| POLICY WATCH |
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Cabinet to consider 49 per cent FDI in PSU refineries
The Petroleum Ministry has asked the Cabinet to raise the cap on FDI in government-owned refineries to 49 per cent from the current 26 per cent. [More]
Comexes, credit info companies may see FDI
The Commerce Ministry proposes to allow up to 49 per cent FDI in credit information companies and commodity exchanges. [More]
Government proposes 100 per cent FDI in titanium mining
The Government proposes to allow 100 per cent FDI in mining and mineral separation of titanium bearing minerals and ores. [More]
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| PEOPLE |
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Three Indians in 100 women bankers' list
Julie Chakraverty, MD at UBS; Ina De, Europe head of new equity issues at JPMorgan; and Rita Dhut, head of value investments at Morley Fund Management, figure in the 'FN-100 Women' list of Financial News. [More]
IGNOU professor selected for UKIERI award
Professor PR Ramanujam, Director, Inter-university Consortium of IGNOU, has been selected for the UK-India Education and Research Initiative award. [More]
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| ECONOMY AND ENTERPRISE |
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October manufacturing activity growth at 31-month high
Manufacturing activity in October grew at its fastest pace in the 31-month history of the ABN AMRO Bank Purchasing Managers' Index. [More]
Indian consumer to spend US$ 5.08 a day by 2025: Study
Indian consumer spending could quadruple to US$ 1.77 trillion, spurred by ten-fold increase in middle-class population and three-fold jump in household income, says a McKinsey study. [More]
M&As, PE deals total US$ 63.5 billion till October
For the first 10 months of the year, the total value of mergers and acquisitions (M&A) and private equity (PE) deals involving India Inc has more than doubled to a staggering US$ 63.5 billion. [More]
Per capita income may rise to US$ 1,000
India's per capita income is expected to rise to US$ 1,000 by the end of 2007-08 fiscal on the back of a 9 per cent economic growth, says the Finance Minister. [More]
Pharma industry to grow at 16 per cent: KPMG
India's pharmaceutical industry is set to grow by 16 per cent annually for the next five years, predicts a KPMG report. [More]
India claims No. 2 slot in fish production
With immense possibilities for open water fisheries and fresh water aquaculture, India ranks second only to Japan in inland sector fish production. [More]
Infosys looking at 15 US$ 100 million deals overseas in 10 months
Infosys, India's second-largest software and services firm, expects to close 15 overseas deals, each worth over US$ 100 million, in the next 10 months. [More]
Bharti net surges 73 per cent on growing user base
India's largest wireless operator Bharti Airtel saw a 73 per cent rise in second quarter net profit at US$ 410.98 million. [More]
Indian auto giants tie up for hydrogen vehicles
Bajaj Auto, Ashok Leyland, Tata Motors, Mahindra & Mahindra and Eicher Motors have come together to develop hydrogen-blended compressed natural gas (HCNG)-run vehicles. [More]
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Adani to invest US$ 254.5 million in fruits and vegetables
Adani Agrifresh will invest US$ 254.5 million in a cold chain, pack houses and distribution. And, while the group plans on the Adani Knowledge Centre, and Infrastructure Management Institute, Adani Power will set up a 2,640MW power plant. [More]
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I believe that India's growth is on the runway, ready to take off.
Andrew Holland
Managing Director
DSP Merrill Lynch |
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India's market for Business Intelligence (BI) platforms grew by 35.6 per cent in 2005-06, making it Asia's fastest growing BI geography, says Gartner. [More]
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ITC's 'energetic' efforts
ITC Green Centre, the world's largest green building, has reduced its energy usage by 51 per cent. [More]
Sun Micro forms 'green' alliance
Sun Microsystems, APC-MGE, Advanced Micro Devices, Hitachi Data Systems and Wipro have announced an eco-consortium. [More]
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