Page 3 - Indian Companies

General Technologies India Pvt. Ltd.; an Indian company based out of Mumbai Finalizes $1 Billion MOU with Minister of Telecommunications.

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India-linked firms partner to resolve South Africa's water, energy crisis

Two South African companies with strong links to India have signed a Memorandum of Understanding (MoU) to help resolve the water and energy crisis in the country. Imbanita Consulting and Engineering Services, established in 2017 as a joint venture company between Imbani Holdings and Tata Africa, and the local subsidiary of ION Exchange, which offers total water and environment management solutions, signed the MoU at the office of the Consul General of India here on Wednesday. Bish Chakraborty, CEO of Inbanita, said his company could assist in significantly reducing the load-shedding problems which have left South Africa in the dark for lengthy periods during the past few years. Load-shedding problems have had a drastic effect on the South African economy. Chakraborty claimed Imbanita was very well-placed to assist on the power generation side. Gourish Chakravorty, CEO of Ion Exchange Safic, said his company had been working on the water challenges in South Africa for the past 17 .

Pause of FCPA unlikely to affect investigations by US SEC, say experts

The FCPA is jointly enforced by the Department of Justice (DOJ) and the SEC in the United States, applying criminal and civil penalties, respectively

Deloitte, MEGA team up to drive digital transformation for Indian biz

Deloitte India and MEGA, a Bizzdesign company, on Thursday announced a strategic alliance geared to help Indian enterprises strengthen their enterprise architecture and drive digital transformation. By combining Deloitte's Advice-Implement-Operate (AIO) capabilities with MEGA's 'HOPEX platform', the collaboration would look to address the complexities of modern IT landscapes, including managing legacy infrastructure, adopting emerging technologies and overcoming silos across organisations. According to a release, the HOPEX platform integrates strategic planning, process optimisation and Governance, Risk and Compliance (GRC) management into a unified framework. This enables organisations to manage their IT environments more effectively, make informed decisions and navigate regulatory requirements better. "The collaboration will deliver scalable, adaptable solutions that streamline processes, enhance collaboration and reduce operational inefficiencies," the release added.

'Tax cuts to boost consumption', say top executives across sectors

The government's plan is estimated to help around 25-30 million personal tax payers save about 100,000 rupees annually, according to Kamal Bali, managing director of Volvo Group India

India Inc's investments rise 39% to Rs 32 trn in nine months: SBI Report

Government investment reached 4.1 per cent of GDP in FY23, the highest since FY12, while private sector investment as a share of GDP climbed to 11.9 per cent

81% companies back PM's internship scheme: Teamlease Edtech survey

Flag concerns around finding interns with the right skillset

Indian firms raise record funds via corporate debt in 2024; to rise further

Indian firms raised Rs 10.67 trillion ($124.81 billion) through the sale of bonds till Dec. 27, a 9 per cent jump over 2023, data from information provider Prime Database showed

GoMechanic eyeing threefold growth to Rs 700 cr by 2027 before IPO launch

Car services and repair platform GoMechanic expects over three-fold rise in net revenue to Rs 700 crore by 2027 and thereafter go for public listing, a top official of the company said. GoMechanic Co-Founder and CEO Himanshu Arora told PTI that the company at present has around 3 per cent market share and aims to raise it to 10 per cent in the next three years. The company is also looking to diversify offerings, foraying into the two-wheeler and electric vehicle services segment. "We sit at about 3 per cent of the market share right now and to be servicing every 1 car out of ten would be around 10 per cent by 2027. By 2027, we expect our brand to generate approximately Rs 700 crore in revenue. We believe that an IPO is a natural next step for GoMechanic's growth story," Arora said. The company at present provides services through 800 garages across 125 cities and plans to scale up to 2,500 garages across 500 cities by 2027. GoMechanic was acquired by Servizzy, a subsidiary of the

Wipro names Ranjita Ghosh as global chief marketing officer effective Feb 1

IT company Wipro on Monday said it has appointed Ranjita Ghosh as its new Global Chief Marketing Officer (CMO), effective February 1 next year. Ghosh takes the chair from Laura Langdon, who has decided to explore career opportunities outside Wipro, a company statement said. Previously CMO of Wipro's Asia Pacific, Middle East & Africa (APMEA) strategic market unit, Ghosh will now lead all marketing activities for Wipro across its geographies. She will report to the Chief Strategist & Technology Officer Hari Shetty. With about two decades of experience in the global technology services industry, she has held various roles in sales, business development, growth marketing, buyer experience, and ecosystem partnerships. Additionally, she has managed marketing for several high-value portfolios and led teams across North America, Europe, and Asia-Pacific. Shares of Wipro settled at Rs 307.90 apiece on the BSE on Monday, 0.90 per cent higher than the previous close.

MCA offers e-adjudication, e-consultation to boost stakeholder confidence

The Ministry of Corporate Affairs (MCA) has introduced e-adjudication and e-consultation platforms to streamline legal proceedings and foster a more business-friendly regulatory environment, a senior official said on Wednesday. Addressing the ASSOCHAM-ACCA Global Summit on Responsible Corporate Governance and Sustainability Reporting, Anita Shah Akella, CEO of the Investor Education and Protection Fund Authority (IEPFA) and Joint Secretary at MCA, highlighted the government's commitment to balancing corporate integrity with economic dynamism. The introduction of e-adjudication and e-consultation platforms aims to simplify legal procedures, improve stakeholders' experience, and bolster India's ranking in the ease of doing business. "We are moving more towards an ease of doing business era, and an ease of exit of business doing era," she said. The corporate affairs ministry has decriminalised various offences under the Companies Act, 2013, marking a significant shift towards a ...

Amazon raises cumulative export target from India: $80 billion by 2030

Says it's on track to reach $20 bn goal in exports by 2025

The power of India's family businesses: Strength in a changing economy

While concentration in the Indian economy has declined, large family business groups have strengthened their position and continue to wield significant pricing power

Medusa partners with Warner Bros for 'House of the Dragon' beer launch

The beer highlights smoky, burnt notes, mirroring the fiery essence of roasted malts

Airtel's AI-powered spam filter catches 8 bn calls and 0.8 bn SMS

Up to 6 per cent of all calls, 2 per cent of SMS noted as spam on the Airtel network

Lockton aims to double business outside US in 4 Years, says CEO Chris Brown

The insurance broker recently entered the Indian insurance market and acquired Arihant Insurance Brokers as a strategic initiative to gain entry into the broking market in the country

SBI Card surpasses milestone of 20 million credit cards in circulation

According to a press release by SBI Card, it achieved the milestone of 20 million credit cards in force, having started its credit card business in 1998

RPG Group's Ceat to acquire Camso brand from Michelin for $225 million

The acquisition will give tyre major access to 40 global OEMs and broaden its product offering into construction tyres and bias tracks

Tata Power plans Rs 1.25 trillion investment between FY26 and FY30

Raises FY25 capital expenditure by 72% compared to FY24

Maruti, M&M join Hyundai in announcing price hikes as input costs rise

Up to 4% increase to be effective from Jan 1; higher input costs drive the move