Other Briefings
Toshiba Announces Joint Venture Deal with JSW Group
Jul. 9 – Japanese tech company, Toshiba, has agreed to a joint venture deal with JSW Group to build a US$160 million power equipment manufacturing plant in the country’s southern Chennai City, Tamil Nadu within five years. The JSW Group is under the O. P. Jindal Group and manages businesses in steel, energy, mining, aluminum, […]
India Unveils Union Budget
Jul. 7 – India released the budget for the fiscal 2009-10 yesterday at Parliament in a speech by Union Finance Minister, Pranab Mukherjee. The speech focused on funding projects that would improve the country’s infrastructure. India Infrastructure Finance Company and banks would commit to extend funding for Public Private Partnership (PPP) projects in the next […]
IT Tax Benefits May be Extended for a Year
Jul. 2 – The government may extend tax exemptions to March 31, 2010 for the exports earnings of information technology units doing business in the Software Technology Parks of India (STPI) in a bid to help the country’s sliding export market. According to the Times of India, IT businesses working in the STPI have been […]
Short Eats: July 1
Jul. 1 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies. Power Tariffs set to Increase in Bangalore Power tariffs are set to rise by as much as 20 percent for all categories of consumers in Bangalore if the Karnataka Electricity Regulatory Commission (KERC) approves a […]
First Sea Bridge Now Open in Mumbai
Jul. 1 – India’s first open sea one was inaugurated last Tuesday by ruling Congress party chief Sonia Gandhi. The Bandra-Worli Sea Link is named after Ms. Gandhi’s deceased husband and former prime minister Rajiv Gandhi. It is the country’s longest bridge at 5.6 kilometers with an eight-lane capacity that shortens time between Bandra and […]
Air India to Restructure into a Low-Fare Carrier
Jun. 25 – India’s national carrier, Air India (AI), may restructure to become a low-cost carrier as a condition for a government bailout. “AI’s restructuring plan along with the request for equity infusion-cum-loan has to be submitted to them within a month. Unless a series of measures are taken to improve the airline, it will […]
India Enters Deflation for the First Time in 30 Years
Jun. 19 – For the first time in 30 years, India’s wholesale price index dropped by 1.6 percent, slipping the economy into a statistical deflation. India’s wholesale prices levels declined during the week ending June 6. During the previous week, prices increased by 0.13 percent. The wholesale price index monitors cost-of-living indicators. Industry insiders and […]
Short Eats: June 16
Jun. 16 – Short Eats – a roundup of small tasty bites of Indian news straight from the nation’s dailies. Indian PM set to visit Yekaterinburg after 54 years The Indian Prime Minister Manmohan Singh is set to visit the central Russian city of Yekaterinburg in the coming days, the first time an India prime […]
