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| Today's News |
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May 16, 2012
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Vast scope for enhancing trade with Latin America, Africa: Scindia
New Delhi: There is great opportunity for enhancing trade with Latin American and African countries, as per Mr Jyotiraditya Scindia, Minister of State for Commerce. "Ten Free Trade Agreements (FTAs) have been successfully completed, while five limited-scope Preferential Trade Agreements are in the process, and seven more proposals for FTAs are under consideration," added Mr Scindia. |
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Garmin enters India mass market, launches GPS priced at 9k
New Delhi: Garmin Corporation, world's largest maker of global positioning system (GPS) devices, has entered the Indian mass market with the launch of nuvi 40LM and 50LM devices, to be priced at Rs 8,450 (US$ 155.89) and Rs 9,990 (US$ 184.30) respectively. |
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Tamil Nadu aims to become investment destination of choice
New Delhi: The Government of Tamil Nadu (TN) has signed memorandum of understandings (MoUs) for investments worth Rs 7,850 crore (US$ 1.45 billion), majority of which will come from the automobile industry. Twenty-eight leading industrial institutions have come forward to invest about Rs 36,000 crore (US$ 6.64 billion) in TN, according to the State Industries Department. |
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Indian MNCs get robust
New Delhi: The robustness of an economy is partly reflected in the health and standing of its transnational or multinational companies (MNCs). The Indian School of Business (ISB), in co-operation with a Brazilian counterpart, has constructed a transnational index to rank Indian multinationals and thereby gain available insights. The index combines size measured in three ways: through revenue, through assets and through the number of employees. |
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It is destination Bangalore for overseas tech product start-ups
Bengaluru: Various US-based firms and start-ups from other countries are targetting Bengaluru as a destination to develop technology products, due to availability of wide talent pool. US-based Snap MyLife Inc and BloomReach Inc, and New Zealand-based Pingar have opened their development centre in Bengaluru. |
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