Investment

EPFO To Consider Crediting ETF Units To PF Accounts

Press Trust of India | Sunday October 22, 2017

The official said that the issue was listed on the agenda of the CBT meeting held earlier this year and was referred to the Comptroller and Auditor General (CAG).

'US In UP': Big American Firms Meet Yogi Adityanath Tomorrow

India News | Edited by Nidhi Sethi | Sunday October 22, 2017

As a number of international establishments have been exploring investment opportunities in Uttar Pradesh, Chief Minister Yogi Adityanath will tomorrow meet representatives of major American companies including Facebook, Adobe, Coca Cola, Mastercard, Monsanto, Uber, Honeywell, P&G, Oracle and GE Health and Cargill, in Lucknow.

India's GVA Growth May Rise To 6.3% In September Quarter: Nomura

Press Trust of India | Sunday October 22, 2017

Nomura's proprietary indices suggest that growth bottomed out in the second quarter and a recovery is underway in the third quarter, largely because consumption and investment indicators have improved in the third quarter.

Russia's Biggest Oil Firm To Control Iraqi Kurdish Pipeline Amid Crisis

World News | Reuters | Friday October 20, 2017

Russia's biggest oil company, Rosneft, has agreed to take control of Iraqi Kurdistan's main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Baghdad's military action sparked by a Kurdish vote for independence

Lyft Raises $1 Billion in Funding Round Led by Alphabet's CapitalG

Reuters | Friday October 20, 2017

Spokespeople for Lyft and Alphabet have said the latest investment will not have any bearing on the Waymo partnership.

This Little Known Startup Is World's Fourth Most Valuable

Business | Bloomberg News | Friday October 20, 2017

In the latest funding, the company received money from Canada Pension Plan Investment Board, Trustbridge Partners, Tiger Global Management, Coatue Management and the Singaporean sovereign wealth fund GIC.

Amazon Building Second, Giant New HQ For $5 Billion. Bidding War Heats Up

World News | Agence France-Presse | Wednesday October 18, 2017

It's the prize of a lifetime, a $5 billion investment creating 50,000 well-paid jobs that everyone wants, but only one US city will get.

'Dr Doom' Commentator Marc Faber Faces Backlash Over Race Comments

World News | Reuters | Wednesday October 18, 2017

Marc Faber, the Swiss investor based in Thailand, provoked a backlash from business television and investment management firms on Tuesday after comments in his latest newsletter suggested the United States had only prospered because it was settled by white people

Gold ETFs Register Rs 388 Crore Outflow Between April To September

Press Trust of India | Tuesday October 17, 2017

Withdrawal of Rs 66 crore was seen in April this year, Rs 71 crore in May, Rs 81 crore in June, Rs 38 crore in July, Rs 58 crore in August and another Rs 74 crore in September

SoftBank-Uber Deal Likely Next Week, Says Board Member Arianna Huffington

Indo-Asian News Service | Tuesday October 17, 2017

Uber's board voted earlier in October to approve the Japanese tech conglomerate's cash infusion.

National Investment And Infrastructure Fund Bags $1 Billion Deal

Business | Thomson Reuters | Monday October 16, 2017

Abu Dhabi Investment Authority to become the first institutional investor in NIIF's master fund.

IAMAI Launches IoT Incubator Programme Called 'IoT.IN'

Indo-Asian News Service | Monday October 16, 2017

IAMAI has teamed up with Mobile10X and Napino Auto and Electronics Limited for the venture.

Aadhaar Card Linking: Important Dates, What To Do And Other Details

NDTV Profit Team | Monday October 16, 2017

Aadhaar is now to be quoted mandatorily for investment in savings schemes such as NSC (National Savings Certificate and PPF (Public Provident Fund).

Billionaire Birla Says PM Modi Needs Time to Spark Investment

India News | Bhuma Shrivastava | Siddharth Philip | BLOOMBERG | Friday October 13, 2017

Kumar Mangalam Birla, who controls the $41 billion Aditya Birla Group, says steps by Prime Minister Narendra Modi to revive growth in the economy will take more time as companies rein in investment for at least one more year.

Richard Branson Takes Another Bet On The Future With Hyperloop One

World News | Reuters | Thursday October 12, 2017

British billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems.

