finance – Page 2 – THE ECONOMIC INDIA

13 Oct

Elitecon International Board Approves Rs 1,000 Crore Fundraise Through QIP; Check Details

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New Delhi [India], October 13: Elitecon International Limited has announced that its Board of Directors has approved a proposal to raise up to ₹1,000 crore through Qualified Institutions Placements (QIP), according to an exchange filing dated October 12, 2026. The decision was taken at the company’s board meeting held on Monday, October 12, as part of its proposed capital-raising plans. As per the regulatory filing, the company may issue equity shares or other eligible securities, including instruments convertible into or exchangeable for equity shares. The fundraising may be conducted in one or more tranches, subject to applicable regulations. The company…

08 Oct

Does Where You Park Your Car Affect Insurance Risk?

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New Delhi [India], October 7: Where a car is parked can affect the kind of risk it faces even when it is not being driven. A vehicle kept inside a secure residential parking area may face different conditions from one left on a busy roadside or in an open public space. Parking does not decide an insurance outcome by itself. Still, it can influence exposure to theft, accidental damage, weather-related loss and incidents involving other vehicles, property or road users in the surrounding area. Why Parking Location Can Matter A parked car can still be exposed to damage. Another vehicle…

06 Oct

Naresh Shroff Plans UAE Investment Platform Targeting $150 Million Across Healthcare, Education and Emerging Businesses

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Entrepreneur eyes high-growth opportunities across healthcare, education, technology and biotechnology while strengthening social impact through ‘Jao Padho’ initiative Mumbai (Maharashtra) [India], October 6: Investor and entrepreneur Naresh Shroff of Grid Labs Growth Grid is returning to the private investment market with plans to establish a UAE-based investment platform targeting a $150 million investment pool, marking a significant expansion of his investment activities across India and international markets. The proposed platform will focus on identifying and supporting high-growth businesses across healthcare, education, technology, biotechnology and other emerging sectors. Shroff will look at enterprises with strong management teams, sound fundamentals, robust governance,…

06 Oct

How to Calculate Interest Rate on a Loan When Comparing Borrowing Options

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New Delhi [India], October 5: Knowing how to calculate the interest rate on a loan can make it easier to compare borrowing options and get a better sense of how much you are paying for access to the funds. Two loans with similar interest rates may not cost the same overall. Differences in loan amounts, tenures, processing fees, and other applicable charges can change the total amount you eventually pay. Calculating the interest and reviewing the overall borrowing cost can give you a clearer basis for comparing loan offers rather than choosing one based on the advertised rate alone. How…

06 Oct

Family Office or Wealth Management Consultant

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As India’s ultra-wealthy population approaches 20,000, the multi-family office sets out a practical framework based on financial complexity and succession needs. Gurugram (Haryana) [India], October 5: Choosing between a family office and a wealth management consultant is an important financial decision for families with substantial assets. Alpha Capital, a multi-family office providing family office services in India, outlines a practical framework to help high-net-worth and business families identify the advisory model best suited to their wealth, complexity and succession needs. The context is India’s expanding wealth base. According to Knight Frank’s The Wealth Report 2026, the number of individuals with…

05 Oct

Secures Export Order from Canada for Approximately 5,000 MT of Black Welded Hollow Sections

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Chandigarh [India], October 5: JTL Industries Limited (“JTL” or “the Company”) (BSE: 534600 | NSE: JTLIND), a leading manufacturer of structural steel tubes and pipes, is pleased to announce that it has secured a sizeable export order from Canada for approximately 5,000 MT of Black Welded Hollow Sections. The order is valued at approximately USD 3.4 million and is scheduled to be executed within the current quarter. This order further strengthens JTL Industries’ growing international export footprint. The order also reflects the increasing acceptance of the Company’s products across global markets and its ability to cater to international customer requirements.…

03 Oct

Gold Rebounds 1.62 Percent After Recent Pressure; Indian Equities Remain Subdued Amid Elevated Yields: Aetram Group

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Gold Rebounds 1.62% After Recent Pressure; Indian Equities Remain Subdued Amid Elevated Yields: Aetram Group Chennai (Tamil Nadu) [India], October 3: Gold staged a strong recovery during the completed September 29 session, rebounding from recent weakness as prices stabilised near multi-week lows. International spot gold closed at $4,182.24 per ounce, gaining 1.62% for the day. Aetram India Research observed that the recovery reflected renewed demand at lower levels, although elevated U.S. Treasury yields and expectations surrounding Federal Reserve policy continued to restrict broader momentum. International gold opened at $4,115.46, touched a high of $4,185.12 and a low of $4,113.19 before…

02 Oct

Why More Individual Investors Are Opening Digital Demat Accounts

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New Delhi [India], October 1: Not long ago, many Indians thought stock market investing was meant for people who watched business channels all day. The process also looked serious: forms, signatures, broker offices and paper statements. That mood has changed. A first-time investor in Jaipur, Indore, Kochi or Pune can now start with a mobile phone, basic documents and some financial curiosity. This easier access is one reason demat account opening has become common among individual investors. A demat account holds securities in electronic form. Instead of receiving paper share certificates, you see your holdings digitally. Shares, ETFs, bonds and…

30 Sep

KKR to invest in Cisternina to build pan-India liquid storage and logistics platform

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New Delhi [India], September 30: Global investment firm KKR on Tuesday said it will make a majority investment in Cisternina Logistics Pvt Ltd, a bulk liquid and gas storage and logistics business in India. KKR said the investment will support Cisternina’s proposed acquisition of the liquid storage terminal and rail business of Ganesh Benzoplast Limited (GBL), which will serve as the platform’s anchor asset, as well as its expansion through further acquisitions and the development of new storage infrastructure across India. Established in 2024, Cisternina will serve customers as an integrated platform across the energy, chemicals, bulk liquids and edible-oil…

30 Sep

Capital India Finance Raises Rs 100 Crore Through Secured NCD Issuance

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Pinank Shah, CEO, Capital India Finance Limited Mumbai (Maharashtra) [India], September 30: Capital India Finance Limited (“CIFL”), a listed, non-deposit-taking NBFC, today announced that it has successfully raised ₹100 crore through the private placement of listed, rated, senior, secured, transferable and redeemable non-convertible debentures (NCDs). The issuance comprised a base issue of ₹50 crore and a green shoe option of ₹50 crore. The NCDs have a tenure of 27 months and carry a fixed coupon of 10% per annum, payable quarterly. The NCDs will be listed on BSE Limited. The fundraise strengthens CIFL’s funding base and provides additional resources to…