Asheesh Mohta, a prominent figure in the real estate industry, cautions against exiting Embassy REIT in the current market conditions. With the global real estate market facing uncertainties due to the pandemic, Mohta advises investors to hold onto their investment instead. Find out more about his insights.
Apollo Micro Systems Ltd (AMSL) is planning to set up a defence equipment manufacturing facility in Telangana at an investment of Rs 150 crore. The proposed facility will come up on an area of 3 lakh sq ft at its facility in Hyderabad, AMSL said in a statement on Monday. The company said it is planning to complete the project in nine months.
Renowned investor Vijay Kedia shares his insights on why he has made the decision to invest in Atul Auto once again
PI Industries and 7 other stocks have recently crossed above their 200 DMA, indicating a positive breakout in the stock market.
Bernstein, a financial management firm, has warned that the ongoing standoff between Canada and India could have detrimental effects on investments in renewable projects in India.
A study of 20-year data dissecting the performance of Dalal Street’s biggest multibaggers shows that most stocks that compounded by a minimum of 25% during the period hail from traditional manufacturing companies. Topping the list is PI Industries, whose stock has compounded at a gravity-defying CAGR of 55% to 6,485 times.
Oracle Corp has agreed to prepay $104.1 million for processor chips made by startup Ampere Computing. Oracle also invested $400 million in Ampere through a convertible note in its fiscal 2023, according to its proxy statement. The investment aims to give Oracle’s cloud an advantage over rivals, such as Amazon.com and Google.
Saudi Arabia has announced its intention to consider establishing an office of its sovereign wealth fund in GIFT City, India, to facilitate investments. Saudi investment minister, Khalid A. Al Falih, stated that a strong delegation will be sent to GIFT City in the coming weeks to explore this opportunity. The minister also expressed interest in bidirectional investment facilitation between Saudi Arabia and India.
India remains the top choice for Chinese businesses looking for investment opportunities, although it falls to 11th place overall due to geopolitical risks and strained bilateral relations. Singapore is considered the most attractive destination for Chinese companies to invest in, followed by Indonesia.
Prime Minister Narendra Modi met with British Prime Minister Rishi Sunak at the G20 Summit in New Delhi to discuss ways to deepen trade linkages and boost investment. Modi also held a bilateral meeting with the Japanese Prime Minister Fumio Kishida. Read more for details.