Flipkart Says It Will Invest $500 Million in PhonePe

Gadgets 360 Staff | Thursday October 12, 2017

The announcement comes less than a month after Google entered the payments market in India, with Google Tez, also opting to use UPI as the backend platform for transactions.

Linking Of Aadhaar Card: 4 Things To Do By December 31, 2017

Business | NDTV Profit Team | Thursday October 12, 2017

Aadhaar is to be compulsorily quoted for carrying out a number of important tasks. These range from investment in the Public Provident Fund (PPF), National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) schemes to opening of a Post Office account.

How Diamonds Can Be An Investor's Best Friend

Business | Thomson Reuters | Tuesday October 10, 2017

Investors have long viewed diamonds as less useful as a store of value than gold, says industry.

Saudi Aramco Plans 'Mega Investment' In India, Eyes Refinery Business

Business | Debjit Chakraborty, Dhwani Pandya, Saket Sundria, Bloomberg | Tuesday October 10, 2017

The company, popularly known as Saudi Aramco, plans to create a fully integrated business in India and is interested in partnering with Indian companies.

Mahindra To Roll Out Two New Electric Vehicles By Mid-2019

PTI | Thursday October 5, 2017

M&M has also earmarked an investment of Rs 600 crore over the next two-three years to expand its electric vehicle production capacity from 500 to 5,000 units a month.

Adobe Invests in Aadhaar-Based Authentication for Its E-Signature Solution

Indo-Asian News Service | Wednesday October 4, 2017

Aadhaar-based e-signature in "Adobe Sign" is aimed at helping organisations to eliminate their dependency on wet signatures and allow digital validation of users' legal identity.

RBI Says GST Impact Will Delay Investment Revival

Press Trust of India | Wednesday October 4, 2017

RBI forecast slower economic growth of 6.7% in the year, down from its earlier projection of 7.3%.

Ford To Cut Costs; Invest In Trucks, Electric Cars

Reuters | Wednesday October 4, 2017

Ford would shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars. Most of those savings will not show up on Ford's bottom line until 2019 and 2020.

Ola Said to Raise $2 Billion in New Funding From SoftBank, Tencent

Reuters | Tuesday October 3, 2017

Ola on Monday secured $2 billion in new funding from a group of investors, including SoftBank Group and Tencent Holdings, Bloomberg reported.

April-June External Debt Rises 3% To $485.8 Billion, Says RBI

Thomson Reuters | Friday September 29, 2017

India's April-June external debt rose to $485.8 billion due to an increase in foreign investment inflows into debt markets.

MG Motor Inaugurates First Manufacturing Facility In India

Sameer Contractor | Friday September 29, 2017

UK-based car maker MG Motor has announced the inauguration of its first manufacturing facility at Halol, Gujarat in India. The company said it will be making an initial investment of Rs. 2000 crore with an initial capacity of 80,000 units per year in the first phase. MG Motor India will roll-out its first product from the plant sometime in 2019.

RBI To Hike Foreign Investment Level For Government Bonds

Business | Thomson Reuters | Thursday September 28, 2017

Current quotas for foreign investment in government bonds has been almost fully exhausted, RBI said.

Government's Plan To Sell Stake In Oil Fields May Hit State Firms' Profit: Report

Business | Thomson Reuters | Wednesday September 27, 2017

The government is making the decision after failing to draw investment from global oil majors in new fields, Reuters said.

Toyota To Invest $373.8 Million In US Hybrid Powertrain Production

CarAndBike Team | Wednesday September 27, 2017

The investment in five US manufacturing plants will support production of Toyota's first American-made hybrid powertrain and to implement TNGA at its Alabama plant. Each of the projects is scheduled to begin this year and all should be operational by 2020.

Home Appliance Maker Dyson Announces Electric Car Plans

Cyrus Dhabhar | Wednesday September 27, 2017

Renowned electric appliance manufacturer and innovation giant Dyson has officially announced a move into the electric mobility sector by 2020. The announcement came via an email that James Dyson, founder and chief engineer sent to the whole group recently that indicated a move into the electric mobility space in the next few years with a new car in...