Uncategorized

Indian MNC API wins FDI The Competition Commission of India (CCI) has approved the acquisition by Singapore and Korean investors through TPG Growth V SF Markets Pte Ltd of 8% (approx.) of the equity shareholding of API Holdings Private Limited...

OKIE products to meet restricted TV imports One of India’s fast-growing manufacturing companies specializing in OEM and ODM, OKIE Ventures Pvt Ltd, has set up OKIE Electronics to launch their own branded range of consumer electronics with factories in Kolkata...

Cut dependency on raw material imports Minister for Chemicals and Fertilizers D V Sadananda Gowda has launched four schemes of the Department of Pharmaceuticals for the promotion of domestic manufacturing of bulk drugs and medical devices parks in the country....

Cars population to grow six-fold BP’s latest US$1 billion investment in a partnership comes as an endorsement for the strong energy growth and innovations in digital technology. BP has paid US$1 billion to Reliance Industries Limited (RIL) for a 49%...

Pharma Group to venture into new therapeutic areas Global investment firm KKR has entered into a definitive agreement to purchase a controlling stake in J.B. Chemicals & Pharmaceuticals Ltd (JBCPL), one of the leading Indian pharmaceutical companies specializing in branded...

Visakhapatnam plant joins global network Ajinomoto Bio-Pharma Services has completed the acquisition of Granules OmniChem Private Limited, purchasing the remaining 50% ownership interest from its joint venture partner, Granules India Limited, and lead in the global markets. The transaction, announced...

Farmers get Rs.30,000 crore support Finance Minister Nirmala Sitharaman has announced on 15 May 2020 measures to strengthen Agriculture Infrastructure Logistics, Capacity Building, Governance and Administrative Reforms for Agriculture, Fisheries and Food Processing Sectors. These are: • Rs.1 lakh croreAgri...

Modi wants to promote domestic sectors Prime Minister Narendra Modi has held comprehensive discussion on strategies to attract more foreign investments into India as well as to promote local investments in order to boost the economy amidst the COVID-19 Pandemic. ...

Thermal coal imports to decline 22% yoy in Q2 Integrated steel mills are either reducing their capacity utilisation or suspending their operations in entirety due to supply chain disruption caused by the three-week lockdown since 25 Mar 2020. The mills,...

Implement: Rs.102 lakh crore NIP now The PHD Chamber President Dr D K Aggarwal has suggested a seven-prong strategy to mitigate the impact of coronavirus on India’s trade and industry. Firstly, as there is a drastic fall in the business...