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New
airports policies get Cabinet nod
The
Union Cabinet has cleared two significant policy
initiatives allowing private developers to set
up captive airstrips and general airports. [More]
Government
may allow FDI in food retail
The Ratan
Tata-led Investment Commission has favoured
permitting FDI in food retail, especially fresh
and processed fruit and vegetables. [More]
Infrastructure
companies to get easy access to
ECBs
While the overall cap of US$ 22
billion may remain, an additional limit may be
set for the infrastructure companies. [More]
FDI
to be freed from divestment clause
To
further ease FDI rules, the government plans to
waive the mandatory disinvestment clause on
overseas companies in key sectors like food
processing and chemicals. [More]
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| PEOPLE |
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French honour for Avesthagen
founder
Dr Villoo Morawala-Patell, has
been conferred France's national award, Officer
of the National Order of Merit. [More]
South
African award for V K Krishna Menon
South
Africa has conferred one of its highest civilian
awards, the 'Order of the Companions of O R
Tambo in Silver', posthumously on the late V K
Krishna Menon. [More]
Sarin
named UK's most powerful in technology and
telecom space
British mobile giant
Vodafone's India-born CEO Arun Sarin has been
named the most powerful businessperson in the
UK's technology and telecom industry. [More]
Indian
artist wins UK's largest art award
Indian
artist N S Harsha has bagged the UK's
prestigious Artes Mundi Prize, in recognition of
his outstanding work focusing on human
condition. [More]
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| ECONOMY AND
ENTERPRISE |
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Agri
rebound: Grain output up 4.6 per
cent
Driven by a record output of almost
all major crops, foodgrain production has surged
by 10 million tonnes (MT), to touch a new high
of 227.32 MT in 2007-08. [More]
India
has second-largest number of homegrown
companies
India has the second-largest
number of homegrown corporate champions holding
their fort against the might of multinational
giants, says a recent Boston Consulting Group
report. [More]
Semiconductor
design services to grow at 22 per
cent
India's semiconductor design
services industry is expected to clock revenues
of US$ 7.3 billion by 2008, growing at a CAGR of
21.7 per cent to US$ 10.96 billion in 2010. [More]
Indian
technical textile market to quadruple:
report
The Indian technical textile
market, growing at a rate of 11.25 per cent, is
estimated to quadruple to US$ 37 billion by
2020. [More]
Biotech
sector posts 30 per cent growth in
2007-08
India's biotechnology industry is
now a US$ 3 billion sector, having registered a
30 per cent growth in 2007-08 over the previous
year. [More]
Cement
production to grow 11.5 per cent in FY 2009:
CMIE
The Centre for Monitoring Indian
Economy (CMIE) expects cement production to grow
by 11.5 per cent and cement consumption by 12
per cent during FY 2009. [More]
Gem
& jewellery exports grow by 22 per cent in
FY 2007-08
The Indian gems and jewellery
industry recorded US$ 21 billion worth of
exports in 2007-08, which is 13.41 per cent of
India's total merchandise exports. [More]
Realty
deals bring US$ 5.73 billion during
January-March
The total value of land
deals, in the first three months of 2008, have
touched around US$ 5.73 billion, while deals
worth US$ 2.49 billion are in the pipeline. [More]
'Tatas
world's 6th most innovative, RIL
19th'
The Tatas and the Reliance Group,
are listed among the world's 25 most innovative
companies by BusinessWeek in collaboration with
the Boston Consulting Group (BCG). [More]
Tata
Steel to spend US$ 19.97 billion on three
units
Tata Steel will spend US$ 19.97
billion on three of its greenfield projects,
which will take its total steel capacity in
India to 35 million tonnes. [More]
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'Hindustanisation'
of Lever
The stupendous success of Indian
talent for Unilever globally is no small
achievement for an organisation which is
celebrating its 75th year in India, and that
has identified five key platforms to drive its
long-term sustainability strategy. [More]
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When
you are here (India) you see the energy, the
sharpness of the people and their passion for
learning. You want to be in that environment.
This is one of the best places to work in the
world today.
Katherine Hegmman
Senior Executive
IBM.
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| Asia's
first and the world's second discovery park -
with nine research centres - is slated to come
up at Amethi, in the Indian state of Uttar
Pradesh. [More] |
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India
Inc. commits to a cleaner
environment
From tree planting to setting
up emission testing booths to training sessions,
businesses are pledging their resources to make
the planet a better place to live. [More]
ArcelorMittal
plans US$ 500 million CSR
initiatives
ArcelorMittal, the world's
biggest steel company, will spend about US$ 500
million in Orissa and Jharkhand as part of its
Corporate Social Responsibility (CSR)
initiatives. [More]
Haryana
solar project draws in big guns
Reliance
Industries, Epuron and Admire Energy Solutions,
among others, have partaken of Haryana's plans
to add 10 per cent power capacity through
renewable energy by 2012. [More] |
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