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Tag: Investment

Odisha To Bring Policy To Attract Investment In Sports Sector
Odisha To Bring Policy To Attract Investment In Sports Sector

Leading the sports ecosystem in the country, Odisha has hosted several international sporting events including Asian athletics championships 2017, men's hockey world cup 2018 and the ongoing hockey men's junior world cup 2021.

Google To Invest Rs 75,000 Crore To Boost Digitisation In India

New Delhi: Google CEO Sundar Pichai on Monday announced a Google for India digitisation fund through which, the company will invest Rs 75,000 crore or approximately $10 billion over the next five to seven years to help India go digital. “We will do this through a mix of equity investment, partnerships and an operational infrastructure […]

Donald Trump
US President Donald Trump confirms pulling out US pension fund from China investments

Washington: US President Donald Trump has confirmed that his administration has asked for the withdrawal of billions of dollars in American pension fund investments in China and that other similar actions are under consideration. The US and China relations have deteriorated after the coronavirus outbreak. The US has expressed disappointment over Beijing’s handling of the […]

OYO's Valuation Continues To Soar Despite Losses

New Delhi: Hospitality unicorn OYO’s valuation has almost doubled in a year, reaching $10 billion between September 2018 and October 2019, despite significant losses in the financial year ending on March 31. The losses have reportedly mounted due to the rise in operating expenses fuelled by the company’s aggressive expansion in overseas markets. The provisional […]

PE Funds invest $26.3 bn in India during 2018: Report

Mumbai: Private equity funds in India invested $26.3 billion across 793 deals during 2018, a report said on Tuesday. According to Bain & Company’s ‘2019 India Private Equity Report’, consumer tech and banking, financial services and insurance (BFSI) remained the largest industry sectors for investment by value. “While consumer tech investment was still large at $7 […]

Sensex ends above the 39k mark, up 490 points

Mumbai: Sensex ended above the psychological mark of 39,000 after it gained sharply during the end of the trade session on Wednesday, closing with a 489 points gain. Except for the auto company stocks, all the other stocks, led by oil and gas, closed higher. The benchmark Sensex finished 489.80 points or 1.27 per cent […]

Google to invest $13 bn in the US this year

San Francisco: Google will invest $13 billion in building new data centres and offices in over a dozen states in the US in 2019, the company’s CEO Sundar Pichai has said. In a blog post late on Wednesday, Pichai said the investment would create tens of thousands of new jobs. “Last year, we hired more […]

Make in Odisha: Since 2016, only 3 companies have commenced operation

Bhubaneswar: Only three companies have so far have commenced production since the first Make in Odisha conclave held two years back. According to the State government, as many as 124 industries gave proposals during the event held in 2016 out of which foundation stones have been laid only for 64. Interestingly, 15 out of these […]

IOC to invest over Rs 37,000 cr in TN

Chennai: Energy major Indian Oil Corporation (IOC) will be investing about Rs 7,112 crore in infrastructure facilities in Tamil Nadu over the next three years, said a senior official. At the IOC group level — IOC and group company Chennai Petroleum Corporation Ltd — will be investing about Rs 37,112 crore in Tamil Nadu. “The investments […]

Respond, don't trash my letters: Dharmendra to CM Naveen

Bhubaneswar: Union Minister Dharmendra Pradhan today shot off a letter to Odisha Chief Minister Naveen Patnaik alleging non-cooperation of the State in matters relating to food processing and investment. Pradhan also sought a personal meeting with the CM at his office to discuss various investment opportunities for the State. Expressing his anguish on the CMO […]

Odisha approves five investment proposals of Rs 1,508 cr

Bhubaneswar: The Odisha government on Wednesday approved five investment proposals worth Rs 1,508 crore which will create employment opportunities for 2,155 people. The proposals were approved at the 78th meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Aditya Prasad Padhi. The SLSWCA accorded approval to IOCL to set up […]

Govt policy proposes Rs 6.6 lakh cr investment, 40 lakh jobs, 50 mbps broadband speed

New Delhi: With the promise of rationalising levies including spectrum charges to rejuvenate the debt-ridden telecom sector, the draft new telecom policy proposes broadband access for all with 50 mbps speed, 5G services and 40 lakh new jobs in the sector by 2022. The draft policy branded as National Digital Communications Policy 2018 was unveiled […]

