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Chairperson R Nandini Takes Over CII Southern Region
Thehindubusinessline
ยท
1y ago
Medial
R Nandini, Managing Director of Chandra Textiles Pvt Ltd, has been appointed as the Chairperson of the Confederation of Indian Industry (CII) Southern Region for the year 2024-25. She previously served as the Deputy Chairperson of CII Southern Region and the Chairperson of CII Tamil Nadu State Council. Meanwhile, Thomas John Muthoot, Chairman & Managing Director of Muthoot Fincorp Ltd, has been appointed as the Deputy Chairman of CII Southern Region for the same term. Muthoot is also the Chairman of Muthoot Pappachan Group.
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India should aim to grow at 10%: Amitabh Kant
YourStory
ยท
1y ago
Medial
India should aim to register around 10% economic growth over the next three decades to become a $35 trillion economy, said India's G20 Sherpa Amitabh Kant. Addressing the CII Southern Region Annual regional meeting on Thursday, Kant said, "We have to accelerate the pace of economic growth in the 9-10% range."
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Piramal to focus on brownfield expansion, cut debt before acquisitions
Livemint
ยท
1y ago
Medial
Piramal Pharma Ltd intends to focus on organic growth and reducing its debt, rather than actively seeking acquisition opportunities, according to Chairperson Nandini Piramal. The company plans to invest more than โน700 crore ($85 million) in brownfield expansion through FY25, with the majority allocated to its contract development and manufacturing organisation (CDMO) segment. While the company remains open to accretive acquisitions, reducing net debt ratios takes priority. Piramal reported a 102% YoY increase in net profit for Q1 2024, driven by strong CDMO business revenue growth.
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India's consumer durables market poised to be world's 4th largest by 2027: CII
YourStory
ยท
10m ago
Medial
The consumer durables market in India is projected to reach a value of Rs 5 lakh crore by 2030, making it the fourth largest market globally by 2027, according to industry body CII. To ensure the reliability of Indian products and increase global competitiveness, B Thiagarajan, Chairman of CII National Committee on Consumer Electronics and Durables, emphasized the need for a robust quality ecosystem and adoption of standardization. Thiagarajan highlighted the potential for India to become a global manufacturing powerhouse and praised the government's support, including the PLI scheme. He also stressed the importance of investing in R&D and innovation to drive growth in the sector.
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CCI Chief Red Flags Data Dominance Of Digital Giants
Inc42
ยท
1y ago
Medial
CCI Chairperson, Ashok Kumar Gupta, highlighted the competitive advantages enjoyed by tech giants who collect and analyze vast amounts of customer data. Gupta pointed out that control over large datasets could create significant barriers for new entrants, potentially leading to a winner-takes-all situation. This statement comes shortly after the Indian government sought public feedback on a draft bill aimed at regulating competition in the digital economy.
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NASSCOM onboards Sap Labs India MD Sindhu Gangadharan as Vice Chairperson
IndianStartupNews
ยท
1y ago
Medial
The National Association of Software and Service Companies (NASSCOM) has appointed Sindhu Gangadharan, Senior Vice President and Managing Director of SAP Labs India, as its Vice Chairperson. She also holds the position of Chairperson of the Nasscom GCC Council 2023-25. Gangadharan, known for her human-centric approach to technology, will contribute her extensive technology and corporate leadership experience to India's TechAde initiative. She is the first woman to lead SAP Labs India, the largest global R&D center for SAP, overseeing product development and innovation across multiple Indian centers.
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Qatar Airways to invest in an airline in southern Africa
VCCircle
ยท
1y ago
Medial
Qatar Airways CEO, Badr Mohammed Al Meer, announced that the company is set to invest in an airline in southern Africa as part of its efforts to expand its network on the continent. The investment, which is in its final stages, could be announced within the next few weeks. The move is aimed at improving connectivity in the southern region of Africa, which is currently not covered by Qatar Airways' network. Qatar Airways has previously invested in other African airlines and is focused on expanding its partner airlines' fleets.
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US based financial software firm Planful expands its R&D centre in Hyderabad; To invest $120 million
Economic Times
ยท
10m ago
Medial
US financial performance management software provider, Planful, has expanded its research and development (R&D) center in India with the opening of a new office in Hyderabad. The company plans to invest an additional $120 million over the next five years and double its headcount in the region. The new office will serve as Planful's global R&D center as well as support its back-office operations. The expansion reflects the company's commitment to investing in the Indian market and leveraging its thriving IT ecosystem and talent pool.
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Kedaara strategic partner CD&R's big-ticket India deal moves forward
VCCircle
ยท
3m ago
Medial
American buyout firm Clayton, Dubilier & Rice (CD&R), partnered with India's Kedaara Capital, is advancing its major India investment after a four-month delay. This follows CD&R raising approximately $26 billion for its 12th global flagship fund. The move reflects CD&R's strategic commitments in the region as part of a larger multi-billion-dollar global deal. The specific details of the deal's progress or the delay's reasons were not detailed in the provided summary.
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mPokket Expands Operations Into Tier-2 Cities
OutlookIndia
ยท
1y ago
Medial
Digital lending platform, mPokket, plans to provide customer service in local languages such as Telugu, Kannada, and Hindi. It aims to expand its operations to new cities by the end of the fiscal year, generating employment opportunities for 4,000 individuals. With a significant customer base from southern India, mPokket recognizes the demand for its services in the region. The platform offers instant loans to college students and young working professionals, disbursed within seconds via smartphones.
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KKR eyes another hospital in push for bigger healthcare play in South India
VCCircle
ยท
4m ago
Medial
KKR is intensifying its focus on southern India's healthcare sector, seeking to acquire another hospital operator. Following their acquisition of one company, KKR is evaluating a second healthcare firm to bolster its presence. The New York-listed private equity firm has completed four transactions in India's healthcare industry, indicating a strategic expansion. This move aligns with KKR's broader goals to capitalize on growth opportunities and enhance its healthcare investments in the region.
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