| POLICY WATCH |
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Government to remove 24 per cent FDI cap on SSI units
The government is set to remove the foreign direct investment (FDI) cap of 24 per cent for companies in the small-scale industry (SSI) sector. [More]
Government to give breather on indirect foreign holding
The government plans to exempt investments by PSU banks and financial institutions with foreign stake from calculation of indirect foreign equity holding in an Indian company. [More]
Centre may allow FDI in multi-brand retail
This will allow foreign retailers like Wal-Mart, Metro and Carrefour to enter the Indian market through joint ventures for multi-brand stores. [More]
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| PEOPLE |
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Kamath is Forbes Asia Businessman of the Year
Mr KV Kamath, CEO of ICICI Bank, has been named Businessman of the Year for 2007 by Forbes Asia, for his steadiness at steering ICICI into one of Asia's top banks. [More]
Tata, Mittal, Nooyi among world's Top 25 business heads
Fortune magazine has named Ratan Tata, along with LN Mittal and Indra Nooyi, among the top 25 most powerful business heads. [More]
BH Jain conferred Water Conserver of India award
Mr BH Jain, Founder-Chairman of Jain Irrigation Systems Limited, has received the prestigious UNESCO & West-Net instituted award as the 'Water Conserver of India'. [More]
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| ECONOMY AND ENTERPRISE |
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India emerges top 3 economy in the world
With an estimated intangible asset component of 74 per cent, India is just behind the US and Switzerland, according to the London-based Brand Finance Institute's Global Intangible Tracker 2007. [More]
Gaming in India set to grow 72 per cent by 2010-11
The Indian gaming segment has touched US$ 48.26 million in 2006, and is likely to cross US$ 427.35 million by 2010, says Nasscom. [More]
Ad industry to grow 61 per cent
India's advertising industry is set to grow 61 per cent by 2010, with advertising spend climbing to US$ 9.32 billion from US$ 5.76 billion this year. [More]
FMCG product launches hit a record high in calendar 2007
India's Fast Moving Consumer Goods (FMCG) industry has seen the launch of 251 new products up to October CY07, against 191 in the same period last year. [More]
Investment by VC firms up five-fold
The investment by venture capital firms grew nearly five times in the first three quarters of 2007 compared to last year, and more than twice the annual investment in 2005. [More]
Internet user base grows to 46 million
India's internet user base grew by over 40 per cent to touch 46 million in September 2007 from 32.2 million in the same month last year. [More]
Indian firms net US$ 20 billion on US bourses in 2007
Indian firms listed in the US have a reason to smile - their total market value has grown by close to US$ 20 billion since the beginning of 2007. [More]
Reliance, Tatas among 100 emerging global challengers
Indian corporates like Tatas, Birlas, Mahindras and Ambanis pose an 'urgent threat' to world industry leaders, according to Boston Consulting Group's list of 100 New Global Challenger Giants. [More]
JSW Plans to open 600 steel retail outlets
JSW Limited will open 600 steel retail outlets in the next two years - the first of its kind in India - to provide the best quality steel at competitive prices. [More]
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Parking lots to earn
US$ 1.39 billion per year by 2010
With one in 10 Indians owning a vehicle, parking lots will earn US$ 1.39 billion annually by 2010. Also, insurance for parking lots is gaining ground as parking becomes more organised. [More]
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We know the (Indian) market is going to explode but we can't say when.
Dr Hector Ruiz
Chairman and CEO
Advanced Micro Devices |
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Happy Indians are buying chocolates like never before - chocolate sales grew 15 per cent to US$ 304.2 million (36,000 tonnes) in 2007 alone. [More]
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ITC plans to add 20,000 e-Choupals
ITC is looking at increasing its e-Choupal footprint to nine more states adding 20,000 more kiosks, and 10 million farmers to its network by 2010. [More]
IISc team isolates fungus that can produce popular bioinsecticide
In search of greener pesticides, biochemists at the Indian Institute of Science (IISc) have discovered a new microorganism that produces large quantities of a bioinsecticide to fight pests which affect major crops in India. [More] |
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