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:: ECONOMY |
Bhutan could become South Asia's powerhouse
Guwahati, March 9 (IANS) Bhutan may soon become South Asia's hydroelectric powerhouse and can export energy to the tune of nearly 5,000 MW to India over the next decade.
PM's visit boosts US Inc's India outlook
New Delhi, Aug 8: By resolving some geopolitical issues during the recent Washington visit of Prime Minister Manmohan Singh, India and the US have made their business climate more conducive for cooperation, experts said Monday.
Indian business eyeing Kazakh building boom
Astana (Kazakhstan), July 11: Indian business is slowly waking up to the incessant clatter of cranes busy adding yet another glass-and-chrome high-rise in this brand new city - the brainchild of President Nursultan Nazarbayev who made it the capital seven years ago.
Sudan minister in India for energy talks
New Delhi, June 6: Sudan's Foreign Minister Mustafa Osman Ismail arrived here Monday to strengthen energy cooperation between India and Sudan.
India-China trade crosses $10 bn
NEW DELHI: Annual trade between India and China has crossed the $10-billion mark for the first time, even as data for the last two months of 2004 is still awaited, the Indian mission in Beijing said in a report.
Nepal's Cosmic Air looks to Indian market for growth
NEW DELHI: Less than a month after launching flights to the Indian capital, Nepal's Cosmic Air is firming plans to provide connectivity to other cities and in particular woo road travellers from Uttar Pradesh.
Bangladesh export earnings grow by 19 percent
DHAKA: Bangladesh's overall export earnings amounted to $2.9 billion in the first four months of fiscal 2004-2005, growing by 19 percent over the corresponding period of the previous fiscal, Xinhua reports.
African grouping to discuss free trade with India
JOHANNESBURG: Trade between India and the five members of the Southern African Customs Union (SACU) is expected to get a boost when negotiations start next year (2005) for opening up markets between the countries.
Pakistani units study Indian technical collaboration
NEW DELHI: A political thaw is encouraging several Pakistani manufacturers to study possible technical collaboration with Indian companies.
Spectre of job reservation haunts Indian industry
Indian businessmen are gradually waking up to the possibility of their worst nightmare coming true - the reservation of jobs in the private sector for disadvantaged groups.
Reliance Industries may split as talks fail
MUMBAI: A bitter ownership row between the Ambani brothers, who control the mammoth Reliance Industries, escalated Saturday (Dec 11) with sources saying that a split in the diversified business house may be inevitable.
South African wine industry targets India
JOHANNESBURG: The South African wine industry is targeting India as a new growth area, but expect to be hindered by prohibitive import duties and differing rates of taxes and regulations in various Indian states.
E-waste threatens India's Silicon Valley
BANGALORE: India's Silicon Valley is set to choke under a heap of e-waste generated by obsolete computers and electronic components containing harmful toxic substances, industry estimates indicate.
Indian employees latest victims of Maoists
KATHMANDU: Five Indians employed in Nepal by India's leading hotel chain the Taj Group have been sent away after the management was given an ultimatum by Maoist insurgents.
India, France sign pact to push economic ties
NEW DELHI: France views India as a strategic country for trade and has adopted an action plan to expand its commercial and economic ties with the billion-strong nation, French Trade Minister Francois Loos said Thursday (Dec 9).
Pakistan asked to grant favoured nation status to India
NEW DELHI: Prime Minister Manmohan Singh Thursday (Dec 9) said Pakistan had been asked to grant most favoured nation (MFN) status to India as part of the ongoing process to improve ties between the two South Asian neighbours.
India, Israel float think-tank, peg trade at five billion dollars
NEW DELHI: India and Israel announced on Thursday (Dec 9) the setting up of a high-level think-tank to further improve relations and predicted trade would grow to an annual five billion dollars in the next three years.
New twist to family row over control over India's Reliance group
BOMBAY: Indian businessman Anil Ambani, locked in a battle for ownership of the country's largest private enterprise Reliance, has questioned moves by his older brother Mukesh to assert full control, a source close to the group said.
Musharraf defends record on terrorism, lobbies for trade
PARIS: In France on the last leg of a series of international visits, Pakistani President Pervez Musharraf on Wednesday (Dec 8) defended his record in tackling Islamic extremism and lobbied for EU trade preferences which he says are vital for the country's future stability.
Shell to invest millions to open foreign petrol stations in India
BANGALORE: Anglo-Dutch oil giant Royal Dutch/Shell said on Dec 7 it would invest 2.5 billion rupees (54.3 million dollars) and become the first foreign firm to operate petrol stations in India since the sector was opened up.
