The Hindu Business Line : Reuters to invest $4 m in India

MUMBAI: Reuters would invest some $4 million (Rs 18 crore) in India in 2006 to enhance its financial products as part of its five-year India growth plan.

As a part of this initiative, Reuters has launched new products for Indian markets in the areas of forex, money and equity markets.

The global news and information company is also expanding staff strength in India by 60, out of which 20 would be for editorial department.

"We believe India has one of the most advanced financial markets among the emerging economies and there is a huge appetite for in-depth information about India within the country and around the world," said Mr Venkat Ramani, Managing Director, Reuters South Asia, at a press conference here on Thursday.

The $4 million investment would be made towards creating new infrastructure, he said.

Reuters would be introducing next generation products to meet the demands of Indian consumers seeking sophisticated information at an affordable price.

Among the new products for financial markets that were launched were Reuters 3000XTRA and RTFX with content on forex, fixed income, equity and commodities. Another product Electronic Trading is targeted at banks trading in forex and money market. Reuters Wealth Manager is for private wealth management and retail equity brokers, and Reuters Knowledge is for research analyst and fund managers.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Whitening Expressions to roll out own oral care brand Aquawhite

Ad agency bags global award

Rockwell Automation Fair showcases products

Brand-Comm meet

TI Cycles eyes fitness equipment market

New Sun Micro processor

Reuters to invest $4 m in India

Customised pillows from Portico

Jolen products for women