Other Briefings
U.S.-India M&A Deals Spike in November
Dec. 2 – U.S. companies are stepping up their acquisitions of Indian companies, and Indian firms are also becoming more aggressive as they seek to gain access to the U.S. market through merger and acquisition deals. November alone had seven India-bound M&A transactions from the United States and three U.S.-bound acquisitions from India, with most […]
Indian GDP Growth Hovers Around 9 Percent for Second Straight Quarter
Dec. 1 – New gross domestic product figures released by the Central Statistical Organization on Tuesday show that the Indian economy is continuing to expand at a blistering pace despite a slow global economy. At 8.9 percent for a second quarter in a row, the economy may well achieve IMF estimates of over 9.7 percent […]
India Grants Clearance for Indo-French Nuclear Power Plant
Nov. 29 – India on Sunday granted environmental clearance for a nuclear power plant to be built in collaboration with French firm Areva, days before President Nicolas Sarkozy’s visit to New Delhi. Environmental Minister Jairam Ramesh gave the go-ahead for the plant, which will be built in Jaitapur, Maharahstra, and will use nuclear reactors supplied […]
Indian firms Mahindra & Mahindra, Coal India Seek to Go Abroad
Nov. 24 – As recent news is focused on Chinese companies gobbling up foreign firms and assets, two Indian firms, Mahindra & Mahindra and Coal India have also been on the lookout for lucrative assets and market access in faraway places. Today saw the signing of a definite agreement by Mahindra & Mahindra, a leading […]
India Sees 40% Rise in September FDI Inflows
Nov. 19 – Bucking a three-month trend of declining foreign direct investment inflows, India received US$2.11 billion in FDI in September, good for a 40 percent rise over the same month last year, according to an official from the industry ministry. Mauritius, the United States, the United Kingdom, Singapore, the Netherlands and Japan made the […]
Maharashtra and NCR Take in Over 50% of India’s FDI Inflows
Nov. 18 – Over half of the foreign direct investment coming into India from April through August went to the eastern state of Maharashtra and the National Capital Region (NCR), according to recently released data from the commerce and industry ministry. Maharashtra, India’s richest state and home of the nation’s financial capital Mumbai, was the […]
Sharma: FTA with Africa Next Logical Step for India
Nov. 17 – Indian Minister of Commerce and Industry Anand Sharma believes that the relationship between India and Africa will be the defining partnership of the 21st Century and stated that an FTA with different regions on the continent would be the next logical step during the India Economic Summit in New Delhi on Tuesday. […]
India’s Food Inflation Drops to One-Year Low
Nov. 11 – India’s food inflation, as measured by the wholesale price index (WPI), slowed to 12.3 percent for the week ending October 30, according to official data released by the Ministry of Commerce on Thursday. The new rate is an improvement over the 12.85 percent reported the week prior and marks the fourth straight […]
