New Delhi, Sept. 15 -- Hyundai Motor India Ltd is aiming to capitalize on a 'double engine' growth strategy, combining a rebound in domestic sales - expected to pick up following GST rate cuts - with sustained strength in exports, a senior company executive said.

The healthcare major is set to purchase IFC's 31% stake in Apollo Health and Lifestyle Ltd for Rs.1,254 crore, which will increase its ownership to 99.42%, pending approval from the CCI.

Facing rising competition from regional players, Britannia Industries is adopting a localized strategy, viewing India as a collection of diverse markets rather than a single country, to maintain its edge over rivals and expand this approach in the future.

The company recorded a 3.5% year-on-ye...