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Continued buoyancy in manufacturing and
services will see the Indian economy grow 9.2 per cent in 2006-07,
making it the second consecutive year that the economy has grown at
this rate, according to advance estimates of national income from
the government's Central Statistical Organisation (CSO).
Indian companies are seeking acquisitions in mature overseas
markets. Kumar Mangalam Birla's Hindalco Industries, the country's
largest aluminium producer, last week announced the acquisition of
Atlanta-based Novelis for an enterprise value of nearly US$ 6
billion in cash.
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Warm
regards,
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Jayant Bhuyan
CEO, India Brand Equity
Foundation
& Deputy Director General, Confederation of
Indian Industry |
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Report: India Inc beats the world on growth
sentiment |
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A
Grant Thornton survey has concluded for a fourth successive
year that Indian firms are the world's most optimistic when it
comes to rating national economic prospects. [More] |
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Report: India zooms past China |
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India
has emerged as the most favoured private equity destination
attracting US$ 1,239.22 million worth investments in January,
says a report by Asian Venture Capital Journal. [More] |
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German companies in India: Carl Bechem Lubricants
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With
the country's manufacturing sector growing at an average
annual rate of 6 percent per year, Carl Bechem's special
lubricants have enjoyed a high demand market. [More] |
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Japanese companies in India: Stanley Electric |
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With
60 per cent of the market share in automobile lighting
business, Stanley Electric has been a major beneficiary of the
growth in the auto sector. [More] |
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| Corporate/Policy Briefs |
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Economy set to grow at 9.2 per cent
Continued buoyancy in manufacturing and services will
see the economy grow 9.2 per cent in 2006-07, making it the
second consecutive year that the economy has grown at this
rate. |
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Government for 100 per cent FDI in higher
education
The Government said it will allow 100 per
cent foreign direct investment in higher education as it had
committed at the WTO in 2003. |
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FDI inflow may double in 2007
Inflows of
foreign direct investment (FDI) into India have increased
significantly during the current financial year, according to
the Minister of Commerce and Industry Kamal Nath. |
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Birla buys US based metal major for US$ 6
billion
Hindalco Industries, the country's largest
aluminium producer, has acquired Atlanta-based Novelis for an
enterprise value of nearly US$ 6 billion in cash. |
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Genpact plans India's largest IPO in
US
Genpact has finalised its IPO plans in the US
markets. Genpact will raise between US$ 500-600 million. This
will be the largest IPO by an Indian company in the US. |
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