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Single-brand
retail may get 100 per cent FDI
Foreign
direct investment of a maximum 100 per cent in
single-brand retail could get a look-in as part
of a dual-option strategy being fine-tuned by
the Government. [More]
India
Inc cleared to raise funds through
JDRs
Allowing Indian firms to raise money
in the Japanese market, the Finance Ministry has
no objections against allowing Indian companies
to raise funds through Japanese Depository
Receipts (JDR). [More]
Centre
may open farm gate to FDI
The Government
plans to open up the agriculture sector to
foreign direct investment (FDI), thereby
allowing overseas companies to directly
undertake and invest in farming. [More]
Government
may scrap STT on unused options
The
Government may not levy securities transaction
tax (STT) on options which are not exercised,
with a view to increase volumes and liquidity in
the options market. [More]
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| PEOPLE |
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Mukesh Ambani gets 'Global Vision'
award
The US-India Business Council has
conferred its 'Global Vision' award on Reliance
Industries chairman, Mukesh Ambani. [More]
Indian-Australian
scientist bags 'Top Invention
Prize'
Kuldip Sidhu, an Associate
Professor at University of New South Wales, was
awarded the prestigious 'Top Invention Prize'
for 2006 for his work on stem cell research. [More]
NRI
scientist wins top award in glass
science
Himanshu Jain, director of the
International Materials Institute for New
Functionalities in Glass at Lehigh University,
Pennsylvania, received the Otto Schott Research
Award at the International Congress on Glass in
Strasbourg, France. [More]
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| ECONOMY AND
ENTERPRISE |
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IT,
ITeS revenues touch US$ 39.6 billion
mark
The Indian IT-ITeS industry has
recorded US$ 39.6 billion in revenues in
2006-07, up 30.7 per cent - against a projected
growth of 27 per cent. [More]
India's
millionaires over 1,00,000
India - with
its number of millionaires having crossed
1,00,000 - has emerged as the world's second
fastest growing nation after Singapore. [More]
India
beats China in 2007 PE inflows
India
bested China in private equity investments for
the first six months of 2007, and currently
ranks second on the Asian (including Japan) PE
investments chart. [More]
India
does it again, beats China
Corporate
India's acquisition spree has propelled the
country ahead of China in terms of raising
syndicated loans, having mopped up over US$ 8
billion so far this year for expansion projects.
[More]
Delhi
plans 10 country-specific PPP centres as FDI
magnets
The Government plans to float a
joint-venture company with the private sector to
set up country-specific investment promotion
centres in India and abroad. [More]
TCS
to enhance relationship with
Ferrari
Software major Tata Consultancy
Services (TCS) will provide the entire software
requirement to Scuderia Ferrari for its Formula
One cars. [More]
Mahindra
introduces
S - Nothing Else Will
Do
Mahindra & Mahindra, the makers of
India's most successful SUV Scorpio, launched a
range of premium lifestyle accessories branded
'S - Nothing Else Will Do'. [More]
Biyani's
next call is 'Small Bazaar'
Kishore
Biyani is bringing his new store, the 'Small
Bazaar' - in a convenience store format, to
address the daily shopping needs of customers -
next to your home. [More]
Railways
make a killing on the Net with ticket
sales
The Indian Railways sold over US$
173.28 million worth of
e-tickets in
2006-07. [More]
Major
road projects coming up for bidding
In
the highest-ever annual target for highways
development, the Road Transport and Highways
Ministry will award contracts for 6,273 km, on a
build-operate-transfer basis. [More]
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India is an interesting combination - world
class talent that can speak English and a strong
technological expertise.
Tony
Wright
Chairman
Lowe
Worldwide |
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Taj
Mahal, the 17th century monument of love, has
been selected among the new Seven Wonders of the
World. [More]
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World
Bank okays
US$ 600 million loan
The
World Bank has approved US$ 600 million to
improve India's rural cooperative credit
structure and financial services for farmers. [More]
World's
study material just a few clicks away
The
National Knowledge Network will connect all the
universities, libraries, laboratories, hospitals
and agricultural institutions. [More]
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