Other Briefings
China’s Huawei to Double Revenues in India
Aug. 25 – Chinese equipment maker, Huawei Technologies, is aiming to double its Indian revenues to US$2.6 billion in 2009. This year, the company surpassed Alcatel-Lucent to become the third largest mobile network gear maker in the world. Huawei still has no manufacturing facility in the country but is working with all major telecom operators […]
Nokia Using Microfinance To Sell Phones in Rural India
Aug. 21 – Nokia is looking to extend a pilot scheme that has been operating in 2,500 villages in the southern states of Andhra Pradesh and Karnataka to make it’s mobile phones more affordable to rural Indians. The company, which accounts for about half of all mobile handsets sold in India, has been using microfinance […]
FDI Law May be Revised to Block Investment in Sensitive Sectors
Aug. 19 – The National Security Council has submitted a secret report suggesting revisions on the current FDI guidelines to allow the government to stop foreign mergers or takeovers of Indian companies that are considered damaging to national interest, reports The Economic Times. Under the proposed National Security Exception Act foreign investment in sensitive sectors […]
Ford India Begins Bulk Export of Cars from Chennai
Aug. 18 – Ford India has begun exporting cars in bulk from Chennai for the first time; exporting 158 units through Chennai port to Durban, South Africa. The company plans to export more models. According to the Society of Indian Automobile Manufacturers, data, Ford India between April and June produced 6,752 cars, of which 219 […]
After IT, India to Become Pharma R&D Hub
Aug. 11 – India is expected to become a pharmaceutical research and development (R&D) hub in the next decade with the Department of Pharmaceuticals planning a road map for India to be a global player in the industry by 2020. The plan is called Vision 2020. The department also plans to create a job of […]
Income Tax Department Wants Hong Kong Included in Tax Pact with China
Aug. 10 – India’s Income Tax Department wants its tax agreement with China to include Hong Kong SAR, to pursue a pending tax plea on Hutchison Telecommunications International (HTIL) when it sold its Indian conglomerate Hutchison-Essar to Vodafone for US$11.1 billion in 2007. The government department is demanding US$1.7 billion tax on the deal. “HTIL […]
Airport Authority of India to be Converted into a Public Company
Aug. 5 – The Civil Aviation Ministry of India plans to convert the Airport Authority of Indian (AAI) into a public company as a way of raising funds. The ministry will amend the laws contained in Airport Authority of India Act, the principal act governing various airports in India. By converting the AAI into a […]
ICICI to Collect Credit Card Debt as Salary Deductions
Jul. 27 – India’s largest private sector lender, ICICI Bank, has announced that it will soon be allowed to request companies to deduct money from an employee’s salary to cover credit card debts. The new terms and conditions of banking with ICICI are effective starting July 23 and and is expected to be adopted by […]
