Thursday, June 26, 2008

Microcredit scheme for slum dwellers launched

by Jo Black

Indian Finance Minister, Mr. P. Chidambaram, along with Delhi Chief Minister, Ms Sheila Dixit, has launched a Pilot Microcredit Scheme in New Delhi to provide loans at reasonable rates of interest to the slum dwellers of Delhi.
The scheme enables slum dwellers to get loans for retail trade, auto rickshaws and other vehicles, home improvement, [...]

India pavilion witnesses global attention at BIO 2008

by Jo Black

A CII organized pavilion in America has received an overwhelming response.
The Indian pavilion at BIO 2008 in San Diego, USA, which was inaugurated by Mr. N S Samant, Indian Joint Secretary, Department of Biotechnology, was attended by more than 20,000 visitors from over 50 countries.
BIO is the largest biotech event in the world and India [...]

NCR industrial units spend $350m on diesel

by Jo Black

The Associated Chambers of Commerce and Industry of India (ASSOCHAM), says that about Rs 14 billon ($350 million) per annum is spent on diesel for running generator sets by about 40,000 industrial units located in and around national capital region (NCR), to meet their production targets.
Rough estimates shows that some 350 million litre of [...]

Wednesday, June 25, 2008

India’s KPO’s biz to touch US$ 10 billion by 2012

by Jo Black

India’s highest body of the Chambers of Commerce, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), has projected the Knowledge Process Outsourcing (KPO) industry’s size growing to US$ 10 billion mark by 2012, with a growth rate between 25-27%, provided a strong chain of qualified professionals is built, opening up the field for [...]

India’s engagement with ADB growing

by Jo Black

India has grown its engagement with Asian Development Bank (ADB) over the last few years, particularly in the last two years, as the country’s portfolio has grown substantially to include a loan amount of $7.3 billion.
Disbursement ratios have also improved exponentially to about 25% in the year 2007 and the country wide coverage [...]

India’s CII signs MoU with France’s GICAT

by Jo Black

Confederation of Indian Industry (CII), a non-government, not-for-profit, industry led and industry managed organisation, which plays a proactive role in India’s development process, has signed a Memorandum of Understanding (MoU) with the GICAT (Grupement des industries franchises de defense terrestre), French Defence Industry Association for Land Systems.
The MoU, which was signed on Wednesday (June [...]

April/May Railway freight revenue up

by Jo Black

Indian Railways generated Rs.89.9629 billion ($2.24 billion) of revenue earnings from freight traffic during April-May 2008 as compared to Rs. 73.5679 billion ($1.83 billion) during the corresponding period last year, registering an increase of 10.87 per cent.
Railways carried 137.73 million tonnes of freight traffic during April-May 2008 as compared to 124.98 million tonnes carried [...]

IPO outlook to remain bleak for 2008

by Jo Black

A recent study conducted by ASSOCHAM Eco Pulse (AEP) reveals that weak investor sentiment in stock markets, easier ECB norms, high inflation rate and economic slowdown have depressed the overall outlook for the IPO market in the year 2008.
The ASSOCHAM Study “IPO Outlook 2008”, said that companies have been shying away from the primary [...]

Canada and India in 10 joint R&D initiatives

by Jo Black

Indian minister, Kapil Sibal and David Emerson, Minister of Foreign Affairs & International Trade and Minister for the Pacific Gateway has announced 10 joint research and development (R&D) initiatives involving Canadian and India companies and researchers valued at more than $17 million.
Eight of the initiatives are joint research projects while the other two initiatives [...]

Tuesday, June 24, 2008

CII President to lead Mission to UK

by Jo Black

Mr. Kamath, President, Confederation of Indian Industry (CII) and Managing Director and CEO, ICICI Bank Ltd, is leading a 13 member delegation as part of the CII CEO’s Mission to the United Kingdom on 19-20 June 2008, with the aim of augmenting trade ties between India and the United Kingdom and exploring opportunities for catalysing [...]

India’s commodity market to grow 30% by 2010

by Jo Black

The Indian commodity market which expanded by 50 times in a span of 5 years from Rs.665.30 billion ($16.6 billion) in 2002 to Rs.33753.36 billion ($843.8 billion) in 2007, is now expected to grow at a steady speed of about 30% by 2010 and touch a volume of Rs.74156.13 billion ($1853.9 billion) since people’s participation [...]

India’s inflation rises to 8.75%

by Jo Black

India’s inflation touched 8.75 per cent for the week ending May 31, leading to fears that it is inching towards double digits for the first time in 13 years.
Inflation was measured at 5.09 per cent during the corresponding week last year.
Costlier food and vegetables mainly accounted for 0.51 per cent increase in inflation from [...]

IIP fall is temporary, says ASSOCHAM

by Jo Black

The Associated Chambers of Commerce and Industry of India (ASSOCHAM), the highest body of the Chambers of Commerce of India, predicts that the fall in Indian Industrial Production is temporary.
The ASSOCHAM President, Mr. Sajjan Jindal has said that higher input and borrowing costs coupled with global slowdown caused slippages in Industrial Production, which fell to [...]

CII delegation to visit Kazakhstan

by Jo Black

The Confederation of Indian Industry (CII), a non-government, not-for-profit, industry managed organization, which plays a proactive role in India’s development process, is sending a 15 member delegation to Astana – Kazakhstan.
This is the second CII Delegation to visit Kazakhstan.
The high level delegation headed by Mr. Syamal Gupta, member CII National Council and Chairman TATA [...]

India and Syria reach tax agreement

by Jo Black

The Indian federal government has approved the agreement signed between India and the Syrian Arab Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion in relation to taxes on income.
The Double Taxation Avoidance agreement will stimulate the flow of investment, technology and services from India to Syria and vice versa. [...]

RBI hikes repo rate by 25 bps to 8%

by Jo Black

India’s central bank, the Reserve Bank of India (RBI) on 11 June raised the repo rate by 25 basis points to 8 per cent from the existing 7.75 per cent, but kept the reverse repo rate unchanged at 6%. The bank rate too remains steady at 6%.
This is the first increase in the repo rate [...]

Monday, June 23, 2008

Indian government looks into fiscal health of oil companies

by Jo Black

Indian federal government has constituted a high powered committee to examine the financial position of oil companies.
The committee have three members which includes, Mr. B.K. Chaturvedi, Member, Planning Commission, Dr. Saumitra Chaudhuri, Member, EAC, and Dr. Arvind Virmani, Chief Economic Advisor
The committee has been formed to examine the impact of the increase in oil [...]

Indian telecom sector on rise

by Jo Black

A recent study conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), which is highest body of the Chambers of Commerce of India, has revealed that the Indian states of Bihar and Madhya Pradesh have registered growth in telecom subscription.
According to ASSOCHAM Eco Pulse (AEP), the state of Bihar registered the maximum [...]

BSE sensex closes below 15k

by Jo Black

The Bombay Stock Exchange (BSE) benchmark Sensex closed below the 15k mark on Tuesday 10 June after losing over 700 points in the previous two sessions.
The sensex lost 176 points to close at 14,889 and the Nifty index lost 51 points to close at 4,449.
After hitting the 2008 lows and breaching the previous [...]

India and South Africa to enhance bilateral trade

by Jo Black

Despite the substantial increase in bilateral trade, India and South Africa believe the current volumes are much below the potential.
During an interactive session organized by the Confederation of Indian Industry (CII), in New Delhi, both sides agreed to cooperate each other.
While India has sought African cooperation to increase agriculture production and tap alternative [...]

« Previous Page — Next Page »