Emerging markets investor Actis plans to deploy up to $2.5 billion in India over the next four years as it focuses on sustainable infrastructure investments. Actis sees India as an attractive destination due to its reforms in the power and road sectors. The majority of the investment will be directed towards the energy sector, with a focus on renewable energy and exploring opportunities in areas such as transmission, distribution, and commercial and industrial segments. Actis is also interested in data centers and industrial warehousing.
Shares of Indian Oil Corporation Ltd. rose by 1.42% to Rs 100.38 in Wednesday’s trade as of 12:28PM (IST). The stock has outperformed the market in the past year and technical analysis suggests a positive trend.
Commerce and Industry Minister Piyush Goyal states that Tesla plans to increase its imports of components from India while exploring manufacturing opportunities in the country.
Parent company InCred Holdings has achieved unicorn status with a valuation of over $1 billion. The funding round, which raised Rs 500 crore, included investments from global PE funds, corporate treasuries, family offices, and UHNIs. InCred aims to become a central part of every Indian family’s financial aspirations and plans to list the business in the future. Its loan book has grown to Rs 7,500 crore with a CAGR of 50% over the past three years.
SoftBank Group recorded a $5.2 billion quarterly loss, its fourth consecutive quarter in the red. The loss is attributed to the bankruptcy of WeWork, a risky investment. The founder’s strategy of betting big on start-ups has proven volatile. However, SoftBank remains optimistic about its future profitability and plans to focus on artificial intelligence. Its Vision Fund continues to generate investment profits. Chip designer Arm is expected to drive the company’s value.
The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as a move to curtail China’s influence in South Asia. The funding from International Development Finance Corp. (DFC) is the US government agency’s largest infrastructure investment in Asia. It is aimed at bolstering Sri Lanka’s economic growth and strengthening its regional economic integration with India.
Leading electronics company, Kaynes, has announced its plans to invest Rs 2,850 crore in its chip unit. This substantial investment is expected to boost the company’s presence in the technology sector.
Central Warehousing Corp (CWC) is looking to monetise its assets across India, with an expected investment of over Rs 1500 crore. The move aims to boost the company’s financial position and generate funds for future expansion and development. Read more on the Economic Times.
Real estate portal Housing.com has decided to make a strategic investment in Easiloan, a fintech startup that operates as an online marketplace for home loans. With collaborations with over 20 banks in India, Easiloan offers personalised and end-to-end home loan solutions. The investment details have not been disclosed. This partnership is expected to enhance Housing.com’s offerings in the real estate market.
Bain CEO Manny Maceda praises India as a unique and promising investment destination, highlighting its potential for growth and economic opportunities.
