| POLICY
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SEBI
okays NSE's plan for currency trading
The Securities and Exchange Board of India (SEBI)
has approved National Stock Exchange's (NSE) plan
to set up the first Indian exchange for trading
foreign currency derivatives. [More]
Sugar decontrol put on backburner
The proposed decontrol of the sugar industry -
involving doing away with the 10 per cent 'levy'
currently imposed on production mills, channelised
for the public distribution system (PDS)- has
been stalled by the Centre. [More]
Quality norms for onion exports tightened
The Directorate-General of Foreign Trade (DGFT)
has amended its November 2007 notification on
onion exports to streamline procedures, tighten
quality norms and eliminate abuse of permits.
[More]
Govt rules out hike in coal prices this fiscal
The government has ruled out increase in coal
prices during the current financial year, laying
emphasis on supplying affordable coal to everyone
who genuinely needed it. [More]
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| PEOPLE |
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Italian
award for NID dean
National Institute of Design, Ahmedabad (NID)
director, Dr Darlie Koshy, will be conferred the
"Il Ponte 2008" award by Fondazione Europea Guido
Venosta, Italy. [More]
Abhinav Bindra: One of the finest talent Chandigarh
has produced
Abhinav Bindra, recipient of the Arjuna award
in 2001 and the Rajiv Gandhi Khel Ratna award
for the year 2001-2002, won India an individual
gold medal in the men's 10m air rifle shooting
event at the Beijing Olympics. [More]
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| ECONOMY AND ENTERPRISE |
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Brand
India engineering is making a headway, says Frost
& Sullivan
India's automotive engineering services outsourcing
industry is expected to grow at a CAGR of 32 per
cent by 2012-13, and has the potential to generate
revenues worth US$ 2.2 billion in the next two
years. [More]
Top 20 cities hold keys to urban growth
According to an NCAER and Future Capital Research
study, the top 20 cities in India will have their
household income grow at 10 per cent annually
over the next 8 years and about 45 per cent of
India's population will be urban by 2050. [More]
IT firms' sales may touch $11 bn by 2015
With the rapid emergence of product companies
in the IT industry, India could account for roughly
2 per cent or US$ 11 billion of the global product
business by 2015, according to a Nasscom-Zinnov
study. [More]
TCS, Infosys, Wipro nextGen megavendors: Gartner
Three Indian IT majors - Tata Consultancy Services
(TCS), Infosys and Wipro - are set to emerge as
the next generation of global IT service megavendors
replacing the likes of IBM, Accenture and EDS,
according to a Gartner report. [More]
Luxury goods market in India keep its cool
With a growing millionaire base in India, the
luxury market in the country is growing annually
at a CAGR of around 35 per cent. [More]
Demand for rail signalling expertise growing
Indian companies such as McML and Kalindee Rail
Nirman Limited, with expertise in rail signalling
and track laying, are seeing growth driven by
both domestic and international orders. [More]
Jaiprakash Associates to invest US$ 3.03 billion
in four Madhya Pradesh projects
Jaiprakash Associates will be investing US$ 3.03
billion in two cement units, an aluminium production
factory and a power plant in Madhya Pradesh. [More]
KEC International setting up 400 telecom towers
in rural areas
KEC International is broadening its business canvas
by installing 400 telecom towers in the rural
areas, where the mobile phone is yet to penetrate,
with an investment of US$ 23.56 million. [More]
Hyderabad to house Infosys' largest facility
Infosys Technologies, the second largest software
exporter in India, is planning to invest US$ 296.21
million to set up a new campus in Hyderabad, which
would be its largest facility in the world. [More]
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Medical
tourism on India's agenda
According to a CII/McKenzie report, the
Indian medical tourism industry is expected
to reach US$ 2.78 billion by 2012. Indian Aura will be investing
US$ 2.35 million over the next three years
to promote Gujarat as a medical tourism
destination. And, Indu Projects, CARE
and John Hopkins are jointly setting up
a health city at Nagpur with an investment
of US$ 172.78 million.
[More]
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When
we look at markets in India, the growth
prospects over the near, medium, and longer
term are excellent and there are going
to be great opportunities as a result.
With regard to the opportunities that
we see in India, our global capabilities
match very well with the business here.
Brady W Dougan
CEO
Credit Suisse Group |
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D-link
(India) has developed a broadband videophone,
with a low 128 Kbps speed. It has been
designed, developed and manufactured in
India, making it the first of its kind.
[More]
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BECL
to use sea water to generate power
To ensure a way out of the power shortage
scenario, the Government of Gujarat is
going ahead with the innovative idea of
using sea water for its Bhavnagar Energy
Company Limited (BECL) power project at
Padva village. [More]
Gandhi's charkha now aids rural power
generation
The Khadi Gramodhyog Saghan Vikas Samiti,
Bassi, has introduced a multi-purpose
Amber e-charkha, as a pilot project of
the Khadi Commission for the first time
in the country, for generation of electricity.
[More]
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