INDIA > IFC which is a member of the World Bank Group is set to invest INR 6.4 billion ($100 million) in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance)

IFC logo   Investing $100 million in Mahindra Finance, IFC intends to enable Mahindra Finance to further augment its growth and in turn extend mainly farming loan to individuals to buy tractors, vehicles and other equipment along with financing small and medium enterprises. To be secured through nonconvertible debentures, this loan will assist Mahindra Finance which is already the country’s leading rural More …

INDIA > UK based IHG is set to open in Agra, India with the signing of Holiday Inn Agra MG Road

IHG logo For strengthening its presence in India, UK based IHG is set to open Holiday Inn Agra MG Road. IHG has signed a management agreement with Hotel Maria Agra for the Holiday Inn Agra MG Road. Expected to have 150 rooms, Holiday Inn Agra MG Road is to be operational in 2018. With this IHG completes the Delhi- Jaipur- Agra Golden More …

INDIA > Germany based Volkswagen group is set to invest 1 billion euros ($1.16 billion) in India by 2021 creating almost 5000 jobs

VW logo VW is set to invest 1 billion euros ($1.16 billion) from 2019 to 2021 which will be led by Skoda Auto. This is part of Skoda’s ‘India 2.0’ project which includes setting up engineering design and development center at Pune. The group’s two plants at Aurangabad and Pune will also be enhanced. Based on VW’s flexible MQB platform, the group More …

INDIA > USA based eBay is set to sell its Flipkart stake for $1.1 billion and is planning to relaunch in India

ebay logo A year after getting acquired by e-commerce giant Flipkart, eBay India is set to sells its stake in Flipkart for tentatively $1.1 billion. eBay is focusing rather to relaunch in India initially concentrating on cross border trade opportunity. The announcement came after Walmart’s announcement to buy 77% in Flipkart for $16 billion valuing Flipkart at approximately $20 billion. According to More …

INDIA > USA based Walmart is set to buy Indian’s leading online retailer Flipkart for $16 billion for a controlling stake of 77%

Walmart logo To access a market Walmart has been trying  for years, USA based Walmart  is set to invest $16 billion to acquire a controlling stake of 77% in Indian online retailer Flipkart. Walmart had been restricted by local regulations to operate wholesale outlets in India. According to Walmart CEO Doug McMillon: “India is one of the most attractive retail markets in More …

INDIA > USA based LockHEEd MArtin and India based TATA joint venture, Tata Lockheed Martin Aersostructures Limited bring new cutting edge aerospace technology creating 80 new jobs

lockheed martin logo A joint venture between Tata and Lockheed Martin, Tata Lockheed martin Aerostrucutres Limited (TLMAL) is set to bring new cutting edge technology to aerospace industry in india. Pushing Government’s “Make in India” movement the new state of the art metal to metal bonding facility will create 80 additional jobs.  The state of the art facility will be located at Adibatla, More …

INDIA > Asian Development Bank (ADB) and the Government of India signed a $84 million loan to improve water supply in the state of Bihar, India

Adb logo In order to finance water supply and improve and expand water supply in Bhagalpur and Gaya towns in Bihar, ADB and the Government of India has signed a $84 million loan. The loan was approved by the ADB Board of Directors in 2012 and is the tranche 2 loan which is the part of the $200 million multi tranche financing More …

INDIA > USA based Marriott International is set to open 100th hotel in India

marriott logo Sheraton Grand Bengaluru Whitefield Hotel & Convention Center is the 100th hotel planned to open in India by Marriott International. Arne Sorenson, CEO and President of Marriott International is set to visit India for a week-long visit to India as the company is looking to extend its leadership presence in India with more than 50 signed projects in the pipeline. More …