You are here

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

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…

Read More

Mapletree to invest in logistics assets in India

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…

Read More

Facebook to Invest $1 Billion in First Asian Data Centre in Singapore

HIGHLIGHTS The data centre is slated to open in 2022 Facebook’s facility will be located in the west of the island Data centre isn’t country specific to where users are located: Facebook Facebook said on Thursday it will invest more than $1 billion (roughly Rs. 7,100 crores) to build its first data centre in Asia in Singapore, slated to open in 2022. Facebook’s facility will be located in the west of the island, near where Google is expanding its Singapore data centres in an $850 million (roughly Rs. 61,000 crores) investment as mobile…

Read More

Want to invest in ‘value’ stocks like Buffett? Look at these funds

Value investing is a strategy to spot stocks trading below their intrinsic values. The domestic equity market is going through a rough patch this year amid subdued macroeconomic triggers. Rising crude oil prices, slower-than-expected earnings growth, trade war concerns and a falling rupee have dragged midcaps and smallcaps down by up to 15 per cent so far in 2018. Voices are still echoing in the market that the risk-reward ratio in second-rung stocks is still not in favour of investors despite the recent correction. New investors who have entered the market in…

Read More

Looking to invest in mutual funds? Here’s how to get your KYC done

Complying with the Know Your Customer or KYC norms is mandatory for every mutual fund’s investor. It is important for an investor to submit their identity details to the mutual fund houses. AMC’s are required to formulate rules and implement a customer identification program in accordance with the Prevention of Money laundering Act, 2002 (PMLA). These rules and regulation gets updated and is issued by SEBI from time to time. The KYC process is free for the investors. What are all documents required? Firstly, you need to get a KYC…

Read More