Other Briefings
Nortel Opens Global Operations Center in Bangalore
May 18 – Nortel Networks opened its global network operations center in Bangalore to manage the networks of its carrier and enterprise customers in Europe, Asia and the Americas. This is the company’s fifth overseas network operations center. According to Suresh Kumar, Nortel Asia-Pacific vice president for managed service delivery, the company chose not to […]
Gov’t to Build National Gas Highway
May 14 – India’s oil ministry may build a national gas highway to bring a steady supply of natural gas across the country. Currently, gas pipelines are found mainly in the eastern and western regions while the southern, central and north-eastern regions are lacking. Expanding the pipeline should balance economic and regional growth. Funds for […]
LG to Expand Manufacturing in India
May 12 – Major Korean consumer electronic brand LG has plans to ramp up its manufacturing capacities and product exports from India for its global operations to cut on costs. LG India is looking at exporting products to mature markets eventually growing its exports from 15 percent of turnover to 30 percent by 2012. The […]
Jet Airways to Begin Low-Fare Domestic Service
May 8 – Jet Airways, India’s second-largest airline, is now offering cheaper tickets on selected domestic routes to attract business travelers. The new no-frills service called Jet Airways Konnect begins today with 19 routes. “It will be offered to 38 destinations where Jet Airways flies and where JetLite does not normally operate,” Chief Commercial Officer […]
Tax on Sedans, SUVs May Be Removed
May 6 – India’s Ministry of Heavy Industries is recommending that additional excise taxes on Sedans and SUVs like Ford Fiesta, Maruti SX4, Hyundai Verna, Honda Accord, Scorpio and Innova may be cut to boost demand in the auto industry. Last year, the government meted the additional excise duty of Rs 15,000 for vehicles above […]
Tata Motors Receives 203,000 Orders for Nano Car
May 5 – Indian truckmaker, Tata Motors, has received 203,000 orders for the world’s cheapest car, the Nano, worth close to 25 billion rupees or US$501 million. The number is overwhelming and more than double of what the Mumbai-based company projected. According to Tata Motors, the deliveries will begin in July until completion during the […]
India May Implement Anti-Dumping Duty for Auto Parts
May 4 – India may implement a provisional anti-dumping duty for imports of front axle beam and steering knuckles used to manufacture commercial vehicles as a precaution for the local industry against cheaper Chinese shipments entering the country. The duty would cost from US$0.50 per kg. to US$0.69 per kg. The Directorate General of Anti-dumping […]
India Approves 22 FDI Proposals
Apr. 28 – The Indian government has cleared 22 foreign direct investment proposals, including those of Yamaha and Nokia, worth Rs 541.25 crore. The proposals were approved by the Foreign Investment Promotion Board (FIPB) and include Nokia’s plan for a joint venture with HCL Infosystems for a single-brand retail to sell handsets and accessories worth […]
