investment Archives - Page 3 of 23

Digital media to garner 65% of ad investment in India this year: GroupM

February 10, 2020February 10, 2020 Loknath Das65%, Ad, Digital, garner, In, India, investment, Media, of, This, to, Year

Print still relevant to advertisers wanting to build credible brands Advertising investment in India is set to soar to ₹91,641 crore this year, representing an estimated growth of 10.7 per cent for 2020, according to GroupM, the media investment group of WPP, in its advertising expenditure (adex) forecasts for 2020. Even with an overall slowdown in the global economy, Indian media spends are expected to be between low to moderate in H1, with robust growth anticipated in H2 2020. India is the eight-largest market globally and is the largest contributor to…

Investment Cell to provide information on tax policies, incentive schemes to entrepreneurs

February 4, 2020February 4, 2020 Loknath Dascell, incentive, information, investment, On, policies, provide, schemes, Tax, to

NEW DELHI: The proposed Investment Clearance Cell in the Budget will link all central government ministries and state departments to provide information on land banks, incentive schemes and taxation policies to entrepreneurs, a top government official said. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said the cell will help an entrepreneur to take a well informed decision to set up manufacturing facility in the country. “The idea is to bring all central government ministries and state governments linked to it physically as well as through IT,” he told…

Altria stock craters after $4.1 billion hit from Juul investment, blames growing legal risk

January 31, 2020January 31, 2020 Loknath Das$4.1, After, Altria, Billion, Blames, craters, From, Growing, Hit, investment, Juul, Legal, Stock

Altria stock cratered as much as 7% Thursday after the tobacco company posted a fourth-quarter loss and took a $4.1 billion hit on its investment in e-cigarette company Juul, which faces mounting litigation and scrutiny over a surge in teen vaping. The Richmond, Virginia-based Marlboro maker said the impairment charge was due to the increased number of legal cases against Juul and the expectation that litigation will grow. Since the end of October, there has been an 80% increase in the number of legal cases pending against Juul, Altria said. Its…

Madhya Pradesh claims major investment after CM’s Davos visit, BJP dubs it lip service

January 25, 2020January 25, 2020 Loknath DasAfter, BJP, Claims, CM’s, Davos, dubs, investment, It, Lip, Madhya, major, Pradesh, visit

Madhya Pradesh Chief Minister Kamal Nath during the Davos World Economic Forum State Session on Wednesday.(ANI) The Congress government in Madhya Pradesh has claimed it is expecting an investment of more than Rs 4000 crore after chief minister Kamal Nath’s meeting with some of the corporate leaders from around the world during his ongoing visit to Davos. A government spokesperson said Kamal Nath met various leading industrialists, including the chairperson of MKS Company Marwan Shakarchi and president and chief executive officer of Novo Nordisk, Lars Fruergaard Jorgensen, and several others…

China’s tech services are a top investment pick amid decoupling with the US, says CITIC Capital CEO

January 22, 2020January 22, 2020 Loknath Dasa, Amid, Are, Capital, China's, CITIC, decoupling, investment, pick, Says, Services, Tech, The, Top, US, With

Consumption, healthcare and technology are three sector picks for investing in China, said CITIC Capital’s top executive on Tuesday. “For us, the top priority … is still on consumption, because it’s still growing at a higher rate than GDP growth,” said Zhang Yichen, chairman and CEO at CITIC Capital, the flagship investment arm of Chinese state-owned conglomerate CITIC Group. China’s GDP growth was 6.1%, down from 6.6% in 2018 as the economy took a hit from its bitter trade war with the U.S. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Zhang said health care is…

Investment in equity mutual funds drops 41% to Rs 75,000 crore in 2019

January 20, 2020January 20, 2020 Loknath Das000, 41, 75, Crore, Drops, equity, Funds, In, investment, Mutual, Rs., to

Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41% from the preceding year, mainly hit by extreme market volatility amid slowing economic growth. Experts, however, are of the view that equity schemes will attract investor interest this year as the market is expected to perform well. “While volatility in the market may continue for some more time going forward, we believe investors will want to benefit from this volatility and use it to create and growth their wealth. As we…