India Economy Thread

CallSignMaverick · Dec 26, 2023

London-listed flex office space provider International Workplace Group (IWG) plans to expand to Tier 2 and Tier 3 cities in India, given the increased demand for flex workplaces in these locations. “We are looking at Mangalore, Kochi, Thiruvananthapuram, and Mysuru for immediate expansion,” Harsh Lambah, Country Manager, India, IWG told Moneycontrol.

Flex office space provider International Workplace Group plans to expand to Tier 2, Tier 3 cities

Company plans to add about 10-12 workspaces in India by the end of FY23-24.

www.moneycontrol.com

Japan’s Sumitomo Mitsui Banking Corp. (SMBC), Asian Infrastructure Investment Bank (AIIB), and private equity firm Intermediate Capital Group (ICG) have committed to invest $250 million in Amp Energy India

SMBC, 2 others to invest $250 mn in Amp Energy India

SMBC, Asian Infrastructure Investment Bank, and Intermediate Capital Group will invest $250m in Amp Energy India to drive expansion plans.

www.livemint.com

Telangana drives in India's first mobility valley, eyes $6 billion investment by '2030

Telangana drives in India's first mobility valley, eyes $6 billion investment by '2030 | Hyderabad News - Times of India

Telangana is driving in India's first dedicated mobility cluster, called Telangana Mobility Valley (TMV), with an eye on drawing investments worth ove

timesofindia.indiatimes.com

Japan's Sumitomo to invest $3.6 billion in India office complexes

Sumitomo to invest $3.6bn in India office complexes

Japan company expands in country on verge of becoming most populous

asia.nikkei.com

India to be fastest growing 5G region globally by 2028: Ericsson report

India to have 700 mn 5G subscribers by 2028-end: Ericsson

Ericsson expects smartphone subscriptions in the country to clock a CAGR of 5%, reaching over 1.14 billion by 2028

www.livemint.com

Private Equity funds moving away from China to India, Japan amid geopolitical tensions

China is losing out to India and Japan as strained ties with US hurt deals, exit prospects for private equity funds, EY says

Global private equity funds are looking at India and Japan for sweeter deals, focusing away from mainland China as geopolitical strains with the US raise hurdles and hurt prospects for stock market exits, according to EY consultants. "India has become a big beneficiary of China de-risking," said...

finance.yahoo.com

IT company Axtria Inc, which focuses on the life sciences industry, has plans to hire over 1,000 people in data science, software development, and data engineering in the next eight months, the company said on Sunday.

The company is hiring for its offices in Gurugram, Bengaluru, Noida and new centres coming up in Pune and Hyderabad, Axtria said in a statement.

US-based Axtria to expand operations in India, hire 1,000 techies

USbased company Axtria plans to hire over 1,000 people in data science, software development and data engineering in India in the next eight months. Axtria, which focuses on life sciences industry, is hiring for its offices in Gurugram, Bengaluru, Noida and centres coming up in Pune and...

inshorts.com

India’s a priority market for Google, excited by tech innovation here: Senior VP Prabhakar Raghavan

google ai: India’s a priority market for Google, excited by tech innovation here: Senior VP Prabhakar Raghavan - The Economic Times

The way ahead to develop artificial intelligence (AI) systems is to "engage with scientists and technologists who understand" the technology behind it, the top Google executive said.

economictimes.indiatimes.com

Non-banking lender SMFG India Credit eyes Rs 75,000 crore ($9.5 billion) loan book by FY26

SMFG India Credit Co readies growth plan post Covid shock

SMFG owns a 74.9% stake in SMFG India Credit Company, earlier called Fullerton India, which it purchased from Singapore's Temasek Group in 2021. The Japanese bank had valued the company at ₹23,000 crore, buying the 74.9% stake for close to ₹17,000 crore in 2021.

economictimes.indiatimes.com

NaBFID raises ₹10,000 crore ($1.25 billion) through listed bonds

NaBFID debuts on BSE with Rs 10,000 crore unsecured non-convertible debt securities — should you buy? - CNBC TV18

NaBFID on June 15 raised Rs 10,000 crore through the issuance of listed bonds maturing in 10 years at 7.43 percent coupon. The infrastructure financier had said that it received bids of Rs 23,629.5 crore and the bonds were oversubscribed by about 4.7 times, as against the base issue of Rs 5,000...

www.cnbctv18.com

BankBazaar says India may cross 100 million credit card mark soon

Redirect Notice

NaBFID eyes Rs 60,000 crore ($8 billion) loan book, Rs 1 lakh crore ($12.5 billion) loan sanctions by March 2024

NaBFID To Sanction Loans Worth Rs 1 Lakh Crore In FY24, Says MD Rajkiran Rai

NaBFID plans to raise up to Rs 52,000 crore in funding during FY24.

www.bqprime.com

Tata Steel plans Rs 16,000 crore ($2 billion) capex in FY24 for domestic, global operations

Tata Steel plans ₹16,000 crore consolidated capex in FY24; check details

Of the planned amount, Tata Steel has earmarked ₹10,000 crore towards standalone operations and ₹2,000 crore for its subsidiaries in India.

www.livemint.com

Alternative Investment Fund inflows to cross $500 billion by 2030: Report

AIF inflows to cross $500 billion by 2030: Report

According to CapHive, India-focused AIFs' assets under management is expected to grow 18-25% every year till 2030, supported by increasing allocation from global institutions as well as stronger domestic flows.

economictimes.indiatimes.com

CallSignMaverick · Dec 26, 2023

Will supply the $3 billion Micron chip plant

Micron, Applied Materials, Lam Research announcements could generate 80,000 high skills jobs in India - Minister @Rajeev_GoI

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Delta Electronics to invest in renewable energy in India
The development follows a commitment of $500 million investment in India by the industrial automation giant over next 5 years to expand manufacturing capabilities and establish new research and development centres.

Delta Electronics to invest in renewable energy in India - Times of India

Industrial automation company Delta Electronics will prioritise investment in renewable energy, energy efficiency and circular economy in India. The m

timesofindia.indiatimes.com

New huge 2.2 million square feet Grade-A IT/ITeS Office Complex in Noida city

CRC Group to invest Rs 810 crore to develop commercial project in Noida

The company to invest the amount in constructing an integrated IT/ITES commercial project in Noida. The project will spread across an area of 22 lakh sq ft of built-up area

www.moneycontrol.com

Concorde will launch over 2 million square feet of commercial space over the next two years.

