USD
A team of global investors from the Silicon Valley of the US has assured the Odisha government an investment of $300 million to promote Information Technology (IT) and Electronic System Design and Manufacturing (ESDM) units at the proposed Info-valleyIT park on the outskirts of Bhubaneshwar. Odisha is the first state in India to tie up with Silicon Valley. This [...] Continue Reading »
With Chinese companies occupying the top three slots on the list. Mukesh Ambani-led Reliance Industries (RIL) leads the pack of 54 Indian companies in Forbes’ annual list of the world’s 2000 largest and most powerful public companies. The Forbes ‘Global 2000′ is a comprehensive list of the world’s largest, most powerful public companies, as measured [...] Continue Reading »
Cosmetics Company Modi-Revlon, a joint venture between the Modi group and international cosmetics firm Revlon, is planning to open 100 stores in the next three years. Modi-Revlon chairman and chief executive Umesh Modi said in a statement, “India with its ever-growing appetite for retail spending has always been a priority market for Revlon. These are [...] Continue Reading »
A news report says that the Indian real estate firm Ajmera Mayfair Realty will raise its current investment in Bahrain Bay Development from USD 30 million to USD 300 million. News report further says that the Real estate developers Ajmera Group and Mayfair Housing have formed the Ajmera Mayfair Realty Group and jointly invested in the acquirer [...] Continue Reading »
Foreign direct investment (FDI) into the services sector dropped by 60 percent to USD 1.59 billion in the last three quarters of year. This sector includes banking, insurance, outsourcing, R&D, courier and technology testing, it received FDI worth USD 4.04 billion in the April-December period of 2012, and this is according to the data collected [...] Continue Reading »
