Other Briefings
Indian Banking Sector to Release New Guidelines on Banking Licenses
RBI will soon introduce a new set of guidelines for differentiated banks and invite applications for banking licences.
Reforming India’s Troubled Banking Sector
In a speech last week, Raghuram Rajan, Governor of the Reserve Bank of India, identified and discussed various structural problems that exist under the status quo, and described the Indian banking sector as on “the cusp of revolutionary change.”
Airlines Upgrading Quality for Boom in Indian International Travel
India is now one of the fastest growing markets for international travel, and to woo the new breed of Indian middle class consumer, international airlines are upgrading their plans for the country.
AirAsia Receives Air Operator’s License in India
AirAsia India, a joint-venture airline with investors from Malaysia and India, received approval from the Directorate General of Civil Aviation to begin commercial operations in India next week.
Foreign Auto Component Manufacturers Begin Increasing Production in India
In a further sign that industry and manufacturing across Asia is migrating to India, European auto component manufacturer Brose has announced it will continue diverting more funds to the country after doubling the manufacturing capacity of its Pune plant.
Madras High Court Orders Private Hearing for Nokia Tax Case
India’s Madras High Court has asked the Tamil Nadu sales tax department to reconsider its nearly US$400 million claim against Nokia India and offer the company an individual hearing.
Amazon, Walmart Lobby for E-Commerce FDI in India
According to its latest lobbying disclosure report filed with the U.S. Senate, Amazon.com Inc. and its group entity Amazon Corporate LLC lobbied for “foreign direct investment in India” among other issues last quarter.While Amazon and its group entities have openly discussed engaging with the Indian government on the relaxation of FDI in e-commerce, this is the first time the firm has included the issue in a U.S. lobbying disclosure report.
Competition in India’s E-Commerce Market Intensifies Amidst Elections
Online retail giant Amazon.com has announced it is now selling clothing and accessories on its India website alongside the introduction of new streamlined delivery initiatives, raising the stakes for other online retailers vying to capture a larger share of India’s growing e-commerce market.