Infosys invests additional $1.5 mn in US data firm

Bengaluru: Global software major Infosys Ltd on Thursday said it made a follow-on investment of $1.5 million (Rs.9.75 crore) in Waterline Data Science, a US-based data discovery and data governance software firm. “The follow-on investment of $1.5 million has been made in cash through the Infosys Innovation Fund,” said the IT major in a regulatory […]

Cabinet approves 100% FDI in retail, construction

New Delhi: In major changes liberalising foreign direct investment in key sectors, the Union Cabinet on Wednesday approved 100 per cent foreign investment in single brand retail trading (SBRT) and construction development and decided to open up Air India for FDI up to 49 per cent. Besides, the government also decided that foreign institution investors and […]

Odisha to woo investors in metro cities

Bhubaneswar: The Odisha government has decided to organise investor reach-out activities at all major metropolitan cities, including Delhi, Kolkata, Hyderabad and Mumbai to highlight business opportunities in the state and drum up support for the second edition of the Make-In-Odisha Conclave. Chief secretary A P Padhi, who presided over a meeting of the Oversight Committee, […]

Odisha invites investment in downstream aluminium sector

Bhubaneswar: With aim to promote investments in downstream aluminium sector, the State government on Monday held talks with over 70 Indian companies and invited them to invest in downstream ecosystem. The Industries Department organised the event here in association with the Confederation of Indian Industry and highlighted the advantages of investing in Angul Aluminium Park, […]

Odisha pitches friendly policies to woo Japanese investors

New Delhi: The Odisha government today sought to hardsell business opportunities in the mineral-rich state to Japanese investors, citing its investment-friendly policies and other incentives on offer. A delegation led by state Industries Minister Niranjan Pujari and Principal Secretary, Industries Department, Sanjeev Chopra called on officials of Japanese companies operating in the country, an official statement […]

India, Japan sign $76 mn loan deal

New Delhi:  India on Friday signed a loan deal worth $76 million with Japan International Cooperation Agency (JICA) for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards in Gujarat, an official statement said. The total cost of the project will be $111 million, out of which $76 million will be […]

Odisha Govt gives approval for investment of Rs 26,000 crore

Bhubaneswar: Odisha government has accorded in-principle approval for investment of Rs 26,000 crore which will provide employment opportunities to 17,500 people, official sources said. While the State Level Single Window Clearance Committee headed by Chief Secretary A P Padhi today accorded approval for 14 different projects worth investment of Rs 25,474 crore, the same committee […]

Odisha receives 28 project proposals after Make in Odisha conclave

Bhubaneswar: The Odisha government has received 28 proposals involving investment of Rs 18,434 crore after the ‘Make in Odisha’ Conclave held here in 2016, Industries Minister Debi Prasad Mishra said on Thursday. The projects will generate 27,565 jobs, he informed the state assembly. Of the investments, 11 projects worth Rs 2,214.44 crore have been approved […]

2017 a year of challenges for Odisha govt

Bhubaneswar:  After managing to come out of the cobweb of confrontations and controversies in 2016, the Odisha government will set its feet on its fourth year of its fourth term in 2017. But some of the challenges it had encountered last year will chase like a shadow in 2017. Out of the major challenges the […]

Dalmia Cement unveils Rs 2000cr investment plan in Odisha

Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited has aggressive plans to ramp up its cement production capacity which currently stands at 25 million tonne per annum (mtpa). For this the company, which participated in the ongoing ‘Make In Odisha’ conclave has planned to invest Rs 2000 crore in Odisha in the […]

Make In Odisha: Of 1 lakh acre land bank target, State readies with 36k acre!

Bhubaneswar: Though the State government is planning to cash in on the much awaited ‘Make In Odisha’ conclave scheduled to begin here from Wednesday, to prominently place the State in the industrial belt of the country, it is able to create about 36,000 acre of land bank, of the one lakh acre land it had […]

‘Make in Odisha’ road show organized in Delhi

New Delhi: In a bid to promote the Make in Odisha conclave in Bhubaneswar, the State government organized a road show in New Delhi today. Odisha Industries minister Debi Prasad Mishra took part in the road show along with Secretary of the Industries Department, Sanjeev Chopra. The road show is an endeavour of the State […]

Odisha seeks investments in five major sectors

Kolkata: Odisha on Thursday sought investments in five major sectors including tourism and food processing and said its Vision 2025 aims at roping in business projects worth Rs 2.5 lakh crore providing direct and indirect employment for 30 lakh people. Describing Odisha as the future manufacturing hub of eastern India, Minister of Industries Debi Prashad […]