India Intelligence Report
Information
Democracy Government States Neighbors Religions Organizations
The Eternal Way
Introduction The Scriptures Principles Karma The Individual The Society
Content
Latest Editorials Questions Search
 

Business and Economy

 
 

  • Commies Say No to Oil Price Hike (May 11, 2006)
    Buoyed by the exit polls that predicted an ultra-left victory in state elections, the communists vowed to stop the Government from hiking oil prices that could force oil companies to absorb a loss of over USD 16.5 billion or $13.5 billion for the exchequer.< More>

  • Tea Production Falls in NE (May 11, 2006)
    After the euphoria over lower Kenyan output in tea, its largest international competitor, the Indian Tea Association (ITA) said loss of rainfall in the North East, which produces 75% of Indian tea, has resulted is lower output  <More>

  • Kenyan Crisis Boosts Indian Tea Prospects  (May 10, 2006)
    A major drought in Kenya that is decimating its population has also created a shortfall of 30 million kilograms (mkgs) of tea in the world market that will soon be filled by Indian tea exporters from domestic production of 928 mkgs. <More>

  • India Top Retail Destination  (May 10, 2006)
    A T Kearneys Global Retail Development Index 2006 ranked India as the most attractive destination for mass merchant and food retailing when compared to 30 peer emerging markets.< More>

  • Pawar Fortifies to Defend his Wheat Policy   ((May 9, 2006))
    The Ministry of Food and Agriculture and Minister Sharad Pawar would be under immense pressure in the forthcoming Parliamentary session over the countrys broken-down wheat management policy.< More> 

  • Two More Mega Power Projects (May 8, 2006)
    Power Minister Sushil Kumar Shinde said that India would add two more 4000-megawatt (MW) mega power projects one each for Andhra Pradesh and Orissa each costing about USD 3.6 billion using a private-public investment vehicle.< More>

  • Sustaining Economic Growth (May 8, 2006)
    The Asian Development Bank (ADB) Board meeting at Hyderabad provided a unique opportunity for India to listen and share ideas with Asian peers on global fiscal, foreign exchange, trade, and financial issues.< More> 

  • Tata Wants Spectrum Policy Review (May 4, 2006)
    Rata Tata, Chairman of the Tata Group and an important player in the Telecommunication space, has appealed to Prime Minister Manmohan Singh to review the spectrum allocation plan that treats the scarce resource inefficiently.< More>

  • Reneging Huwawei Bids for BSNL (May 4, 2006)
    Chinese networking vendor Huwawei Technologies said that it will bid for a major Bharat Sanchar Nigam Ltd (BSNL) GSM contract even though it had reneged on its earlier CDMA contract after winning the bid by quoting the lowest price.<More>

  • Jute Exports Increase (May 3, 2006)
    The Textiles Ministry reported increased jute exports valued at USD 266 million even as exporters complained of sparse Government support while Food & Agriculture Organization (FAO) said India’s export actually dropped from 34% to 26% from 2003 to 2004. < More>

  • Mega LNG Deal with Iran is dead (May 3, 2006)
    Visiting Iran’s Deputy Oil Minister Hadi Nejad Hosseinian informed stunned Government officials that the much-publicized and anticipated USD 22 billion-mega deal to bring Liquefied Natural Gas (LNG) from Iran is dead.<More> 

  • Indian Pharma Companies Lead M&A Numbers (May 2, 2006)
    According to a Goldman Sachs study, Indian pharmaceutical companies are leading in the number of Mergers & Acquisitions of generic industries figuring as buyers in 4 of the 7 deals worldwide.< More>

  • Uzbek Allows Indian Oil Exploration  (April 28, 2006)
     India and Uzbekistan reached a landmark deal where the latter will allow Indian companies to explore for natural gas that can then be shared equally. <More>

  • US Wants More Economic Reforms  (April 28, 2006)
     US Treasury Under Secretary Timothy Adams said that more economic structural reforms are necessary for billions of dollars to flood the India and create unprecedented opportunities for the nation. <More>

  • Germany Seeks Market Access (April 27, 2006)
    Prime Minister Manmohan Singh asked German Chancellor Angela Merkel to bring in more investments in infrastructure, manufacturing, and high technology while his interlocutor asked India to shed protectionism and open markets further.    <More>

  • IT Exports Up 36% (April 26, 2006)
    Increased global reach of Information Technology (IT), strong demand for qualified human resources, and strong investments by IT companies saw India exporting over USD 22.5 billion worth of software and services up 36% from last year.< More>

  • Tirpur Knitwear Exports at USD 1.7B (April 26, 2006)
    Knitwear mills in Tamil Nadu town Tirpur reported increase in exports of 33.3% valued at USD 1.7 billion to grab the number 1 spot from Punjab’s Ludhiana and is aiming to increase its output to USD 2.25 billion next year.<More>

  • FII Exposure valued at USD 80 billion (April 24, 2006)
    With an estimated 8% Gross Domestic Product (GDP) growth rate, India continues to attract Foreign Institutional Investors (FII) whose numbers have grown from 685 to 898 in a year and valued at USD 80 billion driven up by the 180 A-group companies. < More>

  • Postal Act May Kill Courier  (April 21, 2006)
    The Indian Government created a new draft law that would essentially ban courier companies from carrying letter mail lighter than 300 grams — Industry sources castigated this move saying that it is “against the spirit of liberalization and ” <More>

  • SENSEX Breaks 12K-Barrier (April 20, 2006)
    Defying international trends relating to oil and security concerns, strong domestic fundamentals inspired Indian mutual funds to flood the stock markets raising the SENSEX index beyond 12,000 in just 16 sessions.<More>

