On Wednesday, India’s Reliance Industries Ltd stated, U.S. Fund General Atlantic plans on investing $498.31 million (36.75 billion rupees) for a 0.84% stake in its retail arm, marking it as the latest entrant in a series of investments at the… Read More ›
On Monday, Mint, a financial daily has reported citing sources aware of the development, that the Carlyle Group is eyeing to invest up to $2 billion in India’s Reliance Industries’ retail business. If the deal goes through, Carlyle’s investment would… Read More ›
In a statement, the U.S. Transportation Department said, it plans to restore the ability of Indian air carriers to conduct ground handling operations at U.S. airports. The quid-pro-quo moves comes in the wake of India allowing U.S. air carriers to… Read More ›
In a statement, the White House said, U.S. President Donald Trump and his counterpart Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks which they hope can lead to the first phase of a bilateral U.S.-India… Read More ›
According to two officials with direct knowledge of the matter at hand, the Indian government is planning on bringing a new law to safeguard foreign investment in the country, by speeding up dispute resolutions. In the initial 40-page draft by… Read More ›
In an effort to boost the Indian economy, the country’s finance minister Nirmala Sitharaman disclosed, she will unveil a series of infrastructure projects, later this month, as part of a plan to invest $1.39 trillion (100 trillion rupees) in the… Read More ›
In a statement, India’s information technology minister Ravi Shankar Prasad disclosed, Apple Inc will be expanding its operations in the country. Salcomp, one of Apple’s suppliers, plans on opening a plant near Chennai in southern India. Salcomp, which makes components… Read More ›
The Pan-Asia Regional Comprehensive Economic Partnership (RCEP) is unlikely to be signed during the ASEAN summit in Bangkok, Thailand. Negotiators aims to sign the pact in February 2020. According to a spokeswoman from Thailand’s government, a trade deal by Asian… Read More ›
Amazon has not clarified how and where it will utilize the money. Documents filed with the Registrar of Companies show that U.S. retailer, Amazon.com Inc has invested $634.20 million (around 45 billion rupees) into its Indian subsidiaries. Clearly, Amazon is… Read More ›
The Indian government has banned Deloitte Haskins & Sells LLP from doing business in the country following allegations of shoddy work and non-compliance to global accounting standards. In a significant development, Indian authorities have told a tribunal, Deloitte Touche Tohmatsu’s… Read More ›
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