investment

New Delhi, April 7 GLAAS, an embedded credit infrastructure platform for MSMEs, announced on Tuesday that Devesh Sachdev has joined the company as Co-founder and Managing Director.He has also invested $5 million in the company, GLAAS said in a statement.Sachdev had previously founded Fusion...

New Delhi, April 7 The government will expand the scope of the Rs 10,683-crore production-linked incentive (PLI) scheme for textiles, covering man-made fibre (MMF) apparel, fabrics, and technical textiles, Union minister Giriraj Singh said on Tuesday.The addition of products to the list of...

New Delhi, April 7 The government is evaluating whether to extend a production-linked incentive scheme for the food processing sector after the program attracted investments of Rs 9,207 crore across 22 states over six years, a senior official said on Tuesday.The scheme, launched in 2021-22...

Mumbai, April 7 Veteran of the finance industry, Uday Kotak, cautioned on Tuesday that the conflict in West Asia, triggered by the US-Israel attack on Iran's port, portends a return of colonialism.Kotak, a non-independent director and founder of the private sector lender, Kotak Mahindra Bank...

Ludhiana, April 7 Punjab Industries Minister Sanjeev Arora said on Tuesday that an exhibition center will be constructed on a 10-acre piece of land near the Jalandhar Bypass, and work on this will be completed within a year.Arora stated this during an interaction with leading industrialists...

The Production Linked Incentive Scheme for the Food Processing Industry (PLISFPI) has yielded positive results, with cumulative investment exceeding nine billion rupees against an initial commitment of around seven billion rupees. The Ministry of Food Processing Industries (MoFPI) stated that...

New Delhi, April 7 – South Africa’s High Commissioner to India, Professor Anil Sooklal, views the upcoming India-Africa Forum Summit (IAFS) as an opportunity to strengthen his country’s economic ties with India across the pharmaceutical, green energy, IT, and agricultural sectors."The summit...

New Delhi, April 7 India and New Zealand are expected to sign a Free Trade Agreement (FTA) on April 24 here, which will provide tariff-free access to domestic exporters for their goods in the island nation's market, and will bring in USD 20 billion of investment over the next 15 years, an...

New Delhi, April 7 Gold prices fell by Rs 610 to Rs 1.49 lakh per 10 grams in futures trading on Tuesday as rising crude oil rates and escalating tensions in the Middle East dampened demand for the safe-haven asset and kept investors cautious.On the Multi Commodity Exchange, the yellow metal...

New Delhi, April 7 Food startup KisaanSay has raised ₹34 crore from investors, including NABVENTURES and senior industry leaders, to expand its business.Founded by Nitin Puri, Vaishali Mehta & Manoj Karki, KisaanSay offers consumers a range of single-origin food products.In a statement on...

Panaji, April 6 Maharashtra Chief Minister Devendra Fadnavis on Monday criticized the opposition for fielding candidates in the by-election to the Ponda assembly constituency in Goa, instead of ensuring an unopposed contest as a tribute to the late minister Ravi Naik, who had represented the...

Thiruvananthapuram, April 6 Karnataka Deputy Chief Minister D K Shivakumar on Monday alleged that despite being highly educated, people in Kerala are forced to seek jobs in other states and countries due to a lack of opportunities.The Congress leader is in the state as part of the campaign for...

New Delhi, April 6 Technology firm Take Solutions has launched an innovation fund with an initial investment commitment of Rs 5 crore, the company said in a regulatory filing on Monday.The fund is aimed at identifying, investing in, and scaling high-potential startups operating at the...

Raipur/New Delhi, April 6 – Chhattisgarh Chief Minister Vishnu Deo Sai is scheduled to hold crucial high-level meetings in the national capital on Tuesday, as the focus shifts towards the holistic development of the Bastar region in the "post-Maoist era".CM Sai is scheduled to arrive in New...

New Delhi, April 6 TDI Infratech, a real estate firm, announced on Monday that it has partnered with DC Group to develop a 150-acre township in Ludhiana with an investment of ₹750 crore.The township will include luxury group housing, residential plotted developments, and low-rise independent...

New Delhi, April 6 Shares of Reliance Industries fell for the second consecutive day on Monday, with the company's stock dropping over 3 per cent on the stock exchanges.The benchmark stock declined by 3.41 per cent, closing at Rs 1,304.75 on the BSE. Throughout the day, it dropped by 4.50 per...

New Delhi, April 6 TDI Infratech, a real estate firm, announced on Monday that it will invest ₹750 crore to develop a 150-acre township in Ludhiana as part of its expansion plan.The company stated that the township will include luxury group housing, residential plotted developments, and...

New Delhi, April 6 Private sector Yes Bank announced on Monday that Vinay Muralidhar Tonse has taken over as the MD and CEO of the bank for a period of three years.Tonse, a former MD of State Bank of India, replaced Prashant Kumar, who completed his extended term on April 5.Tonse has taken...

Patiala, April 5 – Shiromani Akali Dal (SAD) President Sukhbir Badal announced on Sunday that Punjab Chief Minister Bhagwant Mann and his OSDs would be held accountable for alleged wrongdoing after the 2027 assembly elections.Addressing a "Save Punjab" rally here, Badal said, "These corrupt...

New Delhi, April 5 Gold and silver are expected to remain within a range with a positive bias next week as investors monitor geopolitical developments in West Asia and key global macroeconomic data, analysts said.On the domestic front, investors will also be looking for the Reserve Bank of...