Other Briefings
Despite Blockage, Oil Continues to Flow Freely Between Iran and India
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 […]
India Resumes Sugar Futures Trading
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 […]
RBI Prevents Indian Companies from Transacting with Iran through the Asian Clearing Union
Dec. 29 — India’s central bank on Monday asked Indian importers to settle debts owed to Iranian firms in currencies other than the dollar and euro, presenting somewhat of a mixed picture for the future of Indo-Iranian relations. Since 1974, the two countries have conducted a majority of their trade through a clearing house called […]
Indian Employees May See Salary Hikes Next Year
Dec. 20 – A 2011 Times of India (TOI) salary level survey conducted by talking to multiple major HR consultancy companies forecasts salary growth in India next year to increase at a similar rate to what the country experienced in 2007, the time before the financial crisis. Most HR consultancy firms believe an 8 percent […]
India and China Call for More Banking Presence in Each Other’s Countries
Dec. 17 – The China Banking Regulatory Commission and the Reserve Bank of India signed a memorandum of understanding (MoU) on December 16, the second day of Chinese Premier Wen Jiabao’s visit to India, in order to spur on more mutual banking presence as well as financial cooperation. A joint statement was also issued after […]
Private Equity Sees Opportunity in India’s Green-Tech Industry
Dec. 16 – Northern Lights Capital Group, a U.S.-based private equity firm, announced today that it invested in Nereus Capital, a private equity firm specifically targeting renewable energy opportunities in India. Terms of the transaction were left undisclosed. “Among emerging markets, India is one of the most attractive places to deploy private equity capital,” Managing […]
Car Part Manufacturers in India Enhance Capacity
Investment of up to US$3 billion is needed over the next decade to turn out engine, suspension and braking parts, and drive transmission and steering components, meeting projected demand. Dec. 14 – Coming off a particularly strong year, Indian suppliers of automotive parts are boosting their manufacturing capability to respond to rising orders at home […]
Bill to Allow Options Trading, Commodity Derivatives Introduced
Dec. 7 –The Minister of State for Agriculture K.V. Thomas introduced in Lok Sabha on Monday a new bill that would allow trading in options in goods and would likely lead to the development of new commodity derivatives that will provide a wider set of opportunities to investors for risk management. The bill would also […]
