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Modi envisages 1,000 Dalit start-ups in three years

2020-10-01T11:41:28+00:00October 1st, 2020|Uncategorized|

The Indian government has launched a new initiative to handhold innovative ideas spawned by underprivileged techies and take them from concept to cash flows as part of its ambitious Start-up India initiative. This is vintage Narendra Modi at his most creative. Combining financial and social inclusion with cutting edge innovation, his government recently launched a scheme to support and help Dalits refine raw but pioneering start-up ideas into commercially viable business models. The target: Create 1,000 such start-ups over the [...]

‘Be vocal about local,’ Prime Minister Modi tells the nation

2020-08-20T04:47:52+00:00May 12th, 2020|Uncategorized|

In a late evening address to the nation, Indian Prime Minster Modi announced a stimulus-cum-reforms package that is 10 per cent of GDP and which promises to change the paradigm of the Indian economy. The fine print of the package, however, will be unveiled over the next few days. In a dramatic late evening address to the nation, Indian Prime Minister Narendra Modi announced a $290-billion stimulus-cum-reforms package, or 10 per cent of the country’s GDP. The goal: Revive the [...]

Amid the protests, spare a thought for the persecuted

2020-08-20T06:55:15+00:00December 20th, 2019|Uncategorized|

India’s new law on Citizenship has been introduced to offer asylum in India to persecuted minorities; it is about protecting human rights, not taking them away, writes India Inc. Founder & CEO Manoj Ladwa. The world must be watching with somewhat mild bemusement as protests against the new Citizenship Amendment Act (CAA) hit the headlines, but amid the shrill sloganeering it is important not to lose perspective of what lies at the core of the new legislation. The tenets of [...]

India’s measured move on RCEP an opportunity for Australia

2019-11-18T12:15:37+00:00November 18th, 2019|Uncategorized|

The head of a corporate advisory firm specialising in Australia–India relations analyses the many reasons why India pulled out of RCEP, and how this provides sufficient elbow room to  partner countries like Australia to resolve their issues bilaterally with India. Highlights: The removal of tariffs from over 90 goods would have increased the deficit to a much higher level impacting the Indian economy. The dumping of products like cheap rubber, coffee, tea, pepper, coconut from ASEAN nations would have heavily [...]

Dubai International Financial Centre to support fintech start-ups with India

2019-08-30T12:02:52+00:00August 30th, 2019|Uncategorized|

The Dubai International Financial Centre (DIFC) recently signed a deal with the government of Maharashtra in India in a bid to propel and support fintech start-ups in both the markets. The financial hub's innovative and flexible licencing will enable Indian fintech firms to scale their businesses across the Middle East Africa and South Asia. DIFC will provide tailored solutions to support the start-ups growth in fast-growing emerging markets. Start-ups based in the Centre will gain access to a $100m (Dh367 [...]

Fuji Electric to acquire UPS maker Consul Neowatt

2019-06-21T14:47:33+00:00June 21st, 2019|Uncategorized|

Fuji Electric Co. Ltd has agreed to acquire Consul Neowatt Power Solutions Pvt. Ltd, a Chennai-based maker of power backup equipment, from private equity fund Peepul Capital and some individual shareholders. The Japanese electrical equipment maker said in a statement it will use Consul Neowatt’s network of sales and service centres to expand its power electronics systems business in India, targeting mainly the manufacturing industry and the data centre market. Fuji Electric will also use the manufacturing infrastructure and product [...]

OYO to invest $300mn to boost US presence

2019-06-21T14:40:11+00:00June 21st, 2019|Uncategorized|

OYO Hotels & Homes has announced plans to invest $300 million over the next few years to grow its presence in the US. OYO Hotels & Homes currently offers its unique service at popular cities across the US, including Dallas, Houston, Augusta, Atlanta, and Miami, and promises to soon expand its presence to cities like New York, Los Angeles, and San Francisco, according to a company statement. The additional investment will be directed towards the company’s growth in the region, [...]

Tech Mahindra signs pact with Airbus

2019-06-21T14:35:57+00:00June 21st, 2019|Uncategorized|

Software and business re-engineering services firm Tech Mahindra announced the signing of a multi-year contract with Airbus for cabin and cargo design engineering. Karthikeyan Natarajan, Global Head of Engineering and IoT, Tech Mahindra, said in a statement: "Airbus is a strategic customer and partner of Tech Mahindra and it has been our constant endeavour to develop innovative engineering and digital solutions for our customers. "This will strengthen our aerospace engineering portfolio, especially in areas like cabin engineering and customer services.” [...]

Blackstone Group buys One BKC building in Mumbai

2019-06-19T09:58:16+00:00June 19th, 2019|Uncategorized|

In the year’s largest commercial real estate deal so far, US-based private equity firm Blackstone Group Lp has acquired a marquee office building in Mumbai’s Bandra Kurla Complex (BKC) for approximately $357 million (Rs 2,500 crore). Owned and developed by Mumbai-based real estate firm Radius Developers, the eight-storey building, One BKC, is spread across 700,000 sq ft and is fully leased out. Some of the big tenants include Bank of America, Facebook, Merril Lynch, Cisco and Amazon. Blackstone is also [...]