Australia to help India progress in Doha Round of trade talks
The Australian Trade Minister, Mr Warren Truss, has said that he will take up with the Union Commerce and Industry Minister, Mr Kamal Nath, the need to achieve progress on the Doha Round of multilateral trade talks.
ICICI to bank on overseas corp funding
ICICI Bank has said that it will increase the share of revenue from international business to 25% to its overall business in the next 18 months. At present, the international business contributes 17% ($12 billion) to the bank’s revenue.
SPV formed for freight corridors
The Railways has formed a special purpose vehicle (SPV), Dedicated Freight Corridor Corporation of India Limited (DFC-CIL), to implement the Rs. 30,000-crore eastern and western dedicated freight corridors during the XI Plan.
HCL centre for Smiths Aerospace
Smiths Aerospace, part of Britain's Smiths Group, has set up an engineering services centre in India in partnership with HCL Technologies.
Economy in high-growth trajectory, says Survey
The economy seems to have decidedly `taken off' and moved from a phase of moderate growth to a new phase of high growth.
Survey paints grim picture of power situation
The Economic Survey painted a grim picture for the power sector, with only around half the targeted addition in generation capacity during the 10th Plan expected to come up, while the total losses of state utilities rose to over Rs 26,000 cr.
IT- ITES sector boosts employment
The growth of the IT/ ITES sector has had a salutary effect on the employment scenario, with total number of professionals employed in the sector growing from an estimated 2,84,000 in 1999-2000 to 12,87,000 in 2005-06.
Population growth to stabilise by 2045
The annual population growth rate in India is expected to decelerate from the prevailing 1.6 per cent levels to 0.9 per cent by 2026.
Christy to shift production base
UK towel brand Christy is proposing to shift its manufacturing plant to the Welspun group.
Goldman Sachs to contribute $1 m to Room to Read
Goldman Sachs Foundation, a NGO outfit of the leading financial institution, will contribute $1 million of expansion capital to Room to Read India, an organisation focusing on providing education to underprivileged children.
FDI flows push India to 4th spot
Buoyed by favourable policies, India has emerged as fourth largest destination in Asia for foreign direct investment (FDI), attracting over Rs 20,000 crore within the first six months of the current fiscal year.
Take India to WTO on taxes, EU urged
Scotch whisky makers are urging the European Union to launch dispute proceedings under the World Trade Organisation rules against India following its failure to cut taxes on imported spirits in Wednesday's Indian budget.
Holcim increases stake in Ambuja Cement
Swiss cement company Holcim has increased its stake in Ambuja Cement India Ltd (ACIL)
to 78 per cent, buying an additional 11 per cent stake from Gujarat Ambuja Cements Ltd (GACL).