SoftBank offers up to $40b investment for Indonesia’s new capital

Indonesia’s coordinating minister for maritime affairs and investments Luhut Pandjaitan said that Japanese conglomerate SoftBank would likely invest US$30 billion to US$40 billion for the development of Indonesia’s new capital city in East Kalimantan province, the Indonesian part of Borneo island, according to Bloomberg. The statement followed SoftBank CEO Masayoshi Son’s visit in Jakarta last week to meet President Joko Widodo. During the encounter that was also attended by Grab’s CEO and co-founder Anthony Tan, Son expressed his interest to fund “the new Jakarta.” Pandjaitan said the president will announce his…

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Growth pangs vs investment: 4 factors that are likely to chart market direction in 2020

Karthikraj Lakshmanan We see that the earnings growth is likely to be more in the mid-teens for the Nifty50 index. Considering the growth slowdown, market leaders with healthy balance sheets and good free cash flow generation at the broader market level are better positioned to grow faster than the industry and the economy. Earnings growth is more likely to pick-up towards the second half of 2020 as one sees the fruit of the recent steps taken by the Government and how some of the strategic divestments pan out to provide…

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How to become rich: Top 10 investment options for New Year that can make you rich

If you wish to become rich, make a plane, and start investing early. All of us wonder how we can make money without much effort. However, only a few follow the winding path towards becoming rich. To become rich, a person needs to have a good financial plan and also learn how to invest. Once you learn the art and science behind making idle money work for you, you will have a better chance at becoming rich effortlessly. Needless to say, one can become financially stable if they inculcate the habit…

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Govt plans to increase overseas investment limit in insurance to 74%

With an aim to attract long-term investment from overseas, the Indian government is planning to increase the Foreign Direct Investment (FDI) limit for insurance firms to 74% from the current 49% in the upcoming Union Budget. The Insurance Regulatory and Development Authority of India (IRDAI) is seeking inputs from the industry on government instructions and a report is expected to be submitted soon, said an ET report quoting a source aware of the development. On December 2, IRDAI in a letter to insurance firms had sought the opinion of stakeholders to increase…

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The pros and cons of keto cycling, according to health and medical experts

Fans of the high fat, low-carb keto diet praise its appetite-crushing benefit, which is why keto dieting is so popular for weight loss. But since we don’t live in a keto-friendly world, the call of carb-rich fare — from healthy options, like fruit, yogurt and oatmeal to less healthy foods, like pizza, French fries and dessert — can make it hard to stick with the keto diet. Even if you’re not craving carbs, a normal social activity, like dinner at a friend’s house, can pose problems. Enter keto cycling. In this fairly new approach, you cycle on and…

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EXCLUSIVE: LIC’s equity investment in FY20 likely to reach above Rs 70,000 cr, an all-time high

Life Insurance Corporation of India (LIC) is likely to end FY20 with an all-time high equity investment (gross) of around up to 72,000 crore, an all-time high, sources said. In FY19, LIC invested around Rs 68,620 crore into the equity market. “We have already crossed Rs 33,000 crore and the second half of the year is expected to be robust considering the new business premiums have also seen a high growth,” said an official. While the year-on-year (YoY) growth will be 3.5 percent, LIC’s equity investments hold significance because it is…

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