| POLICY
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FDI
gates to open wider, Press Note 1 to be
pruned
The Government plans to further
liberalise India's FDI regime by exempting
several sectors - advertising, hotel, agro
processing, franchising, etc. - from the
mandatory requirements under Press Note 1. [More]
'Time
ripe for increasing FDI in textile
sector'
Sensing the mood in the industry
and the factors that support greater FDI, the
Centre has initiated effort with some foreign
companies to start their ventures in India,
especially in the textile machinery industry. [More]
Licensing
on alcoholic beverages likely to go
The
Government is planning to scrap the mandatory
licensing requirement for potable alcohol
(alcoholic beverages), providing a shot in the
arm for investment in breweries. [More]
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| PEOPLE |
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Rushdie awarded
knighthood
India-born internationally
acclaimed author Salman Rushdie was awarded
knighthood by Britain's Queen Elizabeth II. [More]
Indian-American
first female recipient of Robotics Tech
Award
An Indian-American, Bala
Krishnamurthy, founder and chief executive
officer of Aeolean Inc, has become the first
female recipient of the Engelberger Robotics
Award for Technology Development. [More]
Authors
behind report on Chhattisgarh bag UN
award
The team of authors who
investigated the quality of life in Chhattisgarh
has been awarded the prestigious Human
Development Award of the United Nations. [More]
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| ECONOMY AND
ENTERPRISE |
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India
to drive E&M biz to US$ 2
trillion
India has emerged as the world's
fastest-growing market for spends in
entertainment and media for the next five years.
[More]
Indian
SMEs log highest growth in APAC region: HSBC
survey
The domestic small and medium
enterprises (SME) industry is viewed to be to be
the fastest growing in the Asia Pacific region.
[More]
Mumbai
in world's top financial flow hubs
Mumbai
has grabbed a place in the world's top ten
financial flow hubs list, beating Hong Kong and
Beijing in China. [More]
At
US$ 7 billion, India's eighth-largest IPO
market
Indian companies raised US$ 7.23
billion from the domestic capital markets in
2006, making the country the eighth-largest
issuer of equity capital in the world. [More]
4
Indian majors in IT 100
Indian majors
like Bharti Airtel, TCS, Infosys and Satyam
Technologies have found place in the Information
Technology 100, BusinessWeek's ranking of the
top tech performers in the world. [More]
'India
looked upon as most comfortable BRICS
economy'
India is the most comfortable
BRICS (Brazil, Russia, India, China and South
Africa) economy in which to do business, an
international study by British Telecom has
found. [More]
IOC
rural malls script success story
Even as
Indian Oil Corporation (IOC) readies for a mega
retail foray, India's largest fuel retailer has
tasted success through its recent rural 'malls',
the Kisan Sewa Kendras. [More]
Life
insurance industry grows 49 per cent in
April
The life insurance industry clocked
49 per cent growth in new businesses, while
general insurance players saw 16 per cent
increase in April 2007. [More]
Big
boom coming soon in small car
segment
Even as competition has built up
to unprecedented levels in India's car market,
the entry-level small car segment is raring to
go. [More]
Textile
industry to witness 16 per cent
growth
India's textile industry, which
has accelerated to an annual growth of 9-10 per
cent, is expected to grow at a rate of 16 per
cent and reach a level of US$ 115 billion by
2012. [More]
Mobile
gaming set for big growth in India
While
India and China are expected to bolster growth
in the mobile gaming sector, related revenues in
the Asia-Pacific region and Japan will surpass
US$ 1.8 billion in 2007. [More]
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Amul
becomes a billion-dollar entity
The
humble dairy co-operative movement of the 1940s,
Amul is now a billion-dollar brand. Aiming to
increase its revenues to US$ 2.5 billion in just
three years, India's largest food business plans
about 10,000 Amul parlours in the next
three years itself. Producing seven million
litres of milk per day, and marketing over 30 different
brands of dairy products, the 'Taste of India'
remains unsatiated.
[More]
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India is clearly the rising star of the
direct marketing world.
Rory
Sutherland
Jury President, Lions Direct,
Cannes Lions;
and Vice Chairman, Ogilvy
Group UK |
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As
per the survey, 'Barclays Wealth Insights: A
Question of Gender', wealth generated by female
entrepreneurship in Asia is highest compared to
other global regions. [More]
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Intel's
social responsibility
Intel has trained
over 19,000 school teachers and 1000-plus Sarva
Shiksha Abhyaan schools covering all 30
districts of Tamil Nadu. Intel is also working
on a plan to transform schools under the Chennai
Corporation into model schools that effectively
integrate technology in teaching and learning.
[More]
Centre
plans to set up 65 polytechnic
colleges
The Government plans to set up
65 polytechnic colleges in 65 socially and
educationally-backward districts of India, in
the 11th Plan period with an investment of US$
196.5 million. [More]
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