Banking & Finance

Japan boost for Make in India initiative Leading Japanese automobile corporations are collaborating to make a stronger presence in the Indian market. Toyota Motor Corporation and Suzuki Motor Corporation have concluded a basic agreement toward the mutual supply of hybrid...

Lucideus and Sumeru offer tech product and services   Two Indian technology companies are venturing into the South East Asian markets through regional offices in Singapore, already rated as technology hub. New Delhi-based Lucideus, a five-year old IIT incubator on...

India remains brightest spot for investments Valuation Research Group (VRG), the international affiliates of Valuation Research Corporation (VRC), has a non-exclusive affiliate agreement with India-based RBSA Advisors to offer global valuation services in India. “India is a critical market to...

Businesses need banking support as economy recovers CII President Kamineni. The Confederation of Indian (CII) Industry wants Reserve Bank of India (RBI) to continue to provide the requisite policy support which would enable industry to raise capital at affordable cost...

Customers are being careless, says survey Most cyber frauds in India’s booming business process outsourcing (BPO) sector occur due to lack of strict implementation of existing information security protocols together with poor employee awareness, noted a recent survey. "Awareness about...

Govt approves 12 nuke plants   A Techno-Commercial Offer has been submitted by Westinghouse Electric Company (WEC) which has agreed to continue with the proposed project for setting up six units of AP-1000 (6 x 1208 MWe) reactors at Kovvada...

JVs formed and capitalized   Hindustan Aeronautics Limited (HAL) is leading helicopter manufacturing facilities in separate joint ventures with Russian and French partners. HAL leads with 50.5% stake in Indo Russian Helicopter Pvt. Ltd. (IRHL) has been incorporated as Joint...

Govt to give up management control The Civil Aviation Ministry has sought Expression of Interest (EoI) for the 76% stake sale in the loss-making Air India and two of its subsidiaries. According to the memorandum, the government plans to offload...

Himachal Pradesh to set up women polytechnic An US$80 million Asian Development Bank (ADB) loan will help Himachal Pradesh government step-up reform and scale-up its skill development efforts. The loan will fund short-term and long-term training programs in automobiles, electronics,...

Office space sector evaluates potential demand Start-up companies are creating jobs and demand for space and in major Indian cities, including Gurugram, or Gurgaon as it is still being called. Anuj Puri, Chairman of ANAROCK Property Consultants, writes about Gurugram...