India Positive - February 27, 2015

  • India Positive - February 27, 2015

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February 27, 2015

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India, Japan to carry out gas hydrate survey


India and Japan will be carrying out joint survey for gas hydrates using a Japanese drilling ship in the Indian Ocean, as part of a collaborative operation between India's National Institute of Oceanography (NIO) and the Japan Agency for Marine-Earth and Science Technology (JAMSTEC).

Govt to invest Rs 1 lakh crore in Railways in FY16


The Government has proposed a plan outlay of over Rs 1 trillion (US$ 16.18 billion) in Indian Railways for 2015-16 to be used for the acquisition of locomotives, coaches and wagons, doubling of railways lines and their gauge conversion and new lines.

11 Indian and 13 foreign satellites launched during Jan 2012-Feb 2015


During the last three years (January 2012-Februrary 2015), India has successfully launched 24 satellites consisting of 11 Indian satellites and 13 foreign satellites.

Union cabinet approves setting up of BRICS bank


The Union Cabinet of India has approved the establishment of US$ 100 billion New Development Bank (NDB) envisaged by the five-member BRICS group as well as the BRICS 'contingent reserve arrangement' (CRA).

Bengaluru emerges as a global hub of Hadoop engineers


After Silicon Valley, Bengaluru has emerged as a major global hub of engineers trained in Hadoop. India's growing pool of Hadoop experts is also attracting several US-based companies to consider expanding in the country.

Indian tablet market sees steady increase in Q4


The Indian tablet market reported shipments of 960,000 units in the fourth quarter of 2014 (calendar year), a quarter-on-quarter growth of 3.6 per cent, according to International Data Corporation (IDC).

Hotel industry growth is expected to strengthen to 9-11% in 2015-16


Indian hotel industry revenue growth is expected to strengthen to 9-11 per cent in 2015-16, driven by a modest increase in occupancy and small increase in rates, as per rating agency ICRA Ltd. India has around 29,000 premium rooms under development to be launched over the next six years.

Four Indian companies in top global start-up list


Four Indian companies- Flipkart, Snapdeal, Ola Cabs and InMobi-have entered a list of the 73 most valued billion dollar club of start-ups across the world, according to a survey by The Wall Street Journal and Dow Jones VentureSource.

Digital India Initiative: Web-Portal Launched for Delivering E-Certificates to Ncvt Courses, Iti Pass-Outs


The Government of India has launched a web-portal www.ncvtmis.gov.in which will deliver e-certificates to the pass-outs from various National Council on Vocational Training (NCVT) courses including ITI pass-outs.

Carriage charges on STD calls halved by Telecom Regulatory Authority of India


The Telecom Regulatory Authority of India (TRAI) slashed the carriage charge by close to half that telecom operators need to pay providers of long-distance telephony for carrying STD calls. The regulator has put a cap of 35 paisa (US$ 0.005) per minute ceiling on the charge, irrespective of the distance of the call.

Suzlon Energy completes 350 MW wind turbine deal in Brazil


Suzlon Energy Ltd announced that it has completed installing and commissioning 350 megawatt (MW) of wind energy in Brazil. This combined capacity includes projects located in the high wind states of Rio Grande do Norte and Ceara in Brazil.

Tech Mahindra partners IBM to build hybrid cloud platform


Tech Mahindra Ltd has partnered International Business Machines Corp (IBM) to create a platform on which its developers can build web-based applications for clients. The platform will be built using IBM's Bluemix Dedicated cloud infrastructure.

x IBEF : India Brand Equity Foundation