India is 3rd Largest Investor in UK (July 07, 2006)
British High Commissioner to India Michael Arthur said “With Indian businesses investing £1.02 billion into the UK, India now ranks as the third largest foreign investor in the UK globally, and the second largest from the Asia-Pacific region.”<More>

China & India pip Japan on Property Value (July 06, 2006)
Booming economies in China and India are not only “most exciting” markets but also built infrastructure can fetch up to 20% internal rate of return and investment bankers say that those not in these markets will “miss some of the best opportunities.”<More>

Indian Thoughts on Spurring Manufacturing (July 06, 2006)
After receiving detailed recommendations from business organizations, Finance Minister P. Chidambaram promised to draw up a fresh agenda to step up the manufacturing sector growth rate from the current 9% to12%.<More>

Farm Sector Disagreements Stall WTO (July 05, 2006)
In further hardening of stance,  India has rejected heavy concessions from developing nations while only few concessions are forthcoming from developed nations especially in access to markets for agricultural and industrial products.<More>

Gail Consortium Signs Oman Deal (July 05, 2006)
A Gas Authority of India Limited (GAIL) led consortium signed the Exploration and Production Sharing Agreement (EPSA) with The Government of the Sultanate of Oman for Block 56 last week for exploration and production of hydrocarbons.<More>

Ore Export Cut to Japan, Korea (July 03, 2006)
Ministry of Commerce Additional Secretary Christy Fernandez announced fresh agreements where export of iron ore to Japan and Korea will be cut by 50% to a maximum of 6.78 million tons (mts) this fiscal year.<More>

Govt to Maintain Borrowing Levels (June 30, 2006)
Federal Finance Minister P. Chidambaram has said that the overall size of borrowing for the current fiscal year will remain at Rs. 152,856 (USD 33 billion).< More>

'India to Harden Stance at WTO (June 30, 2006)
Ignoring threats and warnings from World Trade Organization (WTO) personnel, India disclosed that it has toughened its stand on agriculture and industrial tariffs and asserting that development challenge of the Doha Round must be addressed. <More>

PM Defies Commies on Disinvestment (June 30, 2006)
Prime Minister Manmohan Singh signaled that his Government will not rethink its policy to disinvest in profit making non-Navratna Public Sector Units as means to finance increasing social expense and containing runaway deficits.<More>

Australia Ships Remaining Wheat (June 29, 2006)
The Australian Wheat Board (AWB) announced that it has resolved quality issues with Indian authorities and will be exporting the remaining 400,000 tons of wheat of the 500,000 tons deal valued at USD 90 million.<More>

Panel to Discuss Manufacturing Issues (June 28, 2006)
The Confederation of Indian Industry (CII) said Prime Minister Manmohan Singh will lead a high level committee on manufacturing to discuss macro-economic measures needed to make industry globally competitive.<More>

CII Predicts Slower GDP Growth (June 26, 2006)
The Confederation of Indian Industry (CII) predicted slower Gross Domestic Product (GDP) growth in the current year bucking last year’s 8.4% growth propped up by 3.9% growth in Agriculture but insisted that growth will remain impressive at the 8% level.<More>

Govt to Sell 10% of Nalco, NLC (June 23, 2006)
The Cabinet Committee on Economic Affairs (CCEA) agreed to allow the Government to disinvest 10% of two profit making public sector non-navratna companies to raise resources for the National Investment Fund (NIF) mostly to fund social sector expenses.<More>

Private Sector Wheat, Sugar Imports Allowed (June 23, 2006)
Concerned at rising prices of wheat and sugar, the Cabinet Committee on Prices (CCP) has approved the Government to allow private sector operators to import them and has banned the export of pulses.<More>

Business confidence index up 8%, says CII  (June 22, 2006)
Belying stock market reverses, a Confederation of Indian Industry (CII) outlook survey says that compared to six months ago, significant increase in business confidence has hiked growth expectations for the current financial year by over 8%.<More>

India, China Still Favorite Investment Destinations (June 22, 2006)
A poll of 400 expatriate investors suggested that waning fears of corporate governance in China and fewer investment hurdles in India make these countries their most favored investment destinations.<More>

India-ASEAN FTA Talks Stalled  (June 21, 2006)
Negotiations between India and ASEAN over the proposed Free Trade Agreement (FTA) appear to be deadlocked over ASEAN’s demand that India prune down its list to only 60 items on which it will offer no tariff cuts.<More>

Govt Revenues up  (June 21, 2006)
India’s customs collections during the 1st two months of current financial year have grown by 30% to Rs. 12,633 crores (USD 2.7 billion) and this revenue has been attributed to an increase in non-oil imports or 16% of annual target of Rs. 77,066 crores.<More>

Iran Gas Deal Fast-Tracked (June 20, 2006)
On the sidelines of the Shanghai Cooperation Organization (SCO), Petroleum Minister Murli Deora met Iranian President Mahmoud Ahmadinejad, discussed the Iran-Pakistan-India liquefied natural gas (LNG) pipeline and returned more optimistic on the deal.<More>

India to Pay Myanmar for Port (June 20, 2006)
Vexed with Bangladesh’s recalcitrant attitude to deny land, sea, and rail access to North Eastern India from the mainland, India is offering Myanmar money and sops to open a sea and river trade route.<More>

