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India Now
India Brand Equity Foundation


August 23, 2010

India is expected to increase its growth rate to 9-9.5 per cent during 2013-15 on the back of continuing structural reforms, globalisation and a sterling demographic dividend, according to a report by Morgan Stanley.

Significantly, the domestic airlines flew 17.56 million passengers during January-July 2010 as against 14.53 million passengers carried during the corresponding period in 2009, registering a 17 per cent growth.

Aparna Dutt Sharma
Aparna Dutt Sharma
India Brand Equity Foundation

Sebi sets arbitration norms
The Securities and Exchange Board of India (SEBI) has asked stock exchanges to streamline the mechanism for arbitration of disputes between a client and a member across various market segments.

Govt allows cotton exports without licence from Oct 1
According to a notification issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, the government has allowed export of cotton with effect from October 1, 2010 without the required licences even as it needs to be registered with the authorities concerned.

TN unveils rural BPO policy
The Government of Tamil Nadu (TN) has unveiled a rural business process outsourcing (BPO) policy, adopting an incentive-based approach to encourage establishment of BPOs in the rural areas.

Indian American professor wins acclaim for contributions in theoretical physics
Ennackal Chandy George Sudarshan, a 78-year-old Indian-American professor at the University of Texas, Austin, has won the prestigious Dirac Medal for 2010 for his contribution to the understanding of theoretical physics.

Indian origin woman made Victoria's multicultural commissioner
Madhu Bhatia, a 60-year old Indian-origin lady, has been appointed as Victoria's multicultural commissioner to strengthen the Australian state's cultural diversity and multicultural communities.

Ajay Kapur appointed as MD & head equity biz, Deutsche Bank
Ajay Kapur has been appointed as the Managing Director and Head of Asian Equity Strategy by Deutsche Bank.

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India Resource Centre

India to witness 9-9.5 per cent growth rate over 2013-15: Morgan Stanley
According to a new report by Morgan Stanley, India is bound to increase its growth rate to 9-9.5 per cent over 2013-15, even as China will moderate down to 9 per cent by 2012 and to 8 per cent by 2015.

Domestic airlines registered a 17 per cent growth during January-July 2010
According to the latest data collated by the Directorate-General of Civil Aviation (DGCA), the domestic airlines flew 17.56 million passengers during January-July 2010 as against 14.53 million passengers in the corresponding period in 2009.

Tata-Sikorsky venture to roll out aerospace components from Nov
Tata Advanced Systems, the Tata Group company, formed a joint venture (JV) with Sikorsky Aircraft, US, to manufacture aerospace components in India. The Tata-Sikorsky JV will start rolling out products from the Aerospace Park on the outskirts of Hyderabad from November 2010.

Ashok Leyland wins order for buses from Sri Lanka
Ashok Leyland has received an order for 1,000 buses from the People's Leasing Company (PLC) in Sri Lanka, according to the company's press release. The order is valued at US$ 26 million and is the firm's largest single order for buses from Sri Lanka.

Kurl-on to invest Rs 150 cr in Saudi, India plants
Kurl-on Ltd will invest around Rs 150 crore (US$ 32.2 million) in the next couple of years on setting up three mattresses manufacturing plants, one in Saudi Arabia and two more in India.

Mauj Mobile buys UK-based phone application store
Mobile value-added services (VAS) company Mauj Mobile has acquired UK-based Mobango, an independent mobile application and user generated content store.

Canada, India to tie up for making films in 2011
Canada plans to sign a film and new media co-production treaty with India at the 12th edition of the International Indian Film Academy Awards (IIFA) scheduled to be held in Toronto in 2011.

India to launch satellite to monitor sea levels
India plans to launch SARAL by 2011, a satellite to monitor sea water levels in collaboration with the French National Space Agency. SARAL will carry an altimeter (ALTIKA) for studying the sea surface heights and an ARGOS payload, which is a satellite-based data collection platform.

  SPECIAL - Research

The Apollo Hospitals Educational and Research Foundation (AHERF) has firmed up its stem cell research collaboration with US-based StemCyte Inc, by investing Rs 70 crore (US$ 15 million) in the 50:50 venture.

Moreover, Bharat Heavy Electricals Ltd (BHEL) units at Tiruchi and Ranipet will collaborate with the Indian Institute of Technology, Madras (IITM), for joint research in sea water desalination and pollutant control systems.




"India is our most dynamic market anywhere in the world."

John S Hamilton
President and Chief Executive Officer
Electro-Motive Diesel Inc




Esource India has launched the country's first private employment exchange for the youth from smaller towns and cities in Gujarat.

Blackstone invests Rs 1,350 cr in Moser Baer's energy biz
US-based private equity (PE) fund Blackstone has invested US$ 300 million (Rs 1,350 crore) in Moser Baer Projects Private Ltd to commission 5,000 mega watt (MW) of power generation capacity including 500 MW of solar power and 500 MW of hydro power over the next six years in India and Germany.

Orient Green ties up with Japanese co for biomass power project
Orient Green Power Company Ltd (OGPL) has tied up with Nishi-Nippon Environmental Energy Co of Japan to set up a 7.5 mega watt (MW) poultry litter-based, biomass power generation project in Namakkal, Tamil Nadu.

Solar Semi partners Canadian firm
Solar Semiconductor (P) Ltd, a photovoltaic (PV) products company, has announced a strategic partnership with Sonepar, a distributor of electrical and solar PV products in Canada and worldwide.

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