Tag Archive for invest

ICAI signs MoU with Invest India to promote Foreign Investment

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

CA. Naveen N.D. Gupta, President, ICAI & Mr. Deepak Bagla, Managing Director & CEO of Invest India during signing of the MoU between ICAI & Invest India also present CA. Prafulla P. Chhajed, Vice-President, ICAI

The Institute of Chartered Accountants of India (ICAI) has signed an Memorandum of Understanding (MoU) with the Invest India on February 4, 2019 coinciding with Platinum Jubilee Annual Function of ICAI at New Delhi under the aegis of the Committee for Export of CA Services & WTO of ICAI. The MoU was signed by CA. Naveen N. D. Gupta, President, ICAI and Mr. Deepak Bagla, Managing Director and CEO of Invest India. Mr. Rajiv Mehrishi, Hon’ble Comptroller and Auditor General of India, CA. Prafulla P. Chhajed, Vice-President, ICAI, CA. Babu Abraham Kallivayalil, Chairman and CA. Anil Bhandari, Vice-Chairman of the Committee for Export of CA Services & WTO of ICAI were also present.

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MultiFit Wellness Plans to Invest Around Rs 60-70 Cr in South India Market

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

MultiFit Batch training

India’s largest Functional Fitness Studio Brand ‘MultiFit Wellness Private Limited’, today announced that it had sealed a definitive agreement with Mr. Krishna Chivukula Jr. (CEO, INDO-MIM Pvt Ltd) & Sumit Rathor’s (renowned Golfer, former President and captain Karnataka Golf Association, and Founder Sumit Rathor Consulting Pvt Ltd) newly formed venture Skyefit LLP for expansion of its Bengaluru Operations. As per the terms of the agreement MultiFit and Skyefit will together open 17 large format functional fitness studios in the city over next 12 months, two within the next two months and five before the year end, for which all properties have been finalized and construction work has commenced. The announcement by the brand, which earlier this year marked its entry into the city with the launch of its Indiranagar studio, forms a part of its larger South India expansion focus unveiled by the company recently. The company also announced that it would be opening its South India operations headquarters in Bengaluru shortly. Read more

Neuberg Diagnostics to invest ₹300 cr for expansion

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Neuberg Diagnostics, an alliance of five leading pathology laboratories from India, South Africa and the UAE, is planning to invest ₹300 crore in India, the Middle East and Africa as part of its expansion plans.

“We are looking at investing another ₹300 crore for expansion plans in the coming years, which will be funded through internal accruals,” Neuberg Diagnostics Chairman GSK Velu said.

The company having focus on new generation technologies in the diagnostics space, according to Velu, has already invested ₹450 crore in acquiring laboratories in India and abroad and upgrading them.

Neuberg at present has 50 labs and 500 centres in the South and West India, and plans to increase the total count to 150 labs and 1,000 centres in the next three years. Read more

Afghan President invites Indian businessmen to invest in his country

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By K. Ashwin Mob: 00919920183006 E-mail: indianshowbusiness@gmail.com

The President of Afghanistan H.E. Hamid Karzai leading a high level delegation from his country, consisting of Afghan ministers of Foreign Affairs, Commerce & Industries, Mines, Information & Culture and their National Security Adviser today interacted with the Commerce & Industry Minister, Shri Anand Sharma and business leaders from India at a meeting in Mumbai today. Welcoming the Afghan delegation, the Commerce Minister said India has committed over US$2 billion in developement assistance for a diverse range of projects including infrastructure development, power generation and building capacities in health and education in Afghanistan.

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