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    India’s Billion Dollar Businesses Increase by 16 Percent

    Mar. 24 – The number of domestic billion dollar companies in India increased by 16 percent from 104 to 124 over the last two years, according to an Economic Times Intelligence Group study. The study cited 20 Indian corporations that achieved billion dollar sales or more, reflecting the countries resilience to the global downturn. It[…..]

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    Lawyer Required: Dezan Shira & Associates Mumbai Office

    Mar. 23 – Due to expansion within the practice, a qualified Indian lawyer is required urgently within the Dezan Shira & Associates Mumbai office, located in Bandra. The ideal candidate will be familiar with foreign direct investment laws into India, as well as possess a basic understanding of Indian taxes as relates to FDI. Fluency[…..]

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    Huge Oil Find in Rajasthan

    Mar. 23 – Sources from India’s Ministry of Petroleum and Natural Gas indicated that Cairn India has discovered massive new oil reserves in Rajasthan that could increase India’s domestic oil production by about 23 percent next year reports The Economic Times. The company is expected to make an official announcement shortly. Cairn India extracts oil[…..]

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    India to Open Nine US$1 Billion Road Projects for Bidding

    Mar. 23 – India is opening nine road projects worth more than US$1 billion each for bidding in the coming months in an effort to improve its underdeveloped infrastructure sector. India is one of the major emerging economies in the region with various untapped business opportunities for foreign investors. The upcoming road projects are expected[…..]

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    India to Release New FDI Policy by March 31

    Mar. 22 – Indian Commerce and Industry Minister Anand Sharma announced plans last week to develop India as one of the world’s leading manufacturing workshops with plans to soon release a new foreign investment policy directive at the end of the month to stimulate investment. Indian industry is dominated by the service sector and there[…..]

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    Advance Tax Collection Increases in Mumbai

    Mar. 22 – Advance tax collection for the January-March quarter in the Mumbai region was up by 3.5 percent compared to the same period last year, indicating better profits for corporate India despite the financial crisis. The Mumbai region contributes close to 40 percent of the total advance tax collections in India with the highest[…..]

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    India-China Investment, Trade and Tax Comparison Available for Complimentary Download

    Mar. 19 – 2point6billion.com has just produced a detailed comparison of Chinese and Indian investment structures for the foreign investor interested in the two countries. The report, which is available on the Asia Briefing Bookstore, details the procedural, operational and tax differences between Chinese and Indian representative, liaison, branch and project offices, as well as[…..]

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    India’s M&A Deals Surge

    Mar. 19 – Indian mergers and acquisition activity has surged in the last two months making 2010 a record year for  M&A activity. During the first two months of the year, M&A deals totaled to more than US$5 billion. A return to massive takeovers is set to happen when Indian mobile phone giant Bharti buys[…..]