Other Briefings
New Bill to Bring Greater Regulation to Real Estate Sector
India’s Union Cabinet passed the Real Estate (Regulation and Development) Bill 2013 this week that will put into effect a uniform regulatory system for real estate developers.
Key Sectors for FDI in India: Manufacturing and Energy
May 28 – India is considered a foreign direct investment (FDI) “hot spot” and has seen FDI increase by 500 percent in the past decade. FDI reached US$33 billion during the 2012-13 fiscal year with India’s Finance Minister saying that the country is capable of handling as much as US$50 billion per year in FDI […]
Hilton, Starbucks Add to Their India Portfolio
May 14 – Looking to further break into the Indian market, Hilton Hotels has committed to expand its mid-market and luxury brands in the country. Hilton, which already has established various hotels in India, recently acquired an additional number of properties on which it looks to open up and develop hotels for its luxury brand, […]
Indian IT Companies Double Global Market Share
Mar. 27 – A report by Indian Brokerage Firm Angel Broking states that Indian IT outsourcers have doubled their share in total worldwide IT spending over the past six years. Furthermore, the larger Indian IT companies have performed better than other global players in the same period. In 2007, India’s IT companies accounted for US$31 […]
Mumbai to Open Second Airport Terminal in September
Mar. 21 – Mumbai International Airport (MIAL), currently handling approximately 30 million passengers per annum, is set to open its new Terminal 2 (T2) in September in a move that has been described as a “game changer” in regional aviation. Mumbai , currently the worlds 44th most busy airport, will be adding another 21,000 square […]
Volvo Targeting India’s Luxury Market
Mar. 19 – In a strategic move that underlines the dawning recognition of India’s growing wealth, the auto manufacturer Volvo, owned by Geely of China, is preparing a long term strategy for the Indian market which will concentrate on luxury cars. In a statement to news agency PTI, Volvo Auto India MD Tomas Ernberg said the […]
Using Video Conference for Board and General Meetings in India
By Gunjan Sinha, Associate, Business Advisory Services, Dezan Shira & Associates Mar. 11 – With the advent of high-capacity broadband telecommunication systems in India, along with constantly evolving computer processors and video compression techniques, video conferencing has become a regular and popular feature for businesses across the country. The regular use of video-conferencing has lead […]
AirAsia To Enter India’s Newly Liberalized Aviation Sector
Feb. 22 – AirAsia, Southeast Asia’s largest budget airline, is set to enter the Indian market in a joint venture (JV) with India’s Tata Group and Telestra. This marks the Tata Group’s first enterprise in the aviation industry since the 1930s. India liberalized its civil aviation sector to foreign investment last September, and this has […]
