Investment

67th National Garment Fair 2018 in Mumbai

The Clothing Manufacturers Association of India (CMAI) organized “India’s Largest Apparel Trade Show – The 67th National Garment Fair” from 16th July to 19th July 2018 at Bombay Exhibition Centre, Mumbai. A Memorandum of Understanding between Govt of Gujarat & CMAI was signed to promote Gujarat as a destination for investments. The Fair was inaugurated by Kishore Biyani, CEO of Future Group.

Goldman Sachs names David Solomon as CEO

Goldman Sachs Group Inc named David Solomon as its next chief executive officer. Solomon to succeed CEO Lloyd Blankfein, who was the CEO since June 2006 and will be retiring on 1st October. The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City. Solomon previously worked for Irving Trust and Drexel Burnham.

67th National Garment Fair 2018 in Mumbai

The Clothing Manufacturers Association of India (CMAI) organized “India’s Largest Apparel Trade Show – The 67th National Garment Fair” from 16th July to 19th July 2018 at Bombay Exhibition Centre, Mumbai. A Memorandum of Understanding between Govt of Gujarat & CMAI was signed to promote Gujarat as a destination for investments. The Fair was inaugurated by Kishore Biyani, CEO of Future Group.

India, Bahrain sign pact to boost investment

India and Bahrain signed agreements in the field of healthcare and renewable energy and decided to enhance investments among both countries. The two sides also did an agreement on Exemption from Short Stay Visa for holders of Diplomatic and Official passport. The agreement comes after Sushma Swaraj meets Bahrainain Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa.

IFFCO rolls out portal for farmers

Fertiliser major IFFCO has partnered with Singapore-based technology firm iMandi to start an e-commerce platform for farmers, with an investment of about ?80 crore. An e-commerce app, ‘IFFCO iMandi’, has been introduced and would cater to 5.5 crore farmers already associated with the cooperative. A web portal has also been developed. IFFCO’s managing director is U.S. Awasthi.

Malhotra to head Investment Banking of HSBC

15 : The Hongkong and Shanghai Banking Corporation Limited (HSBC) has appointed Amitabh Malhotra as the Head of Investment Banking for HSBC India. Amitabh will lead the Investment Banking and Equity Capital Markets business. Prior to HSBC, Amitabh worked at Rothschild India, where he was the co-head and managing director of the Global Investment Bank, based in Mumbai.

Australia releases India economic strategy

The Australian govt has released an India Economic strategy report recommending to lift India into its top three export markets. The strategy prioritizes economic and trade opportunities in India covering 10 sectors such as health, energy, infrastructure etc. This would also boost Australia’s investment in India to $100 billion. The Author of this report is Australia’s PM Malcolm Turnbull

‘CITIIS’ Challenge Announced by MoHUA

The Ministry of Housing and Urban Affairs (MoHUA) announced a new ‘Cities Investment To Innovate, Integrate and Sustain’ (CITIIS) challenge to identify top projects in 15 of the 100 selected smart cities. The projects will receive an additional funding of approximately ?80 crore each. The new funding will be financed by a €100 million loan from the French government.

Oil prices: Main risk to Indian economy

According to MOODY’s survey Oil prices, Pace of Banks’ balance sheet clean-up and investment are the main risks to the Indian economy. These issues were raised at MOODY’s 4th annual India credit conference held at Mumbai and Singapore in June 2018. Banks have not been able to raise capital from equity market as planned under government’s recapitalization mesurer.

UP Government announced new policy

UP Government announced a new Defence Manufacturing Policy, called ‘UP Defence Aerospace Unit and Employment Generating Policy, 2018’. The policy is for the entrepreneurs who are willing to invest and would project an investment of ` 50,000 crores for upcoming 5 years. The policy is also expected to generate 2.5 lakh jobs