NEW DELHI: The Asian Development Bank raised India’s growth forecast for the current year to 7 per cent, from 6.7 per cent earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2 per cent. It also estimated inflation to stay around 4.6 per cent in 2024.ADB had…
HYDERABAD: Sustainable circularity startup Recykal has secured a Rs 110 crore (around $13 million) pre-series B investment from a Category II scheme managed by 360 ONE Asset Management Limited, formerly known as IIFL Asset Management Limited.The investment is learnt to have come from Manipal Group founder chairman Dr Ranjan D Pai’s family office and has…
Fixed Deposit Interest Rates: Fixed deposits (FDs) offer a secure avenue for investment, particularly favored by risk-averse individuals and senior citizens. Recently, several top banks have raised their FD interest rates, with some offering up to 8.1% on 1-3 year tenures, making them an attractive option for those seeking stable returns.What is a Fixed deposit?You…
Mumbai: Global private equity major Blackstone, which manages $1 trillion in assets, plans to invest $25 billion in India over the next five years.Blackstone chief operating officer Jonathan Gray said here that India was the third biggest investment destination for Blackstone after the US and UK. “The fact that you have had a lot of…
MUMBAI: Billionaire Gautam Adani-controlled Adani Group has infused Rs 6,661 crore in Ambuja Cements and raised its stake by 3.6% to 66.7%, a company release said. Harmonia Trade & Investment, an arm of the group, converted 21.2 crore warrants into shares at the rate of Rs 314 per share. In Thursday’s strong market, Ambuja Cements…
In India’s real estate sector, a fresh narrative is unfolding — one that mirrors the escalating influence and empowerment of women as formidable players in the market. Against the backdrop of global economic challenges and recessionary pressures, the Indian real estate market has rebounded, offering a dependable option for those seeking financial independence. Women are…
MUMBAI: SoftBank has cut another 2.1% stake in Paytm, reducing its shareholding in the fintech firm to 2.8%, the company said in a recent stock exchange filing. The Japanese investment behemoth which bets heavily on tech firms had invested over $1 billion into Paytm and held about 18% stake in the Noida-based company at the…
Sovereign Gold Bonds Scheme 2023-24 Series IV: Investing in Sovereign Gold Bonds (SGB) can be an attractive option for many investors. If you’ve recently applied for the latest issue of SGB, it’s important to check your allotment details to stay updated on your investment. Here’s how to do it:The SGB 2023-24 Series IV opened on…
There is a famous story by French writer Jean Giono about a man who plants trees in a barren valley. “For three years he had been planting trees in this wilderness. He had planted one hundred thousand. Of the hundred thousand, twenty thousand had sprouted. Of the twenty thousand he still expected to lose about…
CHENNAI: Tamil Nadu exceeded its own expectations of the Global Investors Meet 2024, signing MoUs worth more than 6.6 lakh crore with the potential to create 14.5 lakh direct jobs as the two-day meet ended on Monday. This was more than double the value of MoUs signed in the 2019 edition of GIM. The state…
