| POLICY WATCH |
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Sky is the limit:
Government plans 100 per cent FDI for
titanium
Foreign direct investment (FDI)
cap in titanium production, the key aerospace
mineral, is likely to go up to 100 per cent in
the forthcoming review of the policy. [More]
Broadband
to go free in 2 years
The Government
proposes to offer all citizens of India free,
high-speed broadband connectivity by 2009,
through the state-owned telecom service
providers BSNL and MTNL. [More]
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| PEOPLE |
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Indra Nooyi bags
prestigious US award
Chief executive
officer of PepsiCo Indra Nooyi has bagged the
American 'By Choice' award for her outstanding
achievements as a naturalised American citizen.
[More]
South
Asia Travel and Tourism Exchange's
Award
The South Asia Travel and Tourism
Exchange (SATTE) awarded its Lifetime
Achievement Award to Capt. C.P. Krishnan Nair,
Chairman, The Leela Palaces, Hotels and Resorts.
[More]
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| ECONOMY AND
ENTERPRISE |
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India's GDP crosses US$ 1
trillion
India has joined the club of 12
countries with a trillion dollar economy, thanks
to the continuing rally in rupee against the US
dollar. [More]
Rupee:
Asia's most performing currency
The rupee
is gaining increasing relevance in overseas
markets and is slowly becoming a currency to
reckon with, even outside Indian borders. [More]
Steel:
India may rank second
The Government
anticipates that India is set to emerge as the
world's second-largest steel producer by 2016 as
the capacity would rise three-fold to 120
million tonne. [More]
Essar
buys Algoma for US$ 1.6 billion
Essar
Global announced the acquisition of Canadian
steel major Algoma in an all-cash deal worth US$
1.6 billion. [More]
IT,
cement, metal firms power Q4 profit
surge
Net profit of 105 early birds
increased 56.1 per cent to US$ 1.5 billion in
Q4FY07 from last year's US$ 999.8 million,
indicating a spectacular performance by India
Inc. [More]
Dabur
outpaces MNCs Colgate, HLL in oral
care
The oral care basket of the
homegrown FMCG company Dabur India is growing
faster than its well-entrenched MNC rivals, in
terms of both value and volume. [More]
Nissan
set to enter small car market
Two days
after General Motors entered the fray with its
Spark, Nissan said it would step into the
compact and small car market as it would like to
be a formidable player in India. [More]
Tata
Motors rolls out mini-truck 'Ace' in
Nepal
Home-grown auto major Tata Motors
has fine-tuned its 700 cc diesel engine powered
popular mini-truck, Tata Ace, to suit the hilly
terrain of Nepal. [More]
Asia
Motors to roll out GPS trucks
Asia Motor
Works, after a year in the heavy commercial
vehicles market, is conducting test runs of its
trucks equipped with a Global Positioning System
(GPS). [More]
Airbus'
Superjumbo to fly to India in May
The
world's largest passenger aircraft, Airbus'
A-380, will make its maiden flight to mark the
second anniversary of premier domestic carrier
Kingfisher Airlines. [More]
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Isn't small beautiful?
India's
small and medium enterprises (SMEs) are key
drivers of India's current double-digit
industrial growth, which is the longest cyclical
upswing underway since the second quarter of
2002.
[Click
here to
download]
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We are also looking to source more (auto)
parts out of India for our global
operations
Rick Wagoner
Chairman
and CEO
General
Motors |
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Boom time for the
communications continued non-stop with India
adding 20.08 million wireless subscribers in the
quarter ended December 2006, taking the gross
telecom subscriber base to 189.92 million. [More]
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Climate change represents
one of the greatest business
opportunities
The United Nations
Environment Programme is active through its
networks and the UN Global Compact in advancing
new ways of doing business -- in a manner that
displays better ways of managing the environment
and building the business case for sustainable
development. [More]
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