Concorde To Invest Rs 225 Crore To Build Commercial Projects

Concorde to invest Rs 225 crore to build commercial projects comprising 20 lakh sq ft office space

www.bqprime.com

EFC India plans to almost triple office space capacity to 60,000 seats

The institutional segment accounts for 65 percent of the company’s billed seats

www.moneycontrol.com

Government expects 4-6 semiconductor companies to invest in India: Vaishnaw

Government expects 4-6 semiconductor companies to invest in India: Vaishnaw

Micron: These companies, Vaishnaw said, were in various stages of talks with the Centre and were encouraged by its focus on developing a complete ecosystem for semiconductor fabrication instead of bringing just semiconductor fabrication units to India.

telecom.economictimes.indiatimes.com

Blackstone plans to launch Asia’s largest REIT IPO in India of up to $1 billion: Report

Blackstone plans to launch REIT IPO in India of up to $1 billion: Report

This would be the largest REIT IPO in Asia in terms of square footage and the expected issue size to be in the range of $800 million to $1 billion, report said.

www.livemint.com

Taiwan's Foreign Direct Investments in India to increase by eight times

Simon Lee, president of Taiwan Chamber of Commerce told ET that these investments will mainly be in the electronics and non-leather footwear sectors over the next three years

taiwan india fdi: Taiwan's FDI in India to increase by eight times - The Economic Times

Simon Lee, president of Taiwan Chamber of Commerce told ET that these investments will mainly be in the electronics and non-leather footwear sectors over the next three years

economictimes.indiatimes.com

Prestige Group to develop 27 million square feet office space in Bengaluru!

"We are looking forward to developing about 40 million square feet of office space, across six cities in India, with an annual rental yield of Rs 3,000 crore within five years. The construction is ongoing and we are hoping for a rental yield within 3-5 years," he added.

Prestige Group to develop 27 msf office space in Bengaluru

The company plans to generate a rental income of Rs 800-1,200 crore just from Bengaluru within five years. The idea is to develop about 40 msf of office space, across six cities, with an annual rental yield of Rs 3,000 crore within five years, says CEO Juggy Marwaha

www.moneycontrol.com

NLC India Plans To Invest ₹75,000 Crore ($9.5 billion) In Green Energy Push

Green Energy In Focus As NLC India Plans To Invest Rs 75,000 Crore

The company plans a Rs 5,000 crore plant to convert lignite coal to methanol or diesel.

www.bqprime.com

Lam Research Joins US-India Partnership, Will Train 60,000 Indian Engineers In Semiconductor Tech

Lam Research Joins US-India Partnership, Will Train 60,000 Indian Engineers In Semiconductor Tech

The collaboration between Lam Research and the governments of the United States and India marks a significant step in bridging the talent gap within the semiconductor industry , , semiconductors, Lam Research, semiconductor engineers, us govt, indian government

www.businessworld.in

India targeting $300 billion electronics manufacturing by 2026: IT minister

India: India targeting $300 billion electronics manufacturing by 2026: IT minister

"Electronics manufacturing in 2014 was about $12 billion and India's target in just over a decade by 2026 is $300 billion i.e. 20-25x growth in 11 years. Thanks to PM @narendramodi ji's decisive policies and governance," Chandrasekhar said in a tweet. According to the Vision Document 2.0...

www.gadgetsnow.com

CallSignMaverick · Dec 26, 2023

15 Gigawatt hydroelectric plant in Andhra Pradesh

Japanese companies to invest 5 trillion yen ($35 billion) in India by 2027

Read more at:

‘japanese Companies To Invest 5 Trillion Yen In India By 2027’ | Ahmedabad News - Times of India

Ahmedabad: Japanese companies are all set to invest 5 trillion yen in India by 2027, according to the Consul General of Japan in Mumbai, Dr Yasukata F.

timesofindia.indiatimes.com

Development Bank of Sigapore to set up base in GIFT City

The Development Bank of Singapore (DBS), a Singaporean multinational banking and financial services corporation, has been given approval by the International Financial Services Centre Authority (IFSCA) to set up an international banking unit (IBU) at GIFT City. GIFT City officials believe more financial companies from Singapore will enter GIFT City after the arrival of SGX Nifty.

DBS to set up base in GIFT City | Ahmedabad News - Times of India

The Development Bank of Singapore (DBS), a Singaporean multinational banking and financial services corporation, has been given approval by the Inter

timesofindia.indiatimes.com

ReNew Power, a Nasdaq listed Global Renewable Energy company, has expressed interest to invest $2.2 billion to set up one of the largest metallurgical grade silicon, polysilicon and ingot-wafer manufacturing units in Nagpur.

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Huge 11.3 million square feet Industrial Warehousing and Logistics Park to come up at Hyderabad

CallSignMaverick · Dec 26, 2023

World's Largest Diamond and Jewellery Park
Being built at the cost of $8 billion with a Built-up Area: 7.5 million square feet
5 3B+G+14 floor building.48 lakh sq. ft. Built up area.
2 3B+G+13 floor building.16 lakh sq. ft. built up area.
1 3B+G+31 floor building.10 lakh sq. ft. built up area.
Hospital+Police Station+Fire Station.1 lakh sq. ft. built up area.
Employment Generated: 1,00,000

P&G to invest Rs 2,000 crore to set up an export manufacturing hub in Gujarat
> The new facility is situated across a 50,000 sqm area in Sanand, Gujarat. The manufacturing facility is designed to be fully automated based on the modern concept of ‘Industry 4.0’, it said.

