TUV Rheinland earmarks €30-m investment in India

Having achieved high double-digit revenue growth rates in India over the last few years, TUV Rheinland India, a subsidiary of the €1.9-billion TUV Rheinland Group, Germany, has earmarked an investment of over €30 million in the Indian market over the next few years, a top executive told BusinessLine. The company, a major player in testing, training, […]

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Tendulkar, Sindhu call off proposed investment in health-tech startup CallHealth

Cricket icon Sachin Tendulkar and India’s top female shuttler PV Sindhu have called off their proposed investment in Hyderabad-based healthcare services aggregator CallHealth Services Pvt. Ltd. “As a startup, we engage with like-minded individuals and institutions to partner with us in our journey. In this instance with Mr Tendulkar, the investment conversation did not fructify. […]

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Toyota pushes deeper into ride-sharing with investment in Grab

Toyota will record and analyse driving patterns in 100 Grab cars and offer recommendations on what connected services it can provide to Grab drivers. Photo: Bloomberg Tokyo: The Japanese carmaker is making a strategic investment in Grab, South-east Asia’s leading ride-hailing operator, and said it will work with the company to provide services in South-east […]

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ONGC to hire investment banker for HPCL acquisition

HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC’s portfolio, making it the third-largest refiner in the country after IOC and Reliance Industries.   | Photo Credit: Vijay Soneji State-owned Oil and Natural Gas Corp (ONGC) will hire investment bankers to assist it in acquiring government’s 51.11% stake in Hindustan Petroleum Corp […]

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Investment pros seeing market as overvalued hits record high

Professional investors see the stock market higher than it should be and likely to lose one of its key supports, according to a closely watched sentiment gauge. A net 46 percent of respondents to the latest Bank of America Merrill Lynch Fund Manager Survey consider stocks “overvalued,” the biggest gap ever recorded in the survey, […]

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Public capex to lead the recovery in investment

CHENNAI: India’s macro environment is seeing a lopsided growth recovery largely led by consumption whereas private investments remain sluggish in the short term. It is in this context that all eyes have turned to public capex to fill the void. The country’s top ten state-run firms have planned a capex of Rs 1.33 lakh crore in […]

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