Exports Up, So is Deficit (June 20, 2006)
According to the provisional trade data released by the commerce ministry, India’s merchandise export in May was 35.31% higher than previous year’s even as imports increased by 27.04%.<More>

Cotton Industry Tries to End Child Labor (June 19, 2006)
Several stakeholders in the cotton industry came together in Kurnool district in Andhra Pradesh to end the employment of an estimated 21,000 children in cottonseed production farms.<More>

Higher Savings Needed for Higher Economic Growth (June 16, 2006)
The Planning Commission has warned that the present savings rate of 28-29% could merely ensure a GDP growth rate of about 7.5 per cent and higher savings and foreign direct investment (FDI) is necessary to get a growth of 8-9% in the 11th financial plan.<More>

US, India Focus on aviation, Tourism  (June 15, 2006)
A business delegation from Houston, Texas visiting New Delhi showcased a variety of business interests, ranging from tourism to oil and gas and information technology and focused on making Indian aviation, tourism, and cargo businesses its top partners.<More> 

Indo-Japan Plan CECA by year-end  (June 15, 2006)
India said that it anticipates a Comprehensive Economic Cooperation Agreement (CECA) to expand trade with Japan and enhance bilateral cooperation in pharmaceutical and manufacturing to ensure doubling bilateral trade to $10 billion in three years.<More>  

India Gets Largest Remittance (June 14, 2006)
A JP Morgan study says that India gets the most inward remittance from its Diaspora world over estimates it to be around USD 21 billion (an increase of 150% since 1995).<More>

Economic Census Says Rural Sectors Growing Faster (June 13, 2006)
In the first sign that economic reforms are working, the “Economic Census 2005” has shown that 61.3% of rural enterprises to be growing faster than their urban peers and a lot of fast-paced development is happening in the neglected North-East.<More>

Indian Corp Raises USD 17B in Debt (June 12, 2006)
Indian companies topped all expectations to raise USD 17.13 billion last year in debt and capital market issues including USD 5.21 billion through foreign currency convertible bonds (FCCB).<More>

Indian Outward Investment Growth to EU is more (June 12, 2006)
Indian investments to the European Union (EU) have grown from €25 million in 1999 to €598 million in 2003 while EU investments in India have remained stagnant at €800 million since 1999.<More>

5th Largest, Fastest Growing Mobile Population (June 09, 2006)
India became the fifth country in the world to host more than 100 million mobile subscribers and also has the fastest growth rate-- China has the most with 404 million subscribers, the US 185 million, Japan 150 million, and Russia 140 million.<More>

India is 4th Attractive Investment Destination (June 08, 2006)
A global survey has ranked India as the 4th most attractive investment country and while it showed a diminishing interest in call centers in India without suggesting reasons for the decline, it was still the most preferred location for call centre and back office activities..<More>

ICA Predicts Large Telecom growth (June 08, 2006)
The Indian Cellular Association (ICA) of India says that the nation has the potential to manufacture around 100 to 110 million handsets or 10 per cent of the world’s requirements by 2010 and is set to become an export hub for mobile phones. <More>

Spices Exports Up (June 07, 2006)
For millenniums, Indian nations have exported prices to Egypt, Rome, China, Israel, Srivijaya (Sumatra), and Kadaram (Malaysia) in return for ships laden with gold; but in the last decades, this sector has hardly received any attention from the Government.<More>

Eurocopter-HAL JV (June 06, 2006)
World's leading helicopter manufacturer Eurocopter Hindustan Aeronautics Limited (HAL) signed a global industrial cooperation partnership agreement to jointly produce civilian and military Ecureuil and Fennec family of helicopters for the world market.<More>

Indo-Bangla Business Ties (June 06, 2006)
Six task forces of Indian and Bangladesh business leaders have agreed to influence their respective governments to allow containerized movement of cargo through road, rail and inland waterways to boost bilateral trade and investment. <More>

Strong Interest from Foreign Funds (June 06, 2006)
Encouraged by the great economic promise, improved relations with the West, and tremendous strides in industry, major foreign funds disclosed plans to enter the Indian mutual fund industry.<More>

TN Asks for Bailout Money (June 05, 2006)
The recently elected minority Government in Tamil Nadu (TN) that came to power promising largesse to the population, has approached the Federal Government for more money to fund their electioneering policies. <More>

Out of Control Revenue Deficit (June 02, 2006)
In worrying signs for the economy, the latest revenue expenditure statement released by the Government, revenue deficit ballooned in April and was 21.5% of the estimated deficit in the budget compared to 18.8% last year.<More>

33% Higher IT Exports at USD 23.6B (June 02, 2006)
Fourth year in a row, Information Technology (IT) and Information Technology Enabled Services (ITES) grew at an astounding 33% netting USD 23.5 billion from exports and 31% domestic growth netting USD 29.6 billion.<More>

GDP Performs Above Expectation (June 01, 2006)
Better Agriculture, Manufacturing, and Services sector performance saw the Gross Domestic Product (GDP) going up to 8.4% compared to 7.5% the previous year; the stock market actually collapsed despite the good news citing global concerns.<More>

Cess for Port Development (May 31, 2006)
The Shipping Ministry is planning to impose a cess to develop funds to build major and minor ports in India to double India’s dismal share of global mercantile trade of .8% by 2009. <More>