India Positive

India second most economically confident country

India's economic confidence grew by 8 points to 68 per cent in the month of January 2013 as compared to December 2012, making it the second most economically confident country in the world, according to a survey titled 'Ipsos economic pulse of the world'.

Rs 14,000 crore capital infusion for public sector banks next fiscal

Mr P Chidambaram, Union Minister for Finance, Government of India, has announced Rs 14,000 crore (US$ 2.56 billion) capital infusion for public sector banks in 2013-14. We shall ensure that public sector banks always meet the Basel III regulations as they come into force in a phased manner, added Mr Chidambaram.

ISRO plans nine more launches this year

The 102^nd space mission of the Indian Space Research Organisation (ISRO) was a grand success. ISRO plans another nine launches in 2013, including one to Mars.

Swedish firms in India plan to step up investments

Swedish companies in India are optimistic about business prospects in the country with more than half willing to step up investments in the current fiscal, according to a survey conducted by the Swedish Chamber of Commerce.

India-Canada to strengthen cooperation in tourism sector

India and Canada plan to strengthen cooperation in tourism sector. Both the countries will identify areas for working together and explore new opportunities in tourism sector.

India has highest increase in share of services in GDP at 8.1 per cent

India's services sector has emerged as a prominent sector in terms of its contribution to national and state incomes. India stood first in terms of increase in share of services in the gross domestic product (GDP) with 8.1 per cent, among top 15 countries during 2001-2011.

Rail budget lays thrust on safety, consolidation, improving passenger amenities and fiscal discipline

The Railway Budget 2013-14 presented by Mr Pawan Kumar Bansal, Union Minister for Railways, Government of India, lays thrust on safety, consolidation, improving passenger amenities and fiscal discipline. The Budget has proposed the highest ever plan outlay of Rs 63,363 crore (US$ 11.75 billion) for 2013-14.

India poised to emerge key growth engine for Renault

India is expected to become a key market for Renault by the end of 2013. Also, it will be a critical global hub for the compact car by 2015-16, as per Renault.

Daimler to add 800 people in Indian R&D centre

Daimler AG has established the biggest R&D facility in Bengaluru, outside Germany. The company plans to hire 800 professionals taking the total headcount of Mercedes-Benz R&D team in India to 2,000 by the year 2015.

Telenor inks five year network outsourcing deal with Alcatel-Lucent in India

Telenor has inked a five year outsourcing deal with Alcatel-Lucent for managing three GSM technology networks in western and southern India.

Turkish Cargo signs pact with IBS Software for iCargo

IBS Software has signed a 10 year contract with Turkish Airlines for providing software support to its cargo service. iCargo is the flagship product of IBS for its air cargo operations.

L&T Construction bags new orders worth Rs 1,504 crore

Larsen & Toubro (L&T) Construction has obtained new orders worth Rs 1,504 crore (US$ 279.92 million) both within and outside India.

Small and medium Japanese auto-component makers to explore investments in TN

A delegation of Japanese auto component companies is in Tamil Nadu (TN) to explore investment opportunities and scout for partnerships with Indian auto component makers.