Mumbai: Amazon Inc and Flipkart India will invest nearly Rs 2,300 crore (US$ 363.46 million) in the near term as they plans to acquire more customers in the country’s fast-growing online retail market.
Chennai: Apollo Hospitals is set to take over the day care and short stay surgeries division of Nova Medical Centres, a Bengaluru-based chain of hospitals.
Mumbai: Delhi’s Central Business District (CBD) of Connaught Place has been ranked as the sixth most expensive prime office market in the world with occupancy costs at US$ 160 per sq ft per annum, according to a survey by CBRE.
Government approves eight proposals of foreign direct investment (FDI) amounting to about Rs 34.77 crore
New Delhi: The Government of India has approved eight foreign direct investment (FDI) proposals amounting to Rs 34.77 crore (US$ 5.49 million), based on the recommendations of Foreign Investment Promotion Board (FIPB).
Mumbai: Indian airlines are projected to record a collective operating profit of Rs 8,100 crore (US$ 1.27 billion) in fiscal year 2016, according to Crisil Ltd.