Reliance and Nova Talk JV (March 19, 2007)
Reliance Industries (RIL) Group is apparently talking to USD 6.5 billion U.S. based plastics and petrochemicals major Nova Chemicals about a joint venture (JV) that would include product swaps and infrastructure sharing.<More>

The Britannia Breakup (March 19, 2007)
Collaboration between Groupe Danone and Wadia family owned Bombay Dyeing in running Britannia India and Wadia BSN is dead and the entities are breaking up these companies to settle accounts.<More>

NABARAD Bonds Worth Rs. 5000 cr (March 19, 2007)
The National Bank for Agriculture and Rural Development (NABARD) plans to raise Rs. 5000 crore (USD 1.13 billion) through capital gains bonds to provide refinance to cooperative institutions for stepping up farm and rural credit.<More>

Govt Panicking on Wheat (March 19, 2007)
In a series of moves that includes undue hikes in procurement price and import plans despite strong forecasted production, the government is sending messages that it is anticipating large shortages in wheat.<More>

Textile Exports to Double (March 19, 2007)
With the abolition of the quota system in developed nations and development subsidy of Rs, 942 crore (USD 214 million), the Federal Minister of State for Textiles E V K S Elangovan estimated that the textile exports will double in the next three years.<More>

U.S. Trade Court Dismisses Shrimp Anti-Dumping Charges (March 19, 2007)
In a significant loss for U.S. charges of anti-dumping against Indian shrimp exporters, the U.S. Court of International Trade (CIT) dismissed US Bureau of Customs Border Protection (CBP) directives for bonds matching the duty as security.<More>

Chola's Overseas Fund (March 13, 2007)
DBS Chola Mutual Fund plans to launch a scheme to invest exclusively in overseas assets to allow investors to spread their risks better and reduce country risk and this fund provides a unique opportunity to Indian investors.<More>

Toshiba-L&T in Power Generation (March 13, 2007)
Japanese conglomerate Toshiba Corp said it is talking to Larsen and Toubro (L&T) Ltd to start a joint-venture to make equipment specifically for and create new coal-fired power generation plants.<More>

Ore Export to China Hit (March 13, 2007)
Responding to concerns from environmental groups, domestic steel businesses, and manufacturing houses, the federal government had imposed an export duty of Rs. 300 per ton but Chinese importers are boycotting Indian ore demanding exporters absorb the duty.<More>

Glenmark's Expansion in Brazil (March 13, 2007)
Glenmark Pharmaceuticals is planning to double the production capacity and headcount of its manufacturing unit in Brazil in two years and use this production to reach South American markets.<More>

Wal-Mart and Bharti Plan 3 Retail Brands (March 13, 2007)
U.S. retail major Wal-Mart and Bhrati Group are planning to use three brand names and store formats for the Indian market including a cash and carry, front-end retail outlets, and franchisee-owned stores.<More>

Indians Buying Malaysia Property (March 12, 2007)
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.<More>

Maxis Budgets Rs. 2000 Crore (March 12, 2007)
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.<More>

BMW from Chennai by March (March 12, 2007)
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.<More>

Suzlon Buys REpower for €1.02B (March 12, 2007)
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.<More>

US State of Georgia Trade Office in Bangalore (March 12, 2007)
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.<More>

Essar Looking at Minor Stake in Libyan Oil (March 12, 2007)
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.<More>

India Set to Become No 2 in Telecom (March 12, 2007)
According to Telecommunications Minister Dayanidhi Maran, India will overtake the U.S. and assume the second position in subscriber terms in 20 months.<More>

Jindal's Bolivian Steel Plants for USD 2.1B (March 12, 2007)
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.<More>

India No. 2 Investor in Bavaria (March 12, 2007)
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.<More>

U.S. Prelim Anti-Dumping Duty on Shrimp (March 05, 2007)
The U.S. Department of Commerce announced preliminary anti-dumping duty (averaging 10.54%) on shrimp from India, China, Vietnam, Brazil, Ecuador, and Thailand.<More>

