Investment

Singh approves 106 Basic Trainer Aircraft for IAF Defence Minister Rajnath Singh has approved capital acquisitions of various indigenous platforms and equipment required by the Indian Armed Forces for an approximate cost of Rs.8,722.38 crore. The Defence Acquisition Council (DAC)...

Improve terms to increase global market share India must aim to achieve a 5% share in world merchandise exports and 7% in services exports by 2025, says a report by the Confederation of Indian Industry (CII). India’s goods exports declined...

CCI nod to Jap companies in India The Competition Commission of India (CCI) has on 11 August 2020 approved proposed combination filed jointly by Keihin Corporation, Nissin Kogyo Co Ltd, Showa Corporation and Hitachi Automotive Systems, Ltd for their being...

A stronger leadership in the Asia-Pacific region Nasdaq-listed Equinix, Inc has expanded into India through the acquisition of the GPX Global Systems, Inc. (GPX India) for an all-cash transaction value of US$161 million which represents a multiple of approximately 15x...

A spur for industry recovery, says Dr Reddy The defence industry is looking forward to more items being added progressively to the embargo list so as to deepen the process of indigenisation by leveraging the capabilities of manufacturers. FICCI President...

Agri Infra Fund to support farmers Prime Minister Narendra Modi has launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund of Rs.1 lakh crore to support farmers. The scheme, launched 9 August 2020, covers PACS,...

India-Argentina trade US$3.09 billion in 2019-20 The Indian Ambassador to Argentina, Dinesh Bhatia, has called on industry houses in India and Argentina to explore trade opportunities in a wide range of sectors including energy, healthcare, pharmaceuticals and agriculture products. “It...

Market reports serious enquiries Bengaluru is witnessing the fastest recovery in enquiries in the residential real estate segment in major cities compared to pre-COVID-19 levels. Enquiries have reached 70% of the January-February period in Bengaluru residential real estate segment as...

Antibacterial-antiviral product market of Rs.140-Rs.150 crores Consolidated Pathways Inc of the United States and Bengaluru Resil Chemicals have signed an agreement to build unique Swiss anti-viral and antimicrobial technologies into sustainable, cost-effective custom blends for India's textile industry.  At the...

Additional Rs.5,000cr welcomed for HFC-NABARD The ASSOCHAM expects the K.V. Kamath Committee to come up with liberal financial parameters and benchmarks for loan revamp eligibility. FICCI also welcomed steps announced towards resolution of loans in the monetary policy by announcing...