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Commerce and Industry Minister Piyush Goyal has held a series of meetings with top US firms in New York and invited them to explore investment opportunities in India, an official statement said on Wednesday. He met President and COO of Blackstone Jonathan Gray, and Chairman of Blackstone's International Private Equity business Prakash Melwani. In the meeting, the discussions focused on expanding Blackstone's investments and partnerships in India across key sectors, the commerce and industry ministry said. Other businesses with which Goyal held bilateral meetings include Chairman and CEO of Neuberger Berman George Walker; and President and CEO of The Estee Lauder Companies Stephane de La Faverie. "They discussed growth opportunities in India, including through increased manufacturing and sourcing, and India's growing beauty and personal care market," it said. In his meeting with Chairman and CEO of IBM Arvind Krishna, discussions focused on further strengthening IBM's engagement in
As India continues its journey towards becoming one of the world's largest economies, tax reforms that improve predictability and reduce complexity will play a vital role in attracting global capital and fostering entrepreneurship, a senior financial industry expert said here on Tuesday. "It is also important to have a deep understanding of the growing economic partnership between India and Singapore and the importance of continuous dialogue on regulatory developments that impact cross-border investments," said Sanjay Gattani, chairperson of the Singapore Chapter of the Institute of Chartered Accountants of India (ICAI). Gattani also highlighted the increasing importance of keeping the global Indian community informed of India's rapidly evolving regulatory and tax environment. He noted that India today stands at a pivotal stage of economic transformation, driven by structural reforms, digitalisation, and a strong commitment to enhancing the ease of doing business. Gattani emphasised
Sberbank, Russia's largest lender, on Thursday said it plans to gradually expand its business in India and would invest about USD 100 million over the next three years to take advantage of the growing Indian market. "We have a full banking licence here...we will expand our business in a step-by-step manner over the next three years. We will ramp up B2B business and enter into the B2C segment," Herman Gref, CEO and Chairman of the Executive Board, Sberbank, told reporters here. The bank, which established its operations in 2010, has sought 10 branch licences from the RBI to be opened across 10 cities. "We have requested the central bank here to grant 10 branch licences for opening offices," he said. Currently, it has two branches and an IT unit in Bengaluru to serve as an in-house data processing centre. The bank will bring an IT system from Moscow (Russia) and make adjustments to the specific regulations of the country, he said. Besides, he said, it will also seek the right partn