| POLICY
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After
IT Parks, India to get IT Investment
regions
The Cabinet Committee on Economic
Affairs has cleared the policy for setting up
Information Technology Investment regions
(ITIRs). [More]
Telcos
can share infrastructure: Telecom
department
The Department of Telecom has
announced active infrastructure sharing
guidelines for service and infrastructure
providers. [More]
Now,
MFs can invest US$ 7 billion overseas
The
Reserve Bank of India has raised the overall
limit for overseas investment by domestic mutual
funds (MFs), from US$ 5 billion earlier. [More]
Government
to allow dollar-rupee futures
soon
Governed by the Securities and
Exchange Board of India, trading on rupee-dollar
contracts is likely be allowed on existing
exchanges. [More]
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| PEOPLE |
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Indian-origin scientist gets
prestigious meteorology award
Dr Jagadish
Shukla has been awarded the prestigious
International Meteorological Organization (IMO)
Prize for his research on climate change and
predictability. [More]
Naresh
Goyal receives award from Belgian Aviation Press
Club
Jet Airways Chairman Naresh Goyal
has been presented with the 'Man of the Year'
award by the Belgian Aviation Press Club. [More]
Indian-origin
doctor gets Ontario's highest civilian
award
Sheela Basrur has been conferred
the Order of Ontario, the highest civilian award
in Canada's most important province. [More]
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| ECONOMY AND
ENTERPRISE |
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Core
sector rebounds in February
Growth in
coal, power and cement has led to a healthy
growth of 8.7 per cent in February 2008, against
7.6 per cent in the same month last year. [More]
Exports
may touch US$ 500 billion in 5 years
With
increased focus on textiles, gems and jewellery,
leather, and engineering goods, India's exports
can reach US$ 500 billion by 2013, says the
Confederation of Indian Industry. [More]
India
sees US$ 25 billion investment in port,
shipping
India expects to double its port
capacity to 1,500 million tonnes (mt) by
2011-12, with an investment of US$ 25 billion in
port and shipping sectors. [More]
India
server market factory revenue touches US$ 727
million
Factory revenues of the server
market have risen by 24 per cent to US$ 727
million and shipments grew 19 per cent to
1,35,615 units in 2007, as per IDC. [More]
Indian
herbal market to grow by 20 per
cent
Indian herbal market is likely to
reach US$ 3.63 billion, clocking exports worth
US$ 2.25 billion, by 2012. [More]
Cement
firms add 17 mt capacity in fiscal
2008
With an additional 17 mt capacity
added in 2007-08, India's cement production for
the year grew by 7.09 per cent to 166 mt. [More]
RIL,
ONGC in Forbes' top global firms list
Led
by Reliance Industries and PSU major ONGC, as
many as 48 Indian firms have made it to the
Forbes 'Global 2000 List'. [More]
India
Inc doubles fund-raising via public
offers
Corporate India mobilised a record
US$ 13.09 billion through public equity
offerings in 2007-08 against US$ 6.26 billion in
2006-07. [More]
RIL
to invest US$ 7.49 billion in fab
plants
The government has received seven
proposals with an investment of around US$ 16.25
billion for semiconductor fabrication. [More]
Parsvnath
to invest US$ 5 billion in realty
projects
The investments would be in
residential projects, integrated townships,
special economic zones, hotels and retail
business. [More]
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Multiplexes
set to take country by storm
Buoyed by
regulatory changes, consumerism, and multiple revenue streams,
India's multiplex industry - paving the way for
megaplexes - is set for an
unprecedented boom.
[More]
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Five
years ago, industrial customers expected
delivery once a day; now they demand 20 ... they
expected six new products to be developed in a
year; today they expect 11.
Surinder
Kapur
CMD
Sona Koyo Steering Systems
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India's
first monorail - with an estimated project cost
of US$ 450.34 million - is slated to come up in
Mumbai by 2010. [More]
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Responsible
tourism, the new buzz
Rural toursim in
India is helping intergrate the locals with
global tourists, so that both move forward. [More]
Majority
of Darjeeling tea to go organic
About 37
per cent of the tea grown on the eastern
Himalayan slopes is organic at present. [More]
100MW
green power units this fiscal
The West
Bengal Renewable Energy Development Agency also
plans a 50MW wind park and a solar park of 26MW
capacity. [More]
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