UK Bank to Close Direct Interface Call Center (March 05, 2007)
The United Kingdom's largest consumer loan provider, Lloyds TSB Group, has capitulated to domestic union and labor demands to stop off shoring activities to India and closed its direct interface operations.<More>

India Willing but Cautious on WTO (March 05, 2007)
In a one-to-one meeting, Minister for Commerce and Industry Kamal Nath has reportedly told his European Union counterpart Peter Mandelson that India is willing to restart the stalled Doha Round but is unwilling to rush into a deal.<More>

Essar Negotiating 20% Stake in Libyan Oil Field (March 05, 2007)
The Essar group is negotiating with Phoenix Libya (a subsidiary of Phoenix AG) to buy 20 percent stake with rights to buy up to 50 per cent in an oil and gas field in Libya and also plans to take oil and gas blocks in Iran, Papua New Guinea, and Libya.<More>

BG-ONGC $1B Investment in KG (March 05, 2007)
British major BG Group Plc and Indian major Oil and Natural Gas Corporation (ONGC) announced plans to invest USD 1 billion in the Krishna Godavari basin oil and gas block.<More>

TVS Unit Sold to Finnish Company (March 05, 2007)
TVS Electronics is planning to divest its electronic contract manufacturing services business to Finland based Incap Corporation for Rs. 50-60 crore (USD 11-13 million) to re-focus on its core peripherals business.<More>

Hindalco's Novelis Offer (March 05, 2007)
Hindalco Industries announced that it will make a preferential allotment worth Rs 2,600 crore (about $565 million) to part-finance the company's recent acquisition of US aluminium company Novelis.<More>

Informatica Plans Expansion (March 05, 2007)
The USD 325 million data integration software products company Informatica, is planning to grow its customer support services business from its India centre in Bangalore and handling one-third of its customer services.<More>

US Tech Spending from India to Increase (March 05, 2007)
A Deloitte survey reported that the U.S. will increase its technology services procurement from India and China over the next three years with banks leading increasing its spend of 6% of annual IT spend of USD 44 billion to 30% by 2010.<More>

PowerGrid to Raise Rs. 3800 Cr Debt (February 27, 2007)
The Power Grid Corporation of India Limited (PGCIL) is planning to raise Rs. 3,800 crore (USD 863 million) through debt instruments such as bonds and loans during the fiscal year 2007-2008.<More>

China to Buy India Coffee (February 27, 2007)
Specialty Coffee Association of Hong Kong & the People's Republic of China Director Barry Yuen said that China has an estimated five million coffee drinkers whose needs are mostly met through imports.<More>

Populist Railways Budget (February 27, 2007)
Railways Minister Lalu Prasad Yadav presented a populist budget that cut prices across the board with the claim that increased traffic will bring in more revenue but critics have castigated him on adopting policies that will ruin Railways.<More>

Vodafone Headsets in India (February 19, 2007)
China's leading telecom gear maker the $7.3-billion ZTE Corp has reportedly met with Vodafone Group to set up a world-class GSM handset manufacturing hub in India to meet low-cost handset requirements for Indian, Brazil, and Russian markets.<More>

Swiss Triumph to Expand 5000 (February 19, 2007)
Switzerland headquartered innerwear brand Triumph International revealed plans to employ 5000 workers at its new manufacturing facility near Chennai to produce 15-20 million lingerie units.<More>

Low-Cost US Motels to India (February 19, 2007)
US-based Patel Motels along with others such as Super8 Motels, Country Hearth, Best Inns, and Best Value Inn are to enter India through the franchisee route and develop at least 20 Greenfield properties in metros and secondary cities.<More>

Italian Haute Couture Line in India (February 19, 2007)
Italian USD 833 million Sixty Group revealed plans to enter the Indian market through exclusive nine-year franchising and trading partnership with Delhi-based Indus Clothing.<More>

