Government identifies key sectors to attract foreign investors

NEW DELHI: Amid signals of companies holding back on investment decisions due to the global uncertainty, govt and Invest India have identified Electronics System Design and Manufacturing, non-leather footwear, chemicals, medical devices, toys and EVs as sectors to court global investors for stepping up foreign direct investment (FDI) inflows.In recent months, net FDI inflows have…

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Now hiring: Specialists, not freshers

BENGALURU: There is not enough room for freshers in India’s top five IT firms. Net additions fell below 10,000 in the June quarter, reflecting ongoing caution amid persistent demand uncertainty.Firms are increasingly prioritising domain specialists, and with AI handling many L1 and L2 tasks, they are now seeking professionals with cross-functional, full-stack skills that are…

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Adar infuses Rs 1,500cr into Poonawalla Fin

MUMBAI: Vaccine king Adar Poonawalla‘s Rising Sun Holdings cleared a Rs 1,500-crore equity infusion into Poonawalla Fincorp, raising its net worth to Rs 9,700 crore, in the previous week. The capital will support an aggressive retail expansion strategy under MD & CEO Arvind Kapil, who took charge just over a year ago after leading retail…

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‘Premium pitch key growth pillar for Nestle India’

NEW DELHI: India is one of the fastest-growing markets for Swiss packaged foods giant Nestle globally, driven by the country’s large consumption base, strong performance of core brands, and entry into new, high-potential premium categories, according to Suresh Narayanan, the outgoing chairman & managing director of Nestle India.With a turnover of over Rs 20,000 crore…

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KRT gets Sebi nod for Rs 4,800cr REIT IPO

Knowledge Realty Trust (KRT), sponsored by realty firm Sattva Group and Blackstone, has got Sebi approval to launch its REIT public offering to raise Rs 4,800 crore. Last month, KRT had raised Rs 1,400 crore from investors ahead of its maiden REIT public issue. This is part of a strategy to monetise its 30 prime…

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‘Q1 nos, US Fed rate call to guide mkts’

NEW DELHI: Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors’ sentiment, analysts said. Macro data, monthly auto sales numbers and global market trends would also guide movement, they said. Source link

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MediBuddy eyes buyouts, funding for expansion

NEW DELHI: MediBuddy, a digital healthcare startup, has drawn plans to expand its services through strategic acquisitions and aims to secure fresh funding to bolster operations, a senior company official has said. “We remain committed to reaching new customers and enhancing our offerings,” CEO Satish Kannan told TOI, adding that the company is actively evaluating…

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