Other Briefings
India Forecast to Become Largest Direct-to-Home Market by 2012
Apr. 22 – India is forecast to become the biggest direct-to-home market globally by 2012, based on an annual study made by information services provider Media Partners Asia (MPA). The Indian market is expected to surpass the U.S. market in terms of size with its projected subscriber base expanding from 17 million last year to […]
3G License Bidding Reaches US$1.36 Billion
Apr. 20 – On the eighth day of India’s ongoing auction of third generation (3G) licenses, bids increased by an estimated 73 percent from the original base price set by the government to Rs.60.7 billion, or about US$1.36 billion. “Earlier, I said the auction could fetch Rs. 30,000-35,000 crore, but now I am optimistic that […]
The Wealth Report: Mumbai and Delhi Represent ‘Significant Investor Promise’
Apr. 15 – The Mumbai and New Delhi realty markets hold a significant level of promise for potential investors, says Knight Frank’s The Wealth Report 2010. The report forecasts trends and identifies areas of growth in global prime residential property and wealth. Moreover, it provides insight to the attitudes of the wealthy towards property and […]
Monorail Manufacturers Concentrate on India’s Infrastructure Boom
Apr. 12 – As the Indian economy develops, the need for massive improvements in its transportation network also increases. With Mumbai’s first monorail service about to be launched and those familiar street level cantilevered rail lines now weaving their way above the city’s roads, other places in the country have already started taking notice. All […]
India Reconsidering FDI in Multi-Brand Retail, Hamleys Moves In
Apr. 12 – India is considering opening multi-brand retail to more foreign direct investment with the Department of Industrial Policy and Promotion (DIPP) in talks with the Finance and Agricultural Ministry on the issue. “The move to open up retail sector is part of the government’s strategy to plug gaps in the existing food supply […]
Standard Chartered to Raise US$500 Million in Mumbai Listing
Mar. 31 – Standard Chartered Bank is poised to obtain the first foreign company listing in India with its submission of a draft prospectus to the Indian Stock Exchange. The bank aims to raise US$500 million through issuance of the first Indian Depository Receipt (IDR), a move which will allow Indian investors to buy into […]
India Clears FDI Proposals Worth More Than US$510 Million
Mar. 30 – The government has cleared 23 foreign direct investment proposals amounting to more than Rs.23.25 billion, or about US$510 million. The highest FDI proposals came from broadband services provider Tikona Digital Network followed by components maker Bharat Forge and medical device maker Opto Circuits. “The Union Government has approved 23 FDI proposals amounting […]
Huge Oil Find in Rajasthan
Mar. 23 – Sources from India’s Ministry of Petroleum and Natural Gas indicated that Cairn India has discovered massive new oil reserves in Rajasthan that could increase India’s domestic oil production by about 23 percent next year reports The Economic Times. The company is expected to make an official announcement shortly. Cairn India extracts oil […]
