153 initial public offering hit the Indian stock market in 2017, raising $11.6 billion according to an industry report. The report added that the market "looks good" for 2018 as well. The stability of the political landscape in India with continued focus on reform agendas by the government and significant tax...
India Ratifies UN's Convention for Goods Transit
India is the 71st signatory to the United Nations' TIR (Transports Internationaux Routiers) Convention, an international transit system that facilitates the seamless movement of goods throughout countries in Asia and Europe. TIR is the global standard for goods customs transit managed and developed by IRU, the world road transport organization....
CPPIB to Form JV with India's IndoSpace Realty
Canada Pension Plan Investment Board (CPPIB) plans to invest up to $1.2 billion in a joint venture with Mumbai-based IndoSpace, an industrial real estate-focused investment firm jointly owned by private equity investor Everstone Capital and Maryland-based Realterm Global. Key Highlights: Canada Pension Plan Investment Board and IndoSpace form IndoSpace Core,...
In India, Montblanc's Luxury Goods Looking Up
European luxury firm Maison Montblanc, which has a joint venture with India's Bangalore-based Titan, is looking at a turnover of $100 million over the next four years. The joint venture currently has seven boutique stores, and Titan's managing director Bhaskar Bhat said, "We have a plan for about 25 stores...
Herbal Supplements Market to Grow at 6.29% Annually
Pune, India-based Sandler Research forecasts that the global herbal supplements market will grow at a CAGR of 6.29% during the period 2016-2020. The report says that the drivers facilitating this growth are the growing awareness of the benefits of dietary supplements especially among women, and the increase of herbal supplements...
India's Motherson Sumi Acquires Finland's Automotive company
Noida, India-based automotive component firm Motherson Sumi Systems, a joint venture between its parent Samvardhana Motherson Group and Sumitomo Wiring Systems of Japan, acquired Finland’s PKC Group Plc for about $609 million. “We are very happy to announce that we have successfully acquired 93.75 per cent shareholding in the PKC...