Bitcoin has gained traction, evidenced by the recent surge in its price. The bitcoin price has crossed the $30,000 mark on October 20, fueling optimism in the market. The major factor behind this surge is the recent development in the XRP case, as SEC dismissed to file charges, which led to rebelieve of investors. Now, the market of cryptocurrency and trading looks fine, making bitcoin strong asset in 2023.
The Adipurush Actor Prabhas has chosen to rent out the villa to tourists and locals, earning an impressive monthly rent of around Rs 40 lakh. Besides renting the villa, the investment also is a spot for Prabhas, where he can visit when off from work and chill with friends. Meanwhile, on the work front, Prabhas is set for "Salaar," to release on September 28, keeping him high-demand actor.
Courtesy: India Times
In a major investment boost, Bengaluru-based Drools Pet Food Private Limited has raised $60 million in funding from global consumer-focused investment firm L Catterton. With this, the investment company marked its venture in pet food industry in India. After getting the huge investment, Fahim Sultan, Drools Founder, said, "We are keen to leverage its consumer insights, operating know-how, and commercial network to strengthen our brands… read-more
Courtesy: Your Story
Foxconn signs a deal with the Telangana Government and announced a major investment. As per sources, on March 3, the CEO of Foxconn signed an MoU with Information Technology Minister KT Rama Rao. The company will establish a factory unit in Telangana, which will help the growth of Telangana. Furthermore, the investment and company will also create approximately 1 lakh jobs in the State for youths.
Courtesy: The Indian Express
Mukesh Ambani, the CEO of Reliance, announced a huge investment for Andhra Pradesh, to establish a 10 gigawatt power plant. On March 3, Ambani who participated in the Andhra Pradesh Global Investors Summit 2023 and expressed happiness. He said, "AP is the second state with the longest coastline and lauded the CM YS Jagan's work for development. The two-day Global Investors' Summit will conclude on March 4… read-more
Courtesy: The Hans India
Under the Union Budget 2023-2024, FM Nirmala Sitharaman announced an Urban Infrastructure development fund to be established in tier-II and tier-III cities, worth Rs 10,000 crore pa. Three AI centres for research and developing cutting-edge solutions announced 50 airports for better connectivity. The GoI announced an investment of Rs 19,700 crore for the National Hydrogen Mission, a Rs 35,000 crore investment for India's goal of net-zero… read-more
Courtesy: Times of India
Magna International is all set to invest USD 120 million (approx. 980 crores) in India, for a new engineering centre in Brigade Tech Garde, Bengaluru. As per sources, the decision was taken after witnessing a massive demand for electric vehicles and the electrification of vehicles in India. Moreover, 1,000 engineers and technical experts by the end of 2023, for operations.
Courtesy: Economic Times
Eknath Shinde-led Maharashtra Government is aiming to fast-track matters to clear a record 630 land proposals spread over 2500 acres for a total investment of over Rs 25,000 crore. The development came after the recent criticism over exit of Vedanta Faxon and PhonePe, from the state. "These proposals are for investments in food processing, IT, electronics, automobile, electric vehicles, textile, chemicals and petrochemicals," said a… read-more
In the trade market, the rupee fell to an all time low by 44 paise to 81.13, against the US dollar, on September 23. With depriciation, at the interbank foreign exchange, the rupee opened at 81.08 against the greenback, then fell further to 81.23. The fall in the currency is a major concern for investors and raised geopolitical risks in the international market.
Vedanta Resources announced an investment of Rs 25,000 crore for the expansion of its aluminium, ferrochrome and mining business in Odisha. The decision to have investment in "Make in Odisha" initiative was made on September 16, after the Vedanta representative met with Odisha CM Naveen Patnaik. Vedanta already has the single largest investment of Rs 80,000 crore in the state and its quantum of investment contributes 4% GDP.