| POLICY
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FDI
cap in air cargo raised to 74 per
cent
Foreign carriers can take up to a 74
per cent stake in cargo airlines, against the
earlier 49 per cent limit. [More]
Government
allows FDI in commodity exchanges
The FDI
cap across public sector oil refineries has been
liberalised, and foreign investment allowed in
commodity exchanges and credit information
companies. [More]
Trai proposes
74 per cent FDI in mobile TV
service
Broadcast regulator Telecom
Regulatory Authority of India (Trai) has
proposed 74 per cent FDI in mobile television
services. [More]
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| PEOPLE |
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Indra Nooyi elected USIBC
Chairman
PepsiCo CEO Indra K Nooyi has
become the first woman to serve as the Chairperson
of the Board of Directors of the US-India Business
Council. [More]
N R Naryana
Murthy receives highest civilian honour of
France
Infosys mentor, N R Naryana Murthy
has been conferred the Officer of the Legion of
Honour, by the Government of France. [More]
Indian to head
eBay's core auction business
Rajiv Dutta
has become the Executive Vice President of the
world's largest internet auction firm, eBay. [More]
Mittal, Ambanis
among world's wealthiest CEOs:
Forbes
Four Indians - Lakshmi
Mittal, Mukesh Ambani, Anil Ambani and Azim Premji
- are among the world's 10 wealthiest CEOs as
listed by Forbes. [More]
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| ECONOMY AND ENTERPRISE |
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GDP
growth at 18-year high
India's economy grew
by an impressive 9.6 per cent in 2006-07, the
highest in the past 18 years. [More]
Exports up
16.04 per cent to US$ 12.31 billion in December
2007
India's exports have increased 16.04
per cent to US$ 12.31 billion in December 2007, as
against US$ 10.61 billion in the same month in
2006. [More]
Agri-biotech
sector grows at 30 per cent
India's
agri-biotech sector has grown 30 per cent in the
last five years and is likely to maintain this
growth in the future, as per Rabobank. [More]
Corporate India
bets big on stem cell
Reliance Group,
Fortis, LifeCell, Apollo Hospitals, and Cryobanks
among others, are keenly investing in stem cell
therapy and tissue engineering. [More]
Indian IT
market to grow to US$ 10 billion:
Gartner
India's IT services market is
pegged to grow to US$ 10.73 billion by 2011, at a
five year compounded annual growth rate of 23.2
per cent from US$ 5.03 billion in 2007. [More]
'Prompt' Andhra
Pradesh may get another ultra mega
project
With a total installed generating
capacity of 11,617.4MW, Andhra Pradesh plans to
add 8,963MW of capacity by 2012 at a cost of
around US$ 8.89 billion. [More]
29 India-based
IT companies among world's best 100
A
survey by CyberMedia and Global Services Magazine
has listed 29 India-based companies among the
world's 100 best IT service providers. [More]
SBI top loan
arranger in Asia-Pacific in 2007
The State
Bank of India (SBI) has been ranked as the top
loan arranger in the Asia-Pacific region in 2007,
by UK-based Project Finance International. [More]
Tata Chemicals
buys US firm for US$ 1 billion
Tata
Chemicals has become the world's second-largest
soda ash maker by acquiring US-based General
Chemical Industries Products Inc. [More]
RCom to spend
US$ 6 billion next fiscal
Reliance
Communications (RCom) will invest about US$ 6
billion in the fiscal ending March 2009 to
strengthen its wireless network. [More]
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Biscuits
to yogurt, BIL on an expansion
drive
Britannia Industries Limited (BIL),
the leading Indian biscuit-maker, is on an
expansion spree.
Besides strengthening its global presence, it aims to
foray into ready-to-eat foods and enhance its
dairy products' portfolio. [More]
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India
is on a roll
and we are happy
to be
rolling with India.
Arun
Sarin
CEO
Vodafone
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Godrej
- one of the only two typewriter-manufacturers
in the world, and the only one in India -
expects manual typewriters to live for 3-5 years
before they fade into history. [More]
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Building
sustainable industrial network key for industry
competitiveness
Sustainable Industrial
Network is promoting the use of renewable
resources and minimal use of non-renewable ones.
[More]
Hariyali
rural retail, now a Harvard case
study
Hariyali Kisaan Bazaar - an
agri-business initiative, and the rural retail
arm of DCM Shriram - has become a case study at
the Harvard Business School. [More]
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