New Delhi:India is a "prominent" market for Japanese imaging and printing solutions provider Canon that has "long-term growth ambitions" as it looks to tap rising demand in smaller cities, said its India President & CEO Toshiaki Nomura. The company, which aims for 10,000 active resellers in India by 2027, has been recording double-digit growth across its core businesses. It is betting on rising demand from smaller cities, content creators, enterprises and government institutions to drive the next phase of growth in its printing business. The expansion plan aims to improve product accessibility and strengthen Canon's presence across emerging markets.
WB okays loan for
repair roads in SL
Colombo:The World Bank on Wednesday approved USD 110 million in financing for Sri Lanka to repair and reconstruct 600 kilometres of roads damaged by Cyclone Ditwah. Cyclone Ditwah struck the island nation in November last year, leaving a trail of devastation across the country. The new financing will prioritise roads that restore access to markets, schools, and health facilities in the communities most severely affected by the cyclone, according to a press release issued by the
World Bank.
Linuxlabs secures
$70 mn funding
New Delhi:Domestic formulations company Linux Laboratories has secured USD 70 million in equity capital from ChrysCapital and Tata Capital Healthcare Fund III (TCHF III). ChrysCapital acquired a significant minority stake in the Chennai-headquartered firm. The transaction, comprising primary capital and a secondary purchase, provided a full exit for Tata Capital Healthcare Fund II at approximately 4x returns, Linux said in a statement on Wednesday.
BharatBenz sets up
facility in Gorakhpur
Gorakhpur (UP):Daimler India Commercial Vehicles (DICV), the maker of BharatBenz trucks and buses today inaugurated its new BharatBenz 3S facility in Gorakhpur, Uttar Pradesh. Operated by PPS Trucking, the new facility further strengthens BharatBenz's and PPS Trucking's commitment to expanding service and spares accessibility and supporting customers operating in diverse commercial vehicle markets.