A $200 million export oriented factory can easily fetch $1 billion in export revenue each year

P&G to invest Rs 2,000 crore to set up an export manufacturing hub in Gujarat

The new unit builds on top of P&G Indias existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat where it has had a plant in Sanand, Ahmedabad, since 2015. The new facility is situated across a 5.3 lakh square feet area and will...

economictimes.indiatimes.com

Schaeffler india expands capacity at Vadodara unit

Schaeffler India ramps up capacity at Savli plant in Gujarat

German industrial supplier Schaeffler has opened a new manufacturing unit at its plant in Vadodara, Gujarat. The facility will increase production space by over 10,000 sq m and cater to growing demand in the wind, heavy industries, and railway sectors. The expansion is part of Schaeffler's...

economictimes.indiatimes.com

Attracted by govt support, Alcatel-Lucent hunts partners to Make-in-India

https://www.business-standard.com/industry/news/attracted-by-govt-support-alcatel-lucent-hunts-partners-to-make-in-india-123063000322_1.html

Services trade surplus to cover nearly two-thirds of merchandise trade deficit in FY24

Services trade surplus to cover nearly two-thirds of merchandise trade deficit in FY24

Business services is the second-largest category accounting for 23.2% of Indias services exports in FY23 after software exports (45.1%).

economictimes.indiatimes.com

India's first domestically built 700 MW nuclear reactor starts commercial operations in Gujarat
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India's first domestically built 700 MW nuclear reactor starts commercial operations in Gujarat

India's first indigenously developed 700 MW nuclear power reactor has started commercial operations at the Kakrapar Atomic Power Project in Gujarat. The reactor is currently operating at 90% of its total power capacity. The Nuclear Power Corporation of India Limited (NPCIL) plans to build...

economictimes.indiatimes.com

India has been able to increase the value addition in mobile manufacturing to 20% within a period of 3 years whereas Vietnam achieved 18% value addition over 15 years and China achieved 49% value addition in over 25 years.

India's PLI scheme is up for review: What's the status of mega manufacturing plan?

The government is reviewing its Production-Linked Incentive (PLI) scheme and considering reopening the window for some sectors. The PLI scheme aims to boost Indian manufacturing by subsiding production to better compete with other countries. Currently available in 14 manufacturing sectors, there...

economictimes.indiatimes.com

India's app economy to touch $792 billion by 2030: report
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India's app economy to touch $792 billion by 2030: report

The report prepared jointly by ICRIER senior visiting professor Rekha Jain and IIM Ahmedabad professors Viswanath Pingali and Ankur Sinha is based on the assumption that the app economy will grow at the rate of 2.5 times the GDP growth as of 2030.

economictimes.indiatimes.com

Investing in Space: India is the industry's 'sleeping giant,' according to an expert behind the international Artemis Accords

Investing in Space: India is the industry's 'sleeping giant,' according to an expert behind the international Artemis Accords

India's no slouch when it comes to space, but the announcements come at a notable time: Russia is steadily fading away as a space superpower.

www.cnbc.com

Analysis: India's aerospace suppliers see upside in parts-making from record jet orders

https://www.reuters.com/business/aerospace-defense/indias-aerospace-suppliers-see-upside-parts-making-record-jet-orders-2023-06-28/

IIFL Fin raises $175m through ECB route for lending biz
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IIFL Fin raises $175m through ECB route for lending biz

IIFL Finance, the non-banking finance arm of IIFL, has raised $175 million through a three-year external commercial borrowing (ECB) from lenders including HSBC and Bank of Baroda. The loan, priced at SOFR +200 basis points, will be used for onward lending purposes. $75 million was raised from...

economictimes.indiatimes.com

Indian companies fundraising from overseas up 12% to $9.7 billion in H1 2023

https://www.business-standard.com/companies/news/india-inc-s-fundraising-from-overseas-up-12-to-9-7-billion-in-h1-2023-123062900866_1.html

India's average growth rate likely to be 6.7% till FY27, consumer activity to be lead driver: S&P

India's average growth rate likely to be 6.7% till FY27, consumer activity to be lead driver: S&P

The factors that are driving the slowdown from 7.2 per cent growth last fiscal are weaker external environment, moderation in pent-up demand, and softening private consumption activity, Rana said, adding, with tighter monetary policy there is expected to be some impact on consumer demand.

economictimes.indiatimes.com

CallSignMaverick · Dec 26, 2023

Good Capital launches $50 million fund to back startups leveraging AI

Seed-stage, India-focused VC firm Good Capital on Friday announced a new $50 million fund to back founders who are leveraging AI for distribution, personalisation or business operations.

economictimes.indiatimes.com

Karnataka: Mobile components manufacturer to set up Rs 250 crore unit in Belagavi

The company has asked the government to provide 30 acres of land for this purpose.

www.moneycontrol.com

DealShare to invest ₹1,000 croroe in private labels, small brands

Read more at:

DealShare to invest Rs 1,000 cr in private labels, small brands - ET Retail

Currently, private labels contribute about 10 per cent to the company’s business. Medda expects private brands to drive 30 per cent of DealShare’s business in the next 2-3 years.

retail.economictimes.indiatimes.com

Bengaluru tunnel road to cost Rs 50,000 crore ($6.25 Billion)

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Bengaluru tunnel road to cost Rs 50,000 crore

Bengaluru’s proposed tunnel road will cost a staggering Rs 50,000 crore to build and reduce travel time between the city’s five major arterial roads to just 20 minutes.

www.deccanherald.com

Services trade surplus to cover nearly two-thirds of merchandise trade deficit in FY24

Read more at:

Services trade surplus to cover nearly two-thirds of merchandise trade deficit in FY24

Business services is the second-largest category accounting for 23.2% of Indias services exports in FY23 after software exports (45.1%).

economictimes.indiatimes.com

Radisson Hotel Group advances on its 2023 expansion plans with 11 new hotel signings in India

Radisson Hotel Group advances on its 2023 expansion plans with 11 new hotel signings in India

The group also announced the debut of its luxury lifestyle brand, Radisson Collection in India with the signing of the first hotel in Hyderabad while expanding its portfolio across other brands, including Radisson Blu, Radisson, Park Inn & Suites by Radisson, and Radisson Individuals Retreats, a...

hospitality.economictimes.indiatimes.com

Aiming high. Chinese electronics component makers look to form Joint Ventures with Indian players

Chinese electronics component makers look to form JVs with Indian players

Chinese electronics component makers are looking to partner with Indian companies, seeking to get a share of the burgeoning local manufacturing opportunities. According to sources, some Chinese players are willing to set up joint ventures and give controlling stake to Indian firms as a...

