Investment

A number of new initiatives announced by India’s Prime Minister Narendra Modi now, with the phased goal of transforming the overall quality of life in the country’s urban centres, have been conceptualised better than his earlier ‘Make in India’ campaign....

Eros International Plc to limit investment to US$225 million in fiscal 2016, down from $267.2 million invested in fiscal 2015, said Prem Parameswaran, Group Chief Financial Officer and President of North America. “Since our near-term slate is substantially funded and the...

Seabury Corporate Finance LLC of the United States has agreed to enter into a strategic cooperation agreement with JM Financial Institutional Securities Limited, one of India’s leading investment and wealth management institutions. The Memorandum of Understanding, signed on August 10,...

California-headquartered Carl’s Jr., the premium American burger chain, said its first restaurant in India will be located at the Select CityWalk mall complex in Saket, New Delhi. Operated by Gurgaon-based Cybiz BrightStar Restaurants through a master franchise agreement with Carl’s...

Taiwan’s Hon Hai Precision Industry Co has signed a memorandum of understanding to invest US$5 billion in a new plant in the western Indian state of Maharashtra. The world’s largest contract electronics manufacturer by revenue, also known as Foxconn Technology...

Visa Inc has opened a new technology development center in Bangalore, that will play a central role in the company’s efforts to accelerate digital commerce globally. As part of the opening ceremonies on August 5, 2015, Visa announced mVisa, a...

Chicago-based Livingston International, a leading customs broker and trade compliance company, has announced expansion of its Global Trade Management (GTM) services in India and Brazil, allowing its clients to expand their global footprint and capture more of the global market....

Global investment company, KKR, will invest US$150 million into the Mumbai-based JBF Group, an entity that includes JBF’s international subsidiaries. KKR has signed a definitive agreement with JBF Industries Ltd, a leading manufacturer of polyester value-chain products. A portion of...

Viacom Inc has acquired a 50 per cent interest in Prism TV Private Limited for INR9.4 billion rupees (approximately US$153 million). Prism TV owns and operates regional entertainment channels in India, including ETV Marathi, ETV Kannada, ETV Bangla, ETV Oriya...

Progress on the divestment front in India has been slow in the first four months (Apr-Jul15) of this fiscal year, said a Singapore-based banking group, DBS. With subdued growth prospects expected to keep a lid on tax collections, indirect taxes...