April 23, 2014
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
Hyderabad: The Shanghai Jiading Advanced Technology Innovation and Business Incubator has invited Indian technology innovators and small and medium enterprises (SMEs), especially in renewable energy, biomedical devices and advanced manufacturing to set up their businesses in Jiading.
Chennai: Cognizant will buy digital video solutions company itaas, its third acquisition in seven months. "As multiplatform video becomes the new normal, new technologies create more empowered and savvy consumers, and more industry sectors look to harness the potential of video for customer interaction," said Mr Rajeev Mehta, CEO-IT Services, Cognizant.
Mumbai: Mahindra Logistics Ltd (MLL) has offloaded a significant minority stake in the company to India-focused private equity fund Kedaara Capital. “They (Kedaara) will add significant value to our expansion plans as well as in evaluating and executing an acquisition-led growth strategy,” said Mr Pirojshaw Sarkari, CEO, MLL.
Kolkata: Camlin which specialises in fountain pen ink, geometry boxes, pencils and crayons is now looking to bring its notebooks into the market. Already present in the southern and some western markets, Camlin Notebooks will make a full-fledged appearance nationally by 2015.
Hyderabad: Synechron plans to invest US$ 30-35 million on the expansion of its Hyderabad and Bengaluru facilities. “We have decided to expand our presence in India by setting up facilities in Hyderabad and Bangalore. The idea is to get closer to the bigger talent pool and clients,” said Mr Faisal Husain, Founder and Global CEO, Synechron.