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So far Saloni Shah has created 607 blog entries.

Greenlam to acquire Swiss company

2019-02-15T08:10:20+00:00February 15th, 2019|Uncategorized|

Decorative laminates maker Greenlam Industries Ltd will acquire Switzerland-based decorative surfaces trader Decolan SA for 1 million Swiss francs ($994,000 or Rs 7 crore) in cash. Greenlam said in a stock-exchange filing the acquisition will help it serve the European market with faster deliveries, better distribution control and service. The company will make the acquisition through Singapore-based wholly owned subsidiary Greenlam Asia Pacific Pte. Ltd. The transaction is expected to be completed by 30 June. Incorporated in 2012, Decolan is [...]

Wistron, Foxconn plan to invest $1bn in India

2019-02-15T08:01:43+00:00February 15th, 2019|Uncategorized|

Global electronics contract manufacturers Wistron and Foxconn plan to invest a combined $1 billion (Rs 7,500 crore) over five years to expand their production facilities in India. Wistron is expected to begin manufacturing iPhone 8 in the country, while Foxconn’s plans are to support higher levels of manufacturing of existing clients such as Xiaomi and Nokia phones. Between the two Taiwanese companies, Wistron has applied to the government to invest $0.7 billion (Rs 5,000 crore) and Foxconn $0.35 billion (Rs [...]

Norway’s NMI, others invest in Svasti Microfinance

2019-02-14T13:50:28+00:00February 14th, 2019|Uncategorized|

Mumbai-based Svasti Microfinance Pvt. Ltd has raised $4.8 million (Rs 34 crore) from a clutch of investors including Nordic Microfinance Initiative (NMI) and Serum Institute of India CEO Adar Poonawalla. Svasti will use the capital to expand its branch network, increase its portfolio of loans to small and medium-sized companies, it said in a statement. The lender will also use the money to provide other financial services such as consumer finance and insurance in partnership with other leading institutions. Arunkumar [...]

Lohia Group acquires Israeli company

2019-02-14T13:30:57+00:00February 14th, 2019|Uncategorized|

Kanpur-based Lohia Group has acquired an Israeli company, Light and strong Ltd, specialising in aerospace and military carbon fibre and glass fibre composite components production, with the aim of becoming a leading supplier for global original equipment manufacturers (OEMs) in the aerospace and defence sector. The Group's director, Anurag Lohia, said that the acquisition would help establish a firm international footprint for the group and in further growing new markets. He added, “We believe this marks the beginning of our [...]

Tiger Global leads Series A round in Fyle

2019-02-14T13:19:32+00:00February 14th, 2019|Uncategorized|

Expense management start-up Fyle has scooped up $4.2 million (Rs 30 crore) in its Series A round led by Tiger Global.  The Bengaluru-based start-up also saw the participation of existing investors – Pravega Ventures and Beenext in this round. Pravega, Beenext along with Girish Mathrubootham-led Freshworks had participated in $1.1 million round in Fyle in April last year. The development comes two months after media reports suggested the comeback of Tiger Global in India with funding in Fyle along with [...]

LuLu Group strikes Switzerland hotel deal

2019-02-15T14:35:54+00:00February 14th, 2019|2019, Global Edition – February 2019|

Indian business group LuLu, headquartered in Abu Dhabi, recently made its European entry with a hospitality deal in Zurich. The LuLu Group has announced its entry into mainland Europe with a new agreement with a Switzerland-based real estate company to develop a new four-star hotel in the Swiss city of Zurich. Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi based LuLu Group International, said that it has entered into a forward purchase contract with Necron AG for the upcoming IntercityHotel Zurich Airport [...]

Why companies are planning a UK exit over Brexit

2019-02-15T14:36:00+00:00February 13th, 2019|2019, Global Edition – February 2019|

Latest figures from an Institute of Directors (IoD) study show that nearly one in three of its members could be forced to shift operations out of the UK as the March 29 deadline of Britain’s exit from the European Union (EU) nears. Nearly one in three (29 per cent) UK-based businesses could be forced to shift operations abroad due to Brexit, a new report by an influential lobby group made up of business leaders warned in its latest analysis. The Institute of Directors (IoD) conducted a member [...]

A wide scope of Indian expansion in Malaysia

2019-02-15T14:54:52+00:00February 13th, 2019|2019, Global Edition – February 2019, Home Page|

The Malaysian Investment Development Authority (MIDA) runs through ways Indian investors can capitalise on business opportunities in Malaysia. Malaysia is no stranger to the Indian business community. The relationship has been dynamic, evolving in the rapidly changing international environment. The Malaysian Investment Development Authority (MIDA), the principal investment promotion agency for the country, set up its overseas office in Mumbai in April 2008. This office is responsible for the promotion of quality Indian investments into Malaysia, to provide potential investors [...]

A platform to unleash AI innovation

2019-02-15T14:36:23+00:00February 13th, 2019|2019, Global Edition – February 2019|

A fintech expert delves into the impact of Artificial Intelligence on the financial services sector. We are all experiencing the tremendous change that technology is bringing in, in our day to day to lives. The pace of change was not like this even in the last decade and probably will be way more accelerated in the next decade. Even at the beginning of this decade most banks and financial services avoided anything open source and vendor viability was one of [...]

India’s impact in Latin America beyond exports

2019-02-15T14:49:43+00:00February 13th, 2019|2019, Global Edition – February 2019, Home Page|

A former ambassador traces the evolution of Indo-Latin American economic relations. The economic relations of India with Latin America have evolved in three stages, as in many Bollywood film stories: started with mutual ignorance, ran into occasional flirtation and climaxed in romance. In the Fifties, Sixties and Seventies, it was a period of mutual ignorance and indifference. India was grappling with its own survival as an independent country in the process of consolidating itself as a democracy with diverse languages, [...]