The Indian economy will catch up with the GDP size of Japan some 10 years down the road. This country is a key market for Tokio Marine.
Japanese insurance giant Tokio Marine is the most multinational among the country’s insurers, generating half its profits from international business. The company, which sees India as its biggest external opportunity, is set to hike stake in its life and non-life joint ventures to 49% and will invest “whatever is …read more
India, Germany to set up two working groups: Prakash Javadekar
Forex reserves at record high of $322 billion
New Delhi: India’s foreign exchange reserves touched a record US$ 322 billion, surpassing the previous high of almost US$ 321 billion in September 2011.
Signing of MoU between India and Oman in the field of tourism
RBI notifies govt’s new Depository Receipts Scheme
Mumbai: Reserve Bank of India (RBI) has made necessary changes in its foreign exchange management (FEMA) regulations to adopt the new depository receipts scheme.
Air India plans to add capacity on domestic routes
Mumbai: Air India Ltd plans to add capacity to its domestic operations by deploying five new fuel-efficient narrow body planes and two additional wide-body planes on local routes.
US agencies commit $4 bn for Indian renewable energy sector
New Delhi: US federal agencies have committed a total of US$ 4 billion for projects and equipment sourcing, one of the biggest deals for the growing renewable energy sector in India.
India has the fifth-highest number of think tanks
New Delhi: With 192 think tanks, India has been ranked fifth on a list of countries with the highest number of such entities, according to a report by the University of Pennsylvania.
India represents huge investment avenues for US firms: Prabhu
New Delhi: India can help the US create new investment opportunities for its companies, said Mr Suresh Prabhu, Union Minister for Railways, Government of India.
UltraTech signs deal to acquire the cement business of Jaiprakash Associates
Mumbai: UltraTech Cement has signed a definitive agreement to acquire the cement business of Jaiprakash Associates. The acquisition will propel UltraTech’s cement capacity to 65 million tonnes per annum (MTPA) from 60 MTPA.
