Other Briefings
Coal India’s Breakup: Modi’s Trump Card?
According to government sources, Narendra Modi’s administration is currently on track to sell a 10 percent stake of Coal India Ltd. (CIL) in a landmark public offering later this year.
India Becomes Second Largest Textile Exporter
Overtaking Germany and Italy last year, India has emerged as the world’s second largest textile exporter behind China.
Indian Banking Sector to Release New Guidelines on Banking Licenses
RBI will soon introduce a new set of guidelines for differentiated banks and invite applications for banking licences.
Reforming India’s Troubled Banking Sector
In a speech last week, Raghuram Rajan, Governor of the Reserve Bank of India, identified and discussed various structural problems that exist under the status quo, and described the Indian banking sector as on “the cusp of revolutionary change.”
Airlines Upgrading Quality for Boom in Indian International Travel
India is now one of the fastest growing markets for international travel, and to woo the new breed of Indian middle class consumer, international airlines are upgrading their plans for the country.
AirAsia Receives Air Operator’s License in India
AirAsia India, a joint-venture airline with investors from Malaysia and India, received approval from the Directorate General of Civil Aviation to begin commercial operations in India next week.
Foreign Auto Component Manufacturers Begin Increasing Production in India
In a further sign that industry and manufacturing across Asia is migrating to India, European auto component manufacturer Brose has announced it will continue diverting more funds to the country after doubling the manufacturing capacity of its Pune plant.
Madras High Court Orders Private Hearing for Nokia Tax Case
India’s Madras High Court has asked the Tamil Nadu sales tax department to reconsider its nearly US$400 million claim against Nokia India and offer the company an individual hearing.
