Investment

Larsen & Toubro Infotech Ltd. (NSE: LTI, BSE: 540005), a global technology consulting and digital solutions company, is expanding its operations in the South African market.

India, with its large-scale development plans, continue to attract global companies, especially those with niche expertise, said executives from PEI-Genesis of the United States.

India will tap into the expertise of Singapore agencies in areas of urban development and management and help in urban rejuvenation mission under a Memorandum of Understanding (MoU).

The cabinet has approved additional 6.5 Million Metric Tonne (MMT) Strategic Petroleum Reserve (SPR) facilities in rock caverns at Chandikhol in Odisha and Padur in Karnataka.

Norcross, Georgia-based Guided Therapeutics, Inc. (OTCQB: GTHP), is planning a 2-week sales trip for its product LuViva® in India in September or October.

India has invited the Australian Superfunds to invest in various infrastructure projects such as industrial corridors, ports, smart cities, airports and railway projects in Sydney on 26 June 2018.

Prime Minister Narendra Modi has urged the Asian Infrastructure Investment Bank (AIIB) to raise its financing for projects in member countries to US$100 billion by 2025.

More than 120 million Indian consumers are expected to shop online, clocking annualized growth of 115% in 2018 as the e-commerce platforms, making it one of the most attractive investment sectors, according to ASSOCHAM-Resurgent joint study.

Innovation in manufacturing Research & Development is must to achieve 'New India', Dr H Purushotham, CMD, National Research Development Corporation (NRDC), has stressed.

India is looking forward to investments in 9 more projects from Asian Infrastructure Investment Bank (AIIB) after having picked up almost 28% of the bank’s total lending so far of US$1.4 billion for 7 projects, said Finance Minister Piyush Goyal.