L&T Construction to build power T&D lines in Bangladesh
The power transmission and distribution business of infrastructure major Larsen & Toubro (L&T) has won a slew of transmission line orders in Bangladesh.
India’s power jab
All you need to know about India's vaccine drive
Fiat Chrysler to invest $250 million in India unit to launch new SUVs
The investment will be made to locally manufacture a mid-size, three-row SUV, assemble the Jeep Wrangler and Jeep Cherokee vehicles in the country.
Sensex, Nifty hit record high as country approves COVID-19 vaccines
India is expected to start a massive immunisation program within about a week.
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Amid the protests, spare a thought for the persecuted
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
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
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
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
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, [...]