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Record foreign investment in last 10 years came to Maharashtra in just 9 months: CM Fadnavis

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Mumbai, March 7: Chief Minister Devendra Fadnavis, on Friday, said Maharashtra has received the decades’ highest annual foreign direct investment (FDI) in just nine months of the fiscal year 2024-25.

A total of Rs 1,39,434 crore has been received in the first nine months of the financial year 2024-2025, said the Chief Minister, quoting the Department for Promotion of Industry and Internal Trade (DPIIT).

The cumulative FDI equity inflow during October 2019 and December 2024 is reported at Rs 6,71,863 crore, which is 31 per cent of the total FDI equity inflow in the country. Maharashtra has thereby outpaced other competitive states, including Karnataka, Gujarat, Delhi, Tamil Nadu and Haryana.

In his post on X, the Chief Minister said, “Record foreign investment in the last 10 years, came to Maharashtra in just 9 months! The central government’s DPIIT has released the foreign investment report for the end of December 2024, and Maharashtra has received the highest annual foreign investment in the last 10 years in just 9 months. A total of Rs 1,39,434 crore has been received in the first 9 months of the financial year 2024-2025. This is the highest foreign investment received in Maharashtra in any single year in the last 10 years.”

He further added, “In doing so, the Grand Alliance government has broken its own record for the financial year 2016-17. Of course, there is still one quarter left in this financial year.Heartfelt congratulations once again to the entire Maharashtra! Under the leadership of my colleague Deputy Chief Ministers Eknath Shinde and Ajit Pawar and the cabinet, this race for our Maharashtra will continue.”

The Chief Minister’s statement comes days after Governor C.P. Radhakrishnan, in his address to the Assembly, said the state is a preferred destination for Foreign Direct Investment and it contributes over 14 per cent to the country’s total GDP, being one of the leading industrial States in the country.

He said that at the World Economic Forum held in Davos, Switzerland, in January 2025, the government signed Memorandums of Understanding worth approximately Rs 15.72 lakh crore of investment with 63 national and international companies. This will generate more than 15 lakh employment opportunities in the State.

Further, the government has planned to disburse the Investment Promotion Subsidy of about Rs 5,000 crore to different industries in the state to attract investments, foster industrial growth, and generate employment opportunities. The government enacted legislation last year to facilitate investments in a hassle-free manner through the effective implementation of the single window system to provide all the necessary approvals in a time-bound manner.

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After Meta, Google to report child sexual abuse content directly to Indian authorities

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New Delhi, Sep 22: After Meta, US tech giant Google will report content flagged as child sexual abuse material (CSAM) directly to the Indian authorities, contrary to the long‑standing global practice of routing such reports through a US non‑profit organisation.

Meta announced a similar change last week after Indian officials pressed major tech firms in recent weeks to speed up reporting, citing concerns that the existing system delays reports considerably.

Google “invests significantly to detect, deter, remove, and report child sexual abuse material,” a company spokesperson said, describing the change as part of the company’s “ongoing discussions with the government of India.”

Meta and Alphabet’s Google used to send tips to the US‑based National Center for Missing & Exploited Children (NCMEC) which then relayed them to local law enforcement, according to reports.

Such a practice could cause dangerous delays in cases where children may be at immediate risk as reports pass through an intermediary before reaching domestic police who can act on the ground.

The US nonprofit that erstwhile used to receive such reports first hand runs CyberTipline portal that recorded nearly 21.3 million reports from around the world of suspected child sexual exploitation in 2025.

India remains the largest market by user count for both Meta’s Facebook and Google’s YouTube. Meta’s shift in policy comes after weeks of friction with New Delhi, including an apology last month by CEO Mark Zuckerberg over the spread of child sexual abuse material on the company’s platforms.

Technology and law enforcement officials in the United States, the European Union and elsewhere have urged platforms to bolster detection and reporting. However, most countries continue to route reports through the US nonprofit as the primary international clearing house.

