Acquisition helps expand media capabilities. Essel Group ME said its media and production subsidiary, Essel Media Hub, has acquired boo.lab, a leading Spanish production company specialising in audiovisual and experiential media.
Inflows could add to rupee appreciation pressure. India’s foreign reserves touched a record US$393 billion early August, backed by strong foreign portfolio and investments flows while adding pressure to rupee appreciation, according to the Development Bank of Singapore (DBS).
Industry calls for uniform import duties. The financial stress on the Indian telecom sector can be reduced to a great extent by considering a cut in spectrum usage charges as well as license fees, according to a joint study.
Indian corporate governance is in transition India’s corporate sector will have to be aware of the challenges of adapting to global standard governance as the structure changes from family-backed operations to professional managers, says Girija Pande, chairman of Singapore-based Apex Avalon Consultancy.
Issues include double-taxation of re-export. The Indian government is working overtime to address operational issues such as double-taxation of re-export following the implementation of Goods and Services Tax in the country.