Other Briefings
Indian M&A Trends Report Out Now
May 25 – Cross-border business development agency, Dynamic Orbits, has released their April M&A Trends Overview for India. According to the report, the Indian economy is faring better than expected and appears to have largely absorbed the negative aspects of the global financial crisis, partially because exports account for just 18 percent of its GDP. […]
Congress Party Gets Tough with Coalition Partners
May 23 – In signs that the newly elected Congress Party is now in a position to properly govern in the manner it sees fit, party leaders have rejected demands by the strong allied party DMK for ministerial seats in return for coalition support. Although Congress currently holds the most seats, it is 11 short […]
Manmohan, 19 Cabinet Members to be Sworn-In Today
May 22 – Prime Minister Manmohan Singh and 19 cabinet ministers will be sworn into office this evening. All 19 ministers will be given a cabinet rank, although their portfolios are yet to be determined, according to Indian Express. Among those that will be inducted to the Cabinet are Senior Congress leader Pranab Mukherjee, NCP […]
Vodafone’s Indian Subsidiary Accounts for 93 Percent of All New Users
May 21 – The British mobile network operator’s Indian subsidiary, Vodafone Essar, accounted for 93 percent of all new users worldwide, according to quarterly reports. Vodafone is the world’s largest cellular operator in terms of revenues with operations in over 30 countries. In the past quarter, 8.4 million new users joined the network with India […]
China is India’s Largest Import Source
May 21 – In the last two years, China has grown to become the largest source of India’s imports; forcing Indian authorities to implement anti-dumping measures. India has already filed 17 World Trade Organization anti-dumping cases against China beginning October 2008. It is imposing anti-dumping duties on Chinese imports to protect local industries from a […]
Larsen & Toubro, GE Hitachi to Build Nuclear Reactors
May 20 – Larsen & Toubro and GE Hitachi Nuclear Energy have agreed to an initial pact to build nuclear reactors in India. Larsen is a major Indian engineering and construction company while GE Hitachi is an energy partnership between GE Energy and Hitachi. The nuclear reactors will be built based on GE Hitachi’s boiling […]
New Government to Accelerate Reforms
May 19 – India’s Congress Party coalition majority win during the recently concluded elections is expected to hasten the implementation of much needed reforms in agriculture. One of these reforms includes cutting the export ban on certain commodities such as wheat and rice. Last week, Trade Secretary G.K. Pillai said wheat exports of up to […]
Indian Markets Up 20 Percent on Election Results
MUMBAI, May 19 – The Indian business community reacted strongly to the national election results yesterday, sending the primary Sensex up over 2,000 points to close at 14,284. In unparalleled scenes, the markets rose in just two minutes worth of trade before the exchange was forced to bring an end to the session as the […]
