Investment

Chennai, with its large pool of talented engineers, is emerging as a global player in Siemens’ growing businesses and is set to develop applications for future solutions.

India is upgrading its energy relationship with Saudi Arabia to a strategic relationship as well as signing a broader Strategic Partnership Council Agreement during Prime Minister Narendra Modi’s visit to Riyadh beginning 29 Oct 2019.

Speculation is high that a reduction in personal income taxes is on the cards next, following the surprise move to cut corporate taxes last month, Singapore banking group, DBS, said on 29 Oct 2019.

The 12,091-km ultra-high capacity fiber optic submarine cable system, linking India through the Middle East to Western Europe (IMEWE), is deploying Ciena’s (NYSE: CIEN) coherent optical solutions and automation software to address network capacity requirements in the region.

The National Stock Exchange of India (NSE) is adding automated trading platform, Metro, a trading and market access technology by New York’s Vela and proprietary trading firm Plus Wealth.

The Agreement for establishment of the Strategic Partnership Council will further elevate the India-Saudi Arabia Strategic Partnership to a new level.

The total hydroelectric power potential in India is estimated at about 150,000 MW, equivalent to 84,000 MW at 60% load factor.

Giving a flicker of hope to cash-starved Indian real estate, private equity funds have pumped in nearly US$3.8 billion between January to September period in 2019, up 19% on US$3.2 billion in the corresponding period a year ago.

India’s Mobikon will use US$12.5 million raised through Series B round led by Binny Bansal to establish a strong foothold in Australia and Indonesia.

Mahindra Two Wheelers Europe will acquire all outstanding shares in Peugeot Motocycles (PMTC), reaffirming to the future growth of Mandeure-headquartered Peugeot Motocycles.