Meloni: Musk investments not a threat to Italy

Meloni’s ties to Musk, the world’s richest person, have created headlines in Italy, with the billionaire even bestowing an award on her in New York. Investments by companies owned by Elon Musk don’t represent a threat to Italy, according to Prime Minister Giorgia Meloni.“I work to have major investments in Italy and evaluate the usefulness […]

India’s economic snapshot 2024: Geopolitical wins, defence investments, and more | India News

NEW DELHI: India’s economic growth remained resilient in 2024, with projections reflecting a strong trajectory despite global challenges. The finance ministry estimates a 6.5% GDP growth rate for the fiscal year 2024-25, while the World Bank’s India Development Update forecasts an even higher 7% growth, solidifying India’s position as the world’s fastest-growing major economy.India is […]

Economy

Domestic consumption, deeptech to dominate startup investments in 2025: IIMA Ventures

Domestic consumption and application-driven models to dominate investor interest, noted Vipul Patel, Partner, Seed Investing, at IIMA Ventures. “We see a tailwind in deeptech companies especially the ones catering to erstwhile closed industries such as defence, aerospace, spacetech and others,” noted Patel. He said that mobility will evolve going forward and AI will emerge […]

Economy

India-EFTA FTA: Mechanisms planned to fast-track $100-billion investments

The India-European Free Trade Association (EFTA) free trade pact, with a committed $100 billion investment flow into India from the four-member European bloc, is likely to be ratified in the first quarter of 2025 following which the two sides will put in place “institutional mechanisms” to ensure fast-track clearances of proposals, sources have said. The […]

Economy

Data collection, regional disparities in opportunities, investments, a major challenge for hospitality sector: CII-EY

Data collection, regional disparities in opportunities, investments and capacity building are the major challenges the domestic hospitality sector faces, according to a recently released report by the Confederation of Indian Industry (CII).The report, brought out in collaboration with Ernst & Young India (EY), said that the limited availability of comprehensive data regarding employment trends, workforce […]

Year-ender 2024: Real estate sector attracts record $8.8 bn institutional investments

The year 2024 saw the real estate sector attracting institutional investments of $8.8 billion across deals. Among different asset classes, the residential segment attracted almost half of the inflows followed by office buildings at 28% and warehousing properties at 23% among others, a report by JLL has said. In 2024, the residential segment attracted almost […]

SWITZERLAND MFN: Swiss MFN status suspension poses tax challenges for Indian firms, may hit inbound investments, ETCFO

In a significant development for India-Switzerland tax relations, Switzerland has decided to suspend the Most-Favoured-Nation (MFN) status under the India-Switzerland tax treaty, effective January 1, 2025. This follows the Supreme Court ruling in India regarding the interpretation of the MFN clause. The move is expected to impact dividend taxation, foreign investment flows, and business operations […]

Affordable housing expected to drive proptech investments in the country, to touch $16 billion by 2030: Report

The affordable housing sector is expected to propel proptech investments in the country. The segment is projected to grow steadily at 15% CAGR, from $6 billion in 2023 to $16 billion by 2030, according to a study by HDFC Capital, Brigade REAP, and Knight Frank. The affordable housing sector is expected to propel proptech investments […]

French energy giant Total puts Adani Group investments on hold

Adani Group founder-chairman Gautam Adani, his nephew and Adani Green Energy’s executive director Sagar Adani, and others are charged with executing a $265m bribery scheme linked to the business of Adani Green Energy. MUMBAI: French oil major TotalEnergies has announced suspension of additional investments in Adani Group companies pending the resolution of US bribery allegations […]

Total pauses fresh investments in Adani group till air cleared

NEW DELHI: French energy major Total Energies, which has made strategic investments of $3.8 billion in the Adani group entities, has pressed the pause button on fresh investments in the ahmedabad-based ports-to-power conglomerate until the bribery allegations — denied by the group — levelled in a US court against top functionaries are cleared.“Until such time […]