Other Briefings
E-Conferencing Opens to 100 Percent FDI
Oct. 21 – The Indian government has decided to allow foreign investors full ownership of firms providing tele-conferencing and web-conferencing services, where previously foreign companies were allowed to hold only up to 74 percent. The Economic Times reports that India has decided to allow full foreign ownership in one of the growing sub-sectors of the […]
Increased Iron Ore Handling Facilities at New Mangalore Port
Oct. 20 – The New Mangalore Port Trust (NMPT) has signed an agreement with Sical Iron Ore Terminal (Mangalore) Ltd., a subsidiary of the Chennai-based Sical Logistics to set up mechanized iron ore handling facility. The port has been handling iron ore fines in 2003 and volumes have been increasing steadily since then. Last year, […]
Darjeeling Tea Obtaining European GI Mark
Oct. 16 – The Indian government’s application for a geographical indication mark for Darjeeling Tea is coming to a close, with the European Commission expected to recognize it within the next six months. Geographical indication marks are a type of intellectual property mark that recognizes a specific region only as the name for a particular […]
Indian Air Traffic Up 30.8 Percent in September
Oct. 16 – In another sign of India’s emerging from the global downturn, and a signal of a now booming Indian economy, domestic air travel in the country grew by 30.8 percent in September over the same figures last year. Over 3.5million fliers took to the skies last month, itself the fourth consecutive month that […]
Tata Motors Reaches US$600 Million Target in Less Than An Hour
Oct. 12 – Top Indian auto manufacturer, Tata Motors, decision to offer global depository issues and convertible bonds to help pay for debt incurred from purchasing Jaguar and Land Rover was met with enthusiasm when its initial fund-raising target of US$600 million was reached in less than an hour. Due to the positive response, the […]
Indian-Born Venkatraman Ramakrishnan wins Nobel Prize for Chemistry
Oct. 9 – Venkatraman Ramakrishnan, a senior scientist at the MRC Laboratory of Molecular Biology in Cambridge, has won the 2009 Nobel Prize in Chemistry for his study of ribosomes. The prize awards studies of one of life’s core processes: the ribosome’s translation of DNA information into life. Ribosomes produce proteins, which in turn control […]
Audi Predicts India will be Fifth-Largest Market by 2015
Oct. 9 – German luxury car maker Audi’s Managing Director for India, Benoit Tiers, predicts that India will be the fifth-largest market by 2015 and that company sales will grow by 80 percent. In an interview with The Economic Times, Tiers downplayed his growth projections by saying the company wants to be profitable rather than […]
GE to Combine Healthcare Units in India Under Joint Venture
Oct. 9 – General Electric (GE) is stepping up efforts to develop its global healthcare business by combining all its healthcare units in India as well the rest of the Asian region under its Wipro GE Healthcare joint venture. The Hindu reports that the plans will consolidate the company’s business and manufacturing units GE Healthcare […]
