| POLICY
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49
per cent FDI for credit information
services
The Government has decided to
peg foreign direct investment limit in credit
information services companies at 49 per cent.
[More]
Government
to raise FDI cap on banks
The Centre
plans to raise the ceiling on foreign equity
holding in public sector banks to enable them to
mop up the required capital to meet higher
capital requirements and fund growth. [More]
Semiconductor
policy norms may be issued soon
Clearing
the decks for semiconductor manufacturers to
apply under the semiconductor policy announced
earlier this year, the Government will provide
capital subsidy for the investors setting up
chip manufacturing units in India. [More]
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| PEOPLE |
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Dadasaheb Phalke award for Shyam
Benegal
Noted film-maker Shyam Benegal
was honoured with the coveted Dadasaheb Phalke
Award by the government in appreciation of his
'outstanding contribution' to Indian cinema. [More]
Khel
Ratna for Manavjit Singh Sandhu
Shooter
Manavjit Singh Sandhu has been awarded India's
top sporting honour, the Rajiv Gandhi Khel
Ratna, for 2006. [More]
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| ECONOMY AND
ENTERPRISE |
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India
ranks 5th in global steel output
Moving
up two places in the global ranking, India is
now the world's fifth largest producer of crude
steel, with the revised figures for production
in 2006 ahead of South Korea and Germany. [More]
Gujarat
is top investment destination
Gujarat has
become the top investment destination for
investors in new projects, with the state more
than doubling its share of total investments in
2006-07. [More]
Punjab
on threshold of major retail boom
Punjab
is on the threshold of a major retail boom as
leading corporate houses - Reliance, Spencer's,
Birla, Subhiksha, Piramal, Tata, Raheja, ITC,
Godrej, S Kumar's, RPG Enterprises, The Future
Group and McDonald's - plan to liven up its
retail sector. [More]
Spices
export may touch US$ 1 billion by
2009
India - the world's largest spice
producer, accounting for 44 per cent of global
output and 36 per cent of global trade - expects
export to touch US$ 1 billion by 2008-09. [More]
India
Inc kids leave parents far behind
India
Inc's babies are outperforming their parents -
net sales and profit after tax on a consolidated
basis have grown faster than the standalone
results of their parent companies. [More]
India
Inc's equity portfolio swells by 189 per cent in
2006-07
India Inc has been a better fund
manager than most other specialised ones, with
the aggregate market value of quoted investment
rising by 39.6 per cent in 2006-07. [More]
Paint
majors ride the real estate boom
Riding
on the back of a real estate boom, paint
companies are extremely bullish on India, which
is among the fastest growing markets across the
globe. [More]
Infosys,
TCS most reputed corporate houses in
India
Infosys and Tata Consultancy
Services (TCS) are India's most reputed
corporates, as per global consultancy firm TNS'
latest Corporate Reputation Index. [More]
Wipro
strings largest IT deal for US$ 600
million
There's no stopping Wipro's
acquisition juggernaut. The Indian IT giant
unveiled its biggest buyout to date, and the
largest for the Indian IT industry. [More]
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India
is Asia's top spot for billionaires:
Forbes
India's emerging economic
clout has made it Asia's top spot for
billionaires with its 40 richest businesspeople
worth a collective US$ 170 billion, according to
the leading US business magazine Forbes.
[More]
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Now things have changed - many Indians
educated and working in America are returning to
India because India has changed. India is the
new land of opportunities.
Bala V
Balachandran
Padma Shri
awardee
Distinguished professor, Kellogg
School of Management,
Chicago
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British
television cook Anjum Anand has become a huge
success after the sales of her book, Indian
Food Made Easy beat even the latest Harry
Potter to top the bestsellers' list. [More]
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ITC
aids farmers in new techniques
ITC has
extended its frontline demonstration of modern
cultivation techniques to cover over 1,00,000
farmers this year, in an ambitious
private-public initiative. [More]
60
million people in Andhra Pradesh to have health
cover
After its 'Arogya Sri' health
insurance scheme, the Andhra Pradesh State
Government will issue health cards to 18 million
families below poverty line. [More]
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