Hyderabad-based ICSA (India) is divesting 14 per cent of its stake to Citigroup Venture Capital International Growth Partnership Mauritius for $30 million
India is perceived to be a powerhouse for investment in coming times.
"This Budget needs to come up with measures that balance the high inflation and sustainable growth. The continuing fiscal problems and revenue deficit will force the budget to take stringent revenue making measures including looking at introducing or extending the stimulus packages to boost revenues," said G Bala Reddy, chairman and managing director, ICSA India.
India's Karun Chandhok soaked tremendous pressure to score his first race win of the 2008 GP2 Series in Hockenheim on Sunday. Chandhok came under intense pressure from Andi Zuber of Piquet Sports for the last 20 laps of the race, but Karun kept his cool for a fantastic victory for the iSport International team.
India's Karun Chandhok added to his points score in the fourth race weekend of the 2008 GP2 Series at Magny-Cours in France on Sunday. He started from eighth place on the grid for the feature race, and despite a delay in the pits, when a rival car drove very close to his mechanics, drove a solid and consistent race to finish seventh.
The deadly coronavirus has forced us to adopt new ways of life.
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