The government may put on hold its recent notification advancing the date of levying duties on imported electronic components under a Make In India plan after handset makers with domestic manufacturing and assembling facilities protested that these levies would increase the cost of locally manufactured mobile phones, making it cheaper to import them and effectively […]

Retail captives in India, belonging to global retailers such as Target, Rakuten, Lowe’s and JC Penney, grew in the double-digit range in FY18, as retailers continued to move work in-house. In the last financial year, IT companies faced a slowdown in their retail business, as companies cut their outsourcing spend and moved work in-house in […]

Meenakshi Group, a diversified player based in Hyderabad, has announced the creation of a $10-million fund, ‘Meenakshi Multiples’, to invest in promising start-ups. Meenakshi Multiples announced its first investment by picking up a six per cent equity in Hyderabad-based co-working venture ‘iKeva’ for an undisclosed sum.

Rajasthan-based RUJ Group has announced its foray into the hospital space. Announcing plans for a 150-bed multi-super-specialty hospital in Jaipur. RUJ Hospitals Pvt Ltd would invest Rs. 150- 200 crore over the next two years for the hospital. The hospital, which will be ready in two years, will provide specialty healthcare services, including critical care, CTVS, […]

Indian Oil and Gail are still evaluating plans to invest in a Rs 6,000-crore liquefied natural gas (LNG) import terminal being developed by the Adani Group in Odisha. The plan was announced in 2016, the Adani Group had agreed to give away half of equity stake in the LNG terminal to Indian Oil and Gail. […]