| POLICY WATCH |
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Sebi opens window for new hybrid product
The Securities and Exchange Board of India (SEBI) has put in place a framework for a new hybrid product whereby companies can raise low-cost debt and at the same time, allow investors to detach the equity component from the instrument and trade in it. [More]
Govt mulls lowering FDI cap in newspaper fax editions
The Department of Industrial Policy and Promotion (DIPP) has sought a review of foreign direct investment (FDI) in facsimile editions of foreign newspapers in India, with the objective of bringing down the FDI cap from 100 per cent to 26 per cent to bring it in line with the limit for news media. [More]
Centre, states agree to have dual GST
The centre and states have agreed on a uniform dual Goods and Service Tax (GST) regime from April 2010, according to a panel of finance ministers. There will be two slabs for GST, but the rates will be same for goods and services. [More]
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| PEOPLE |
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Ambani sixth in ICIS Top 40 Power Players 2008
Indian billionaire Mukesh Ambani has been ranked sixth in the Top 40 Power Players List 2008 compiled by international chemical business information provider, ICIS. [More]
Golden Globe Nomination for A R Rahman
Renowned Indian music director A R Rahman has won a Golden Globe nomination for Best Original Score for his music in Slumdog Millionaire, directed by Danny Boyle. [More]
Swaraj Paul becomes first Asian Deputy Speaker of UK's House of Lords
With his appointment as the Deputy Speaker of the United Kingdom's House of Lords, Lord Swaraj Paul has become the first Asian to hold the post. [More]
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| ECONOMY AND ENTERPRISE |
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Govt confident of economy bouncing back next fiscal
As Canara Bank provides an impetus to growth by not restricting lending to any sector and the recently announced stimulus measures bolster growth, the economy will bounce back in the second half of next fiscal according to Mr P Chidambaram, Union Home Minister. To achieve this, the government is fine-tuning another soon-to-be launched stimulus package where rate cuts are expected to help it achieve the desired result.
Inflation at 9-month low, hope floats for RBI rate cut
Economists and analysts expect a further fall in key policy rates with the headline inflation rate for the week ended December 6 dropping to a nine-month low of 6.84 per cent, below the Reserve Bank of India's (RBI's) target of 7 per cent for 2008-09. [More]
India makes it to the global 3G map
The Prime Minister, Dr. Manmohan Singh, launched the country's first 3G mobile services on state-owned Mahanagar Telephone Nigam's networks, putting India on the global 3G map. [More]
Indian M&As pick steam in Nov
Corporate India clocked US$ 3.4 billion worth of mergers and acquisitions (M&As) during November 2008, as compared to US$ 2.13 billion in October 2008 and US$ 850 million in November 2007. [More]
India continues to top Gartner's list of 30 offshoring destinations
India continues to hold its ground as the leader for offshoring services according to a research and advisory firm, Gartner, which assessed 72 countries as offshore locations to announce its top 30 destinations. [More]
'Gen next business model will emerge from India'
Delivering the special address on 'Creating Next Practices' at the Manufacturing Summit 2008, organised by the Confederation of Indian Industry (CII), originator of Next Practices, Mark McGregor said that the business model for the next generation could emerge by harnessing the inherent potential of India. [More]
Shinde promises electricity for all by 2012
The government plans to provide electricity for all by 2012, Mr Sushilkumar Shinde, Union Minister for Power told reporters in New Delhi. [More]
Nalco inks deal with Rio Tinto to widen global footprint
National Aluminium Company Ltd (NALCO), Asia's largest integrated aluminium producer, has forged a strategic alliance with Canada's Rio Tinto Alcan (RTA), a global supplier of bauxite, alumina and aluminium, to ramp up its local as well as global presence.[More]
McAfee ties up with Wipro Tech
Security solutions provider McAfee Inc has announced a global alliance with Wipro Technologies that will allow Wipro to resell McAfee's products globally and also be a managed security services partner. [More]
Bangalore tops PwC's Apac realty chart
India's IT capital, Bangalore, ranked no.1 on development prospects and 4th on investment prospects among Asia–Pacific (APAC) cities in 2009, according to a report—Emerging Trends in Real Estate Asia Pacific 2009—by PricewaterhouseCoopers (PwC) and Urban Land Institute (ULI). [More]
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Releasing the IIT Alumni Impact Study-2008, the Prime Minister, Dr Manmohan Singh, lauded the contribution of the IIT community and emphasised the continuing need for their contribution in making India an embodiment of success at 75.
Readers interested in acquiring a soft copy of the IIT Alumni Impact Study-2008 may write to the ceo@ciionline.org
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"In India, the watch segment has grown by almost 30 per cent on an annualised basis. Currently, it is among the top 15 markets for us. In the next few years, it will be among the top four to five markets."
Jean-Christophe Babin
President and CEO
Tag Heuer |
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With the signing of a sponsorship deal, Tata has become the first Indian brand to feature in Formula 1, the world's most famous motor sport. [More]
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MTNL Goes Green with Reva cars
Mahanagar Telephone Nigam Limited (MTNL) has announced that its technical team will drive Reva electric cars across the city to carry out maintenance work of its telecom network, thus becoming the first state-owned enterprise to demonstrate its commitment to sustaining a pollution-free environment and balanced ecosystem. [More]
Green buildings to change India's skyline by 2010
The Indian Green Building Council (IGBC) envisages one billion square feet of green building footprint, 1,000 green buildings to be registered by 2010 and a major share for India in the US$ 40-billion market for green-building materials by 2012. [More]
Surya Roshni to replace traditional bulbs with eco-friendly lamps
Surya Roshni Ltd has decided to reduce the production of traditional bulbs in a phased manner and replace it with more eco-friendly lamps and has also launched a nation-wide campaign for creating awareness about conserving energy and using energy-efficient lamps. [More]
Environmental Sustainability Index: Sikkim bags second spot
The Centre for Development Finance (CDF), a non-profit research organisation, has given Sikkim the second position among all the 28 States in its Environmental Sustainability Index (ESI) 2008 report. [More]
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