Exports to top $200 Bn in 2008-09: Indian companies
Leaders of Indian industry are confident of
exports topping $200 billion in fiscal 2008-09 despite a strong rupee, says a survey.
India's external debt
rises to $200 Bn
India's external debt has jumped $10.3 billion in
the quarter ended Dec 31, 2007, to cross the $200 billion mark, due to short-term commercial
borrowings and short-term debt, the finance ministry said on Monday.
Raise FDI in defence manufacturing to
49 percent: Assocham
India ranks 44 as global retail destination
>>
TECHNOLOGY
Technology,
banking stocks under pressure in India
The Indian equities market opened in the red
Monday, tracking its global peers. In initial trade, technology and banking counters witnessed
selling pressure.
Witness deposition via videoconference acceptable in India
The use of videoconferencing facilities to take
depositions from witnesses is no longer an unusual event in Indian trial courts.
Unisys Global Services
India assessed at CMMI Maturity Level 5
Using the internet as a knowledge tool
>>
BUSINESS
Delhi Metro orders more trains from
Germany
The Delhi Metro system in India has increased its
order of mass-transit trains from Bombardier Transportation by 84 cars to a total of 424, the
German manufacturer said on Friday.
Tata Motors to invest $1.5 Bn in Pune facilities
Tata Motors will invest Rs.60 billion ($1.5
billion) in its existing plants in Pune for setting up vehicle testing facilities in the next four
to five years.
$2.5 Bn investment in Ghaziabad's infrastructure
'Mining has displaced 2.6 Mn people in India'
>> VENTURE NEWS
ITI banks on JVs for turnaround
In bid to reestablish itself in the country's
telecoms manufacturing space, the State-owned Indian Telephone Industries (ITI) is forging
alliances, reported The Economic Times.
Kotak arm raises $440 Mn for PE buys
Kotak Investment Advisors (KIAL) has raised $440
million in a fund to invest in private equity opportunities.
Solera Networks closes $5 Mn Financing
VC biggies to tide over liquidity crunch: NVP
>> OTHER
NEWS
Foreign investment in media sector
rises
In keeping with the Indian entertainment
industry's growing presence in the international market, foreign direct investment in this sector
went up to Rs.80 billion ($2 billion) in 2007.
Seafood exporters happy as export incentive stays
The crisis-hit seafood industry appears to have
heaved a sigh of relief as seafood exports did not come on the list of 50 items that have been
removed from a popular export incentive scheme.
With Nokia mobiles, Delhiites discover 'Soul of the Night'
Ferrari takes test drive on Kolkata roads
>> BLOGS
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