Articles for tag: Crore, Debt, Earnings, Eliminate, Enhancing, External, Financial, Infrastructure, Investment, IRB, Liabilities, Mixed, Performance, Plans, Refinancing, Stability, Trust

September 17, 2024

IRB Infrastructure Investment Trust plans ₹2,667 crore debt refinancing to eliminate external liabilities, enhancing financial stability amid mixed earnings performance.

IRB Infrastructure Investment Trust (InVIT) is set to raise Rs 2,667 crore through term loans to refinance existing debt, aiming to eliminate external debt for its six Special Purpose Vehicles (SPVs). This move will extend the loan duration and lower financing costs. Currently, InVIT manages road assets across several states, including Karnataka and Rajasthan. Although ...

September 16, 2024

Market News

Business

Tata Steel’s Kalinganagar expansion elevates Odisha to the top investment spot, aiming for 40 mtpa capacity by 2030.

Tata Steel has announced that after expanding its Kalinganagar plant in Odisha, it will become the company’s largest investment area. With an investment of Rs 27,000 crore for the phase-II expansion, the plant’s capacity will increase from 3 million tonnes per annum to 8 million tonnes. This expansion is crucial for Tata Steel’s goal of ...

September 15, 2024

Market News

Business

ICRA ESG assigns its inaugural ESG rating to InCred Financial Services, signaling a transformative step towards sustainable investment in India.

ICRA ESG Ratings Limited has announced its first Environmental, Social, and Governance (ESG) rating for InCred Financial Services, a non-banking financial company. Recently registered as a Category-I ESG Rating Provider by SEBI, ICRA ESG aims to aid investors in understanding non-financial risks and opportunities. InCred received a rating of Impact 57, categorized as Moderate. This ...

September 14, 2024

Market News

Politics

Online Investment Scam: Gujarat Police Unmask Cyber Fraudsters Raking in Crores While Victims Chase Fake Dreams—Is Justice Really Winning?

The Vadodara Cyber Crime Police in Gujarat have arrested two suspects involved in an online investment scam that cost a victim Rs 9.24 lakh. The accused, Ahmed Raza Daroga and Abdul Rehman Sheikh, were caught after the victim reported being tricked by a Facebook advertisement promoting stock Market investments. Initially drawn in with a bonus, ...

September 13, 2024

Market News

Business

Vishnu Vardhan warns that AI’s growth could overshadow Indian languages but offers hope through targeted development and investment.

Vishnu Vardhan, the founder of SML Generative AI, discusses the potential of AI to enhance Indian regional languages and the challenges that come with it. He believes that while AI can greatly support the growth of these languages, there is a risk that people may rely more on English if strong AI models are not ...

September 12, 2024

Market News

Politics

Yogi’s Grand Investment Tale: Can 75% Subsidies Turn UP into India’s Silicon Valley or Just a Pipe Dream?

The Uttar Pradesh government, led by Chief Minister Yogi Adityanath, is set to host a groundbreaking ceremony for investment projects totaling Rs 10 lakh crore. Speaking at an international semiconductor conference, Adityanath encouraged the semiconductor industry to invest in the state, highlighting attractive incentives such as land and capital subsidies of up to 75%. He ...

September 10, 2024

Market News

Business

Coal India plans a massive investment in coal power, clinging to fossil fuels as India’s energy demand surges, sparking environmental concerns.

Coal India Ltd. is set to invest approximately 670 billion rupees (around $8 billion) to build coal-fired power plants near its mines, emphasizing the country’s ongoing reliance on coal for electricity. With approval for 4.7 gigawatts of new power generation in Odisha and discussions for an additional 2 gigawatts, the move highlights India’s forecasted surge ...

September 10, 2024

Market News

Business

Tamil Nadu’s electronics boom intensifies with Jabil’s Rs 2,000 crore investment, creating 5,000 jobs amid soaring iPhone exports.

Tamil Nadu is becoming a major hub for electronics manufacturing, driven by a significant investment from Jabil Inc., which plans to establish a new facility in Tiruchirapalli. This investment of Rs 2,000 crore will create approximately 5,000 jobs, marking Jabil as the fourth Apple supplier in the state, alongside Foxconn, Pegatron, and Tata Electronics. Recently, ...

September 9, 2024

Market News

Business

KKR bets on industrial assets and digital infrastructure, predicting a 0 trillion investment surge by 2040 amid evolving markets.

KKR bets on industrial assets and digital infrastructure, predicting a $100 trillion investment surge by 2040 amid evolving markets.

KKR & Co. has significantly increased its investment in digital infrastructure, focusing on assets like fiber connectivity, data centers, and logistics. According to Raj Agrawal, KKR’s global infrastructure head, industrial assets such as storage facilities are becoming crucial as Fortune 500 companies seek to sell these for better financial stability. The shift towards renewable energy ...

September 9, 2024

Market News

Business

Uttar Pradesh CM Yogi Adityanath heralds a new era of growth, unveiling Ikea’s store foundation, boosting investment and employment.

Uttar Pradesh Chief Minister Yogi Adityanath recently laid the foundation stone for an Ikea store in Noida during a virtual event from Lucknow. He highlighted that over the past seven and a half years, Uttar Pradesh has gained the trust of both domestic and international investors, making it a preferred investment hub in India. Adityanath ...