www.thehindubusinessline.com

CallSignMaverick · Dec 26, 2023

Japan's NTT launches a $300 million hyperscale data centre campus in Chennai
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NTT launches a $300 million data centre campus in Chennai

www.deccanherald.com

Decoding Bharat Innovation Fund’s $100 Million Deeptech Investment Play In India

Decoding Bharat Innovation Fund’s $100 Mn Deeptech Investment Play In India

Ashwin Raguraman of Bharat Innovation Fund (BIF) are betting big on the India’s deeptech startup ecosystem, which is growing at a pace never seen before.

inc42.com

NSE Gets Trading Approval For GIFT City, 8 Major U.S. Stocks To Be Traded

Initially, the exchange will start trading in 8 counters – Alphabet, Amazon, Tesla, Meta, Microsoft, Netflix, Apple and Walmart. Eventually, other big companies like Berkshire Hathaway, Mastercard, JP Morgan Chase, Morgan Stanley, Nike, Paypal, Pepsico, Pfizer and Intel will join the Gift City platform for trading.

NSE Gets Trading Approval For Gift City, 8 Major U.S. Stocks To Be Traded

You will soon be able to buy blue-chip American stocks in rupees. Gift City NSE IFSC has received approval to trade receipts of 50 US-based stocks. Initially, the exchange will start trading in 8 counters – Alphabet, Amazon, Tesla, Meta, Microsoft, Netflix, Apple and Walmart. Eventually, other...

www.businesstoday.in

Blue Eye Soft International to Operate in India’s GIFT City

Blue Eye Soft International to Operate in India’s GIFT City

First Foreign Space Tech Company to Receive Regulatory Approval

www.einnews.com

India a key destination to strengthen global supply chains for Taiwanese tech firms: Deputy Minister for Taiwan's National Development

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India a key destination to strengthen global supply chains for Taiwanese tech firms: Dy Min for Taiwan's National Development

Leading Taiwanese technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market amid the self-governed island's increasingly tense relations with China. Deputy Minister for Taiwan's National Development Kao Shien-Quey said there...

economictimes.indiatimes.com

Leading Taiwanese firms looking at relocating production bases to India: Policymakers

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India a key destination to strengthen global supply chains for Taiwanese tech firms: Dy Min for Taiwan's National Development

Leading Taiwanese technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market amid the self-governed island's increasingly tense relations with China. Deputy Minister for Taiwan's National Development Kao Shien-Quey said there...

economictimes.indiatimes.com

India's Bharat Petroleum to raise $2.19 billion in green energy push

https://www.reuters.com/world/india/indias-bharat-petroleum-raise-219-bln-through-rights-issue-2023-06-28/

Engine maker Cummins to invest $1 billion in India
Read more at:

Engine maker Cummins to invest $1 billion in India

Cummins Group plans to invest $1bn in India over the next decade and recruit 4,000 staff as it shifts from fossil fuel engines to hydrogen and green energy options. Most of its Indian business is in Tata Cummins. In April, it partnered with Tata Motors to develop low-to zero-emission products...

economictimes.indiatimes.com

GAIL plans $4.9 billion ethane cracker in West India

Indian companies are boosting their petrochemical production capacity as the expanding economy boosts the need for goods ranging from plastics to paints and adhesives. A cracker produces ethylene, required for products such as plastics.

www.moneycontrol.com

India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030

India’s Global Capability Centers Market to Reach US$110 Billion by 2030

India's global capability centers (GCC/GIC) market is thriving, with a projected CAGR of 14 percent for the period from 2023 to 2030.

www.india-briefing.com

Market size of India's online retail sector likely to touch $325 billion by 2030: Deloitte India report
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Market size of India's online retail sector likely to touch $325 billion by 2030: Deloitte India report

The report attributes these projections to the rapid growth of e-commerce in tier-2 and tier-3 cities, which have surpassed tier-1 markets in terms of total orders.

economictimes.indiatimes.com

CallSignMaverick · Dec 26, 2023

Metal giant JTL Industries mulls bonus after announcing Rs 330 crore capex

Metal giant JTL Industries mulls bonus after announcing Rs 330 crore capex

The immediate enhancement of 1 lakh tonne each will come up at the Malegaon plant in Maharashtra and the Raipur mill in Chhattisgarh, which will take their overall output to 3 lakh tonne each, the PTI report said.

www.indiatvnews.com

Petronas to invest US$4.1billion in Tamil Nadu, India

Petronas to invest US$4.1bil in Tamil Nadu, India | New Straits Times

Petroliam Nasional Bhd (Petronas) plans to invest 340 billion rupees (about US$4.1 billion) in projects in the southern Indian state of Tamil Nadu, local media reported on Wednesday.

www.nst.com.my

India's hydrogen market to surge: Morgan Stanley projects $19 billion opportunity by 2030

Green hydrogen is considered cleaner as it is produced by splitting water using renewable sources such as solar and wind energy. This process involves the use of an electrolyser, and numerous Indian companies are investing in this technology.

www.cnbctv18.com

Indian govt proposes billion-dollar subsidy for grid battery makers: Report

The Indian government is developing a subsidy program worth $2.63 billion to support domestic production of electricity grid batteries, aiming to decrease reliance on China for imports. The initiative is part of India's shift towards clean energy.

www.livemint.com

CallSignMaverick · Dec 26, 2023

CallSignMaverick · Dec 26, 2023

Lulu Group to invest Rs 10,000 crore ($1.25 billion) in India over 3 years to complete ongoing projects

Lulu Group plans to invest Rs 10,000 crore in India over next three years

A brand new Lulu Mall in Hyderabad, spanning five lakh square feet and constructed with a total investment of Rs 300 crore, is scheduled to be inaugurated in August, 2023

www.businesstoday.in

Former Japanese PM Suga To Lead Large Business Delegation To Push Investments In India, Will Be Accompanied By 'Ganesha Group' MPs

Former Japanese PM Suga To Lead Large Business Delegation To Push Investments In India, Will Be Accompanied By 'Ganesha Group' MPs

swarajyamag.com

World Bank approves $1.5 billion financing for India’s energy transition

World Bank approves $1.5 bn financing for India’s energy transition

A statement from the World Bank said that the financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.