ONGC-ENI Energy Swap Deal (February 19, 2007)
The Oil and Natural Gas Corporation (ONGC) and Iralian ENI SpA signed an energy swap deal where ONGC will take a 20-25 per cent stake in a Congo block that ENI owns in return for a 30-35 per cent stake in Mahanadi basin block.<More>

AP- Ras Al Khaimah Ceramic Tile Project (February 19, 2007)
The Ras Al Khaimah (RAK) has signed an agreement with the Government of Andhra Pradesh (AP) to invest Rs. 9,000 crore (USD 2 billion) to set up an alumina plant and aluminum smelter unit to be used to produce ceramic tiles.<More>

Toyota's Small Car Plant (February 19, 2007)
Japanese car major Toyota Motor Corporation is reportedly planning an investment of USD 330-420 million to set up a small car plant near its existing facility near Bangalore with an initial capacity to manufacture 100,000 cars a year.<More>

Norwegian Orkla Buys MTR (February 19, 2007)
The USD 8.8 billion branded consumer goods, speciality materials and financial investments Norwegian company Orkla has reportedly bought out MTR Foods at a price of USD 100 million.<More>

Disinvestment Has Morphed, Restarted (February 09, 2007)
In a bid to restart disinvestment policy stalled by allies of the government, Finance Minister P. Chidambaram said that the cabinet has approved the offload of a small part of its holding in three public sector power companies.<More>

India to Joins Madrid Trade Mark System (February 09, 2007)
The Federal cabinet approved Indian's accession to the Madrid Protocol on International Registration of Marks to provide better and extensive protection abroad for Indian marks owners.<More>

ONGC Gets 24 of 52 NELP VI Blocks (February 09, 2007)
India approved 52 oil and gas blocks and and the Oil and Natural Gas Corporation (ONGC) bagged 24 of them.<More>

Achieving a Sustainable Economic Growth Rate (February 08, 2007)
In yesterday's piece "Is the Economic Growth Sustainable?" we showed that the Indian economy has excellent fundamentals but is also riddled with risk. In this article, we will list various fixes that are necessary to ensure that the growth rate continues.<More>

Is the Economic Growth Sustainable? (February 07, 2007)
If economic reforms keep pace, in the next several years, the Indian economy is expected to pass Italy, France, and the UK and become the fifth largest in the world spurred by more efficient industries competing with the global system.<More>

Singapore Distraught About SEZ Freeze (February 07, 2007)
The Singapore government has demanded explanation from the government on the recent policy to freeze the Special Economic Zone (SEZ) approvals and notifications.<More>

RBI Squeezes Money Supply (February 06 , 2007)
The Reserve Bank of India (RBI) hiked the Repo Rate to control money supply making loans more expensive and also limiting risky credit exposure in sensitive areas—this key rate is the rate at which banks lend against government bonds.<More>

Govt to Buy SBI, NABARD off RBI (February 06 , 2007)
In a surprising move, the government has decided to buy India’s largest bank State Bank of India (SBI) and National Bank for Agriculture and Rural Development (NABARD) from the current holders Reserve Bank of India (RBI).<More>

Farmers to Co-Own SEZs (February 05 , 2007)
With increased opposition from farmers over arbitrary allocation of farm land for Special Economic Zone (SEZ) industrialization, the federal government seems to have evolved a formula where the dispossessed farmers may co-own SEZs.<More>

Russia Supports Natural Gas Cartel Idea (February 05 , 2007)
Russia has proposed a gas producing cartel idea from Iran along the lines of the oil producing cartel so natural has exporters can come under a banner to control output to keep prices at higher levels.<More>

US-China IPR Spat (January 31 , 2007)
As trade gap between the United States and China widened, the countries appeared to be on collision course over intellectual property rights (IPR) with Washington accusing Beijing of counterfeiting American goods.<More>

US-China IPR Spat (January 31 , 2007)
As trade gap between the United States and China widened, the countries appeared to be on collision course over intellectual property rights (IPR) with Washington accusing Beijing of counterfeiting American goods.<More>

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