Investment

Straight Gate part of the deal The Competition Commission of India (CCI) has approved the acquisition of Helsinki-headquartered Metso Oyj’s minerals business including capital equipment in India by Outotec Oyj, also from Helsinki, under Section 31(1) of the Competition Act,...

Food packaging at $55bn by 2020, says Exim study The Indian packaging sector is expected to reach US$72.6 billion by 2020, growing at a CAGR of 18% during 2016-21, according to a study by Export-Import Bank of India (India Exim...

Most industries to deploy clouds Business executives in India are increasingly planning to invest in hybrid multi-cloud platform strategies and capabilities to drive business transformation and to unlock value, reveals an IBM Institute for Business Value (IBV) survey. The IBV...

India’s share in global trade improving, says Minister Commerce and Industry Minister Piyush Goyal says exports and imports are showing positive trends following a sharp dip in April due to pandemic. The exports are approaching levels seen last year while...

Expanding engineering services in the US markets Infosys, an Indian technology iconic group from Bengaluru, has signed a definitive agreement to acquire Kaleidoscope Innovation, a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets, bolstering...

Saudi investment flows into Swiss MNC linked to Indian market The Competition Commission of India (CCI) has approved the incremental acquisition by SABIC International Holdings in Swiss multinational Clariant AG under Section 31(1) of the Competition Act, 2002, on 2...

India is creating a unique digital model The continued regulatory reforms in bond markets ensure improved ease of access for investors, Prime Minister Narendra Modi has told American investors on 3 Sept 2020. There are tax exemptions to ‘Sovereign Wealth...

Somal Refractories to become a global player Ludhiana-based Somal Refractories and Zampell from Massachusetts are to expand the product market to include Europe and America through the market channel of Zampell and expand installation capabilities in the Asian Market including...

Silver lining during festivities! Restrictions on manufacturing, industrial, construction and consumption activities for the major part of Q1 FY2021 due to the imposition of nationwide lockdown primarily hurt the financial performance of the Indian Corporate sector. This assessment was given...

Pradhan updates: Oil majors expanding footprint in the Indian market Indian companies are looking to source more crude oil and LNG from the US at competitive rates, anticipating domestic energy demand to recover and reach post-COVID-19 level soon. Giving this...