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Velocity Launches Rs 400 Crore Fund to Support D2C Brands
Abhiroop Medhekar, founder and CEO of Velocity, stressed the fact that e-commerce is growing in leaps and bounds: by 2030, India will be the third-largest online market in the world, reaching $325 billion, attracting 500 million shoppers. Velocity's debt financing solutions are specially tailored to give D2C and e-commerce brands the ability to scale up operations, refine inventory management, and put together robust marketing campaigns.
Government Eases FDI Regulations to Facilitate Indian Companies' Global Growth Through Mergers and Acquisitions
Officials said the new rules would strengthen global access for Indian businesses and greatly enhance the ease with which mergers, acquisitions, and other strategic moves can be made for new markets, thereby increasing international footprints. "In pursuance of the Union Budget 2024-25 announcement made by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman to simplify rules and regulations for Foreign Direct Investment and Overseas Investment, as one of the initiatives, the Department of Economic Affairs (DEA), Ministry of Finance, has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, vide notification dated 16.08.2024."
Foxconn's Investments Set to Propel India as a Global Manufacturing Powerhouse: Ashwini Vaishnaw
Taking to social media platform X, Vaishnaw mentioned Foxconn's contribution and said, "As we strive to make Bharat a global manufacturing hub, we feel thankful that Foxconn's Chairman, Young Liu, continues to bring in more and more investment plans."
Zepto Eyes $340 Million Funding at $5 Billion Valuation, Competing with Blinkit
With this funding, the valuation of the firm is likely to increase to $5 billion from its previous valuation of $3.6 billion, a jump of 40%.
India Inc Sets Record with 195 Deals Worth $8.4 Billion in July, Report Reveals
"The strong growth in deal activity reflects growing investor confidence. Record volumes of M&As, driven by significant domestic transactions and a resurgence in cross-border deals, have proved India's strategic position as one of the key growth markets," Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat, said.
Mutual Fund SIP Inflows Hit Record Rs 23,332 Crore; AUM Reaches Rs 64.69 Lakh Crore
SIP investments surged to Rs 23,332 crore, which invigorated the Assets Under Management (AUM) for the mutual fund industry to Rs 64.69 lakh crore in July from Rs 60.89 lakh crore in the previous month.
India's Manufacturing Sector Sees $165 Billion in FDI, Achieving 69% Growth Over a Decade
Replying to a question in the Rajya Sabha, Prasada said that FDI inflows aggregated to $383.5 billion during the last five financial years from 2019-20 to 2023-24, on the back of production-linked incentive, or PLI, schemes.
India Leads Major Economies in Rapid Growth of Intangible Investments
So, here is how the WIPO report on India summarizes the viewpoint: "That, indeed, development towards intangible investment stands at par with some of the advanced economies; its numbers in 2020 are not very far from those of Sweden. Intangible assets include elements of R&D, software, data, design, brand value, reputation, supply chain expertise, and high-level skills; in effect, the assets related to intellectual property in various forms".
Indian Stock Market Shows Robust Resilience and Strong Investment Pipeline: Jefferies
Recent reports indicate that US employers created 114,000 jobs in July, missing the estimate 175,000. However, the jobless rate climbed to 4.3 percent, a near three-year high.
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