www.livemint.com

ICEA sets up taskforce to take India-US electronics trade to $100 billion in a decade

ICEA sets up task force to raise Indo-US electronics trade to $100 billion by 2033

This comes after India and the United States joined forces to drive forward transformative initiatives, following Modi’s state visit to the US last month

www.livemint.com

Indian tyre Industry revenue to soar to US$22 billion by fiscal 2032: ATMA report

Indian tyre Industry revenue to soar to USD 22 bn by fiscal 2032: ATMA report - ET Auto

Atma: The report estimates the industry’s turnover will increase 100 basis points to 3.4% of India’s manufacturing gross domestic product (GDP) by fiscal 2032 compared with 2.2% in fiscal 2022. Further, its contribution to Goods and Services Tax (GST) will rise to USD 4.1 billion from USD 2.0...

auto.economictimes.indiatimes.com

Major growth. Honeywell aims to double $1 billion India business

Honeywell aims to double $1 billion India business

Honeywell expects major growth to come from micro, small, and medium enterprises (MSMEs), east for east (local sourcing and manufacturing for the local market), digitisation, automation and sustainability solutions, as it gears up to double its current $1 billion business from India

www.thehindubusinessline.com

India registered FII equity inflow of $12 billion for June quarter

India registered FII equity inflow of $12 billion for June quarter

in.investing.com

India Inc's fundraising from overseas up 12% to $9.7 billion in H1 2023 (January to June)

https://www.google.com/amp/s/www.business-standard.com/amp/companies/news/india-inc-s-fundraising-from-overseas-up-12-to-9-7-billion-in-h1-2023-123062900866_1.html

Oracle India SaaS business recorded 43 per cent growth in Q4

Oracle India SaaS business recorded 43 per cent growth in Q4

Oracle India has seen momentum across industries such as healthcare, financial services, manufacturing, IT/ ITeS, BFSI, and the public sector.

www.google.com

Government Raises Record-breaking Rs 70,000 Crore ($9 billion) From Highway Monetisation, To Fuel Infrastructure Development

Government Raises Record-Breaking Rs 70,000 Crore From Highway Monetisation, To Fuel Infrastructure Development

The improved connectivity will contribute to the overall growth and progress of the nation.

swarajyamag.com

Global trade fairs on cards; sectoral targets for $1 trillion exports by 2030

Global trade fairs on cards; sectoral targets for $1 trillion exports by ’30

Officials said investment promotion arm Invest India, which is also drawing up the countrys trade strategy, has identified 100-odd companies across 30 sectors and 30 countries, and around a 100 more being shortlisted as part of the Strategic Investment Targets Initiative. Besides, sectoral...

m.economictimes.com

IndiGo places record order for 500 Airbus A320 aircraft

IndiGo places record order for 500 Airbus A320 aircraft

The engine selection for this order will be done in due course and so will be the exact mix of A320 and A321 aircraft, the company said in a statement.

www.google.com

The Race to $300 Billion: Can India’s Biotech Sector Achieve the Unthinkable in Just 8 Years?

The Race to $300 Billion: Can India's Biotech Sector Achieve the Unthinkable in Just 8 Years?

Biotech Sector $300 Billion Goal - How Close Are We? The Race to $300 Billion: Can India's Biotech Sector Achieve this goal Just 8 Years?

www.biotecnika.org

Taiwanese EV Giant Gogoro Signs $1.5 Billion Mega Deal With Maharashtra To Manufacture Vehicles, Smart Battery Packs, Battery Swap Stations

Taiwanese EV Giant Gogoro Signs $1.5 Billion Mega Deal With Maharashtra To Manufacture Vehicles, Smart Battery Packs, Battery Swap Stations

Gogoro is well-known for its high-speed electric scooters and their swappable batteries, which eliminate the need to stop and charge the scooter for several hours.

swarajyamag.com

CallSignMaverick · Dec 26, 2023

CallSignMaverick · Dec 26, 2023

Boeing to significantly ramp up sourcing from India: Salil Gupte

Boeing to significantly ramp up sourcing from India: Salil Gupte

Boeing will ramp up its sourcing from the country from current $ 1 billion annually. Boeing India president Salil Gupte has told TOI that Prime Minister Modi’s recent US visit has “certainly laid the groundwork for engine manufacturing” in the country.

infra.economictimes.indiatimes.com

A Japanese conglomerate is leading the race among the bidders to acquire the land which has a development potential of 2 million square feet for commercial purposes.

https://www.business-standard.com/industry/news/bombay-dyeing-to-sell-central-mumbai-land-parcel-at-rs-5-000-cr-valuation-123070500688_1.html

E-Commerce Growth In India To Hit $150 Billion By 2026: Report

E-Commerce Growth In India To Hit $150 Billion By 2026: Report

UPI’s dramatic success derives largely from its seamless interoperability with commercial wallets such as Google Pay, Paytm, and PhonePe, the report said.

zeenews.india.com

India received 3rd highest FDI in the world in 2022, report by UN body finds

India received 3rd highest FDI in the world in 2022, report by UN body finds

UN Conference on Trade and Development report also found that Indian companies were increasingly investing in new projects abroad, with such outward investment tripling in 2022.

theprint.in

CallSignMaverick · Dec 26, 2023

Google to set up new data center in Navi Mumbai; Rents 3.81 lakh square feet land

The proposed data center is part of the tech giant's efforts to expand cloud infrastructure in India.

