BMW from Chennai by March
BMW India announced plans to roll out its first car (BMW 320ia) from the Chennai manufacturing hub by the end of March and also disclosed plans to manufacture the 5 series from India.
Maxis Budgets Rs. 2000 Crore
Malaysian company Maxis Communications owning 74 per cent stake in mobile telecommunications operator Aircel Cellular plans to invest Rs. 2000 crore (USD 454 million) and reach eight million subscribed in 2007-08.
Indians Buying Malaysia Property
About 700 rich Indians, businessmen, and film stars seem to buying property for residential properties in Kuala Lumpur after Malaysian Government modification of rules regarding foreign ownership of property in December 2006.
India No. 2 Investor in Bavaria
According to foreign trade and location marketing of German state of Bavaria Thies Claussen, India may soon assume the second largest foreign investor in the state known for technology and industry.
Jindal's Bolivian Steel Plants for USD 2.1B
Steel major Jindal Steel and Power Ltd (JSPL) announced agreements with Bolivia to invest USD 2.1 billion to set up a six million tonne sponge iron plant, 10 million pellet plant, and 1.7 million ton steel plant.
India Set to Become No 2 in Telecom
According to Telecommunications Minister Dayanidhi Maran, India will overtake the U.S. and assume the second position in subscriber terms in 20 months.
Essar Looking at Minor Stake in Libyan Oil
The Essar Group is looking to pick up a minor stake of 20 per cent in Phoenix Libya, oil and gas field, with rights to increase stakes to 50 per cent.
US State of Georgia Trade Office in Bangalore
The U.S. State of Georgia is planning to extend trade office by Fulton County and set up a full-fledged trade office in Bangalore to find new markets for Georgia-made products, attracting new investments, and promoting tourism.
Suzlon Buys REpower for €1.02B
World's fifth largest wind turbine marker Suzlon Energy outbid French Areva offer by 20 per cent to buy Germany-based REpower Systems on an all-cash deal worth €1.02 billion along with Portugal's largest builder Mota Engil.