Other Briefings
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 […]
Report: No Client Should Exceed 10 Percent of Audit Firm Revenue
Nov. 30 – A corporate governance committee established by the Indian Industry (CII) said in a report that no corporate client or group should comprise more than 10 percent of an audit firm’s revenues. The recommendations are part of government efforts to prevent conflict of interest scenarios with the 10 percent limit applicable to earnings […]
United States is Largest Equities Investor in India
Nov. 26 – The United States is now India’s largest equity market investor with a net investment worth Rs 213,450,000,000 as of November 10. This represents a major shift for the United States when two years ago it was not even part of the top ten investors in the Indian stock market. Luxembourg and France […]
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’s Service Pact with ASEAN to be Finalized by 2010
Nov. 16 – The deadline for India and Association of Southeast Asian Nations (ASEAN) services trade liberalization agreement has been set for August 2010 to further expand its Free Trade Agreement (FTA) with the group. India’s FTA with the 10 member nations of the ASEAN will be implemented on January 1, 2010 and would result […]
Stapled Chinese Visas Not Valid for Travel
Nov. 13 – India’s Foreign Ministry has announced that stapled Chinese visas for Indian travelers will not be allowed to exit the country and advises applicants to verify how their visas will be attached. Some Chinese embassies and consulates have continued to issue stapled visas for Indians coming from Arunachal Pradesh, Jammu and Kashmir despite […]
Will India Win Gold at the 2010 Commonwealth Games?
By Shirley Liu and Seema Rani Bhende NEW DELHI, Nov. 4 – With the start of the Commonwealth Games 2010 less than a year away, questions continue to be asked if India is truly up to the challenge. Over the last several months, there have been mounting concerns from reporters and Commonwealth Games officials that […]
India Poor in AsiaPac Sales Effectiveness
Nov. 4 – A survey by corporate performance improvement solutions provider Grass Roots Group has indicated there is a room for improvement across all aspects of sales effectiveness in India compared to its regional counterparts. “India’s overall sales effectiveness rated significantly below the regional average. Tremendous opportunity exists for stronger engagement between the Brand and […]
