The finance ministry official said PIF is still going ahead with investments in domestic mega-projects under Crown Prince Mohammed bin Salman’s diversification drive, including the $500 billion NEOM economic zone, the Red Sea tourism project, and Qiddiya, an entertainment development that will include a Six Flags theme park. … [Read more...] about Saudi Arabia’s PIF gets $40 billion from foreign reserves to fund overseas investments
Tepco overseas investment
Though the Koodamkulam protests fizzled out after holding out for long, they have since been followed by others, where similar concerns have been flagged and popular support enlisted. This includes petroleum-extraction projects at Neduvasal in the Cauvery delta and the Salem-Chennai, eight-lane greenway, connecting the chief minister’s native district to the state capital after the existing six-lane highway. … [Read more...] about TN’s EPS woos investments amid Covid, but is the environment friendly?
Bihar’s minister of industries Shyam Rajak on Friday wrote letters to 24 companies, including Hindustan Foods Ltd and Nestle India Ltd, requesting them to invest in the state In his letter, Rajak highlighted the state as a vast domestic market where most of the manufactured items come from outside and hence incur a huge arbitrage in transport costs. Referring to Bihar as a “central location in eastern India”, Rajak said the state's location midway between UP and Bengal makes it suitable as a manufacturing base for markets in eastern UP, Bengal, Jharkhand, Odisha and the Northeast. He has also pointed out that there is proper availability of power in both – rural and urban areas - of the state. Rice exporters KRBL Ltd and Chamanlal Setia Ltd, Tasty Bite and Eatables Ltd, Parag Milk Food Ltd, GRM Overseas Ltd, Relaxo Footwear Ltd, Khadim India Ltd and Jain Irrigation System Ltd were among the other companies to which Rajak sent his invitation. He mentioned … [Read more...] about Bihar’s industries minister writes to 24 companies inviting them to invest
Acting on behalf of the vendors Jeanette and Neil McMillan, Roger Sinclair and Ross Williams, Sally Sisson from farm and forestry investment company Roger Dickie said she would not reveal much about the countess and her family, except to say they were "nice people". … [Read more...] about Austrian countess Veronika Leeb-Goess-Saurau buys Hawke’s Bay property for $2.2m
"While FPIs may remain cautiously optimistic on what the government will deliver in a second term, neglected cyclical segments from banks to capital goods to infrastructure-related plays may see increased interest from institutional investors," Bala added. … [Read more...] about FPIs pull out Rs 4,375 crore in May so far