1227 IST, Sunday, October 27, 2013 
Business/Industry
India receives $69 bn in remittances; tops global list
India received $69 billion remittance in 2012, the highest in the world, followed by China with $60 billion and the Philippines $24 billion, World Bank data showed. |
Ford India plans to make India export hub
Auto major Ford India, which is gearing up to roll out its much-awaited compact Sports Utility Vehicle (SUV) Ford Ecosport in a couple of months, plans to make India the export hub. It is targeting 25 percent exports of its total vehicle capacity in the country. |
UN for positioning tourism high on global agenda
A delegation of United Nations World Tourism Organisation (UNWTO) urged Vice President Hamid Ansari to take measures to position travel and tourism higher on the global agenda. |
Overseas acquisitions by Indian IT firms to rise in 2013Ruchita Saxena and Anirban Sen / Mint & The Wall Street Journal
India’s largest software services company by revenue Tata Consultancy Services Ltd (TCS) announced on Tuesday that it had acquired French information technology (IT) services firm Alti SA for €75 million (around Rs.530 crore), and analysts say more such acquisitions of foreign companies by Indian ones will happen this year. |
Starbucks to open outlets in more Indian citiesBy Rohit Vaid
Encouraged by the "tremendous response", Starbucks Coffee is planning to expand to more locations to tap the full potential of the vast Indian market where the coffee shop industry is growing at a fast clip. |
India decontrols $15.5 bn sugar industry
The Indian government decided to decontrol the Rs.80,000 crore (around $15.5 billion) sugar industry in line with the suggestions of a panel headed by C. Rangarajan, the chairman of the prime minister's economic advisory council. |
India sees increased foreign tourist flow in early 2013
Foreign tourist arrivals in India grew by 2.3 percent in the first three months of 2013 despite the Delhi gang-rape and cases of sexual assaults on foreign tourists, an official said New Delhi. |
Engaging India at state level among top US prioritiesBy Arun Kumar
One of America's top priorities in building a partnership with India is to expand state- and local-level engagement, according to a senior US official as Indian companies are adding tremendous value to local US economies. |
475 projects worth $64 bn on table at India-Africa conclave
The 9th edition of India-Africa Project Partnership conclave gets underway here March 17, promising to be the largest such engagement with the 54 countries in the continent, with a record 630 registered delegates from overseas. |
'Proper strategy will help India, US achieve $500 bn trade'
With the Indo-US trade now touching around $100 billion, charting out a larger strategy of engagement will help achieve the next target of $500 billion, a top industry official said March 14. |
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. 
