Non-voice business process outsourcing major Tricom India Ltd has acquired US-based marketing company Tricom Document Management Inc for around $20,000, and proposes to invest over $1 million in the next one-two years.
The deal would allow Japan to export nuclear technology to India, making it the first non-NPT signatory to have such a deal with Tokyo. It would also cement the bilateral economic and security ties as the two countries warm up to counter an assertive China.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
US software major Sun Microsystems Inc. will double its India workforce to over 2000 in the next two to three years, besides focusing on building products to tap the booming local market, company officials said on Friday.
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
Betting big on India, the United States-based telecom technology major Qualcomm Inc on Friday said it would open a research and development centre in the country this year to write software for code division multiple access-based technology.
Aiming to cash in on the growing digital imaging and print management solutions market, EFI Inc is planning to expand its India operations by doubling the workforce and opening up new centres.
Dell will deploy the earmarked $2.57 million to 10 institutions in the country working toward child labour rehabilitation, educating daughters of sex workers and an initiative to impart information on climate change. Dell YouthConnect plans five pilot projects in India with NGOs, with up to $500,000 of funding in the first year.
Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate (ED) has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. When contacted, Flipkart said it is in compliance with Indian laws and regulations, including FDI regulations.
Buoyed by the success of Louis Vuitton and Christian Dior among upper circuit Indian consumers, other French luxury lifestyle majors Estee Lauder Companies Inc and Jean Paul Gaultier have also announced plans to set shop in India.
Pending final approvals, Huawei would become the first big-name Chinese phone maker to manufacture hardware in India's growing market.
For some of the business majors, the fund outgo for the 2019 elections has risen as much as 15 to 20 times, compared to the amount given to political parties five years ago.
Wal-Mart's "suspected bribery" unearthed in India involves thousands of small payments to low-level local officials.
It, however, does not manufacture devices on its own and rather does it through contract manufacturers.
In the second phase on April 18, 97 seats,spread across 13 states and one Union Territory, will go to the polls.
Global investment and financial services major Goldman Sachs will pump in more direct investment into India, besides expanding operations, Lloyd C Blankfein, president and chief operation officer, Goldman Sachs Group Inc said on Thursday.
India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.
Domestic and foreign companies pour in a slew of investments in Gujarat.
The rupee is expected to remain under pressure in the near term, given the strengthening of the dollar against major global currencies and widening of the trade deficit.
Global pharma majors such as Novartis, Roche and Pfizer have secured 392 medicine patents in less than three years of India changing its patent laws to allow product patenting system for drugs in the country. While Swiss multinational Hoffmann La Roche leads the tally with 34 patent grants, Novartis AG and Pfizer Inc follow closely with 25 and 24 respectively.
About 65 per cent of the CFOs are positive about India's growth
US construction equipment major Caterpillar Inc plans to source products from India for its overseas markets as part of strategies to make the local subsidiary a global sourcing hub, a top company official said.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
India can attract significant FDI, says experts.
US retail giant Walmart has said it is "open to an IPO" for its Indian e-commerce arm Flipkart but there is "no specific timeline" for the share sale. Both Flipkart and payment app PhonePe continue to do well, Walmart International president and CEO Judith McKenna said while speaking at the DB Access Global Consumer Conference on June 7. "We always made it clear from the day we made the acquisition or the investment, that we would be open to an IPO," said McKenna. However, she noted that there is no specific timeline for the IPO.
Prime Minister Narendra Modi's real test will be whether he can bring a longer-term vision to India's foreign policy planning, says Ravi Agrawal.
A selection of Indian corporations are cutting costs and contributing to a green economy by embracing clean fuel and India Inc sees a strong business case in adopting renewable energy to power their operations.
A selection of Indian corporations are cutting costs and contributing to a green economy by embracing clean fuel and India Inc sees a strong business case in adopting renewable energy to power their operations.
The Bharatiya Janata Party appeared to cede ground in Uttar Pradesh where Samajwadi Party was leading on six of the 11 Assembly seats where bypolls were held while it was neck and neck with Congress in Gujarat and behind in Rajasthan, exactly four months after it swept the three states in Lok Sabha elections.
Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.
Enforcement Directorate is looking into whether Amazon India may have sold directly to customers
US SEC order says that Cadbury India paid an agent a total of USD 90,666 (Rs 61.70 lakh) for "providing consultation, arrange statutory/government prescribed formats of applications to be filed for various statutory clearances, documentation, preparation of files and the submission of the same with government authorities," for specific licences.
The bid by Facebook highlights the company's efforts to accelerate its push into video as it tries to take advertising dollars from television and increase the time people spend on its platform.
Mergers & acquisitions started off on a strong footing, hitting a four-year high at $30.3 billion in the first quarter of 2022, bucking the global trend where deal-making fell sharply, says a report. Deal activity grew by 5.6 per cent in value terms in January-March 2022 compared to the first quarter of 2021, making it the highest first-quarter period since 2018 when it was $31.1 billion. In volume terms, the M&A activity grew 29.6 per cent in the first quarter of 2022, making it the best-ever quarterly number, according to the M&A numbers collated by Refinitiv, an LSEG business, which is among the world's largest providers of financial markets data and infrastructure. M&As involving domestic companies stood at $23.7 billion, down 8.3 per cent on year.
"The shift is gradually happening more on account of favourable risk-reward for stocks in these sectors and the shift would be more pronounced as investors roll over their targets to 2017," the head of research at a foreign brokerage said.
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