Business/Industry

India has been one of the fastest growing free-market democracies in the world even in the wake of one of the worst economic crises in six decades. Its $1.2 trillion economy is expected to have grown 6-7 percent during the fiscal year ended March 31, 2009. This growth has come on the back of nearly 9 percent expansion over the past four years. 


 

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E-commerce firm Myntra raises $50 mn

Premji Invest of Wipro chairman Azim Premji is among the private investors from whom leading e-commerce portal Myntra has recently raised an additional $50 million (Rs.310 crore), a statement said here Monday.

Bharti Airtel to appeal against Nigerian court's Econet order

Telecom service provider Bharti Airtel is not satisfied with the Feb 14 judgment of the Lagos Court of Appeal and will lodge an appeal at the Supreme Court of Nigeria, a company statement said here Thursday.

Platform for Indian startups to compete for funds at Wharton India Economic Forum
Times of India

At a time when the startup ecosystem in India is in an overdrive, the Wharton India Economic Forum (WIEF), which kicks off in Philadelphia on February 22, is creating a platform for Indian entrepreneurs to help make their ideas flourish and get funded. What's more, for the first time this year it will also hold a competition that will feature innovative India-focused startups.

Government's poll budget seeks to please all, with prudence
By Arvind Padmanabhan and Gyanendra Kumar Keshri

Seizing the limited elbow room in an election year, Finance Minister P. Chidambaram presented the interim budget for the next fiscal Monday saying the Indian economy was more stable today than two years ago and sought to win over key sections like scheduled castes, minorities, women, farmers and army personnel with more money for their welfare while pleasing the middle class with excise cuts to make cars, mobile phones and items of daily consumption cheaper.

Marico to expand in Asia, Africa
By RAMNATH SUBBU/ Business Line

Marico, a leading Indian FMCG player with products in hair care, skin care and edible oils business, is keen to enter new markets in Asia and Africa.

Bharti Airtel launches 4G on mobile with Apple in India

Telecom service provider Bharti Airtel along with Apple Friday launched India’s first 4G on mobile, a company statement said here Friday.

Fossil fuel markets curb renewable energy in Africa: UN official

The global markets in fossil fuels are curbing the development of renewable energy in Africa, a top UN official said in New Delhi.

Indian biz honchos shine in Fortune's 50 most powerful women list

PepsiCo Chief Executive Officer Indra Nooyi and ICICI Bank Managing Director Chanda Kochhar are among Fortunemagazine's list of 50 most powerful women in business who are "taking on the world" by pushing into new territories and inspiring women in their home countries.

India, Namibia agree on speedy inking of PTA with SACU

India and Namibia have agreed to finalise early a preferential trade agreement (PTA) between India and the Southern African Customs Union (SACU) aimed at reducing tariffs on traded items.

Bharti Airtel rejigs top team in African operations

 In pursuit of its growth agenda, telecom service provider Bharti Airtel Wednesday announced a rejig of its top team at Airtel Africa.