Other Briefings
India to Issue New Discussion Papers on FDI Policy
Apr. 26 – India is set to release six discussion papers related to foreign direct investment policy next month with a possibility that it may include a paper on reforming India’s retail sector. “We will bring out discussion papers and invite suggestion from the public,” Secretary Department of Industrial Policy and Promotion (DIPP) R.P. Singh […]
Ford to Expand Figo Car Production in India
Apr. 23 – Ford plans to expand production of the Figo compact car in its Chennai plant in response to strong consumer demand. The American car company is planning to add 700 more people to its workforce. “We do need to ramp up production to cope with the increasing demand for Figo and so we […]
India to Impose Minimum 25 Percent Public Holding Rule for Listed Companies
Apr. 23 – India’s Ministry of Finance said that it will likely implement a minimum 25 percent public holding rule for all listed companies next month. Currently, only future public issues are required to follow the 25 percent rule but now existing listed companies may be asked to comply as well. The minimum public holding […]
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 […]
India Raises Interest Rates
Apr. 21 – India’s central bank raised interest rates for the second time in a month to curb double-digit inflation spurred on by the economic stimulus plan. Inflation rates rose to 9.9 percent in March compared to 0.5 percent in September, the highest rate in 17 months. The Reserve Bank of India raised the repo […]
India to Seek Tax Avoidance Agreements with Nine Territories
Apr. 20 – India is considering negotiating tax treaties in nine territories to help curb tax avoidance. The nine identified territories include: Cayman Islands; Bermuda; British Virgin Islands; Gibraltar, all British overseas territories; Guernsey; Isle of Man; Jersey, all British crown dependencies; Netherlands Antilles, an autonomous part of the Kingdom of Netherlands; and Macau, a […]
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 […]
India Blocks Entry of Foreign For-Profit Universities
Apr. 15 – One of the restrictions of India’s newest Foreign Education Providers Bill will block the entry of foreign for-profit universities in the country. Last month, the cabinet approved the Foreign Education Providers Bill that would allow foreign universities to establish campuses in India. The bill also restricts foreign universities from repatriating money to […]
