Rs. Archives - Page 3 of 10

Godrej Appliances lines up Rs 500 crore investment

March 6, 2019 Loknath Das500, Appliances:, Crore, Godrej, investment, lines, Rs., Up

KOLKATA: India’s largest home grown white goods maker, Godrej Appliances plans to invest Rs 500 crore over the next three years to expand capacity and set up a new plant in Pune in a move aimed at completely localising its production process right till the component level. The company’s business head Kamal Nandi said the proposed investment will be to start local manufacturing of front-load washing machines, hi-end frost free refrigerators and air-conditioners, and their components which are currently largely imported. Godrej Appliances last investment was three years back to…

‘Investment in 8-10 stocks should be good enough if your budget is between Rs 2-5 lakh’

February 9, 2019 Loknath Das$2.5, 8-10, be, between, Budget, Enough, Good, if, In, investment, Is, Lakh, Rs., Should, stocks, Your

For most people, financial decisions pertaining to investing, buying insurance or taking loans are erratic, rather than an informed and planned process. This means that they have innumerable stocks and dozens of mutual funds without taking into consideration, the impact on their financial goals. In this article, I am going to highlight some of the asset classes to help you determine the optimum mix and how much is too much per investment instrument. Mutual Funds: Most of the people are often confused as to how they should segregate their funds.…

Investment in 17 entities under shipping ministry hiked to Rs 5,778 crore for FY’20

February 3, 2019 Loknath Das17, 5%;, 778, Crore, entities, for, FY'20, hiked, In, investment, Ministry, Rs., Shipping, to, Under

The government has increased the proposed investment in 17 enterprises under the shipping ministry to Rs 5,778 crore for 2019-20 in order to boost the ‘blue economy’. The estimated investment in these enterprises that include 12 major ports is Rs 5,548.12 crore in 2018-19, according to the revised numbers in the recent budget document. The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19. Aspiring to be a $10 trillion economy in the next eight years, the government plans to harness India’s long 7,500-km coastline…

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

December 14, 2018 Loknath Das000, 4), Crores, for, In, India, Invest, Mobile, New, Phone, Plant, Rs., to, Vivo

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…

Samar Lifestyle eyes Rs 350 Cr turnover from Florsheim biz

October 29, 2018 Loknath Das350, biz, Cr, Eyes, Florsheim, From, lifestyle, Rs., Samar, turnover

Samar Lifestyle, which will sell the Florsheim brand of shoes in India, is eyeing a Rs 350 crore turnover by 2022 through multi brand outlets and Exclusive Brand Outlets, a top company official said. The agreement between the company, part of the Sara Futura Group and Weyco Group to sell the brand, was formalised between Sara Group Managing Director Kayum Dhanani and Weyco Group CEO Tom Florsheim Jr in January 2018. “Our idea is the licensing and retailing business.We want to sell around half a million pair of shoes in…

U’Khand receives investment proposals worth Rs 75K cr ahead of investors summit: Trivendra Rawat

October 6, 2018 Loknath Das75K, Ahead, Cr, investment, Investors, of, proposals, Rawat, receives, Rs., summit:, Trivendra, U'Khand, Worth

Uttarakhand has already received investment commitments worth over Rs 75,000 crore as the state prepares to host its maiden investors’ meet on October 7-8, its Chief Minister Trivendra Singh Rawat said. The summit ‘Destination Uttarakhand: Investors Summit 2018’ will be inaugurated by Prime Minister Narendra Modi. “Against a target of Rs 40,000 crore, we have been able to lure investments worth over Rs 75,000 crore to the state which is a record in itself,” Uttarakhand Chief Minister Trivendra Singh Rawat told reporters. Out of a total of Rs 75,000 crore…