Tag: INDIA
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Chinese Firms Rely on Loans and Reserves for Expansion in India
Chinese companies in India, particularly Xiaomi and Haier, are increasingly funding their expansion via cash reserves and loans due to significant delays in securing government approval for equity from their parent firms. Regulatory changes necessitated by rising geopolitical tensions have made foreign investment more challenging, prompting these companies to self-finance and explore partnerships as alternative…
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Redington Ltd Transitions to Marketplace Platform Amidst Software and Cloud Growth
Redington Ltd is transitioning from a traditional distributor to a marketplace platform, capitalizing on growth in software and cloud services. The marketplace, launching around 2025, will offer analytical capabilities and reduce reliance on hardware distribution. The company predicts its software revenue will double, revealing a robust strategy for integrating AI and expanding market presence as…
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Swarovski Shifts Focus to Lab-Grown Diamonds in India
Swarovski is launching its lab-grown diamond jewelry line in India, planning to open ten new stores to meet increased demand for sustainable luxury. This initiative reflects the growing trend among consumers favoring ethical and affordable luxury goods. On December 23, 2024, it was reported that Swarovski is shifting its focus towards the sale of lab-grown…
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Understanding Ownership Dynamics of L&T Technology Services Amid Stock Decline
L&T Technology Services Limited has seen an 11% stock price drop, raising concerns among public and institutional investors. Public companies own 74% of shares, primarily held by Larsen & Toubro Limited, while institutions hold about 15%. Insider ownership is minimal, and general public stakeholders comprise 10%. This concentrated ownership structure could significantly impact decision-making and…
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Tech Mahindra Aims to Expand BFSI Sector Revenue Under New CEO Mohit Joshi
India’s Tech Mahindra is focusing on expanding its banking, financial services, and insurance (BFSI) business to increase its revenue share from this segment from 16% to 25% by March 2027. New CEO Mohit Joshi emphasizes leveraging his banking background to diversify beyond telecom clients, while also highlighting the importance of generative artificial intelligence in enhancing…
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3D Retail Merchandising Software Market: Growth Prospects Post-Pandemic
The 3D retail merchandising software market is experiencing rapid growth, driven by automation and demand for increased sales conversion rates. Key players in the market include InContext Solutions and Dassault Systèmes. Despite a temporary decline during the COVID-19 pandemic, a strong recovery is projected. The market offers various deployment types and applications, primarily focusing on…
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Kalaari Capital Achieves Over $100 Million in Exits Amid Strategic Investments
Kalaari Capital, under Vani Kola’s leadership, reported over $100 million in exits this year and has invested around $25 million in more than ten companies. The firm anticipates significant returns for investors, champions technology-led businesses, and aims to support women entrepreneurs in the venture capital landscape. Kalaari Capital, led by Vani Kola, reported a remarkable…
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Generative AI Threatens Pricing and Employment in India’s IT Services Industry
Generative AI aims to transform India’s $254 billion IT services sector, with anticipated pricing pressure on support and maintenance contracts starting next year. The ADM and BPO segments, which compose 40% of industry revenues, are under threat due to AI’s capability to automate tasks. Major firms like TCS and Infosys may face challenges as contract…
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Lockton Ambitiously Targets Doubling International Business with Focus on India
Lockton plans to double its international business in four years, with a focus on India. The company acquired Arihant Insurance Brokers and appointed Sandeep Dadia as CEO for Lockton India. The firm will emphasize motor and health insurance, offering tailored solutions and aims for an expanded workforce by 2026. Lockton, the leading privately held insurance…
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Suven Pharmaceuticals to Acquire Controlling Stake in NJ Bio, Inc.
Hyderabad’s Suven Pharmaceuticals plans to acquire a 56% stake in Princeton-based NJ Bio, Inc. This acquisition is valued at USD 100 million, combining both primary and secondary investments. The move aims to expand Suven’s foothold in the biotechnology sector. Suven Pharmaceuticals, based in Hyderabad, has announced its plan to acquire a controlling interest in NJ…