India sees PE deals worth $5.8 bn in first 6 months of 2011 Private equity investments jumped to USD 5.8 billion in the first six months of 2011, driven by higher number of large-size transactions as well as increased activities in the infrastructure space, says E&Y.
Indian cos to hire aggressively in FY'12 Reflecting the bullish employment market, Indian companies plan to recruit new employees at a good pace during the remaining part of the current fiscal, with the IT industry expected to offer the strongest hiring prospects, says a survey.
'India among top 5 renewable energy capacity countries' India has an installed renewable energy base of about 20 GW, which is around 11 per cent of the country's total power capacity and accounts for 4 per cent of the electricity mix, Minister of New and Renewable Energy Farooq Abdullah has said at a forum in Abu Dhabi.
'8 Indian cos among world's 500 largest corporations' Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine , with Indian Oil finding a place in the top 100 and Reliance Industries in 134th spot.
India's growth story shining By: Rupali Mukherjee India's growth story continues to attract global investors with inbound investment deals rising three-fold to $17.4 billion in the first six months of 2011. The value of outbound transactions dropped sharply to $5.8 billion from $17.8 billion in the year-ago period.
South African Airways woos Indian travellers By: Kathakali Chanda Every second international traveller to South Africa is an Indian, and most of them fly out of the western Indian city of Mumbai . Keen on cornering the largest slice of this passenger pie, South African Airways (SAA) has introduced its stateof-the-art Airbus A330-200 aircraft on the Mumbai-Johannesburg route.
Rural India too reaps fruits of growth story Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office (NSSO), shows rising real spending in rural areas, even though it is almost half of urban India’s, suggesting increasing incomes.
Growing home textiles market in India The home textiles market in India is estimated to be 17 billion USD and is growing at over 9 per cent annually. The home textiles and furnishings market is expected to reach 26.6 billion USD by 2015.
Coming soon: Indian Coins with new symbol The Indian government released new series coins of Rs 1, 2, 5 and 10, bearing the rupee symbol, which will be in circulation soon. A new series coin of 50 paise was also released.
India's June exports up 46.4 percent India's merchandise exports rose 46.4 percent in June at $29.2 billion compared to June 2010, Commerce Secretary Rahul Khullar said.
India's President on a visit to South Sudan More than a month after its second forum summit with Africa, India is set to unveil a host of capacity building projects for the development of South Sudan when Vice President Hamid Ansari is on a three day visit to Juba to attend the birth of Africa's newest nation.
' Indian Banks will meet 19% credit growth target' Despite concerns about a slowdown in demand for credit in a high interest rate scenario, the chairman of the Indian Banks Association, M D Mallya, has said the industry will meet the target of a 19% jump in advances this fiscal.
'Indian auto market may grow 12-14% this year' India's automobile market is expected to register a slower growth between 12-14% in the current calendar year, as compared to 30% in 2010, an industry official said.
Incredible India attracts over 0.4 million foreigners in June The 'Incredible India' campaign has attracted around 0.4 million foreign tourists in June this year as against 0.3 millions in the corresponding period last year, data prepared by the Tourism Ministry said.
Two Indian cities among five cheapest places in world The government may be finding it difficult to battle soaring inflation in the country, but a global survey has found two key Indian cities, Mumbai and New Delhi, to be amongst the five cheapest places to live.
Tata Motors' Africa unit to begin operations Tata Motors said it will begin operations of an assembly plant for commercial vehicles in South Africa within the next few days. "We have set up an assembly plant in South Africa and this is a commercial vehicle plant. Its just matter of days to announce the details and start operations of the plant," said a Tata Motors spokesperson.
'India contributes to large drop in global poverty' India has contributed to a large reduction in global poverty, according to the UN annual report on the Millennium Development Goals , which also pointed out that despite progress, the most vulnerable sections of society were being left out.
Global commercial vehicle big guns set to scorch Indian roads The Indian commercial vehicle industry is revving up for some fast-paced action. Long dominated by Tata Motors and Ashok Leyland, the market is set to witness a cut-throat competition as global players make a beeline to get a slice of one of the world's fastest-growing economies that is also seeing a surge in road infrastructure development.
India adds 13.35 million new mobile users in May Telecom operators added 13.35 million mobile subscribers in May 2011, taking the total number of telephone users in the country to 874.68 million, sectoral regulator TRAI said.
India to train Kyrgyz Armed Forces Stepping up its engagement with Central Asia, India will be sending a military team to train the Kyrgyz Armed Forces by the end July. India has also offered more assistance to strengthen the defence capabilities of Kyrgyzstan, which was personally conveyed by Defence Minister A K Antony, who is on a three day visit to that country.
India to continue generic drugs for HIV patients India will not compromise on drug licensing norms and continue to produce generic drugs for free treatment to HIV positive patients, Commerce and Industry Minister Anand Sharma said.
India passes ‘Good Laboratory Practices' test Manufacturers will no longer have to worry about getting their products tested abroad. India has achieved full adherent status on Good Laboratory Practices (GLP) certified by Organisation of Economic Co-operation and Development (OECD).
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1627 IST, Tuesday, July 12, 2011
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