WTO urges India to focus on multilateral trade pacts, farm reforms
NEW DELHI: The director general of the World Trade Organisation said that India should focus on improving multilateral trade pacts rather than regional or bilateral ones.
Putin looks to push economic ties with India into new high-tech era
BANGALORE: Russian president Vladimir Putin toured a showcase high-tech firm in India's own Silicon Valley to push Moscow's economic ties with New Delhi into the microchip age.
Russia wants new business partnership with old ally India
BANGALORE: Russia is seeking a new economic partnership to boost a decades-old friendship with India, envisaging sophisticated arms sales, high-end technology swaps and political support on the world stage.
India outsourcing $11 bn worth services: ILO
NEW DELHI: Contrary to the belief of only being a beneficiary of the business process outsourcing (BPO) trend, India in fact outsourced IT and business services worth $11 billion last year, says International Labour Organisation (ILO).
Buy wheat from India, Amarinder tells Pakistan
CHANDIGARH: Punjab Chief Minister Amarinder Singh Friday (Dec 3) urged Pakistan to buy wheat from India rather that Russia.
Activists demand Dow face criminal trial in India
WASHINGTON: With the 20th anniversary of the Bhopal gas leak disaster being observed Friday (Dec 3), human rights activists worldwide have demanded that Dow Chemical reimburse families for medical costs, clean up toxic waste at the Union Carbide site and face criminal trial in India.
UK firm shifting auto cable unit to India
BANGALORE: Carclo Plc, the UK-based auto component firm, is shifting its auto cable manufacturing unit to India from West Midlands for exporting the product to customers in Europe.
Spain eyes India for food exports
NEW DELHI: Spain sees a lot of complementarities in Spanish and Indian culinary traditions as it eyes the growing Indian market for food products.
Leading German software producer to shift work to India
BERLIN: A leading German software producer is shifting part of its internal IT services to India.
Ambani brothers have not talked for two years
MUMBAI: The Ambani brothers, Mukesh and Anil, whose ownership tussle in Reliance has rocked India's largest business empire, have not been on speaking terms for nearly two years and interact only through aides and associates.
Hungry for more, Ambanis care a toss for investors
This past fortnight, millions of people, most of them stakeholders in Reliance, the biggest success story of Indian enterprise, have been watching in amazement at the episodic unravelling of the first family of India Inc. The Ambani family feud has been playing out almost as if it were scripted for reality TV, with shades of "Dallas" and "Dynasty".
Nokia to manufacture cell phones in India
NEW DELHI: Mobile communications major Nokia is planning to set up a manufacturing facility in India to better meet the growing demand for mobile phones, the company announced Wednesday (Dec 1).
Family feud not to affect Reliance expansion plans
LUCKNOW: Unfazed by the ongoing Ambani family feud, the telecom arm of the Reliance group is going ahead with its expansion plans in Uttar Pradesh and Uttaranchal, where it launched its mobile services in 548 new towns and cities Wednesday (Dec 1).
India-US air traffic to increase
NEW DELHI: India and the US will hold discussions in January on increasing bilateral air traffic to cope with the growing demand for flights to that country, Civil Aviation Minister Praful Patel said Wednesday (Dec 1).
Patel throws dampener on Branson's investment plans
NEW DELHI: British billionaire Richard Branson's prospects of investing in an Indian airline dimmed Wednesday (Dec 1) with Civil Aviation Minister Praful Patel viewing his ownership of Virgin Atlantic a disqualification.
World Bank to provide $120mn loan to SIDBI
NEW DELHI: The World Bank has approved a $120 million loan to the Small Industries Development Bank of India (SIDBI) to improve the access of small and medium enterprises (SMEs) to finance and business development services.
India must go all out for reforms: China expert
NEW DELHI: If the Indian economy grows at eight percent annually and if Indian households imitate their Chinese counterparts' yen for cars, India's car market may more than double rival China's in four years.
Energy, IT will top Putin's agenda
NEW DELHI: Russian President Vladimir Putin arrives here Friday (Dec 3) for the annual summit with India and a three-day visit that will look at new avenues of cooperation between the two countries in energy and IT, moving away from their strong defence-oriented relationship.
Flowers changing Bangladeshi lives
DHAKA: Ahsanullah used to visit the botanical garden here almost every day as a child. He lived nearby, and loved plucking flowers from the garden to carry them back home.
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