India will overtake China in 2016: Goldman Sachs

India is expected to become the fastest growing major economy in calendar year 2016, overtaking China for the first time, on the back of healthier macroeconomic numbers, structural reforms by the government and higher investments, according to Goldman Sachs.

India and Japan to cooperate in cyber security and green ICT

India and Japan have decided to cooperate in the fields of cyber security and green information and communication technology (ICT). The two countries also decided to further discuss the development of standards in the field of ICT for future cooperation.

India joins the Thirty Meter Telescope project as a full member

India has become a full partner in the Thirty Meter Telescope (TMT) project after Mr K Vijay Raghavan, Secretary, Department of Science and Technology, signed the membership agreement at the TMT International Observatory (TIO).

Govt sets up committee to ease US investments

The Government of India has constituted a committee to be headed by the Secretary, Department of Industrial Policy and Promotion (DIPP), which would fast-track investment proposals from the US and address the issues related to implementation of the projects where investments are to flow in.

ISRO's commercial arm inks 16 contracts with 6 countries

Antrix Corporation Ltd, the commercial arm of Indian Space Research Organisation (ISRO), has signed contracts to launch 16 satellites of six countries in the coming years.

Govt eases FDI rules for construction sector

The Government of India has notified easier foreign direct investment (FDI) rules for the construction sector, where 100 per cent overseas investment is permitted. This will allow overseas investors to exit a project even before its completion.

Four Indian projects to get UN award for green initiatives

Four grassroots projects from India will be awarded by an initiative spearheaded by the United Nations Framework Convention. The Momentum for Change awards recognise innovative and transformative solutions to address climate change as well as wider economic, social and environmental challenges.

Cabinet clears 14 changes to Companies Act

The Cabinet has cleared 14 changes in the Companies Act, 2013, paving the way for tabling the amendments in the ongoing session of Parliament. The move aims at making it easier to do business in India.

Government approves 15 FDI proposals

The Foreign Investment Promotion Board (FIPB) has cleared 15 proposals worth around Rs 689.35 crore (US$ 111.36 million).

Manufacturing PMI rises to 21-month high in Nov

Manufacturing activities in India rose to a 21 month high at 53.3 points in November 2014, according to the HSBC Purchasing Managers' Index (PMI).

Indian Railways Identifies Nine Corridors for Semi High Speed Trains

Indian Railways has identified nine corridors i.e. Delhi-Agra, Delhi-Chandigarh, Delhi-Kanpur, Nagpur-Bilaspur, Mysore-Bengaluru-Chennai, Mumbai-Goa, Mumbai-Ahmedabad, Chennai-Hyderabad & Nagpur-Secunderabad for raising the speed of passenger trains to 160/200 kmph.

Indian software market grows 10.7 per cent in H1 2014

The Indian software market grew 10.7 per cent in the first half of 2014, according to the research firm International Data Corporation (IDC).

Indian tablet market grew 10 per cent in September quarter

The Indian computer tablet market with 0.94 million units sold, reported its strongest quarter growth in 2014 at 10 per cent in the three month period ended September 30, 2014, according to International Data Corp (IDC).