  • Tariff Relief per SAFTA April 20, 2006)
    At a meeting of South Asian Commerce Ministers meeting at Dhaka, India and Pakistan agreed not to charge import duties on 5% of products traded within the South Asia Free Trade Area (SAFTA) region.<More>

  • Auto components Export Grows 28% April 19, 2006
    Indian auto components exports have grown by 28% last year to USD 1.8 billion from USD 1.4 billion a year ago compared to overall auto component industry value of USD 10 billion with a growth of 15%. <More>

  • Telco Companies Orders worth USD 15b (April 18, 2006)  
    Indian telecommunication majors are placing orders worth USD 15 billion to acquire 150-180 million new lines within the next 12 months. <More>

  • ONGC Reveals Major Expansion Plans (April 17, 2006)  
    The State-owned Oil and Natural Gas Corporation Limited (ONGC) announced plans to create a mammoth 45.5 million tons (mt) refining capacity at a cost of USD 12.5 billion that will spur it closer to its vision of being a global player by 2009-10.<More>

  • BSNL profit down 20% (April 11, 2006)
    State-owned telephone company, Bharat Sanchar Nigam Limited (BSNL) announced that its profit margin dropped by 20% due to lower access deficit charge (ADC) from private operators and lower reimbursement of licensing fee. BSNL earned USD 1.8 billion.<More>

  • India will be World’s Refinery Hub (April 10, 2006
    Rising demand for energy, high price of oil, lack of US & EU investments in refinery has created a space for India , much like the business process outsourcing sector, to become the world’s choice destination for refining crude oil.<More>

  • Indian Altruism Helps China Master Software (April 10, 2006)
    A first of its kind, an Indo-Sino software research, training, and education facility to replicate the success of Bangalore in China has been launched near Chengdu, provincial capital of Sichuan.<More> 

  • ADB Says India ’s Growth Rate to be 7.6% (April 7, 2006)
    An Asian Development Bank (ADB) report said that India will grow at a robust 7.6% but warned against the 3% fiscal deficit and 6.1% inflation that will force higher interest rates. <More>

  • India Refuses To Budge on WTO (April  7, 2006)
    While World Trade Organization (WTO) warned India not to miss out on benefits of the Doha round and concede key tariffs to provide greater market access; India asserted that its 30% import rate sufficiently proved its market access credentials.< More>

  • UK Laws Makes Outsourcing Expensive (April 6, 2006)
    In a move that could cost Indian business process outsourcing (BPO) companies a huge packet, United Kingdom is introducing a law that will require BPOs to safeguard the rights of worked made redundant because of outsourcing.< More>

  • Health Tourism is Big Business (April 6,2006)
    A joint study by the Confederation of Indian Industry (CII) and McKinsey report said that health tourism to India will be large business and will reach USD 12 billon by 2012.<More> 

  • SC Empowers TRAI  (April 5, 2006)
    The Supreme Court (SC) has empowered the watchdog Telecom Regulatory Authority of India (TRAI) with powers to penalize unscrupulous telecom operators who induce subscribers with carrots only to withdraw them later.<More>

  • More IPOs from India this Year  (April 5, 2006)
    With changing economic landscape, higher Foreign Direct Investment (FDI), and reforms, India will field more Initial Public Offering (IPO) in 2006 along with West Asia, Brazil, and South Korea.<More>

  • Seafood Exporters Threaten to Strike (February 11, 2006)
    The seafood exporters association is threatening to go on strike where it will stop all purchase and production of seafood and products. <More>

  • 20% Increase in Tax Collection (February 10, 2006)
    The Income Tax Department reported an increase of 20% in tax collection the last quarter. <More>

  • LIC to invest in power plants (February 09, 2006)
    India revealed that it’s five mega coal power plant plan will be financed by the Life Insurance Corporation through Special Purpose Vehicles created by the Power Finance Corporation.<More>

  • Opposition Parties Faults Govt on Wheat Import (February 07, 2006)
    The Government came in for sharp criticism on its decision to import 500,000 tons of wheat from Australia.<More>

  • Gem Exports Grows 15% (February 04, 2006)
    Despite tough economic hurdles, the Gems and Jewelry exports from India grew at 15% to USD 17 billion.<More>

  • Textile Exporters Fault US, EU Limitations (February 04, 2006)
    The Indian Textile Export Promotion Council said that restrictive practices in the US and EU continue to block exports of textile raw materials to those countries. <More>

  • Singapore Considering SEZ (February 03, 2006)
    Singapore Senior Minister Goh Chok Tong told Indian President that his country is considering a special economic zone (SEZ) in India that would help boost Foreign Direct Investment.<More>

  • Largest Oil Exploration Tranche (February 03, 2006)
    In the largest ever tranche, India will offer 55 oil blocks, mostly offshore, covering 300000 square kilometers for exploration.<More>

  • Pak to Import 50K tons Sugar from India (February 02, 2006)
    Pakistan is to import 50000 tons of sugar from India to meet domestic demand and maintainable market prices.<More>

  • India Competes with China in Telecom (February 02, 2006)
    The Telecom Regulatory Authority of India (TRAI) said that since the launch of cellular telephony, India added 4.5 million users in a month thus matching the "add-on" rate of China. <More>

  • Saudi Claims Victory over al Qaeda (February 01, 2006)
    Saudi security experts say that the Saudi Arabian monarchy has managed to stamp out an al Qaeda led insurgency that started in 2003 and claimed 264 lives in 25 incidents.<More>

  • US asks India Reconsider Syrian Investment (January 30, 2006)
    The United States submitted an aide mémoire seeking India to reconsider its decision to invest in a Syrian oilfield.    <More>

  • Large Domestic Textile Growth (January 30, 2006)
    The textile industry in India, which relied mostly on exports for high value income, is seeing a large growth in the home textile segment. <More>

<  Previous  1  2  3  4  5  6 >