Wednesday, December 18

Tag: investment

VINCI announces £100 million investment plan for Belfast International – Business Traveller
19Oct By adminNo Comments
Travel

VINCI announces £100 million investment plan for Belfast International – Business Traveller

The owner and operator of Belfast International has announced plans to invest £100 million in the airport over the next five years. VINCI Airports said that the investment would enhance the airport’s operational and environmental efficiency, with work already underway to construct a new £25 million security building next to the existing terminal. The new facility is scheduled to open by summer 2024, and will have the required new generation CT scanners meaning passengers will no longer need to remove liquids of electronics from their luggage. Existing terminal facilities are also set to be revamped, with an improved airside departures area with additional gates and seating, new catering and retail outlets, and an extended immigration area. Finally VINCI confirmed that a 26 MWp solar farm...
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Mukesh Ambani’s Reliance Retail Ventures to raise $598 million from ADIA
6Oct By adminNo Comments
Business

Mukesh Ambani’s Reliance Retail Ventures to raise $598 million from ADIA

Indian billionaire Mukesh Ambani's Reliance Retail Ventures said on Friday Abu Dhabi Investment Authority would invest 49.67 billion rupees ($597.58 million) in the company at a valuation of $100.8 billion.   The investment by ADIA will translate into a stake of 0.59% in the company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing.   Reliance Retail, which has more than 18,000 stores and competes with Amazon and Walmart's Flipkart, has attracted investments from private equity firm KKR & Co and Qatar Investment Authority (QIA) in recent months.   Reuters had reported last month that Reliance was in advanced talks with global investors to raise around $2.5 billion ahead of a potential stock mark...
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Mutual Funds Investment: Is Redemption Better Than Switching To Another Scheme?
26Sep By adminNo Comments
Business

Mutual Funds Investment: Is Redemption Better Than Switching To Another Scheme?

Curated By: Business DeskLast Updated: September 26, 2023, 19:26 ISTEach mutual fund is suited for particular needs.Transferring funds from one mutual fund scheme to another is known as switching mutual funds. Mutual funds have recently become one of the most popular tools of investment. The investors are putting their money in mutual funds due to higher return and a wide range of options. Just like fixed deposits (FD), there are many mutual funds which also offer a steady return. Each scheme is suited for particular needs. Those, who are new to the mutual fund investments, often get confused over redemption of a mutual fund or to switch to a new scheme.Transferring funds from one mutual fund scheme to another is known as switching mutual funds. Your total investment is just transfe...
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Ex-Indian Cricketer Virender Sehwag Calls Out Investment Firm, Accuses Them Of Fraud
19Sep By adminNo Comments
Business

Ex-Indian Cricketer Virender Sehwag Calls Out Investment Firm, Accuses Them Of Fraud

Curated By: Business DeskLast Updated: September 19, 2023, 18:16 ISTVirender Sehwag has always been in the limelight for his hilarious tweets and controversial opinions.Earlier in February 2022, he tweeted about Pritam Deuskar, the owner of Wealthy Via, and called him a fraud. Investing in the stock market has become quite popular now. Many people are now actively taking part in trading. From young students to homemakers, people are now actively engaging in trading to generate a passive source of income. But it is important to note that, as much as it is beneficial, it also involves a lot of risks. There are times when the market goes down and the money is lost. Apart from that, there have also been various scammers who work as brokers. Even celebrities have lost their money while g...
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Britain to pump $621 million into Tata Steel to decarbonise Welsh plant
15Sep By adminNo Comments
Business

Britain to pump $621 million into Tata Steel to decarbonise Welsh plant

Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country's steel industry but which puts as many as 3,000 jobs at risk. The 1.25 billion pound total funding package for Britain's biggest steel works includes 750 million pounds from Tata to pay for the switch to producing steel from lower-emission electric arc furnaces from coal-powered methods. Britain's government said in a statement its grant, described as one of the largest government support packages in history, would help safeguard 5,000 jobs. Tata Steel currently employs more than 8,000 people, raising the prospect that there will be as many as 3,000 redundancies as the lower-carbon electric furnaces are less ...
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Market Research: Setting eyes on market, IOCL to move into new offices in AP
24Aug By adminNo Comments
Business

Market Research: Setting eyes on market, IOCL to move into new offices in AP

VIJAYAWADA: Setting eyes on increasing the market footprint, Indian Oil Corporation Limited (IOCL) has decided to construct its own building block to handle business in Andhra Pradesh. IOCL executive director and state head B. Anil Kumar laid the foundation stone for the construction of a new building at Tadepalli. The proposed building is being constructed in 2.42 acres with an estimated cost of Rs. 22 crores. “To have our strong base and new business centre in the seventh-largest state, we have decided to move the administrative offices into a new block,” said Anil Kumar. Speaking to the media, Anil Kumar said that IOCL has a long association with AP and is continuously improving its customer service and providing a variety of solutions to suit different segments of customers in all ene...
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SIP mop-up in July topped entire year’s figure for FY14
9Aug By adminNo Comments
Business

SIP mop-up in July topped entire year’s figure for FY14

MUMBAI: What took a year for SIP mop-up a decade ago, now needs just a month. Systematic investment plan contributions crossed the Rs 15,000-crore mark for the first time in July, industry data showed, reports Aseem Gujar. In FY14, MFs collected Rs 14,500 crore through SIPs in the entire fiscal. The steady rise in monthly SIP flows — which crossed the Rs 10,000-crore mark two years ago — comes on the back of retail investors’ growing maturity level and faith in the asset class. The surge points to the growing share of MF investments in household savings. “Investors in small towns are indirectly investing in stock markets through SIPs in MFs,” industry body Amfi’s chief N S Venkatesh said.Moreover, the industry’s assets under management have grown by 25% year-on-year, underscoring mutual f...
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