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UBS to shut India banking unit
Swiss Bank UBS AG is winding up its banking business in India as part of its global strategy of accelerating its exit from what it describes as “capital intensive business”…. Read more
Shopify announces its entry into the Indian market with SingTel
Shopify, the e-commerce platform used to create and power online stores, announced on Friday their entry into the e-commerce market space in India in partnership with SingTel, Asia’s leading communications… Read more
Italian tractor major to invest Rs 1,100 crore in India
New Holland Fiat India, part of the Italian automotive major Fiat Industrial Group plans to invest Rs 1100 crore to set up a new greenfield plant in Maharashtra and increase… Read more
Roselabs invests Rs 400 crore to set up syringes plant
Roselabs Group firms Roselabs Bioscience and Roselabs Polymers today said the group has invested over Rs 400 crore to set up a pre-filled syringes making facility near Ahmedabad with a… Read more
Govt set to ease single-brand norms
The government is set to issue fresh guidelines that will clearly stipulate that international chains entering India through the ‘single-brand’ retail window can use multiple trademarks to sell their goods…. Read more
Foreign Investment Promotion Board clears 16 FDI proposals worth Rs 1,647 crore
The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore, while deferring Punj Lloyd’s proposals for lack of security clearance. “Based on the recommendations of the Foreign… Read more
Reliance Retail to take MNCs like Walmart, Carrefour head on
Reliance Retail has initiated a furious expansion drive with special emphasis on the wholesale cash-and-carry segment to take the battle to multinationals such as Walmart and Carrefour that have to… Read more
Kirloskar Brothers Limited inaugurates second ARC in Gujarat, Surat
Kirloskar Brothers Limited (KBL), a global fluid management company inaugurated its fourth Authorised Refurbishment Centre ( ARC) at Surat, India. Chief Guest Mr H S Kohli, Executive Director, Reliance Industries… Read more
Diamantaires set eyes on Zimbabwe rough diamonds
Concerned over the weakening rupee against the dollar and increasing prices of rough diamond, diamantaires in the world’s biggest diamond cutting and polishing centre in Surat have once again set… Read more
Mahindra & Mahindra to buy 13.5% stake in Spain’s CIE Automotive
Mahindra & Mahindra Ltd, India’s largest sports utility vehicle maker, said on Saturday it had agreed to acquire a 13.5 percent stake in Spain’s auto components maker CIE Automotive SA… Read more
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