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Category Archives: Banking & Finance

Koreans exported US$11.6bn in 2016

Korea-India needs to increase to trade volume South Korea’s exports to India were US$11.6 billion in 2016, up about 50% since the signing of the Comprehensive Economic Partnership Agreement (CEPA), said Young Sam Kim, Additional Minister for Trade, Industry and Energy (MOTIE).

Mahindra-Ford’s strategic alliance

Collaboration shows Ford’s commitment to India Mahindra Group and Ford Motor Company have agreed to explore a strategic alliance, designed to leverage the benefits of Ford’s global reach and expertise and Mahindra’s scale in India and successful operating model.

Volvo JV selects 3DEXPERIENCE platform for India

Dassault Systèmes to support Indian trucks and buses VE Commercial Vehicles Limited (VECV), a joint venture in India between the Volvo Group and Eicher Motors Limited has chosen the 3DEXPERIENCE platform to cost-effectively develop and deliver innovative, high-quality trucks and buses to the growing commercial

Suzuki to make fresh investment in auto plant

New plant to cater for exports Japan’s Suzuki Motor will invest fresh US$600 million (Rs.3,900 crore) in a new plant at Hansalpur, Gujarat, with a capacity of 2.5 lakh units for the Indian market and exports.

UTI FUND

Manufacturing must grow 14-15%, says ASSOCHAM-EY

Make in India to create 100 million jobs It is crucial for the Indian manufacturing sector grows steadily at 14%–15% per annum over the next three decades to support the country’s 9%-10% gross domestic product growth, according to a recent study.

Steel Minister invites Australian investors

Industry concerned about coking coal prices Union Steel Minister Birender Singh has invited Australian Government and Businesses to be a part of the ambitious economic growth and participate in development opportunities available in India.

FICCI calls for balanced policy for Pharma industry

Govt urged to focus on export-oriented devices The Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested the Indian Government to adopt a four-pillar balanced approach while drafting the policy to assure the sustainable growth of the nascent pharmaceutical industry.