India becomes permanent member of Washington Accord

India became a permanent member of the Washington Accord (WA) on June 13, 2014. The country now joins an exclusive group of 17 countries who are permanent signatories of the WA, an elite international agreement on engineering studies and mobility of engineers.

SEBI unveils measures to revitalise primary market

The Securities and Exchange Board of India (SEBI) has announced a slew of measures on June 19, 2014, in an effort to improve retail participation and boost the primary market. They include reservation and discounts for retail investors under the offer for sale (OFS) mechanism.

India, Russia to set up study group to push FTA

India and Russia have agreed to set up a joint study group to look at the feasibility of a free trade agreement (FTA) between India, the Customs Union of Russia, Belarus and Kazakhstan.

10 Indian varsities in Times Asia rankings

Ten Indian institutions have made it to this year’s Asia University Rankings by Times Higher Education on the top 100 list, compared to only three last year.

Govt to make e-clusters in eight cities: Prasad

The Government of India will develop new manufacturing clusters for electronic goods in eight cities as part of its agenda to boost manufacturing, according to Mr Ravi Shankar Prasad, Union Minister for Communications and Information Technology, Government of India.

FIEO inks pact with Afghanistan export promotion agency

The Federation of Indian Export Organisations (FIEO) has signed a memorandum of understanding (MoU) with the Export Promotion Agency of Afghanistan (EPAA) and the Ministry of Commerce and Industry of Afghanistan, following the visit of a 10 member business delegation representing natural herbs, fresh fruits and dry fruit sectors from Afghanistan.

ICAI signs memorandum of understanding with the Saudi Organization for certified public accountants

The Institute of Chartered Accountants of India (ICAI) signed a memorandum of understanding (MoU) with the Saudi Organisation for Certified Public Accountants (SOCPA) at ICAI Bhawan, New Delhi, on June 19, 2014.

Apollo Tyres to invest Rs 400 crore in Kerala

Apollo Tyres Ltd plans to invest about Rs 400 crore (US$ 66.72 million) at its Kerala facility to increase its off-highway tyres manufacturing capacity. Increasing demand, especially in the global market, has pushed the company to go for expansion, as per Mr Satish Sharma, President - APMENA Region, Apollo Tyres.

L&T Shipbuilding delivers first commercial vessel to Qatar company

L&T Shipbuilding delivered its first export commercial vessel, built at the Kattupalli Shipyard near Chennai, to Halul Offshore Services Company WLL (HOSC) of Qatar. The ship, Halul 42, is the first in a series of six platform supply vessels (PSVs) to be delivered to HOSC.