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India
resolves key mines policy objections
The
new policy seeks to shorten the time it will
take for new mining leases to be granted by
state and federal governments to about 6 months
to a year. [More]
Sebi
may ease norms for fund-raising
Even
before the sensex surged beyond the 18,000 mark,
Sebi chairman M Damodaran had made public the
market regulator's intent to ease rules for fund
raising through qualified institutional
placements (QIPs). [More]
Government
ferments new wine policy
The government
plans to include a uniform tax and duty regime
for wines across all states, allowing its sale
in departmental stores and setting up wine parks
with common infrastructural facilities. [More]
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| PEOPLE |
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Ambani brothers world's
richest
The Ambani brothers are arguably
the richest in the world if one clubs the
fortunes of Mukesh and Anil, which at US$ 91.41
billion is far ahead of even the Walton family
of Wal-Mart. [More]
Indian
American entrepreneur gets NRI
award
Indian American entrepreneur Raj
Khera has been honoured with this year's Pride
of India Gold Award by the NRI Institute of
India. [More]
Lifetime
Achievement Award: N R Narayana
Murthy
Infosys chairman and chief mentor
NR Narayana Murthy is this year's winner of
Economic Times' Award for Lifetime Achievement.
[More]
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| ECONOMY AND
ENTERPRISE |
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India
poised to become a media powerhouse
India
is rapidly emerging as one of the world's media
powerhouses. With 54 per cent of its 1.1 billion
people aged under 25, it is potentially one of
the world's largest markets for TV. [More]
India
beat China in overseas mergers
Indian
companies have surpassed their Chinese
counterparts in making cross border merger and
acquisitions with a 126 per cent annual growth.
[More]
Index
of Industrial production up to 10.7 per
cent
Buoyancy in manufacturing and power
sectors and robust performance of the mining
industry, pushed up the industrial production to
10.7 per cent in August this year. [More]
e-commerce
is US$ 2.33 billion mart in India
India's
e-commerce market is expected to touch US$ 2.33
billion by FY2007-08, as per a survey by the
Internet and Mobile Association of India and
Indian Market Research Bureau. [More]
Indian
realtors bite into global pie
Indian
realtors like DLF, Ansals API, Parsvnath
Developers, Hircon International, and the
Puravankara Group among others, are eyeing
foreign soil for expansion. [More]
Reliance
Power set to become second largest power
generator
Global investment banking major
UBS has said that Reliance Power is well
positioned to become India's second largest
power generator, valuing the firm between US$
17.7 billion and US$ 22.7 billion. [More]
DLF
to invest US$ 4.07 billion to build 20 big
malls
Buoyed by the success of organised
retail in India, real estate industry leader DLF
plans to invest US$ 4.07 billion over four years
to develop about 20 large shopping malls. [More]
Maruti
in JV with Suzuki, Fiat group
Maruti
Suzuki India Limited, Japan's Suzuki Motor
Corporation and Fiat Group company Magneti
Marelli have entered into a tripartite joint
venture agreement for making electronic control
units (ECU) of diesel engines. [More]
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Bedtime
story
It's already India's largest
manufacturer of soft toys. Now Hanung Toys plans a fairy
tale-like foray into home furnishings as
well.
[More]
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Here in India and Asia the evolution has
reached revolution. In a good
sense.
John Dooner
Chairman
& CEO
McCann
Worldgroup |
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Industrial
Design Centre of the Indian Institute of
Technology, Mumbai, and National Institute of
Design, Ahmedabad, figure in
Businessweek's second annual survey of
the world's best design schools. [More]
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Shell
fights smoke with clean earthen
oven
Shell Foundation has joined hands
with Envirofit International, a leading
environmental NGO in the US, to fight indoor air
pollution globally. Initially, the focus of the
partnership will be on India. [More]
Sun
struck: Jharkhand villages get water, light
through solar power
The Jharkhand
Renewable Energy Development Agency works with
the Ministry for New and Renewable Energy to
generate electricity from a solar plant and
provide it to remote villages. [More]
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