Other Briefings
Air India Considers 15-Day Flight Suspension Due to Protests
Sept. 29 – State-owned Air India may consider suspending airline operations for 15 days after protests over pay issues reached a standstill. The Economic Times reported that about 40 Air India flights were canceled on Saturday when scores of executive pilots reported sick in protest of the airline’s decision to cut performance incentives by 50 […]
Fears Grow Over Preparations for Commonwealth Games
Sept. 22 – The Commonwealth Games Federation President Michael Fennell has been quoted in The Times of India as saying that he would seek Prime Minister Manmohan Singh’s intervention to try and save the Games from becoming a fiasco. Fennell sent a letter to the executive board of the organizing committee saying that the event […]
New Tariff Rules Announced for Renewable Energy Industry
Sept. 18 – India’s Central Electricity Regulatory Commission (CERC) has announced a new tariff regime aimed at encouraging more investment in the renewable energy sector. The new tariff regime will offer 19 percent pre-tax return on investment in new projects for the first 10 years and 23 percent in the subsequent period says The Economic […]
Investment in Steel Growing Due to Strong Local Demand
Sept. 14 – India’s domestic demand for steel is expected to grow despite the global economic crisis with top steel companies ArcelorMittal and Posco pushing through plans for expanding production facilities. Demand for steel is rapidly increasing as the country’s infrastructure plans for roads, bridges and buildings takes off and domestic demand for vehicles continues […]
India’s Central Bank to Continue Reforms
Sept. 12 – India’s Central Bank governor assured that the bank will continue to work on implementing financial sector reforms. “There is a concern in some quarters that the crisis may have dented our enthusiasm for financial sector reforms. I believe that concern is misplaced. We will not slow down on reforms, but will surely […]
Mercedes-Benz to Offer Localized Trucks
Sept. 11 – Mercedes-Benz’s Indian arm, Daimler India Commercial Vehicles, is tapping into the high potential of the Indian market by launching a localized range of small trucks by 2012 from its Chennai plant. Wilfried Aulbur, Mercedes-Benz India managing director and CEO, announced this after the launch of the Actros 4841K range of new trucks […]
Swissotel Enters Indian Market Via Kolkata
Sept. 10 -The Zurich-based international hotel group, Swissotel Hotels & Resorts, recently announced their plans to enter India through a management contract with the Ambuja Group which is setting up a 147-room hotel at Rajarhat township, east of Kolkata. Meinhard Huck, the Swissotel president and company head, was quoted in The Hindu as saying “The […]
Suzuki to Invest US$215 Million on New Factory in Haryana
Sept. 7 – Japanese automaker, Suzuki Motors, has announced plans to invest US$215 million for a new car factory in India by 2011 with a yearly capacity of 250,000 cars. Suzuki wants to maintain its 50 percent market share in the face of rising competition from other automakers reports Reuters. The new Suzuki plant will […]
