Manufacturing

Walmart Inc is set to become the largest shareholder in Flipkart Group, having concluded related stake acquisition agreements with US$2 billion of new equity funding.

Credit rating not impacted, says S&P   Most of its rated Indian corporates can withstand the recent sharp depreciation in the Indian rupee because the share of US-dollar linked earnings largely balance the share of dollar-denominated debt. Stating this, S&P...

Demonetization of Rupee notes and introduction of Goods and Services Tax (GST) have hit the already financially-strapped Micro, Small and Medium Enterprises (MSMEs), according to a Reserve Bank of India’s (RBI) study.

A draft National Mineral Policy is expected soon once the final touches are done, announced Bipul Pathak, Joint Secretary, Ministry of Mines.

A senior government official has called on the promoters of first tier technology to target the unorganized food sector, encouraging primary processing and providing a strong supply link to the high-end secondary and tertiary processing.

Tech Mahindra, a leading provider of digital transformation, has announced the launch of the first ‘Smart City Hackathon’ at the Pune University campus for developers and startups across India.

The ALDO Group, a world-leading creator and operator of desirable footwear and accessory brands, has selected Tata Consultancy Services’ (TCS) cognitive automation solution, ignio™, to intelligently automate and simplify its enterprise IT operations.

Banks in India have been asked to collaborate with Fintech companies, using digital platform effectively to popularize the government’s various schemes to support Micro, Small and Medium Enterprises (MSMEs).

The National Institution for Transforming India (NITI Aayog) is partnering with Perlin Network to progress the development of artificial intelligence using distributed computing infrastructure in India and to develop the concept of an “India cloud” based on distributed computing resources.

India will continue to be an important segment of Singapore-based Olam Group’s global multi-agri business with continuing investment commitment.