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As per the data by Department of Industrial Policy and Promotion (DIPP) in 2012, India collected $22.78 billion of FDI. Services, pharmaceuticals, automobiles, construction development, telecommunications, computer software and hardware, chemicals and power were the sectors that attracted foreign investment in 2013. The countries which invested in India consist of Mauritius, Singapore, UK, Netherlands, Japan, [...] Continue Reading »
Shruti Manchanda, daughter of Infosys CEO SD Shibulal is set to expand her hospitality venture, Tamara with an investment of Rs. 150 Crores. Manchanda owns slightly less than one per cent stake in Infosys, which is worth Rs. 1,350 crore. She plans to invest up to Rs. 150 crore in her venture to set up [...] Continue Reading »
MPC Synergy Real Estate is all set to exit its investments in the real estate developing company of Anil Nanda Group as told to the Economic Times by two people familiar with the matter. A person involved in the deal with Akme Projects was quoted as saying, “The fund does not want to continue business [...] Continue Reading »
Bangalore will play host to a premier event Excon 2011, exhibition for the construction equipments, from November 23-27. The event will be organized by The Confederation of Indian Industry (CII) at the Bangalore International Exhibition Centre (BIEC). Mr A Sunderashan, Chairman of CII Chennai Zone has said the event will be one of its kind [...] Continue Reading »
