| POLICY WATCH |
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24 per cent investment cap on SSIs removed
The government has removed the 24 per cent investment cap in the small scale industrial sector. [More]
Tax rebate for entertainment industry under way
The Ministry of Information and Broadcasting is aiming at a further cut in entertainment tax to 25-30 per cent, including a tax breather for the Direct-to-Home (DTH) players. [More]
General insurers to get full pricing freedom from January 1
The Insurance Regulatory Development Authority of India has agreed to give full pricing freedom to general insurance companies from January 1. [More]
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| PEOPLE |
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Pachauri, Gore accept Nobel
India's Rajendra Pachauri, Chairman of the United Nations' IPCC, received the Nobel Peace Prize along with former US Vice President Al Gore. [More]
Vikram Pandit appointed CEO of Citigroup
India-born Vikram Pandit has been appointed the CEO of Citigroup. [More]
Indian film-maker bags top Commonwealth Vision Award 2007
India's freelance film-maker GD Jayalakshmi has bagged a top prize in the Commonwealth Vision Awards 2007 for her film on recycling paper. [More]
Rita Sharma: England's richest Asian woman entrepreneur
India-born Rita Sharma - England's richest Asian woman entrepreneur - has gained a foothold in Britain's travel booking industry with an estimated worth of US$ 198.26 million. [More]
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| ECONOMY AND ENTERPRISE |
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Auto part investments to treble in 3 years
With India's automobile capacity estimated to double from 2.2 million units p.a. to 4.4 million by 2010, auto component companies are investing US$ 7.58 billion. [More]
UK: India Inc's favourite destination for acquisition
India has emerged as one of Britain's foremost partners in trade, and relations between the two countries are being universally described as the 'best ever'. [More]
India among 5 nations sharing half of world production
Five countries - the US, China, Japan, Germany and India - account for nearly half of the world's GDP as measured by buying power in US dollars, according to a new World Bank report. [More]
Rupee is BRIC's second fastest growing currency
The rupee has become the second most appreciating currency against the dollar among BRIC currencies, with a surge of 11 per cent in 2007. [More]
India's industrial growth up 11.8 per cent in October
Robust performance of the manufacturing sector pushed up the industrial growth to 11.8 per cent in October as against 4.5 per cent in the same month last year. [More]
Indian laptop market grows 85 per cent
India's laptop computer market grew by 84.8 per cent in Q307 against the same period last year, contributing significantly to the overall PC market growth of 25.1 per cent. [More]
M&M out of Jaguar, Land Rover race
This development has strengthened the case for Tata Motors - now pitted against private equity firm OneEquity Partners - as the preferred bidder for Jaguar and Land Rover. [More]
NTPC scouts for US$ 1 billion acquisition overseas
India's largest power generation company NTPC Limited is in active talks with more than one foreign power generation company for acquiring assets in excess of US$ 1 billion. [More]
Welspun buys 76 per cent stake in Portuguese company
Welspun India, a global major in terry towel making, has acquired 76 per cent stake in Portugal-based Sorema, Tapates e Cortinas de Banho, SA (Sorema) for US$ 15.15 million. [More]
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Future group to enter logistics, invest US$ 101.21 million
Besides investing US$ 101.21 million in the logistics business by 2010, the Future Group also plans to expand Home Solutions Retail India to leverage its various retail formats, and to extend Future Services. [More]
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India is going to be a refining and petrochemical hub. The country's largest forex earnings are going to be from export of refined products.
Carlos A Cabrera
President and CEO
UOP - a Honeywell company |
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The Indian Space Research Organisation is exploring the possibility of establishing the first human colony on the moon. [More]
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Green lessons from Pune
Urban India could take a leaf from Pune on how a city can help reduce emission of greenhouse gases. [More]
IBM develops GreenCert to simplify carbon trading
IBM, Enterprise Information Management Inc, and Evergreen Energy Inc have developed a greenhouse gas meter to calculate carbon emission reductions across multiple industries, and transform the data into Certified Carbon Emission Reduction Credits. [More]
Videoconferencing lends farmers a helping hand
Farmers are using videoconferencing to procure seeds and fertiliser, to access market-related information, and to market their products. [More]
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