NEW DELHI Dec 13 Hitachi Ltd, Japan's largest industrial electronics maker, targets a tripling of revenue from India to 300 billion yen ($3.62 billion) by 2015, its chief executive said on Thursday.
The company will invest 70 billion yen in its Indian business by 2015, Chief Executive Hiroaki Nakanishi told reporters at a press conference in New Delhi, adding that it would also double its employees in the country to 13,000 in the same time frame. ($1 = 82.9300 Japanese yen) (Reporting by Anurag Kotoky; Editing by Gopakumar Warrier)
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The Reserve Bank of India kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates. Full Article | Full Coverage