A memorandum of understanding was finalized between Tata Group and Singapore Airlines leading the way to the formation of a new airline to service the Indian market.
Tags: India
Foreign institutional investors pour in USD1.7 billion in Indian equity market
Foreign institutional investors had poured in INR11000 billion in the Indian stock market this month following the appointment of the new RBI Governor.
Stock markets may remain volatile on RBI move
RBI had increased its short term policy repo rate to 7.5% from 7.25%, a move which could have stock markets remain volatile.
PE deals in India increased for 2013
India's private equity deals earned USD924 million for August 2013. Nearly 36 private equity deals with a volume of USD924 million were completed in August.
India plastics duties on imported materials sought revised
Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.
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Nissin Foods was reported to be in advanced discussions with India's Capital Foods for a possible buyout, said sources familiar with the matter.
Because of the proliferation of smartphones, Olympus Imaging India is scrapping its low end camera line and the focus would be on its premium brands.
The INR3,000 crore investment this fiscal year by Tata Motors would push through despite economic slowdown in India.
With an increasing number of clients needing private air carrier services, both VistaJet and NetJets are scrambling for the Indian market.
A three day summit was reported to attract a lot of investors into India's renewable energy market.
India would be inaugurating is its insurance repositories on September 16. India's Insurance Regulatory and Development Authority's insurance repositories would be inaugurated on September 16.
According to a report by The Economic Times, India Infoline would be separating its brokerage business to meet banking regulations.
According to two sources, KKR would acquire Gland Pharma for INR1 billion and would push through by the end of the month.
The sale of expensive homes in South Mumbai had dropped by 10% from 30% two years ago with rental yields decreasing by more than half.
