Other Briefings
China’s Huawei to Double Revenues in India
Aug. 25 – Chinese equipment maker, Huawei Technologies, is aiming to double its Indian revenues to US$2.6 billion in 2009. This year, the company surpassed Alcatel-Lucent to become the third largest mobile network gear maker in the world. Huawei still has no manufacturing facility in the country but is working with all major telecom operators […]
India Risks Corporate Talent Deficit
Aug. 25 – Major auditing firm, Deloitte LLP, warned in a report that Indian companies may be headed for a talent deficit because the country is not producing enough graduates that meets corporate needs. The comment appeared in the report, ‘The New India Manager.’ Deloitte suggested that the new talent management model in companies should […]
Levi’s Introduce Monthly Payment Scheme For Jeans
Aug. 24 – The Levi Strauss jean company is introducing an interest-free monthly payment scheme in India to assist the local market gain access to its products. In moves echoing the microfinance scheme being implemented by Nokia customers will be able to purchase a pair of Levi’s priced at Rs1,599 (US$33) and pay for them […]
Nokia Using Microfinance To Sell Phones in Rural India
Aug. 21 – Nokia is looking to extend a pilot scheme that has been operating in 2,500 villages in the southern states of Andhra Pradesh and Karnataka to make it’s mobile phones more affordable to rural Indians. The company, which accounts for about half of all mobile handsets sold in India, has been using microfinance […]
No FDI in India’s Nuclear Power Sector
Aug. 21 – India’s Atomic Energy Commission (AEC) Chairman Dr. Anil Kakodkar has ruled out foreign direct investment (FDI) for establishing nuclear power stations in the country during an interview this week. Dr. Kakodkar was interviewed by web portal Asiannuclearpower.com saying that it will only allow FDI for manufacturing of nuclear equipment and construction plants […]
IFPRI:Failed Indian Monsoon Risks Raising World Food Prices
Aug. 20 – India has enough grain stocks to ride out a poor harvest, but the failure of the monsoon adds to global uncertainty about food and grain stocks, the head of the International Food Policy Research Institute (IFPRI) told Reuters yesterday. Director general, Joachim von Braun cautioned that uneven rainfall across India this summer […]
FDI Law May be Revised to Block Investment in Sensitive Sectors
Aug. 19 – The National Security Council has submitted a secret report suggesting revisions on the current FDI guidelines to allow the government to stop foreign mergers or takeovers of Indian companies that are considered damaging to national interest, reports The Economic Times. Under the proposed National Security Exception Act foreign investment in sensitive sectors […]
India to Unveil New Foreign Trade Policy
Aug. 18 – India’s Commerce and Industry Minister Anand Sharma recently met with Finance Minister Pranab Mukherjee to discuss the details of the new five-year foreign trade policy (FTP) to be unveiled on August 27. The new FTP is expected to help exporters struggling with the recession in their traditional markets in the United States […]
