Foxconn Announces Investment In Telangana, Will Create 1 Lakh Jobs
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.
Tags: Foxconn, Investment, Jobs, telangana government, IT Minister
Courtesy: The Indian Express
Mukesh Ambani Announces Investment In Andhra Pradesh
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
Tags: AP Government, Power Plant, Mukesh Ambani, Investment, YS Jaganmohan Reddy
Courtesy: The Hans India
2023-2024 Union Budget Highlights
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
Tags: Union budget, Nirmala Sitharaman, 2023-2024 Budget, Investment, Modi Government
Courtesy: Times of India
Magna International To Set Engineering Centre In Bengaluru, To Invest USD 120
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.
Tags: E-Mobility, Electric Vehicles, Magna International, Investment, Engineering Center
Courtesy: Economic Times
Maharashtra Govt To Fast Track Clearance Of 630 Lands For Investment Purposes
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
Tags: Maharashtra Government, Eknath Shinde, Investment, Fast Track Land Process, business
Rupee Hit All Time Low With 44 Paise Fall, Currently At 81.13 Against USD
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.
Tags: US Rupee, Investment, INDIAN MARKET, International Market, All Time Low
Vedanta To Invest Rs 25,000 Crores In Odisha, Signs MoU
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.
Tags: Odisha, Make In Odisha Initiative, Investment, Vedanta, CM Naveen Patnaik
Patanjali To Invest Rs 1,000 Crore In Uttarakhand, Says Founder Baba Ramdev
Patanjali Yogpeeth announced to make investments of more than Rs 1,000 crore in Uttarakhand. The investment will improve public health in the state and promote its rich culture, said the trust on September 14.
Making the announcement in Gangotri, Patanjali Yogpeeth founder Baba Ramdev said he will work towards making Uttarakhand the spiritual and cultural capital of the world. Moreover, Uttarakhand CM Pushkar Singh Dhami welcomed the… read-more
Tags: Patanjali, Baba Ramdev, Uttarakhand Culture, Investment, business
Courtesy: Press Trust of India
US DFC To Invest $37.5 Million In Indian Businesses To Support Economy
The US International Development Finance Corporation (DFC) recently announced to invest $37.5 million (Rs 299 crorea) to support key sectors in India. The investment is expected to fuel the growth of businesses working in sectors like financial services, agriculture, healthcare, and climate. The company announced the investment in their current FY Quarter, as a form of political risk insurance product and financial instrument for various… read-more
Tags: Indian Startups, Investment, us company, DFC, Indian Economy
Courtesy: First Post
My Investments Are From Own Earned Money, Not Scam: Jacquelin Fernandez
Bollywood actress Jacqueline Fernandez denied her alleged involvement with rumour boyfriend and conman Sukesh Chandrashekhar in a Rs 200 crore money scam. After being questioned by the Enforcement Directorate under the Prevention of Money Laundering Act case, Fernandez revealed that her investments were through her fix depositing from hard-earned money. Notably, ED attached assets of the actress in the case. Earlier, on August 24, actress was… read-more
Tags: Sukesh Chandrasekhar, Jaquelin Fernandez, Enforcement Directorate, Bollywood, Investment