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Economic Survey predicts 7-7.5% GDP growth in 2018-19
As a result of a series of major reforms undertaken over the past year, India’s real GDP growth will reach 6.75% this fiscal and will rise to 7-7.5% in 2018-19Read more
TCS & Cornell Tech partner to promote joint academic and industry research
Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, announced a $50 million investment in Cornell Tech. The investment includes a significant gift for the first phase of capital development on the Roosevelt Island campus, as well as support for collaborating on technology research and expanding K-12 digital literacy programs in New York City.Read more
IndiGrid delivers robust quarterly performance
IndiGrid, India's first Infrastructure Investment Trust (InvIT) in the power sector, announced its first full quarter results. Consolidated revenue stood at INR 1,323 million on the back of high asset availability. Consolidated EBITDA for the quarter was INR 1,223 million resulting in Net Distributable Cash flow (NDCF) of INR 1,014 million.Read more
IndiGrid approves acquisition of three power transmission assets
ndiGrid, India’s first Infrastructure Investment Trust in the power sector, has approved the acquisition of three power transmission assets from its sponsor Sterlite Power Grid Ventures Ltd at a value of INR 14.9 billion. These acquisitions result in a 40% increase in AUM, from INR 38 billion to INR 53 billion.Read more
Freudenberg CEO announces big investment in Chennai
Bengaluru, May 19, 2017 – The Freudenberg Group continued its profitable growth in 2016 despite challenging conditions in multiple market segments and world regions. The global technology group achieved sales of EUR 8.6 billion, based on the pro-rata consolidation of joint ventures.Read more
Korea to partner Maharashtra for smart cities & villages, SMEs & start-up hubs
Maharashtra State Industries Minister Mr Subhash Desai and KOTRA Vice-President Mr Kim Doo Young inaugurated Korean Expo 2016 at the Bombay Exhibition Centre. Korea is amongst the Top 6 (it was Top 7 in 2015) import sources for India during January-September 2016 with India importing a total of US$ 8.9 billion (-8.7%) as compared to US$ 9.8 billion in 2015 (Jan-Sep).Read more
Business & investment opportunity in USA and immigrant investor visa program
SME Chamber of India and India – USA SME Business Council are organising seminar on “Business & Investment Opportunity in USA†and “EB-5 U.S. Immigrant Investor Visa Program†and investment based visa opportunities. The seminar is scheduled for December 14 at Hotel Sahara Star, Mumbai at 6.30 pm.Read more