Google to set up new data center in Navi Mumbai; Rents 3.81 lakh sq ft land

Maharashtra Industrial Development Corporation's industrial estate located in Navi Mumbai is all set to house Google's latest data center in

www.knocksense.com

Industrial & warehousing sector recorded space absorption of 22.4 million sq ft in H1 2023: Savills India

https://www.financialexpress.com/money/industrial-amp-warehousing-sector-recorded-space-absorption-of-22-4-mn-sq-ft-in-h1-2023-savills-india/3158312/

Tamil Nadu targeting manufacturing deals with half of the world's top electronics majors, says industries minister

Tamil Nadu targeting manufacturing deals with half of the world's top electronics majors, says industries minister - CNBC TV18

Tamil Nadu has set its sights on becoming a production base for at least half the total number of manufacturers in the electronics supply chain, said the state's industries minister in a chat with CNBC-TV18.

www.cnbctv18.com

Nifty @ record high: Foreign investors pour in nearly $3 billion on Dalal Street this week

Nifty @ record high: Foreign investors pour in nearly $3 billion on Dalal Street this week

FII strategy is focussed more on country-specific factors rather than sectoral prospects within a country. Thats why they adopted the ‘Sell India, Buy China strategy in Jan and February. During these 2 months, FIIs sold financial services for Rs 15,744 crores. Now, pursuing the ‘Sell China, Buy...

economictimes.indiatimes.com

CallSignMaverick · Dec 26, 2023

PetroChina International, Tourism Australia lease offices in Maker Maxity in BKC

The oil and gas giant and Australia’s tourism authority have leased offices in the premium office complex in Bandra Kurla Complex

PetroChina International, Tourism Australia lease offices in Maker Maxity in BKC

The oil and gas giant and Australia’s tourism authority have leased offices in the premium office complex in Bandra Kurla Complex

www.hindustantimes.com

Axis AMC leases two floors in Macrotech Developers' Mumbai tower

Axis AMC leases two floors in Macrotech Developers' Mumbai tower - ET RealEstate

The company’s headquarters — currently in Wadia International Center on Worli’s Budhkar Marg — is expected to be shifted to this place soon, in line with its expansion and consolidation plan.

realty.economictimes.indiatimes.com

Godrej & Boyce announces a new facility at Khalapur in Maharashtra

Godrej & Boyce announces a new facility at Khalapur in Maharashtra - ET Infra

Godrej Group: Anil G Varma, Executive director & chief Executive director said to ETInfra, "With the 4 times the area of the existing facility of Vikhroli, the production capacity of the new facility will be 4 times as per the demand and as per the launches as the capacity is not the problem.

infra.economictimes.indiatimes.com

CallSignMaverick · Dec 26, 2023

Blackstone, Brookfield among firms eyeing 3,335 MW data centre capacity in India!

Analysts say companies need ₹1.5 trillion ($20 billion) for it.

Written by Raghavendra Kamath
July 12, 2023 05:00 IST
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According to industry experts, about ₹1.5 trillion is required to build the data centre capacity planned by these companies. (Image: Representational)

Ventures formed by Blackstone, Brookfield, AdaniConnex, Hiranandani, Digital Edge and others are planning to add 3,335 MW of data centre capacity in the coming years. According to industry experts, about ₹1.5 trillion ($20 billion) is required to build the data centre capacity planned by these companies.

According to Crisil estimates, the data centre capacity in the country is expected to double from about 870 MW in FY22 to 1,700-1,800 MW by FY25.

AdaniConnex has already said the company is planning to build almost 1,000-megawatt data centres over 10 years. Recently, it has executed a $213 million senior debt facility with participation from international banks to finance its under-construction data centre portfolio of 67 MW in Noida and Chennai.
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https://www.financialexpress.com/in...ry-by-53-08-to-rs-1631-crore-in-fy23/3165648/
Blackstone-backed Lumina Cloud Infra plans to develop 600 MW data centre capacity, a company spokesperson said.

Lumina cloud Infra recently started the construction of its first data centre in the heart of Navi Mumbai in Airoli. It consists of data centre buildings that are expected to exceed 60 megawatt of critical IT load.

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The first phase of the construction is expected to be completed by 2025. Lumina is also on the path to start work on the second site at Mahape, Navi Mumbai, the spokesperson said.

“India’s data centre ecosystem is seeing robust and sustained growth, propelled by data proliferation trends. Industry capacity is expected to grow significantly in the next one-two years and Mumbai will continue to lead and account for 52% of the country’s total capacity,” the Blackstone spokesperson said .

Brookfield and Digital Realty’s joint venture BAM Digital Realty’s first phase, 20 MW greenfield data centre on a 100 MW campus in Chennai, is on track for launch at the end of 2023, a Brookfield spokesperson said.

It recently acquired 2.15 acres in Mumbai’s Chandivali to build a new data centre, its second in the country. This facility will deliver 35 MW of IT load.

“As India vies to become the world’s third largest economy by 2027, digitisation has accelerated. This has led to exponential data growth, and in turn, is driving significant demand for data centre capacity in India, which is expected to reach an installed capacity of ~1,400 MW by the end of 2025,” the Brookfield spokesperson said .

Upon completing both projects, BAM Digital Realty’s total planned capacity in India will be 135 MW, the spokesperson said.

Hiranandani Group’s data centre venture Yotta has a pipeline of six hyper-scale data centre parks across the country, slated to be launched by 2025. This is in addition to their live data centres in Navi Mumbai and Greater Noida, said Yotta CEO and MD Sunil Gupta.

“Yotta’s expansion is strategically planned to cover key regions throughout the country, in line with our objective to create a hyper-connected network of hyper-scale data centres. Our upcoming data centre parks cover cities like Chennai, Gift City (Ahmedabad), Pune and Mumbai,” Gupta said.

Along with new data centre parks, its focus remains on adding more capacity at existing data centre parks in Navi Mumbai and Greater Noida, he said.

In addition, Yotta will also build a network of smaller scale edge data centres in tier II and tier III cities. In the first phase of edge data centre development, it has identified cities such as Guwahati, Bhubaneshwar, Chandigarh and Coimbatore. “Overall, our aggressive investments will add around 1,300 MW of data centre capacity across India by 2030. We are also going international with a data centre park in Dhaka, Bangladesh and have identified other potential markets in Southeast Asia.” he said .

Digital Edge DC (India), a JV between Digital Edge DC, National Investment and Infrastructure Fund (NIIF) and AGP DC InvestCo (AGP), has plans to build a 300 MW data centre campus in Navi Mumbai, which is expected to be one of the largest facilities in Asia when completed.
Its 47-acre plot of freehold land will facilitate a multi-phase campus and is designed to cater to hyper-scale, high-power density deployments, including build-to-suit and customised solutions. “The first phase of development is expected to be ready-for-service in late 2024,”said Samuel Lee, Digital Edge CEO.

