Other Briefings
Coke Wins in Landmark Indian Trademark Case
Oct. 22 – The Delhi High Court has asked the Indian conglomerate Bisleri International to halt the sale of their mango-flavored soft drink under the trade name Maaza in India, giving Coca-Cola a victory in a trademark case. The issue has been fought for more than a year now with the Delhi High Court allowing […]
India Inc. on Fundraising Spree; Raises US$9 Billion
Oct. 21 – India’s corporate sector has been able to raise US$9 billion through the sale of shares and convertible bonds to institutional buyers since April, and is expected to raise another US$15 billion in the next six months, reports The Economics Times. India Inc. is a common term used by the Indian media to […]
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 […]
