Medtronic had been in talks with the state government for the last two years regarding the modalities of investment. During his visit to the United States in 2016 Rama Rao and his team of officials had a meeting with Omar Ishrak, Executive Chairman and Chairman of the Board, Medtronic. The partnership was finally announced today via a virtual meeting with Omar Ishrak, Geoff Martha, Medtronic CEO, Bob White, EVP and President, Minimally Invasive Therapies Group (MITG), Madan Krishnan, Vice President Indian Subcontinent and others. Ammonium nitrate, the chemical that caused Beirut blast, being moved from Chennai to a buyer in HyderabadThe Customs department on Sunday evening transported 10 containers loaded with 181 tons of ammonium nitrate from a freight station in Manali, about 20 km from Chennai, to a buyer in Hyderabad. … [Read more...] about Medtronic’s announces Rs 1,200 crore investment in expanding the largest Global R&D Centre in Hyderabad
smart factory for mobility solutions in Bidadi, Bengaluru. Built with an investment of 31 million euros, the plant features latest Industry 4.0 solutions and carbon-neutral technology, the company said in a release. “Bosch is taking a further step towards more efficient, more flexible, and sustainable manufacturing in India in order to boost competitiveness and meet rising demand in the local market,” said Volkmar Denner, chairman of the board of management of Robert Bosch GmbH. “The new Bidadi plant will further boost India’s strong role in the Bosch Group’s global network.” The company has invested in the new facility. Read also Bosch launches cordless power tools … [Read more...] about Bosch inaugurates Phase-II of Bidadi plant, invests 31 million euros
The US Fed has injected trillions of dollars in a matter of months. Normally, any increase in currency circulation without a corresponding increase in the real GDP should result in currency depreciation. However, similar actions from the other central banks towards their currencies makes dollar weakening unlikely. The relative strength of the US economy probably creates a bias towards appreciation of the dollar vis-à-vis other currencies. The dollar is likely to remain strong in the long run on the back of significant international revenue share of US companies and the global dominance of its technology sector. Any weakening of the dollar only makes the export competitiveness of the US stronger and would quickly stabilize the dollar further because of larger export volumes. … [Read more...] about Should US equities be the core investment in an Indian portfolio?
The first phase, which will be carried out in 2020-24, will connect the Tân Thanh border gate in Lạng Sơn Province to Phúc Sen Commune in Cao Bằng Province’s Quảng Hòa District. The second phase, which will be implemented after 2025, will be from Quảng Hòa District to the Trà Lĩnh border gate in Cao Bằng Province. … [Read more...] about PM approves investment plan for Đồng Đăng-Trà Lĩnh Expressway
Agrawal also talked about the sectors that are expected to do well, the attractiveness of REITS (real estate investment trusts), the long changes expected from the pandemic, the potential of the technology sector and how investors can fine-tune their market strategies in these uncertain times. … [Read more...] about Moneycontrol Pro Exclusive | Raamdeo Agrawal on market exuberance, double-digit equity returns, value vs growth investing, the risks that keep him awake and more