Investment

YES Bank to sponsor Mutual Fund YES BANK, India’s 5th largest private sector Bank, has received an in-principle approval from the Securities & Exchange Board of India (SEBI) to sponsor a Mutual Fund and to setup an Asset Management Company...

UK leads in Food FDI India's growing Food Processing Industries wins US$3 billion FDI inflow from UK. Foreign Direct Investment (FDI) in Food Processing Industries (FPI) rose to US$5 billion in fiscal 2015-16, up from 3.98 billion in 2013-15, said the...

Centre to provide C-17 training services to the Indian Air Force (IAF) Boeing and Mahindra Defence Systems has opened a center in Gurgaon to provide C-17 training services to the Indian Air Force (IAF). Once fully operational, the new center will...

Auto-pilot technology Rajesh Kakkar says GST to import auto-pilot technology. New Delhi-based Global Strategic Technologies Ltd (GST) is set to import cutting edge auto-pilot technology for production and deployment on unmanned aerial and surface vehicles of the armed forces. “We...

MBDA offers Brimstone A Tornado GR4 fitted with the Brimstone Missile. International missile manufacturer, MBDA, is in discussion with the Indian Air Force regarding a number of potential capabilities. Following its success in operations, MBDA’s Brimstone, an incomparable air support...

Startups: next economic force  Sitharaman delivering the inaugural address at the Start Up India States’ conference, in New Delhi on July 23, 2016.   Startups are the next big economic force in India driven by a young and diverse entrepreneurial...

Malaysia's US$3bn investment Eight Malaysian companies will invest US$3 billion in seven sectors, including renewable energy and biodiesel, in the Indian state of Andhra Pradesh, reported the Malaysian national news agency, Bernama. The companies are Malaysia Biodesel Association, Protasco Bhd,...

The return of public banks Vinod Rai - public banks to commence lending to infra projects. An accelerated process of resolving stressed assets of India’s public sector banks has commenced, preparing them to bounce back into the infrastructure financing in...

Silicon Valley invited   Gadkari visiting the Tesla electric car manufacturing unit, in San Francisco on July 15, 2016, and invited TiE members to participate in "Start-ups India". Minister of Road Transport, Highways and Shipping Nitin Gadkari has invited Silicon...

Finnish innovation in India Source: Tekes. Finnish funding innovation in India. Finnish innovation funding agency, Tekes, will support compatriot companies’ participation in the Indian market by funding innovative initiatives, its director Kari Hiltunen has said. The 35-year old agency is...