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Category: Investment

Duo line up investment in Bengal

Loknath Das, , , , ,

Calcutta: Bengal industry and finance minister Amit Mitra has disclosed two upcoming investments in the state – one, a state-owned firm teaming up with an overseas partner and the other with export potential. Shalimar Works, a state government-owned shipbuilding and repair firm is looking to partner with a Bangladeshi firm to form a special purpose vehicle, while IFB Agro, which is known for its liquor and seafood businesses, is setting up a manufacturing unit at Halidia to export shrimps. “Shalimar Works builds civilian vessels for Indian Navy and they have requested…

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Don’t ignore Alternative Investment Funds while building your long term portfolio; here’s why

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

Indian economy is already looking up after crucial and series of difficult reforms have been implemented over the last three years while some are still in the process of getting implemented. In this scenario, Indian investors are betting big on equities, especially when gold and properties are not on the preferred list of assets. In a tectonic shift most investors – Ultra HNI, HNI, and retail – are focusing largely on long-term investments rather than being swayed by short-term scenarios both external and internal. Alternative Investment Funds (AIFs) and Mutual…

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How to earn Rs 50,000 monthly via investing in mutual funds?

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

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. You can earn a regular monthly income just by investing a substantial portion into mutual funds. However this may include the impending tax liability. In a mutual fund query, an investor wanted to know where they should invest to earn Rs 50,000 on a monthly basis, a report by ET Mutual Funds revealed. “I am looking for a monthly income of Rs 50,000. Tell me how to go about it? How much investment is required? Whether one-time…

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Govt approves phasing out of 25-year-old Foreign Investment Promotion Board

Loknath Das, , , , , , , , ,

FDI applications needing govt approval to be handled by the concerned Ministries/Depts The Union Cabinet on Wednesday approved phasing out of the 25-year-old Foreign Investment Promotion Board (FIPB). The FIPB is the inter-ministerial body — or a single window clearance mechanism for applications on foreign direct investment (FDI) in India in sectors under the government approval route. The move to phase out the FIPB is aimed at making India a more attractive FDI destination and increasing FDI inflows by providing greater ease of doing business and promoting the ‘Maximum Governance and Minimum…

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Should You Invest in the Snapchat IPO? Read This First

Loknath Das, , , , , , , , ,

Whether you’re obsessed with keeping your Snapstreaks going or have no idea what that means, you may be itching to invest in this week’s initial public offering of Snap Inc., parent company of the popular Snapchat app. The appeal is understandable. For users of the app, owning shares of a company you use every day (or hour) can seem like a good investment. For nonusers, the urban legends of get-rich-quick IPOs are exciting enough on their own. Of course, not every IPO is a success. And even if Snap gets off…

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SoftBank loses $1.4B investment in Snapdeal, Ola

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

SoftBank cannot possibly need more reasons to push Snapdeal off its portfolio. According to its consolidated financial report for FY 2017, the company has faced a combined loss of $1.4 billion in investments in the online marketplace as well as in cab hailing platform Ola. In February this year, SoftBank had written off $475 million from the same two players – its biggest investments in India. Image credit: Anisha Despite the backing from the likes of Kalaari Capital, Nexus Ventures, Alibaba, and Foxconn, Gurgaon-based Snapdeal has been unable to raise funding…

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