Other Briefings
Reliance Group Partners with U.S. Company for 3-D Movies
Dec. 9 – Major Indian conglomerate Reliance ADA Group will partner with a Los Angeles-based company to convert movies into 3-D in a US$40 million facility in Mumbai set to open in January. When it opens the facility will be the largest of its kind in the world also capable of post-production, visual effects and […]
India to Auction Off Radio, Internet Bandwidth Slots Next Year
Dec. 8 – The country’s Department of Telecommunications will hold an auction on January 14, 2010 to sell four slots of bandwidth for 3G phone services and three slots for broadband internet services. Bidding will start at INR35 billion or about US$758 million for a slot of 3G bandwidth and INR17.5 billion or US$378.8 million […]
Tata’s European Arm to Cut 1,700 Jobs
Dec. 7 – The European arm of India-based Tata Steel will in part shutdown its Teesside Cast Products (TCP) plant by the end of January leading to 1,700 job losses. Corus’ decision to slash jobs came after its international slab buyers canceled a 10-year contract to buy almost 80 percent of the plant’s production. Italian […]
Food Prices Increase by 17.5 Percent
Dec. 4 – This year’s poor monsoon has bumped average food prices in India by 17.5 percent according to government reports. A week ago the increase was pegged at 15.6 percent. This will leave the Reserve Bank of India no choice but to restrict money policy to curb inflation while also inevitably increasing interest rates. […]
New Highway Construction Increases Eight Fold
Nov. 26 – The Indian government is planning to establish a national expressway authority to oversee the construction of expressways Kamal Nath, the minister for road transport and highways, said at the International Construction Equipment and Construction Technology Fair in Bangalore. Mr. Nath said the establishment of the authority would require approval of legislation by […]
All-Electric Indica Set for 2011 Global Launch
Nov. 25 – Tata Motors is pushing to launch the electric version of its highly popular Indica in 2011, aiming at exploiting the growing market for eco-friendly cars. Tata Motors Managing Director (India operation) Prakash Telang said Tata would launch the electric Indica simultaneously in India and worldwide. “We will begin a feasibility study by […]
India Open to FTA with United States
Nov. 25 – Prime Minister Manmohan Singh said that India is willing to consider a free trade pact with the United States similar to the one it already has with Association of Southeast Asian Nations (ASEAN). “I don’t mind exploring the possibility for a free trade agreement with the United States,” Mr. Singh said during […]
India, United States Sign Agreements on Investment, IPR
Nov. 24 – India has signed agreements on traditional knowledge, intellectual property and investment promotion with the United States during Prime Minister Manmohan Singh’s first official state visit to the country. One of the first agreements signed is a Traditional Knowledge Digital Library (TDKL) Access between the Council of Scientific & Industrial Research (CSIR) and […]
