Tag: investment
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India, Russia set two-way investment target of $50 bn
Moscow : India and Russia have set a new two-way investment target of $50 billion by 2025 following a meeting between Indian External Affairs Minister Sushma Swaraj and Russian Deputy Prime Minister Yury Borisov here on Friday during which bilateral cooperation across various sectors was reviewed. Addressing the media after co-chairing with Borisov the 23rd…
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For big budget assets, first invest rather than pay EMIs later (Personal Finance Tips)
By Rahul Agarwal, In this age of instant gratification — especially among the young and salaried (Gen Y) individuals — buying a big budget item is almost hassle-free. They can easily be bought with little to no down payment and banks and other financial firms line up with attractive offers and EMIs that are sometimes…
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Anti-money laundering pact with Cyprus to boost investment cross-flows: Kovind
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Nicosia : An anti-money laundering memorandum of understanding (MoU) signed between India and Cyprus will help boost investment cross-flows between the two countries, President Ram Nath Kovind said here on Monday. “We welcome the signing of the MoU between Financial Intelligence Unit, India, and the Unit for Combating Money Laundering of Cyprus,” Kovind said while…
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Egypt to channel $15.4 bln for Sinai development
Cairo: Egypt plans to allocate $15.4 billion to carry out investment projects in the restive Sinai Peninsula, the country’s planning minister said Tuesday. “There is a high priority for development of the Sinai Peninsula and Upper Egypt,” Hala al-Saeed said in a statement. Al-Saeed said fish farms are planned to be established in Sinai, as…
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China dominates Europe’s wind market: IEEFA
New Delhi : China’s investment in foreign wind-powered electricity markets has surpassed $12 billion in Europe and Australia alone as private and state-owned Chinese companies move aggressively to capitalise on fast-growing renewable energy markets, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday. Most of the wind investment activity has been in…
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Exide to invest Rs 550 cr for two projects in Bengal
Haldia : Exide Industries, which is aspiring to supply batteries for bullet trains, will invest over Rs 550 crore for setting up a battery recycling plant and expand its existing facility here to manufacture Nickel-Cadmium batteries, an official said on Tuesday. “The expansion project will mainly produce high-end Nickel-Cadmium batteries in technical collaboration with Furukawa…
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Not threatened by growing US investment in Asia: China
Beijing : China on Tuesday said it is not threatened by growing American investments in infrastructure and other sectors of the Asian economy. US Secretary of State Mike Pompeo had announced on Monday that Washington would be investing $113 million in energy, technology and infrastructural initiatives in Asia, to possibly counteract growing Chinese influence in…
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Modi praises Yogi for speedy conversion of intent to investment
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Lucknow : Prime Minister Narendra Modi, who on Sunday laid the foundation stones of 81 projects worth Rs 60,000 crore whose MoUs were signed in February this year at the UP Investors summit, lauded the state government and Chief Minister Yogi Adityanath for making this happen in a period of less than five months. “I…
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Orient Cement plans to invest Rs 2,000 cr for expansion in Telangana
Hyderabad : Orient Cement Ltd, a part of C.K. Birla Group, plans to invest Rs 2,000 crore to expand the capacity of its plant in Telangana, the state government said on Saturday. The company will expand the capacity of its factory at Devapur in Mancherial district from current 3.05 million tonnes to 7.5 million tonnes…