Temasek investments in India reaches ₹65,000 crore

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

After 12 years of its successful operations, the Singapore government-owned investment company, Temasek has completed the Temasek investments in India at ₹65,000 crore investment mark in India. The company has done record investment in India and is planning to do more in the coming future, but they are searching for the right opportunity.

Temasek has started investing outside its home country since 2002. The company doesn’t want to be called a fund, as it does not raise money from outside but has its own balance sheet and pays taxes like a company. It makes investments through its own divestments or earnings through dividends.

It started investing in India since 2004 to tap the opportunities that came with rising consumption. In the past five years, on an average, the company has invested 6,500 annually. Promeet Ghosh, managing director of Indian operations at Temasek said, “We had a record net global portfolio value of approx. ₹12,00,000 crore at the end of March. Out of this about ₹65,000 crore is invested in India now”.

The previous year, Temasek left Bharti Airtel by selling its stake to SingTel as part of its global portfolio restructuring. Also late last year it increased exposure to financial services in the country by picking up a stake in SBI Life Insurance.

- Advertisement -

Latest News

Salman Khan: Bigg Boss would be a cakewalk for me as contestant

By Ahana BhattacharyaMumbai, Sep 23 (IANS) The reality show 'Bigg Boss' has moved from its regular location in Lonavala...

Telangana, Andhra CMs agree to link rivers

Hyderabad, Sep 23 (IANS) Telangana Chief Minister K. Chandrashekhar Rao and his Andhra Pradesh counterpart Y.S. Jagan Mohan Reddy on Monday decided to interlink...

SIT submits reports to HC in Chinmayanand case (Lead)

Prayagraj, Sep 23 (IANS) The UP Police's special investigation team here on Monday submitted its report in the alleged sexual harassment case involving Swami...

Voting for Pala bypoll in Kerala ends peacefully (Lead)

Pala (Kerala) Sep 23 (IANS) Polling for the bypoll to Kerala's Pala Assembly constituency ended peacefully at 6 p.m. on Monday.The Assembly bypoll was...

Odisha’s art, culture to be on display on Rajdhani Express

Bhubaneswar, Sep 23 (IANS) Odisha's art, culture and heritage will be on display on the exteriors of New Delhi-Bhubaneswar Rajdhani Express.East Coast Railway (ECoR)...
- Advertisement -

More Articles Like This