Articles for tag: Agreement, Aims, Clean, Energy, Investment, Monumental, Powerhouse, Powers, Rajasthan, State, Tata, Transform, Trillion

Market News

Tata Power’s monumental Rs 1.2 trillion investment agreement with Rajasthan aims to transform the state into a clean energy powerhouse.

Tata Power’s monumental Rs 1.2 trillion investment agreement with Rajasthan aims to transform the state into a clean energy powerhouse.

The Ministry of Power has made a significant regulatory change that allows power plants supplying electricity to neighboring countries to sell their unused output in India if they face challenges in foreign markets. This decision comes amid ongoing efforts to enhance energy management. In a related development, Tata Power signed a groundbreaking agreement with the ...

Market News

India’s wealthiest surpasses  trillion; household assets soar, driven by equity investments, revealing a shifting financial landscape.

India’s wealthiest surpasses $1 trillion; household assets soar, driven by equity investments, revealing a shifting financial landscape.

The wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion, as reported by Fortune India. Additionally, a report from Motilal Oswal reveals that household financial wealth has hit a record high of 115.9% of India’s GDP in the first quarter of FY25. Households have seen their gross financial assets rise ...

Market News

Rajasthan’s investment summit aims for global partnerships, with CM Sharma leading efforts to attract ~.9 trillion in investment.

Rajasthan’s investment summit aims for global partnerships, with CM Sharma leading efforts to attract ~$6.9 trillion in investment.

Rajasthan Chief Minister Bhajan Lal Sharma is actively promoting the state for investment ahead of the upcoming investment summit from December 9 to 11. The summit, which will be inaugurated by Prime Minister Narendra Modi, aims to attract global investments and foster innovation in Rajasthan. So far, the state government has secured commitments for approximately ...

Market News

Overseas funds are surging back into India’s  trillion market, driven by political stability and promising growth prospects.

Overseas funds are surging back into India’s $5 trillion market, driven by political stability and promising growth prospects.

Overseas funds are making a strong comeback in Indian stocks, as net foreign purchases reach $8.5 billion this quarter, the highest since mid-2023. Investors are encouraged by Prime Minister Narendra Modi’s stable government and India’s growing economy, which is set to become the third-largest globally by 2028. Despite Indian equities being pricier than many emerging ...

Market News

Vedanta targets EV market growth in Asia by ramping up nickel production, crucial for India’s  trillion export goal by 2030.

Vedanta targets EV market growth in Asia by ramping up nickel production, crucial for India’s $1 trillion export goal by 2030.

Vedanta, a prominent Indian conglomerate, is set to boost its nickel and nickel sulphate production to meet the growing demand for electric vehicle (EV) battery materials in Northeast Asia. The company recently announced plans to enhance its capacity, emphasizing the role of nickel sulphate in battery manufacturing. While India’s EV Market is still developing, Vedanta ...

Market News

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 ...

Market News

India’s wealthiest surpasses  trillion; household assets soar, driven by equity investments, revealing a shifting financial landscape.

India’s Billionaires Hit $1.19 Trillion Amidst Economic Challenges

A recent report by Fortune India reveals that the collective wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion (about Rs 99.86 trillion). This marks a significant 50% increase from $832 billion in 2022, with the number of dollar billionaires in India rising to 185. Mukesh Ambani leads the rankings ...

Market News

India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance

India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance

In August, India reported a Goods and Services Tax (GST) collection of Rs 1.75 trillion, marking a 10 percent increase compared to last year. This growth is attributed to stronger consumer spending as the festive season approaches, along with enhanced GST audits and investigations that have improved compliance. Domestic collections rose by 9.2 percent, while ...

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