Other Briefings
Largest Exchange to Enter Indian Market
Apr. 15 – The largest exchange in the world, the Chicago Mercantile Exchange (CME), has held talks to possibly enter the Indian market through the purchase of equity stakes in the Indian exchanges. According to the Business Standard, CME has already talked with several Indian exchanges to purchase stakes. The group is also talking to […]
FDI Inflow Reaches US$25 Billion
Apr. 13 – Foreign direct investment (FDI) to India for the fiscal year starting April 2008 to February 2009 amounted to US$25.38 billion; a higher figure compared against the previous year’s US$24.57 billion. Expansion remained active throughout the period despite the global credit crisis. During the crisis’ height, FDI flow to India from September to […]
Government Offers 70 Oil and Gas Exploration Blocks
Apr. 10 – In order to attract increased revenues into long term investments and reduce the burden of importing 75 percent of its annual crude oil requirements, the Indian government is stepping up oil and gas exploration to boost production.
India Among the Top 5 Developing Nations in Industrial Production
Apr. 8 – India’s annual growth rate of manufacturing value added (MVA) has risen from to 12.3 percent during 2005-2007 up from a MVA of 6.9 percent registered during 2000-2005 according to the International Yearbook of Industrial Statistics 2009 released by the United Nations Industrial Development Organization (UNIDO). The share of MVA’s in India’s GDP has risen from 13.8 percent in 2001 to 14.8 percent in 2006.
India Proposes Anti-Dumping Duty on Cold-Rolled Steel
Apr. 2 – India has increased the import duty on cold-rolled stainless steel, due to an excessive influx of under-priced stainless steel from China, the United States, the European Union, Japan, South Korea, Taiwan, South Africa and Thailand.
Organized Retail to Slowdown for 12-18 Months
Apr. 1 – As a fallout of reduced consumer confidence, the organized retail sector in India is expected not to grow as robustly as previously envisioned. A new KPMG report states that the growth in organized retail might falter over the next 12-18 months, whereby India will not achieve her 2012 target.
Foreign Banks Face Tough Entry / Expansion Route
Mar. 31 – Indian financial policymakers have decided to adopt a reciprocity model for allowing foreign banks to set up branches or subsidiaries in India. They will also want foreign banks to list on the Indian bourses in order to have a presence in the Indian market.
Singh Obama to meet at G20 Summit
Mar. 30 – American President Barack Obama and Indian Prime Minister Manmohan Singh will meet for the first time at the sidelines of the G20 summit in London on Thursday. The meeting will be the first for Obama and possibly the last for Singh whose political party is up for elections this May.
