Mitsubishi UFJ Financial Group, Japan's largest bank, plans to expand further in India to capitalize on the country's high growth potential. CEO Hironori Kamezawa said, "For India, economic growth is not something that will be a challenge, it’s a sure thing, making it an attractive market for investment." Global...
India Launches its First International Bullion Exchange
In an effort to bring transparency to the market, India, the world's second biggest consumer of gold, launched its first International Bullion Exchange. India imported 1,069 tons of gold in 2021, up from 430 tons a year ago. Indian households own an estimated collective 25,000 tons of gold, which passes...
Oracle Inaugurates Product Development Center in Gujarat, India
Ramping up its engineering and product development team, Oracle India has inaugurated its 10th product development center in Gujarat International Finance Tec-City, Gandhinagar, reports Business Line. The company invests $1.6 billion of its annual $5 billion R&D budget in its India product development centers. In FY2015, Oracle hired more than...
Oracle Plans to Set Up Data Centers in India
With the government of India’s initiatives such as Digital India, e-governance and m-governance, Oracle expects an increase in demand of data services in the country, and plans to set up its own data centers to host applications and other cloud-based solutions. “Today we have around 600 products in the cloud;...