India Brand Equity Foundation

CXXXVIII

 April 2, 2007
 

Indian mutual funds have won 22 awards for best performance across various categories in the Gulf region. Meanwhile, 34 Indian companies have been listed in the elite Forbes list of 2000 global corporate giants, with the majority (14) from the banking sector.

India's stock markets witnessed similar success as the Bombay Stock Exchange crossed the US$ 200 billion milestone and the National Stock Exchange--for the first time in its history--is poised to record an annual turnover of above US$ 400 billion.

Equally, India's telecommunications, hospitality and entertainment and media (E&M) sectors continue to reflect buoyancy. Indian cellular operators have planned to line up US$ 20 billion in investments to provide mobile coverage for over 80 per cent of the population.

Jayant Bhuyan
CEO, India Brand Equity Foundation &
Deputy Director General, Confederation of Indian Industry
 
 
  POLICY WATCH
5-year tax holiday to new cement units
The Government is planning to offer them a five-year tax holiday to set up more capacity to end the current demand-supply mismatch and consequently soften prices. [More]


  PEOPLE
Murthy is now chairman of Asia Business Council
In yet another recognition to India Inc's growing prowess, Infosys Technologies Ltd Founder N R Narayana Murthy takes over as Chairman of the prestigious Asia Business Council (ABC). [More]


  Events


SAARC Car Rally 2007
Across 7 countries; Flag off ceremony at the SAARC summit in Delhi 3 April 2007; Concluding ceremony on 14 April 2007 at Male
15 March, 2007 - 14 April, 2007

For more information on
these events Click Here. 


IBEF Newsletter

  ECONOMY AND ENTERPRISE
Indian MFs bag 22 best fund awards
Indian mutual funds have bagged as many as 22 awards for best performance across various categories in the Gulf region. [More]

34 Indian companies in Forbes 2000
ONGC leads a pack of 34 Indian companies, a chunk of them from the banking sector, on the elite Forbes list of 2000 global corporate giants. [More]

Mobile operators plan to invest US$ 20 billion in 2 years
Indian cellular operators have lined up investments of about US$ 20 billion over the next two years to bring over 80 per cent of the population under mobile coverage. [More]

Media & entertainment industry to touch US$ 23.1 billion
The growth story of India's entertainment and media (E&M) industry is unfolding spectacularly as it is set to touch the US$ 23.1 billion-mark in just four years time. [More]

BSE fiscal turnover crosses US$ 200 billion
Bombay Stock Exchange crossed the US$ 200 billion milestone; the National Stock Exchange is set to record an annual turnover of above US$ 400 billion for the first time in its history. [More]

Maharashtra economy to grow at 9.3 per cent in 2006-07: Annual survey
Maharashtra economy during 2006-07 is poised to grow at 9.3 per cent against Indian economy's growth of 9.2 per cent. [More]

First gold ETF debuts on NSE
Benchmark Asset Management Company, a Mumbai-based mutual fund house, listed Gold BeES, the country's first gold exchange-traded fund (GETF), on the National Stock Exchange. [More]

Hotel chains to pump in US$ 1 billion in 2 years
Hospitality majors are likely to pump in close to US$ 1 billion in new projects and expansion over the next two years on the back of a massive growth in business and leisure travel. [More]
    SPECIAL

UK companies in India: Aviva
Aviva is UK's largest and the world's sixth largest life insurance company with 30 million customers and assets under management of US$ 291 billion.

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QUOTE OF THE WEEK

 

 

'Indian market is unique in the sense you have so many different segments and levels of usage.'

John Gierre
Chief marketing officer
Alcatel-Lucent

 

  

 
    FACT OF THE WEEK
India has maintained its supreme position in the labour cost advantage index prepared by the global management consulting firm AT Kearney for 2006. [More]
 
    SUSTAINABLE DEVELOPMENT
US$ 2.5 billion for rural roads under Bharat Nirman
A massive outlay of US$ 2.5 billion has been earmarked this financial year for the laying of rural roads, a key component under the Bharat Nirman programme. [More]




 
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