Investment

Fuel cess for projects Nitin Gadkari briefing the media, during the IACC Convention. The Shipping Ministry has proposed using part of the fuel cess collected for building national highways for expansion of National Waterways. Speaking at the Infrastructure Session of the...

JNPT signs US$400m funding The Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai has signed an agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for External Commercial Borrowing (ECB) of US$400 million for expansion programme. The...

Smartphone competition Some 800 models compete for mind and wallet share of the US$16 billion Indian smartphone market, according to the latest research by Strategy Analytics. The research report, India Android Smartphone Replacement Dynamics, identifies online as the preferred channel...

LTI-Coupa partnership   Larsen & Toubro Infotech (LTI) has announced a strategic partnership with Coupa, a leader in cloud-based spend management and procurement software platform. The partnership will enable enterprises to rationalize spends, achieve measurable savings, control costs and improve...

Hyderabad facility upgrade NCR Corporation is upgrading its Hyderabad R&D facility, relocating to a new, state-of-the-art location at Raheja Mindspace within the city by 2017. The new facility will be one of the global centers of excellence for NCR as...

Automotive market Indian automotive component market worth US$44bn in 2016.The automotive components market in India is estimated to cross US$44 billion in 2016 with passenger cars accounting for the largest revenue share in the country's automotive component market in 2015,...

TA investment TA investment in Indian apparels. Boston-based TA Associates, a leading global growth private equity firm, has invested in a US$140 million for a minority stake in TCNS Clothing Company Pvt. Ltd., India’s leading branded women’s apparel platform. New...

India-Russia business talks India is keen to jointly develop coal fields and iron ore mines in Russia to bolster bilateral trade and economic ties. Similarly, Russia is ready to participate in the “Make in India” program in order to develop...

Singtel ups Bharti stake Singapore Telecommunications Ltd (Singtel) will acquire 7.39 per cent stake in Bharti Telecom Ltd, the holding company of India's largest telecom firm Bharti Airtel, for US$659.5 million, taking over from the city state’s investor Temasek. The...

Piramal acquires Ash Stevens Vivek Sharma set to serve North American market. Mumbai-based Piramal Enterprises Limited said its wholly-owned subsidiary in the US has entered into an agreement to acquire 100% stake in Ash Stevens Inc. The acquisition is for...