Tata Motors plans to export the world’s cheapest car—at a wallet-thanking US$3,000—to countries such as Thailand, Sri Lanka and Bangladesh this year as the small vehicle’s popularity begins to rebound in the domestic Indian market.
Jan. 25 – Some changes in portfolios, but nobody was dropped in India’s latest Cabinet reshuffle. After much speculation about whether there would be drastic changes, what Prime Minister Manmohan Singh seems to have implemented is a game of musical chairs. While some had speculated that the prime minister would use the shake-up to return[…..]
The Reserve Bank of India temporarily relaxed lending rules for bank loans to microfinance institutions, allowing banks to continue offering loans to the ailing sector. The RBI will, for a short period of time, permit banks to classify loans that might be delinquent as standard to introduce some liquidity into the industry.
Jan. 19 – In a recent ruling, the Delhi High Court upheld the enforcement of a decision made by the International Chamber of Commerce in Paris, a body that arbitrates disputes between international firms. The dispute was between the American firm Penn Racquet Sports and an Indian company, Mayor International Limited, and ICC’s decision awarding[…..]
Jan. 14 – The Indian government may issue new polices to only allow 49 percent foreign direct investment (FDI) into the country’s pharmaceutical market through the automatic avenue due to concerns that the increasing foreign market control may cause a price monopoly on drugs. Currently India allows 100 percent automatic FDI into the sector. An[…..]
Jan. 10 – India may be able to reduce its trade deficit this year following an optimistic performance of the country’s exports in December. India’s exports reported an annual increase of 36.4 percent last month, reaching a new 33-month high. The country exported US$22.5 billion worth of goods in December, while the monthly imports decreased[…..]
Jan. 5 – In a piece published on India Briefing last week, we discussed the suspension of Indian payments to Iran through the ACU (Asian Clearing Union). As a temporary fix, Iran has promised uninterrupted crude oil supply to India this month while India arranges its payments through a German bank based in Hamburg. A[…..]
Jan. 4 – The Indian government decided to lift the ban against sugar futures trading on December 27 as a result of a bumper cane crop during the year. The policy change comes at a time when prices of some commodities such as onions and other vegetables have surged in the country. A Bloomberg report[…..]