| POLICY WATCH |
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RBI hikes foreign investment caps to US$ 200,000
The Reserve Bank of India (RBI) has hiked the annual individual ceiling - from US$ 100,000 to US$ 200,000 - for local citizens to remit money overseas to invest in stocks of global blue-chip firms, invest in property or spend more while travelling abroad. [More]
Norms for semiconductor policy issued
The new policy provides definitions of a fab, an eco-system unit, the latest technology, Net Present Value (NPV), financial closure, capital expenditure and the threshold limit. [More]
RFID Revolution: Your cars will be tagged
The Ministry of Heavy Industries may make it mandatory to fit RFID (Radio Frequency Identification) enabled devices in all the cars manufactured in India, to aid traffic management. [More]
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| PEOPLE |
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Mukesh Ambani becomes world's richest Indian
Mukesh Ambani is the first Indian and the world's fourth person - after software czar Bill Gates, Carlos Slim Helu and Warren Buffett - to have wealth higher than US$ 50 billion. [More]
Indian American woman bags Emmy for editing
Indian American Geeta Gandbhir received the Emmy for Outstanding Picture Editing in Non-fiction Programming at the 59th Annual Primetime Emmy Awards. [More]
Indian-origin in Vanity Fair's influential list
India-born venture capitalist Vinod Khosla has been named alongside titans like Rupert Murdoch, Bill Gates, Warren Buffett, Bill Clinton and Steven Spielberg, in Vanity Fair's list of most influential names. [More]
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| ECONOMY AND ENTERPRISE |
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Food & beverage sector to touch US$ 117.25 billion by year-end
Driven by robust growth in areas like semi-processed, ready-to-eat food and wine, India's food and beverages sector - with a 9 per cent growth rate - is expected to touch US$ 117.25 billion by the year-end. [More]
Foundries set for a scorcher
India's foundry industry - the world's fifth largest producer of castings - is on a bullish growth curve, with the potential to produce 10 million tonnes by 2012. [More]
Rural retail to cross US$ 45.22 billion by 2010: Study
The US$ 35.17 billion rural retail market is expected to cross US$ 45.22 billion by 2010 and US$ 60.29 billion by 2015, as per a Confederation of Indian Industry - Yes Bank study. [More]
Indian luxury market may boom to US$ 30 billion by 2015
The size of the luxury market in India is estimated at around US$ 3.5 billion and - given the right impetus - it could easily leapfrog to US$ 30 billion by 2015. [More]
General Insurance sector logs 15 per cent growth in August
The general insurance industry grew by 15 per cent in August, led by Anil Ambani group firm Reliance General Insurance, which recorded the highest growth of 161 per cent in gross premium as compared to a year ago. [More]
Nine Indian banks among top 50 in Asia
As many as nine Indian banks, led by HDFC Bank and ICICI Bank, have made it to the list of top 50 Asian Banks, as per this year's Asian Banker 300 report. [More]
MobileStore eyes 500 semi-urban sites
The Essar Group, which runs its mobile retail outlets by the brand name MobileStore, will reach out to 500 odd semi-urban locations in the country over the next three years. [More]
Moser Baer to set up US$ 502.91 million Chennai unit
New Delhi-based leading optical storage media manufacturer Moser Baer (India) has chosen Chennai to set up a US$ 502.91 million solar photovoltaic fabrication facility. [More]
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Sky is the limit for Indian IT, literally
The share of top six India-centric IT service providers in the global IT services market increased to 1.9 per cent in 2006. Significantly, India's server and PC markets grew 30 per cent and 22.1 per cent, respectively, during the second quarter of 2007. And, providing an impetus to India-based IT companies, global aviation majors are also setting up captive R&D centres here. [More]
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India is the fastest growing and highest revenue-generating market of the 13 economies in the Asia-Pacific region.
Randall Stephenson
CEO
AT&T |
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For India's youth - the world's happiest lot - work comes as top priority, followed by a good career and higher-status. [More]
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Building a local network
India's first 3G network, currently being tested in some Tamil Nadu villages, could well lay the seeds of a rural ICT revolution. [More]
India to replace 10 per cent transport fuels with biofuels in 10 years
India will replace 10 per cent of its transport fuels with environment-friendly biofuels in the next 10 years. [More]
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