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Vivo to Invest Rs. 4,000 Crores for New Mobile Phone Plant in India

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

Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs. 4,000 crore for over a period of four years towards opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion. The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo’s manufacturing capabilities and support its continued growth in the country, the company said in a statement. The Rs. 4,000-crore investment, which does not include the cost of…

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Mapletree to invest in logistics assets in India

Loknath Das, , , , , ,

The firm has appointed Souvik Mukherjee to head logistics development in the country. Photo: Bloomberg Bengaluru: In its second innings in India, Singapore-based real estate asset manager Mapletree Investment Pte. Ltd is gearing up to invest in the logistics space, apart from core office assets, said three people familiar with the plans. Logistics development is a strategic call for Mapletree, which is looking at creating a long-term investment and development portfolio across key cities. The firm has appointed Souvik Mukherjee to head logistics development in the country and for office…

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Days After Bulandshahr Violence, Yogi Adityanath Meets PM Modi In Delhi

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

Two, including a cop, were killed in Bulandshahr on Monday in a mob violence allegedly over cow slaughter New Delhi: Days after the Bulandshahr violence that led to the killing of two, including one policeman, Uttar Pradesh Chief Minister Yogi Adityanath met Prime Minister Narendra Modi at his official home in New Delhi on Thursday. Even though what transpired between them was not officially communicated, sources in the Bharatiya Janata Party (BJP) said the Chief Minister invited PM Modi for the “Ardh-Kumbh” to be held in Allahabad next month. Sources also…

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Lance Armstrong says his investment in Uber ‘saved our family’

Loknath Das, , , , , , , , ,

Lance Armstrong on escaping a $100 million lawsuit and Uber   19 Hours Ago | 04:11 After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber. “It’s saved our family,” Armstrong told CNBC’s Andrew Sorkin in an interview aired on Thursday. In 2009, the former pro cyclist invested $100,000 in Chris Sacca’s nascent venture capital firm, Lowercase Capital. Armstrong said the bulk of the money went to Uber, which at the time was…

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Here’s why you should choose SIP over lump sum when investing in ELSS

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

Archit Gupta ELSS funds are an efficient instrument to save tax and build wealth at the same time. ELSS is an equity mutual fund which allocates most of your invested capital in stocks of companies across industries and sizes. These funds come with a lock-in period of three years. It means you cannot redeem your fund units for three years from the date of allotment. It is one of the investment avenues available under Section 80C of the Income Tax Act which qualifies for availing a tax exemption of up…

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The 10 Things You Should Cover in Every Investment Pitch (Infographic)

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

If you’ve ever watched Entrepreneur’s original series, Elevator Pitch, then you’ve probably seen smart founders make dumb mistakes while pitching their ideas to potential investors. They might flub an answer or get tongue-tied, or they might just be a little boring. Other times, you might notice that something seemed off about a pitch, but you can’t quite put your finger on why. Investors are gambling every time they put money into a new project or idea. Your job when pitching is to prove to them that you’re worth the risk.…

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