Other Briefings
Indian Domestic Air Traffic Up 26% in August
Sept. 15 – Over 3.6 million passengers took to the skies across India last month in a 26 percent increase from the same period last year. According to the Times of India, this is the first time in 12 months that double digit growth has been recorded as all preceding months had seen decreases in […]
JP Morgan Strategist: India to ‘Overperform’ in 2010
Sept. 15 – Adrian Mowat, JPMorgan’s chief equity strategist for Asia and emerging markets says he expects a sharp recovery in world economic growth during an interview with The Economic Times. Mowat said that low interest rates would give a fillip to urban consumption, helping offset the impact of drought caused by the poor performance […]
India’s FDI Continues to Rise, Up by 56 Percent in July
Sept. 15 – Foreign direct investment inflow to India was US$3.5 billion in July, 56 percent higher than US$2.25 billion in the same month a year ago said Commerce and Industry Minister, Anand Sharma. The Hindu Business Line reports that the figure represents an increase of 36 percent over June which was in turn an […]
New Government Advisory Body to Ease Foreign Investment
Sept. 14 -The government has approved the non-profit company, Invest India, to promote foreign investment in the country, reports the Business Standard. The group will be a partnership between the Federation of Indian Chambers of Commerce and Industry (Ficci) and state government. Foreign direct investment to India has been growing despite the global slowdown with […]
Investment in Steel Growing Due to Strong Local Demand
Sept. 14 – India’s domestic demand for steel is expected to grow despite the global economic crisis with top steel companies ArcelorMittal and Posco pushing through plans for expanding production facilities. Demand for steel is rapidly increasing as the country’s infrastructure plans for roads, bridges and buildings takes off and domestic demand for vehicles continues […]
India’s Central Bank to Continue Reforms
Sept. 12 – India’s Central Bank governor assured that the bank will continue to work on implementing financial sector reforms. “There is a concern in some quarters that the crisis may have dented our enthusiasm for financial sector reforms. I believe that concern is misplaced. We will not slow down on reforms, but will surely […]
Wal-Mart Private Label Launched in India
Sept. 11- Bharti Retail has launched eight Wal-Mart private labels, including two of its largest, the ‘Great Value’ line of food and ‘George’ line of clothing, in its supermarket chain Easyday reports The Economic Times. The private store brands offer international design and packaging for the more discerning buyer at a lower cost. This is […]
Mercedes-Benz to Offer Localized Trucks
Sept. 11 – Mercedes-Benz’s Indian arm, Daimler India Commercial Vehicles, is tapping into the high potential of the Indian market by launching a localized range of small trucks by 2012 from its Chennai plant. Wilfried Aulbur, Mercedes-Benz India managing director and CEO, announced this after the launch of the Actros 4841K range of new trucks […]
