| POLICY
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Cruise
shipping policy okayed
The Union Cabinet
has given its approval for adoption of Cruise
Shipping Policy of India that envisages hassle
free customs clearance, dedicated cruise
shipping terminal, among others. [More]
Japan, India
enter bilateral swap agreement
India and
Japan have concluded a bilateral arrangement for
swapping of local currencies against the US
dollar for up to US$ 3 billion. [More]
SEZs may get
easier access to funds under proposed core
sector status
The Commerce Department has
decided to make a strong case for grant of the
proposed core sector status to SEZs with the
Reserve Bank of India. [More]
New Seeds
Bill seeks a quality harvest
The proposed
amendments in the Seeds Bill, 2004, will help
increase private participation in seed
production, distribution, seed testing as well
as liberalise the import of seeds and planting
materials. [More]
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| PEOPLE |
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Mittal tops UK's Richest Power list;
Sarin at 24th
India-born steel magnate
Lakshmi Mittal, with an estimated fortune of US$
54.50 billion, figures on top of a new 'Richest
Power List'. [More]
'Diana award'
for Indian-origin teenager in UK
Kalpreet
Kau Aulakh will be awarded the 'Diana award' for
her "voluntary and selfless work" within the
community of Leicester. [More]
U.N. award for
R S Pandey
Steel Secretary, R S Pandey, has
been presented the prestigious United Nations
Public Service Award in New York to mark the
'Public Service Day'. [More]
Indian
journalist Anasudhin Azeez bags IAB
award
Anasudhin Azeez, managing director of
Manchester-based New Asian Media Limited and
publisher of the Asian Lite magazine, has bagged
the International Association of Book-keeper's
(IAB) New Business of the Year Award. [More]
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| ECONOMY AND ENTERPRISE |
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India's
June manufacturing PMI at 4-month
high
India's manufacturing sector
performance rose to a four-month high in June,
supported by strong demand, according to the ABN
AMRO Bank's purchasing manager's index (PMI). [More]
Indian apparel
business to grow over US$ 500 billion by
2012-13
Driven by the surging demand
levels, the Indian apparel business is estimated
to touch US$ 466-513 billion by 2012-13, with a
growth rate of 15 per cent, according to leading
market solutions provider IRIS. [More]
Telecom
services revenue up 21% to Rs 1.30 lakh
cr
With one out of four Indians owning a
phone, revenue of the country's telecom services
industry has swelled to US$ 30.12 billion in
2007-08, up 21 per cent over the previous fiscal.
[More]
US$ 23.28
billion raised by India Inc through corporate
bonds
India Inc has raised over US$ 23.28
billion by issuing corporate bonds on private
placement basis in fiscal year 2007-08, according
to a report by capital market data provider Prime.
[More]
Auto cos post
higher sales in June
The Indian automobile
industry continued to record higher sales during
June, with the two-wheeler companies recording
growth in their sales for the third consecutive
month in the current fiscal. [More]
Indian digital
cable TV mkt to rank 2nd in Asia
In four
years' time, India will overtake Japan to emerge
as the second largest digital cable TV home market
in the Asia-Pacific region, according to Informa
Telecoms and Media group and Media Partners Asia
(MPA). [More]
Remote infra
management is the next big thing in tech
business
India, which provides about
two-thirds of the world's offshore technology and
back-office services, is well positioned to
maintain its 50 per cent market, according to
trade body Nasscom. [More]
Karnataka to
reboot, targets Rs 1,20,000-cr IT revenues by
2011
Software industry leaders have
presented a blueprint to the Karnataka government
for the revitalisation of the information
technology and biotech industries in the state and
double revenues from the sectors to US$ 27.82
billion by 2011. [More]
Indian Railways
hopes to create surplus fund crossing US$ 23
billion
Indian Railways hopes to create a
surplus fund of more than US$ 23 billion, riding
high on its aggressive marketing policy, which
helped it create funds worth US$ 5.78 billion in
the last financial year (2007-08). [More]
Idea-Spice deal
4th largest M&A in India
The buyout of
Spice Telecom by Idea Cellular is the fourth
largest merger and acquisition (M&A) deal
involving an Indian entity, and may be a precursor
to more such transactions in the telecom space. [More]
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Innovative
retail concepts trigger consumer
frenzy
From pottery-painting to portrait-
and toon-making, or casting gold and silver
impressions, a variety of recreational concepts
now abound in malls or exist as standalone
ventures. In fact, a whole new concept of leisure retail beckons the
Indian consumer like never before. [More]
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India
today is not an emerging economy. It has fully
emerged, and it is in full
bloom.
Olli-Pekka
Kallasvuo
President and CEO
Nokia
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| Gujarat
Co-operative Milk Marketing Federation (GCMMF),
popularly known for its products' brand name
Amul, has become India's first billion dollar
co-operative entity. [More] |
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US
firm to set up 500-mw renewable energy
projects
US-based Astonfield Renewable
Resources, a subsidiary of Astonfield
Management, is planning to set up nationwide
renewable energy projects of 500 mw over the
next five to seven years. [More]
AP plans
exclusive industrial estate for
women
Showing its resolve to empower
women, the Andhra Pradesh government has
earmarked an exclusive 30-acre industrial estate
land in Kalakal village in Medak district. [More]
Lanco plans
wind energy foray
The diversified US$
773.52 million Lanco Group has firmed up its
plans to foray into wind energy, with an initial
investment of nearly US$ 115.94 million. [More] |
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