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Investment MOUs worth Rs 16 lakh crore signed in Davos: Fadnavis
YourStory
·
6m ago
Medial
Maharashtra signed MoUs worth Rs 16 lakh crore at the World Economic Forum in Davos, aiming to boost its GDP to $1 trillion by 2030, as part of India's $5 trillion economy target. Chief Minister Devendra Fadnavis attributed this to investor confidence in policy continuity and Prime Minister Narendra Modi. Agreements span various sectors, with the state committed to ensuring these translate into real investments. Indian leaders emphasized collective growth for national progress.
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Bihar to be next industrial and tourism destination: Deputy CM Samrat Choudhary
Economic Times
·
1m ago
Medial
Bihar Deputy Chief Minister Samrat Choudhary announced infrastructure improvements and VAT reduction on air turbine fuel to attract tourists and investments. The state plans to develop the Bihta International Airport and five new airports. Additionally, Bihar is creating a 6,000-acre land bank and developing ponds for private investment in recreational activities. MoUs worth ₹1.8 lakh crore have been signed for industrial units, including ethanol plants, emphasizing the state's readiness for economic development.
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World Economic Forum: Karnataka signs MoUs worth Rs 22,000 crore with seven firms
Economic Times
·
1y ago
Medial
The World Economic Forum (WEF) and the government of Karnataka have signed multiple memorandums of understanding (MoUs) worth Rs 22,000 crore ($3 billion) with various companies including Microsoft, Hitachi, and others. These collaborations aim to promote the state's economic development by leveraging technologies such as artificial intelligence (AI), cloud computing, and smart manufacturing. The MoUs were announced during the Global Investors Meet organized by the Karnataka government.
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MoUs Worth Rs 4.18 Lakh Crore Announced During Rising North East Investors Summit: Scindia
OutlookIndia
·
2m ago
Medial
During the Rising North East Investors Summit 2025 in Delhi, Union Minister Jyotiraditya Scindia announced Memorandums of Understanding (MoUs) worth Rs 4.18 lakh crore. The summit, inaugurated by Prime Minister Narendra Modi, aims to boost investment in the Northeast by showcasing its opportunities. It involves joint efforts from all eight northeastern states and has attracted investment proposals, mainly in tourism, agriculture, textiles, healthcare, education, and information technology. Key stakeholders, investors, and policymakers attended the summit.
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Karnataka government signs MoUs with two Korean firms
YourStory
·
1y ago
Medial
The Karnataka government has signed two MoUs worth Rs 1,040 crore with DN Solutions and EMNI Company Limited in Seoul, South Korea. The strategic partnerships will boost manufacturing, research and development, and battery technology sectors in the state. DN Solutions will invest Rs 1,000 crore in establishing machine manufacturing facilities, a research center, and a technical support center. EMNI Co. Ltd will invest Rs 40 crore in battery technology advancements, particularly focusing on the storage, testing, and recycling of LG Energy Solution's battery cells in Karnataka.
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Startup news and updates: Daily roundup (February 17, 2025)
YourStory
·
5m ago
Medial
The Union Budget's Rs 10,000 crore for startups is considered insufficient for India's AI ambitions, according to TV Mohandas Pai. Meanwhile, The ePlane Company is set to deliver 788 air ambulances through a partnership with ICATT. In funding news, You Care Lifestyle received a $1 million investment, Stelmec Ltd raised Rs 175 crore, and Solitario Lab Grown Diamonds secured $3.6 million in pre-IPO funds. KiranaPro became India’s first ONDC-powered quick commerce company, and multiple MoUs were signed for green hydrogen and UAV technologies.
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Equity fund inflows fall 16% to Rs 18,917 crore in April, SIP book tops Rs 20,000 crore for first time
Money Control
·
1y ago
Medial
Equity mutual fund inflows in India dipped by 16% to Rs 18,917.08 crore in April, compared to the previous month. Large-cap funds experienced a decrease in investments, while small-cap funds showed an increase after a brief outflow in March. However, the systematic investment plans (SIPs) reached a record high of Rs 20,371 crore, surpassing the Rs 20,000 crore mark for the first time. Overall, the mutual fund industry rebounded strongly, with net inflows totaling Rs 2.39 lakh crore. Debt funds also experienced a recovery, with net investments of Rs 1.90 lakh crore.
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Startup hBits offers Rs 28 cr commercial property in Mumbai to HNIs for fractional ownership
Money Control
·
1y ago
Medial
hBits, a platform for fractional real estate ownership, is offering a Rs 28 crore commercial property in Mumbai to high-net-worth individuals (HNIs) for investment. The 13,500 square feet property in Goregaon will be leased to an Indian-origin tech multinational firm, creating an investment opportunity worth Rs 27.31 crore for retail investors. hBits aims to achieve an AUM of Rs 500 crore by March 2024 and allows investors to participate in high-yield real estate assets with a minimum investment of 25 lakh.
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FIIs net buyers worth Rs 4,022 crore, DIIs net sell shares worth Rs 1,651 crore
Money Control
·
1y ago
Medial
Foreign institutional investors (FIIs) have purchased shares worth Rs 1.4 lakh crore, while domestic institutional investors (DIIs) have bought shares worth Rs 2.41 lakh crore so far this year. On July 12, DIIs were net sellers of shares worth Rs 1,651 crore, while FIIs were net buyers of shares worth Rs 4,022 crore. The Sensex closed at 80,519.34, up 622.00 points, or 0.78 percent, with the Nifty 50 closing at 24,502.20, up 186.20 points, or 0.77 percent. The IT index saw the biggest gains, while the realty and power indices fell.
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Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr
Entrackr
·
23d ago
Medial
Ixigo grants over 2 lakh ESOPs worth Rs 3.78 Cr Le Travenues Technology Limited, the parent company of travel tech platform Ixigo, has granted 211,912 stock options under its ESOP schemes of ESOS 2013, 2020, 2021, and 2024. The options have been issued at an exercise price of Rs 93 per share and will vest over four years in equal annual tranches. At the current market price of Rs 178.6 per share, the total value of the grant stands at approximately Rs 3.78 crore, implying a per-option value gain of Rs 85.6 for eligible employees. Ixigo reported a 72% growth in scale in the last quarter of FY25, reporting a revenue of Rs 284 crore in Q4 FY25. Meanwhile, its year-on-year (YoY) profits increased by 2.4X to Rs 17 crore during the same period. Recently, Elevation Capital also offloaded 75.48 lakh shares of Ixigo at an average price of Rs 179.25 apiece. At the same time, global investor Schroder Fund made its entry into Ixigo by acquiring 53.68 lakh shares worth Rs 96.8 crore. At the close of trading on Wednesday (July 16), Ixigo’s shares were priced at Rs 179.8, giving the company a market capitalization of Rs 7,017 crore (approximately $820 million).
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Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO
YourStory
·
10m ago
Medial
Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.
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