| POLICY
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New
norms for global India Inc
The Government
is likely to cap the level of funds that can be
raised by a company through exchangeable bonds
(EBs) at US$ 500 million. [More]
FDI
ceiling in aviation services may rise
The
Government plans a higher foreign direct
investment (FDI) ceiling than the 49 per cent
allowed now - for maintenance, training
facilities, cargo handling, passenger handling
and chartered services. [More]
Multi-brand
retailing likely to get FDI
The
Government is exploring possibilities of
allowing foreign investment in multi-brand
retailing in just a couple of sectors like
electronics and sports goods. [More]
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| PEOPLE |
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Indian journalist wins UN media
award
Rupa Jha of BBC World Service
Trust, India, won the runner-up award with a
cash prize of US$ 2,000 in radio category. [More]
Indian
woman voted Outstanding American in the
US
One of the first Indian Americans to
become a provost at a comprehensive research
university in the United States, Renu Khator has
been recognised as an Outstanding American by
Choice. [More]
Sulabh
founder Dr Pathak gets Indira Environment
Award
Founder of Sulabh movement and well
known social worker Dr Bindeshwar Pathak was
conferred the Indira Gandhi Paryavaran Puraskar,
the highest award in the field of environment.
[More]
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| ECONOMY AND
ENTERPRISE |
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Economy
grows a scorching 9.4 per cent
The Indian
economy grew 9.4 per cent in 2006-07, the
fastest in 18 years, on the back of an
impressive performance by services and the
manufacturing sectors. [More]
Incredible
India makes it to global Top 10
brands
India figured 7 times across 20
parameters and 45 countries considered in the
index, in the leading global brand consultant
FutureBrands' Country Brand Index 2006. [More]
India
tops global consumer index:
Survey
According to a survey by The
Nielsen Company, Indian consumers are the most
upbeat in the world while consumer confidence in
Hong Kong is at an all-time high. [More]
Indian
economy to surpass Japan
Japan's central
bank chief predicted that India's economy will
overtake the Japanese economy by 2025 to rank
third in the world after the US and China in
terms of purchasing power parity. [More]
Biotech
industry touches US$ 2 billion revenue in
FY'07
India's biotechnology industry,
ranked number 3 (after Japan and Korea) in the
Asia Pacific region by Ernst & Young,
touched US$ 2 billion mark in revenue for
2006-07. [More]
Global
newspaper sales rose 2.3 per cent in 2006, India
grew 13 per cent
India, the world's
second-largest market for newspapers, recorded
one of the fastest growth rates of 12.93 per
cent in sales in 2006. [More]
Indian
business women beat the world
According
to a survey titled 'Barclays Wealth Insights: A
Question of Gender', the wealth generated by
female entrepreneurship is the highest in Asia,
compared to any other global regions. [More]
Two
Indian BPO firms in 'hot growth' list
Two
US-listed Indian outsourcing firms -- Cognizant
Technology and EXLService -- have made it to a
list of the world's 100 'hot growth' companies
with significant growth potential. [More]
MTDC
revenues rise 100 per cent in FY07
The
Maharashtra Tourism Development Corporation
(MTDC) recorded a 100 per cent rise in revenues
to US$ 1.61 million in 2006-07, from US$
9,39,341 in the previous year. [More]
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India:
Emerging Opportunities for Private Sector in
Infrastructure
Address by Mr J P Batra,
Chairman, Railway Board, Government of India, at
the 40th Annual Meeting of Board of Governors,
Asian Development Bank, Kyoto, in Japan. [More]
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I can foresee a day when Finland could begin
importing mobile phones from
India.
Matti Pietarinen
Deputy
Director General
Finnish Ministry of Trade
and Industry |
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The
country's hottest emerging retail catchment,
grossing US$ 1.09 million daily, Bangalore's
Commissariat Road is India's answer to New
York's Fifth Avenue and Paris' Champs-Elysees.
[More]
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India
to propose global fund for clean energy
technology
India, a responsible nation
towards climate change, proposes a dedicated
global fund at the G8 Outreach Summit to finance
the development of clean energy technologies
based on the resources available with the
developing world. [More]
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