share in the global SaaS market is only 2.6%. But in 5 years, it is going to triple and be 8%," said Suresh Sambandam, Founder of KissFlow.
21937. C&S acquisition aimed at making India exports hub
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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- Siemens India has announced its biggest acquisition in India — electrical and electronics equipment maker C&S Electric.
- "The buyout is intended to pave the way for establishing a design and manufacturing hub that will support exports to fast-developing markets globally".
- We are looking at both organic and inorganic growth". "We have a two-pronged approach To serve the Indian market Support the global business of Siemens by sourcing the maximum possible out of India"
21938. Northern Arc Investments gets $23 million from overseas investors
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 fund targets an overall corpus of $100 million including a green shoe of $50 million. This is the firm’s first fund targeting international investors.
- Northern Arc Investments, the alternative investment arm of Northern Arc Capital, has mobilised $23 million from overseas investors as part of first tranche of a $100 million debt fund targeted to invest in microfinance, small business finance, vehicle finance and agri-business finance.
- The firm announced that PG Impact Investments, a global impact investment firm backed by global private markets investment manager Partners Group, the Netherland's Anthos Fund & Asset Management and the US-based Calvert Impact Capital have invested in it to mark its first close.
21939. Infosys, Qualcomm partner for smart cities solutions
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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- The solutions build upon the software vendor's proprietary framework for smart spaces as it offers features for building and resource management, physical assets management and occupants' safety and security.
- Software major Infosys said it was partnering with US-based chip maker Qualcomm to offer smart cities solutions through the latter's accelerator programme.
- "We have joined the Qualcomm smart cities accelerator programme to offer solutions for smart stadiums, smart venues and smart event management," said the city-based IT major in a statement here.
21940. Assam: Minister Sanjay Kishan rolls out Micro Finance Relief Scheme in Lakhimpur
North East India
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Developments in North East India
English
Assam
NorthEast NOW
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- Minister for Labour and Employment and Welfare of Tea Tribes Sanjoy Kishan on Sunday gave away cheques as financial support to women borrowers who took loans from microfinance institutions in North Lakhimpur.
- At a function organized by the district administration at Tyagkshetra in North Lakhimpur, Minister Kishan, who is the Guardian Minister of Lakhimpur, gave away cheques to some selected women borrowers under Category I of the Assam Micro Finance Incentive and Relief Scheme 2021 (AMFIRS).
- A total of 5000 out of 21710 women beneficiaries from Lakhimpurdistrict were distributed cheques at the function.
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