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  • Jharkhand announces incentives up to Rs 10cr for investment in tourism

    The Jharkhand government announced a slew of fiscal incentives for those willing to invest in developing tourism facilities, including hotels and resorts, amusement parks, ropeways and adventure sports, to give a boost to the sector and attract tourists to the state. The incentives were announced in the recently-unveiled state tourism policy, which aims to make […]

    January 10, 2022

  • Ex-RBI Governor Urjit Patel Appointed VP of Asian Infrastructure Investment Bank

    Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as a vice-president of the Beijing-based Asian Infrastructure Investment Bank (AIIB), a multilateral funding institution, according to sources in the bank on Sunday. India is a founding member of AIIB with the second-highest voting share after China. It is headed by the former […]

    January 10, 2022

  • World food prices ease in Dec, but hit 10-year peak in 2021: FAO

    World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the U.N. food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 133.7 points last month compared with […]

    January 7, 2022

  • IPO-bound Delhivery announces investment in Falcon Autotech

    IPO-bound logistics service Delhivery has announced its investment in Falcon Autotech, a logistics automation solutions provider. This is in line with Delhivery’s stated objective of sustained investments in future-ready hardware solutions in its operations. The amount invested is undisclosed by both the firms. With this partnership, Delhivery expects to work closely with Falcon Autotech to design […]

    January 7, 2022

  • Reliance Retail picks 25.8% stake in Dunzo for $200 million

    Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery. With the investment of $200 million, Reliance Retail will own 25.8% stake in the online delivery platform on a fully diluted basis. Existing investors Lightbox, […]

    January 7, 2022

  • Sensex reclaims 60,000 mark; FPI buying, macroeconomic data buoy sentiment

    The Sensex reclaimed the 60,000 mark after seven weeks, despite rising Covid-19 cases, as the benchmark indices closed higher for the fourth straight session on Wednesday. Inflows from foreign portfolio investors (FPIs), expectations of good quarterly results, and optimism triggered by positive macroeconomic numbers enthused investors. The Sensex gained 367 points, or 0.6 per cent, to close at 60,223, […]

    January 6, 2022

  • Stick to your investment plan even if market is volatile, says Ajay Tyagi of UTI AMC

    Ajay Tyagi, Head of Equity at UTI AMC has advised that new age investors have to avoid timing the market, have an asset allocation plan, follow this plan systematically and stick with it even when things look volatile in the short run. Investors trying to change their investment strategy every now and then to make […]

    January 6, 2022

  • Capricorn Investment Group Takes 20% Stake in Norselab’s European Impact Investment Platform

    OSLO, Norway & NEW YORK–(BUSINESS WIRE)–Capricorn Investment Group makes their first move into the Nordic venture space with their investment in Norselab, an Oslo-based European impact investment manager for private capital. “With their thoughtful approach to innovative impact investments, Norselab stands out as an ideal partner to expand our presence into the Nordics and Europe. […]

    January 5, 2022

  • Industrial and logistics sector top investment chart in 2021, touch new highs

    The industrial and logistics sector was the most sought-after, and investments rose to a five-year high of $1.1 billion, a five-fold increase from 2020. The sector has been drawing strong operator and investor interest due to increased demand from e-commerce and 3PL players post-pandemic. This growth momentum is likely to continue in 2022, as major […]

    January 3, 2022

  • Economists feel an uptick in investment and demand in FY23 will broad-base growth

    The economic recovery is likely to be broad-based and more durable in the next financial year as Covid-battered micro, small and medium enterprises (MSMEs), informal industries and contact-intensive services see a pick-up in capital investments and healthier balance sheets due to revival in demand, say economists. The resurgent Omicron variant, persisting shortages and bottlenecks, and […]

    January 3, 2022

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