Lee said their Navi Mumbai project is the first of what it expect to be a longer term partnership to build a pan India data centre platform. “We are exploring potential sites for future development across India’s major data centre hubs and will continue to listen to our customers to ensure we are in the metros where they need us to be,” Lee said.

Rachit Mohan, head of data centre advisory, JLL India said, the strong demand growth witnessed in the past a few years has led to global and domestic players setting up data centres in the country.

The government objective of $ 1-trillion digital economy by 2025, the rollout of 5G, increased bandwidth capacity due to new submarine cable landing, growth of internet-of-things (IoT) devices and increasing use of artificial intelligence with machine learning is going to drive future demand for data centres, Mohan said.

“India is likely to emerge as a global data centre hub, being the most cost-competitive globally,” he said.

https://www.financialexpress.com/industry/blackstone-brookfield-among-firms-eyeing-3335-mw-data-centre-capacity/3165896/

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Goldman Sachs Services leases nine floors in Hyderabad at a rent of Rs 4.14 crore per month

The 3.5 lakh sq ft of office space has been rented for 117 months, and a security deposit of Rs 35.2 crore made.

www.moneycontrol.com

Taiwan's ADATA approved capital injection plan for making memory modules in India
ADATA announced in a regulatory filing on July 10 that its board of directors approved a capital injection worth up to US$25 million into its Indian subsidiary, ADATA Semiconductor Private Limited, to set up a new manufacturing facility there.

ADATA approved capital injection plan for making memory modules in India

ADATA announced in a regulatory filing on July 10 that its board of directors approved a capital injection worth up to US$25 million into its Indian subsidiary, ADATA Semiconductor Private Limited, to set up a new manufacturing facility there.

www.digitimes.com

India's Polymatech aims to become leading opto-semiconductor chips manufacturer, invest $1 billion in chip manufacturing.

India's Polymatech aims to become leading opto-semiconductor chips manufacturer

In response to the Indian government's Semiconductor Mission aimed at transforming the nation into a semiconductor powerhouse, several companies have shown interest in establishing assembly, testing, marking, and packaging (ATMP) facilities. Even though there are no definitive plans in place...

www.digitimes.com

Homegrown Polymatech to invest $1 bn in chip manufacturing in India

Polymatech has successfully completed all required trials with the first phase of imported machinery that has a capacity of 250 million chips. To make India a leading semiconductor manufacturing hub, the government announced a Rs 76,000 crore production-linked scheme (PLI) package last year.

zeenews.india.com

CallSignMaverick · Dec 26, 2023

US-based digital manufacturer Fictiv sets up India HQ in Bengaluru.
Fictiv to use $100 million Series E funding to expand globally, mitigate supply chain risks for customers.
Fictiv Launches Bengaluru, India Operation as the next major hub in its expanding global manufacturing network.

Fictiv Launches Bengaluru, India Operation as the next major hub in its expanding global manufacturing network

BusinessWire India Bengaluru (Karnataka) [India], July 12: Fictiv today announced a major milestone on its path to becoming the world’s operating system for custom manufacturing with the opening of its India-based headquarters in Bengaluru. After an initial launch in Pune and positive feedback...

theprint.in

Johnson Controls unveils OpenBlue Innovation Centre in Bengaluru

Global leader in smart, healthy, and sustainable buildings, Johnson Controls, has officially opened its most extensive OpenBlue Innovation Centre in Bengaluru, Karnataka. The centre, which is the

business-news-today.com

Valeo opens Satellite Tech Centre in Bengaluru as part of its Global Tech Centre in Chennai - ET Auto

Satellite Tech Centre: With the creation of new technology-focused positions, this Satellite Centre will focus on end-to-end Software and system engineering, Electronics, Mechanical engineering, addressing the core market trends in electrification, autonomous driving, reinvention of interior...

auto.economictimes.indiatimes.com

Carl Zeiss India plans to hire 800 people with the launch of new facility

Carl Zeiss India is set to hire 800 employees as it launches the first phase of its largest vision factory worldwide. The 34-acre facility, located in Devanahalli Airport, Bangalore, will require a total investment of Rs. 2500 crore and is expected to be operational by the end of 2024. The...

www.thehindubusinessline.com

Vonage opens its Research and Development Centre of Excellence in Bengaluru - Express Computer

Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, announced that it is furthering its commitment to driving innovation by opening a Research and Development (R&D) […]

www.expresscomputer.in

Make in India: Nestlé to set up plant in Odisha, invest ₹900 crore

Make in India: Nestlé to set up plant in Odisha, invest Rs 900 crore

The Swiss food and beverages giant has secured approval from the state government; will start building its 10th plant in the country soon

www.businesstoday.in

CapFort Ventures launches Rs 200 cr India tech fund, to invest in 40 startups

CapFort Ventures launches Rs 200 cr India tech fund, to invest in 40 startups

New Delhi: Micro-VC fund CapFort Ventures on Wednesday launched a Rs 200 crore India-focused tech fund that plans to invest in more than 40 startups in

www.siasat.com

Maxivision bags Rs 1,300cr investment from Quadria Capital

Maxivision bags Rs 1,300cr investment from Quadria Capital - Times of India

India Business News: HYDERABAD: In what is being touted as one of the largest investments in India’s eyecare space, Hyderabad-based Maxivision Eye Hospital has raised up t.

timesofindia.indiatimes.com

Henkel will boost tech, lab infra investments, says CEO

Henkel will boost tech, lab infra investments, says CEO - Times of India

India Business News: German chemical and consumer goods major Henkel CEO Carsten Knobel has said India remains a strong market and a top investment destination for the adh.

timesofindia.indiatimes.com

Strata partners with India Land and Global Group to explore new investment opportunities in Pune

Strata partners with India Land and Global Group to explore new investment opportunities in Pune

Through this partnership, Strata is planning to raise Rs 150+ crore in phase 1 for a Grade-A office asset in Pune's Hinjewadi.

www.cnbctv18.com

EIB to provide €1 billion for India’s National Green Hydrogen Mission

EIB to provide EUR 1 billion for India’s National Green Hydrogen Mission

European Investment Bank (EIB) Vice-President Kris Peeters will confirm a EUR 1 billion loan for India’s National Green Hydrogen Mission on his four-day business visit to India this week.

