Wednesday, December 18

Tag: investment

How Quitting Tea And Cigarettes Can Secure A Crore-Plus Retirement
29Dec By adminNo Comments
Business

How Quitting Tea And Cigarettes Can Secure A Crore-Plus Retirement

Curated By: Business DeskLast Updated: December 14, 2023, 19:59 ISTAditya Birla Wealth Aspire Fund has given a return of 19.20% on investment for more than ten years. Assuming that the daily expenditure of a person on just tea and cigarettes is Rs 100, this would mean that the money invested in a month would be around Rs 3000. It’s been claimed that prudent saving is the simplest path to accumulating wealth. These days, there are investing opportunities that can turn a modest sum into substantial money. Despite this, people have relatively little knowledge about investing and saving. An investor will have more than Rs 1 crore in savings by the time they retire if they avoid smoking and drinking tea. CEO of renowned Asset Management Company (AMC), Radhika Gupta, has also responded to...
Read More
The Nippon Steel Deal Is Good for America
29Dec By adminNo Comments
Health

The Nippon Steel Deal Is Good for America

Democrats and Republicans alike are assailing Nippon Steel’s prospective purchase of U.S. Steel as a threat to national security. The complaints are misplaced. Essential to national security is economic competitiveness, which is strengthened by global connections such as inward foreign direct investment.A more competitive economy is better able to fund the military and ameliorate the inevitable guns-for-butter trade-offs. Consider the Cold War. Fast labor-productivity growth after World War II expanded America’s tax base to fund investments in defense, science and space exploration. America eventually won the Cold War largely because the Soviet empire couldn’t deliver the goods. The Berlin Wall fell in part because people behind the Iron Curtain yearned for Mercedes sedans rather than Tra...
Read More
PLI schemes attracted over Rs 95,000 cr investment till Sep 2023: Centre
27Dec By adminNo Comments
Business

PLI schemes attracted over Rs 95,000 cr investment till Sep 2023: Centre

It added that of the USD 101 billion worth of total electronics production in 2022-23, smartphones constituted USD 44 billion, including USD 11.1 billion as exports. The production-linked incentive (PLI) schemes for 14 sectors have attracted over Rs 95,000 crore in investment till September this year, an official statement said on Tuesday. According to the Commerce and Industry Ministry, as many as 746 applications have been approved till November 2023 under these schemes. In the Union Budget 2021-22, the government announced an outlay of Rs 1.97 trillion for the schemes. The sectors included electronics, telecommunication, pharma, white goods (AC and LED light components), and textiles. The aim is to enhance India's manufacturing capabilities and exports. ...
Read More
AI firm BRAIIN Holdings forays into India, plans to invest $100 million
26Nov By adminNo Comments
Business

AI firm BRAIIN Holdings forays into India, plans to invest $100 million

BRAIIN Holdings, the New York-based artificial intelligence and robotics firm, is making a strategic entry into the Indian market. BRAIIN has acquired Exato.ai, a prominent Indian CXaaS (customer service-as-a-service) company, serving as a strategic foundation for BRAIIN's operations in India. With this acquisition, the company has bolstered its presence in the customer experience and employee experience as a service sector, along with increasing its revenue. The company did not reveal the value of the transaction. After initially focusing on the agriculture sector, the company tactically diversified into other sectors, such as customer experience in the service industry, fintech, and telecom, expanding its domain expertise. 'We think India is a huge market for this. ...
Read More
KEC International bags new projects worth Rs 1,005 cr in India, overseas
21Nov By adminNo Comments
Business

KEC International bags new projects worth Rs 1,005 cr in India, overseas

File image of KEC International Engineering firm KEC International on Tuesday said it has bagged new projects worth Rs 1,005 crore across its various business verticals, including railways and cables. The RPG Group company has bagged projects for transmission and distribution and cabling in the domestic market as well as in the Middle East, Europe, Africa and Americas. In the railways vertical, it has "secured an order for 25 kV overhead electrification (OHE) and associated works in the conventional segment in India," the company said in a regulatory filing. The company has secured orders for the supply of various types of cables in the domestic market and overseas. "We are particularly enthused by the order in railways, which further consolidates our ord...
Read More
Ireland’s Tax-Cutting Success Story – WSJ
2Nov By adminNo Comments
Business

Ireland’s Tax-Cutting Success Story – WSJ

By Stephen Moore and Steve ForbesEuropean Union officials and Treasury Secretary Janet Yellen are pushing for a global minimum corporate tax, and no wonder. High-tax countries are getting bled to death, while low-tax ones experience stunning growth.Ireland, whose economy grew by 12.5% last year—faster than any other European nation—is one of the greatest tax-cutting success stories of modern times. The Journal recently reported that Ireland is “swimming in money.” It’s a vivid example of the Laffer Curve, which shows that lower tax rates can result in faster growth and higher revenue. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Rs 3,200 crore to fund its EV business
26Oct By adminNo Comments
Business

Rs 3,200 crore to fund its EV business

Ola Electric announced that it has secured about Rs 3,200 crore in funding as part of its equity and debt round. This funding was obtained from Temasek-led marquee investors and project debt from State Bank of India. The funding round, which includes equity, has raised the Bengaluru-based firm’s valuation to $5.5 billion, up from its previous valuation of $5 billion, according to sources. The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion. A person familiar with the company’s strategy said, “Ola is planning to go public in the near future. The public offering is expected to be one of the largest automotive IPOs in India.” Sources indicate that ot...
Read More