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India: Business & Economy
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TIRUPATI: Promoter of crisis-ridden Kingfisher Airlines and UB Group Chairman Vijay Mallya made an offering of gold bricks, weighing about three kg, at the famous hill shrine of Lord Venkateswara on his 58th birthday today.
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India: Business & Economy
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WASHINGTON: India's holding of US government debt securities has declined for the second consecutive month, even as many other countries including China, Japan, Brazil and Russia hiked their exposure to American treasury bonds. As per the latest data released by the US Department of Treasury, India's holding of treasury securities stood at $58.9 billion at the end of October 2012
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India: Business & Economy
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BANGALORE: Infosys today said it has been awarded the number one spot globally for its corporate governance practices by IR Global Rankings (IRGR).
IRGR is the most comprehensive technical ranking system for investor relations websites, corporate governance practices and financial disclosure procedures, according to the Bangalore-headquartered company.
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India: Business & Economy
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Infosys Ltd, India’s second-largest IT services provider on 12 December 2012 announced that its American Depositary Shares (ADS) have started trading on the New York Stock Exchange (NYSE) under the ticker symbol INFY.
The company is also in the process of listing its ADS on the Paris and London exchanges of NYSE Euronext.
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India: Business & Economy
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10 DEC 2012 Microsoft Corporation India has launched the first of a planned 100 Microsoft Innovation Centers that will impact the technology expertise of some 500,000 Indian students. The program will certify 100,000 students on Microsoft technologies", "The program will also drive innovation and help build a product-based software economy by supporting product development, and over 500 start-ups.
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India: Business & Economy
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9 November 2012 - The UK is to end financial aid to India by 2015, international development secretary Justine Greening has said.Ms Greening said the move, which will be popular with Tory MPs, reflected India's economic progress and status.Giving his reaction, India's foreign minister Salman Khurshid said: "Aid is the past and trade is the future."
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India: Business & Economy
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New Delhi Nov 01, 2012 - Businesses in India recorded losses worth a whopping Rs 6,600 crore last year with a significant portion of these frauds occurring in the financial services sector that includes banking, investments and insurance businessesaccording to Fraud Indicator, a first of its kind report by Consulting firm Ernst & Young.
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India: Business & Economy
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NEW YORK: Five Indian companies -- Larsen & Toubro, Hindustan Unilever, Infosys, TCS and Sun Pharma have made to a list of the world's 50 most innovative firms, with the engineering giant L&T ranking among the top-ten. The global list, released by US-based business magazine Forbes. HUL (12th), Infosys (19th), Tata Consultancy Services (29th) and Sun Pharma (38th) .
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India: Business & Economy
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Tue Oct 16, 2012 4:45am EDT NEW DELHI/MUMBAI (Reuters) - Maruti Suzuki India Ltd has launched a cheaper, more powerful and fuel-efficient version of its Alto - the world's best-selling small car - as competitors including Hyundai and Tata Motors flex their muscles in the entry-level market.
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India: Business & Economy
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Reuters Fri Sep 14, 2012 - India's beleaguered government roared back to life in dramatic fashion on Friday, announcing big bang reforms . A day after sharply increasing the price of heavily subsidized diesel, the government said it was opening up its supermarket sector to foreign chains and would allow more foreign investment in airlines and broadcasters.
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India: Business & Economy
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BHUBANESWAR/NEW DELHI, India (Reuters) Thu Sep 20, 2012 - Schools, businesses and government offices were shut in many parts of India on Thursday as protesters blocked roads and trains as part of a one-day nationwide strike against sweeping economic reforms announced by the government last week.
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India: Business & Economy
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Coca-Cola Co. says it will invest an additional $3 billion in India through 2020 as it looks to capitalize on the growing market.
The world’s biggest beverage maker, whose brands include Minute Maid and its namesake, has seen some of its biggest gains come from emerging markets like China and India.
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India: Business & Economy
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India has unveiled a new version of what it says is the "world's cheapest tablet computer" - the Aakash 2. The device, primarily for students, is to be sold for 2,263 rupees ($40; £26). It has a faster processor, longer battery life and more programming capability than an earlier version.
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India: Business & Economy
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9 MAY 2012 - India has one of the world’s largest industries for breaking down old ships and oil tankers centred around Alang, and workers in the coastal town are expected to process the ship to salvage scraps of metal and parts that retain value.
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India: Business & Economy
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The Exxon Valdez was bought recently by the Hong Kong-based subsidiary of an Indian shipbreaking firm and was being taken to the coastal town of Alang, the hub of India’s shipbreaking industry, for dismantling. After the court’s order, Gujarat maritime authorities and pollution control authorities withdrew the permission they had granted to the company to anchor the ship near Alang beach.
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India: Business & Economy
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NEW DELHI—India’s Supreme Court has banned the Exxon Valdez from entering India, saying the ship involved in one of the worst U.S. oil spills will not be allowed in for dismantling until it has been decontaminated. The ship, now known as the “Oriental Nicety,” entered Indian waters last week and was headed for the western Indian state of Gujarat, when the Supreme Court gave its order.
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India: Business & Economy
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India's retail trade is currently worth about $450 billion annually, the seventh largest in the world. More than 90 percent of the market is currently serviced by small, independent shopkeepers, and India has one of the highest shop densities in the world, with about one shop for every 10 people.
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India: Business & Economy
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Goldman Sachs, the institution which coined the acronym BRICs to define Brazil, Russia, India and China as a formidable economic grouping, says that by 2050 the bloc (BRICS now includes South Africa) will overtake the GDP of all developed economies including Japan.
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India: Business & Economy
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In the past 15 years, India's trade with the US and Japan has been almost stagnant, but that with China has almost doubled every four years and is expected to touch $100bn by 2013.
In the next five years India has to produce 1,000,000 megawatt of power, and 20% of all power equipment is being bought from China.
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India: Business & Economy
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India has already started producing more additional GDP than Germany, and China is contributing more to the world economy incrementally than even the United States.
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India: Business & Economy
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India was the third best performing market in the world in 2009 just behind Russia and Brazil. While the BSE Sensex returned 81%, the Brazilian market gave investors a slightly higher return of 82.7% and the Russian market offered investors a handsome return of 111.6%. The broad market as measured by the movement of BSE Sensex, gained by 81% from December 31,2008 to December 31, 2009.
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India: Business & Economy
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Two-thirds of the country’s G.D.P., and 90 percent of government revenues, emanate from urban India.
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India: Business & Economy
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India launches its own satellites and in 2008 sent its first spacecraft to the moon using it's own counting system - Hindu Numerals. Other countries borrow from India.
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India: Business & Economy
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Main exports: Agricultural products, textile goods, gems and jewellery, software services and technology, engineering goods, chemicals, leather products.
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India: Business & Economy
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Japan, China, and the United States, along with the United Arab Emirates are India's major trading partners.
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