Mirzapur

Data from primemfdatabase.com showed that the AUMs of the other major players HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, and Nippon India Mutual Fund stood at around Rs 4,37,093 crore, Rs 4,34,180 crore, Rs 2,58,416 crore and Rs 2,57,544 crore, respectively, higher by 8.5 per cent, 9.4 per cent, 13.4 per cent, and 16.3 per cent from their respective AUMs in December 2020.

Accordingly, India attracted a total FDI inflow of $22.53 billion in the first three months of 2021-22 (April to June), as compared to $11.84 billion reported during first three months of FY 2020-21. Besides, FDI equity inflow grew by 168 per cent in Q1FY22 at $17.57 billion, compared to the year-ago period at $6.56 billion.

The FDI will also be used for investments to be made in transport and logistics sectors along with downstream investment in the airport sector and aviation related businesses and services. The investment also includes transfer of share of Bangalore International airport Limited to Anchorage, and investment of Rs 950 crore in Anchorage Infrastructure Investment Holding Ltd by 2726247 Ontariao Inc.

Optiemus said that it targets a revenue of nearly Rs 38,000 crore in multiple product segments while ramping up its manpower significantly to reach a figure of around 11,000 in the next three-five years. The strategic alliance will offer a unique proposition in Indian Electronics Manufacturing Services (EMS) market backed by joint product development, engineering capabilities, software and firmware development.

Though China topped the list of countries which invested the most in Nepal, overall FDI kitty has thinned. That apart, now with apprehensions that China could lower its investments in the coming months as Beijing tightened the norms of lending for its banks and local governments, Nepal's dependence on India is set to rise.

The investment is expected to improve access to finance for the small businesses. "Increased financing for climate-friendly projects as well as more financing for small businesses to help accelerate India's economic recovery from Covid-19 are expected in the wake of a $126 million (Rs 916 crore) equity investment in Federal Bank, one of the country's leading private sector banks," an official statement said.

The maximum number of industrial plots have been taken by investors from the Uttar Pradesh State Industrial Development Authority (UPSIDA), in western UP. According to the government spokesman, several new industries are now being set up in ten districts of west UP, namely Noida, Ghaziabad, Meerut, Hapur, Aligarh, Agra, Mathura, Firozabad, Bulandshahr and Saharanpur with permanent employment in these industries.

The last date of filing the forms is now July 15, said an official statement. As per the Income Tax Act, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorised dealer for any foreign remittance.

Finance Minister Nirmala Sitharaman discussed opportunities in India for growth and investment on the back of the reform measures taken by government, during a global investors roundtable organised by the US-India Strategic Partnership Forum (USISPF). The roundtable held through video conference witnessed participation of some of the largest foreign investors.

"Other option for financing infrastructure that is also being explored is the InvIT (Infrastructure Investment Trusts). Government owned Financial Institutions like PFC, REC etc. are setting up InvITs and providing equity capital for new projects. These are all positive developments in the long term financing story of India," said the report authored by Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.