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Author: Loknath Das

Adani Group moves Bombay HC seeking to stop investment into GVK Airport Holdings

Loknath Das, , , , , , , , , , ,

According to GVK’s counsel, a deposit of around Rs 1,254 crore was made into an escrow account on October 29. The Adani Group on Tuesday moved the Bombay High Court (HC) seeking to restrain the GVK Group from completing an investment transaction of GVK Airport Holdings, the holding company of Mumbai International Airport (MIAL), without first giving a notice on right-of-first-refusal (RoFR) to Bid Services Division (Mauritius), which holds 13.5% in the airport. The move follows GVK’s announcement last week that a subsidiary of National Infrastructure Investment Fund (NIIF), Abu…

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5 Investment Ideas For Those Looking To Invest Rs 1-5 Lakhs

Loknath Das, , , , , , , , ,

If you are looking to invest Rs 1-5 lakhs, you should look at investments that are safe and yield good returns. If you are looking at a longer term tenure of 3-5 years, there are many instruments. Here are a few that you could consider: Fixed Deposits of Bajaj Finance The fixed deposits of Bajaj Finance are not a bad bet, if you are looking at a medium term tenure of 3-4 years. A 36-month deposit offers an interest rate of 8.35 per cent, which is not bad at all.…

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Germany’s Merkel pledges 1 billion euros investment in India on eco-friendly urban mobility

Loknath Das

German Chancellor Angela Merkel on Saturday pledged to invest 1 billion euros over the next five years on environmentally-friendly urban mobility in India. Merkel, whose visit to the country coincided with one of the worst spells of air pollution in Delhi/NCR, also emphasised on the need to replace diesel-run public transport with electric vehicles. “We have agreed to co-operate on climate protection and green urban mobility and have earmarked 1 billion euros towards this,” Merkel said at an event here. Germany would also put in 200 million euros to reform…

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Hyundai-Kia’s $300 Mn investment in Ola finally receives CCI nod

Loknath Das, , , , , , , ,

Hyundai and Kia Motors’ $300 million investment plan in ride-hailing juggernaut Ola has finally received a green signal from the Competition Commission of India (CCI). The antitrust watchdog has approved the acquisition of shares in Ola’s parent entity, ANI Technologies & Ola Electric by Hyundai Motor and its affiliate Kia Motors subjected to compliance of modifications. With the collaboration, most of the new investment will be infused into ANI Technologies. Furthermore, Hyundai and Kia will take a minority stake in Ola Electric. This investment round may also witness participation from Microsoft and…

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SC panel declares public health emergency in Delhi-NCR, bans construction till Nov 5

Loknath Das, , , , , , , , , , ,

A Supreme Court mandated panel on Friday declared a public health emergency in the Delhi-NCR region and banned construction activity till November 5. As pollution level in the region entered the “severe plus” category, the Environment Pollution (Prevention and Control) Authority also banned the bursting of crackers during the winter season. The air quality in Delhi-NCR deteriorated further Thursday night and is now at the severe plus level, EPCA chairperson Bhure Lal said in a letter to the chief secretaries of Uttar Pradesh, Haryana and Delhi. “We have to take…

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CCI clears Advent International investment in Aditya Birla Capital

Loknath Das, , , , , , ,

NEW DELHI : The Competition Commission of India (CCI) has approved indirect acquisition of 4.15% stake in Aditya Birla Capital Ltd. by private equity firm Advent International Corp., said an official release. The investment is being made by Jomei Investments Limited (JIL) which is wholly-owned by a fund managed by Advent International Corp. CCI did not specify the amount of investment coming into Aditya Birla Capital, but the company had said in September that its board had approved mobilising Rs2,100 crore investments including Rs1,000 crore of equity investments from Jomei Investments Ltd, an affiliate…

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