Reliance Industries is expanding its presence in India’s fast-moving consumer goods (FMCG) market by focusing on affordable products for around 60 crore mass-market consumers, according to T Krishnakumar, director of Reliance Consumer Products (RCPL). The strategy includes partnering closely with…
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India is set to open its government procurement market to foreign companies. This shift follows a trade deal with the UK. US firms may soon bid on contracts worth over $50 billion. This move is part of ongoing trade negotiations…
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Madan Sabnavis, chief economist at Bank of Baroda, said the payout is larger than anticipated and could provide the govt with Rs 50,000 crore to Rs 60,000 crore in extra resources.
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Sun Pharmaceutical Industries Ltd will invest up to USD 25 million in Pharmazz Inc, increasing its stake to 22.7%. This investment triggers the conversion of a previous agreement. Sun Pharma gains an option to negotiate licensing of Sovateltide for developed…
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Vedanta, led by Anil Agarwal, will maintain a level of debt as it pursues a $20 billion expansion plan funded through internal accruals, equity partnerships, and debt. The company also announced an Rs 80,000 crore investment in the North East,…
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India will leave no effort to bring Pakistan onto the grey list, according to government sources. The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has been informed about India’s intentions.
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