www.pv-magazine-india.com

PE investment in real estate climbs to $1.3 billion in Q2: Savills India

PE investment in real estate climbs to $1.3 billion in Q2: Savills India

Foreign institutional investors dominated the inflows, primarily targeting core office assets in Mumbai, the NCR, and Hyderabad.

www.moneycontrol.com

India Economy Thread

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Japan's Sumitomo to invest $3.6 billion in India office complexes​

India to be fastest growing 5G region globally by 2028: Ericsson report​

Private Equity funds moving away from China to India, Japan amid geopolitical tensions​

Non-banking lender SMFG India Credit eyes Rs 75,000 crore ($9.5 billion) loan book by FY26​

NaBFID raises ₹10,000 crore ($1.25 billion) through listed bonds​

BankBazaar says India may cross 100 million credit card mark soon​

Tata Steel plans Rs 16,000 crore ($2 billion) capex in FY24 for domestic, global operations​

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EFC India plans to almost triple office space capacity to 60,000 seats​

Blackstone plans to launch Asia’s largest REIT IPO in India of up to $1 billion: Report​

Taiwan's Foreign Direct Investments in India to increase by eight times​

Prestige Group to develop 27 million square feet office space in Bengaluru!​

Lam Research Joins US-India Partnership, Will Train 60,000 Indian Engineers In Semiconductor Tech​

India targeting $300 billion electronics manufacturing by 2026: IT minister​

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Development Bank of Sigapore to set up base in GIFT City​

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Schaeffler india expands capacity at Vadodara unit​

Attracted by govt support, Alcatel-Lucent hunts partners to Make-in-India​

Analysis: India's aerospace suppliers see upside in parts-making from record jet orders​

Indian companies fundraising from overseas up 12% to $9.7 billion in H1 2023​

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Good Capital launches $50 million fund to back startups leveraging AI​

Karnataka: Mobile components manufacturer to set up Rs 250 crore unit in Belagavi​

Aiming high. Chinese electronics component makers look to form Joint Ventures with Indian players​

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Decoding Bharat Innovation Fund’s $100 Million Deeptech Investment Play In India​

NSE Gets Trading Approval For GIFT City, 8 Major U.S. Stocks To Be Traded​

Blue Eye Soft International to Operate in India’s GIFT City​

India's Bharat Petroleum to raise $2.19 billion in green energy push​

GAIL plans $4.9 billion ethane cracker in West India​

India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030​

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Metal giant JTL Industries mulls bonus after announcing Rs 330 crore capex​

Petronas to invest US$4.1billion in Tamil Nadu, India​

India's hydrogen market to surge: Morgan Stanley projects $19 billion opportunity by 2030​

Indian govt proposes billion-dollar subsidy for grid battery makers: Report​

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Boeing to significantly ramp up sourcing from India: Salil Gupte​

E-Commerce Growth In India To Hit $150 Billion By 2026: Report​

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Google to set up new data center in Navi Mumbai; Rents 3.81 lakh square feet land​

Industrial & warehousing sector recorded space absorption of 22.4 million sq ft in H1 2023: Savills India​

Tamil Nadu targeting manufacturing deals with half of the world's top electronics majors, says industries minister​

Registered Member

PetroChina International, Tourism Australia lease offices in Maker Maxity in BKC​

The oil and gas giant and Australia’s tourism authority have leased offices in the premium office complex in Bandra Kurla Complex​

Registered Member

Japan's Sumitomo to invest $3.6 billion in India office complexes

India to be fastest growing 5G region globally by 2028: Ericsson report

Private Equity funds moving away from China to India, Japan amid geopolitical tensions

Non-banking lender SMFG India Credit eyes Rs 75,000 crore ($9.5 billion) loan book by FY26

NaBFID raises ₹10,000 crore ($1.25 billion) through listed bonds

BankBazaar says India may cross 100 million credit card mark soon

Tata Steel plans Rs 16,000 crore ($2 billion) capex in FY24 for domestic, global operations

EFC India plans to almost triple office space capacity to 60,000 seats

Blackstone plans to launch Asia’s largest REIT IPO in India of up to $1 billion: Report

Taiwan's Foreign Direct Investments in India to increase by eight times

Prestige Group to develop 27 million square feet office space in Bengaluru!

Lam Research Joins US-India Partnership, Will Train 60,000 Indian Engineers In Semiconductor Tech

India targeting $300 billion electronics manufacturing by 2026: IT minister

Development Bank of Sigapore to set up base in GIFT City

Schaeffler india expands capacity at Vadodara unit

Attracted by govt support, Alcatel-Lucent hunts partners to Make-in-India

Analysis: India's aerospace suppliers see upside in parts-making from record jet orders

Indian companies fundraising from overseas up 12% to $9.7 billion in H1 2023

Good Capital launches $50 million fund to back startups leveraging AI

Karnataka: Mobile components manufacturer to set up Rs 250 crore unit in Belagavi

Aiming high. Chinese electronics component makers look to form Joint Ventures with Indian players

Decoding Bharat Innovation Fund’s $100 Million Deeptech Investment Play In India

NSE Gets Trading Approval For GIFT City, 8 Major U.S. Stocks To Be Traded

Blue Eye Soft International to Operate in India’s GIFT City

India's Bharat Petroleum to raise $2.19 billion in green energy push

GAIL plans $4.9 billion ethane cracker in West India

India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030

Metal giant JTL Industries mulls bonus after announcing Rs 330 crore capex

Petronas to invest US$4.1billion in Tamil Nadu, India

India's hydrogen market to surge: Morgan Stanley projects $19 billion opportunity by 2030

Indian govt proposes billion-dollar subsidy for grid battery makers: Report

Boeing to significantly ramp up sourcing from India: Salil Gupte

E-Commerce Growth In India To Hit $150 Billion By 2026: Report

Google to set up new data center in Navi Mumbai; Rents 3.81 lakh square feet land

Industrial & warehousing sector recorded space absorption of 22.4 million sq ft in H1 2023: Savills India

Tamil Nadu targeting manufacturing deals with half of the world's top electronics majors, says industries minister

PetroChina International, Tourism Australia lease offices in Maker Maxity in BKC

The oil and gas giant and Australia’s tourism authority have leased offices in the premium office complex in Bandra Kurla Complex