The Central government, in July, directed Google to take down multiple Firebase web development accounts that were impersonating the websites and mobile apps of major public- and private-sector banks and other financial institutions.

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Sensex, Nifty open marginally higher over crude price correction

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Mumbai, Sep 22: The Indian equity markets inched up slightly on Tuesday morning, tracking positive global cues and correction in global crude prices.

As of 9.20 am, Sensex added 64 points, or 0.10 per cent, to reach 74,914 and Nifty gained 34 points, or 0.15 per cent, to reach 23,449.

Main broad-cap indices outperformed gains of the benchmark indices, as the Nifty Midcap 100 added 0.33 per cent, and the Nifty Smallcap 100 advanced 0.4 per cent.

Sectoral indices on NSE traded in green except Nifty IT down 1.09 per cent and FMCG down 0.01 per cent. Nifty realty was the top gainer, up 1 per cent, followed by chemicals, up 0.64 per cent.

“With precious metals stabilising and fixed income returns becoming attractive, investors can now opt for a multi-asset strategy,” an analyst said.

WTI crude trading in the $92–$93-a-barrel range and a stronger rupee provided additional comfort on the broader macroeconomic front.

Global risk sentiment has improved, with US equities posting strong gains and Asian markets largely positive, while softer crude prices have eased some pressure on oil-importing economies.

In the previous session, Nifty surged 0.29 per cent and closed at 23,414. Immediate support is placed at 23,250–23,300, while resistance is seen at 23,550–23,600.

In the previous session, Bank Nifty closed at 56,470, up 0.20 per cent. Immediate support is placed at 56,000–56,300, while resistance is seen at 56,800–57,000, said analysts.

In Asian markets, China’s Shanghai index gained 0.22 per cent, and Shenzhen added 0.62 per cent, Japan’s Nikkei added 1.38 per cent, and Hong Kong’s Hang Seng Index added 0.41 per cent. South Korea’s Kospi added 1.89 per cent.

The US markets ended in green overnight as Nasdaq gained 2.26 per cent. The S&P 500 added 1.49 per cent, and the Dow Jones added 0.71 per cent.

On September 21, foreign institutional investors (FIIs) net sold equities worth Rs 576 crore, while domestic institutional investors (DIIs) bought equities worth Rs 2,800 crore.

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FM Sitharaman meets JPMorgan CEO Jamie Dimon in Mumbai

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Mumbai, Sep 21: Finance Minister Nirmala Sitharaman on Monday met Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., during the 11th edition of the JPMorgan India Investor Conference in Mumbai.

According to the Finance Ministry, Dimon interacted with the finance minister on the sidelines of the conference, which brought together investors, policymakers and corporate leaders to discuss India’s economic outlook and investment opportunities.

FM Sitharaman also addressed participants at the event and took part in a fireside chat with Sajjid Chinoy, Head of Asia Economics at JPMorgan.

“Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., interacts with FM Sitharaman during the J.P. Morgan India Investor Conference in Mumbai, Maharashtra,” the finance minister posted on social media platform X.

” FM Sitharaman addressed the gathering and participated in a fireside chat with Sajjid Chinoy, Head of Asia Economics at JPMorgan, during the 11th edition of the J.P. Morgan India Investor Conference in Mumbai, Maharashtra,” the finance minister added.

The meeting comes as JPMorgan said in a recent report that a combination of tax reforms and regulatory measures had enhanced the attractiveness of equities for domestic investors, helping sustain robust inflows despite relatively muted market returns over the past two years.

The brokerage noted that changes in the taxation framework for long-term capital gains, debt mutual funds and certain insurance products have improved the relative appeal of equities.

It said these measures, alongside rising participation through systematic investment plans (SIPs), are supporting a continued shift of household savings toward financial assets.

According to JPMorgan, domestic investors have increasingly emerged as a stabilising force for Indian markets, offsetting bouts of volatility triggered by foreign portfolio investor outflows and global uncertainties.

The report highlighted that retail participation has remained resilient even during periods of modest benchmark returns, signalling a structural change in investment behaviour.

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