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Asia Promises High Growth
The Asian countries, especially China and India, are expected to account for 40% of growth in the auto industry over the next five to seven years being the rapidly growing economies Read More
National Ambulance Code Approved by Ministry of Road Transport & Highways Code Provides for Minimum Standards and Guidelines for Ambulances
In a major step towards improving the quality and safety of ambulances on Indian roads, National Ambulance Code AIS:125 (Automotive Industry Standard) recommended by Central Motor Vehicles Rules-Technical Standing Committee (CMVR-TSC) has been approved by the Ministry of Road Transport & Highways Read More
India should not delay enacting a Privacy Act
India should not delay enacting a Privacy Act – Three things need to happen in case India is ever to have a reasonable chance at a decent privacy law. One, citizen awareness and activism have to assume a much higher level than what prevails now. Two, public representatives—legislators, especially in Parliament—have to realize that privacy is a right that is at par with other rights and should not be trampled at will. Finally, at an appropriate juncture, the higher judiciary should take a look at the issue carefully once again. Continuous judicial scrutiny of the government is, for now, the only viable option to check abuses of privacy. Read More
Kapil Sibal to meet telecom firm owners to end litigation
India’s communications minister Kapil Sibal said he has called for a meeting with owners of mobile-phone companies to help resolve law suits that’s resulted in a 95% drop in overseas investment in the sector Read More
Fortum Buys India Solar Plant, Plans More Investment
Fortum Oyj (FUM1V), Finland’s largest power utility, has bought a 5-megawatt solar power plant in India, where it plans further investments. The company acquired a photovoltaic plant that was completed in northwestern Rajasthan state in February last Read More
Khurshid seeks Norway funds for India’s infrastructure sector
India is looking to get Norway invest some of its $700 billion sovereign funds into its infrastructure sector, a foreign ministry spokesman said on Tuesday, as external affairs minister Salman Khurshid began a three-day visit to the Scandinavian country Read More
Intelligent Energy inks partnership to take fuel cells into Indian telco market
tUK fuel cell developer Intelligent Energy could be on the brink of opening up a major new market for its technology, after inking an agreement with Microqual Techno Limited to explore the use of fuel cells in the fast expanding Indian Read MoreRead More
CII leads biz delegation to UK
Indian Industry chamber CII lead a CEOs delegation to London, met UK Secretary of State for Business, Innovation and Skills Vince Cable and discussed various areas of collaboration. The two sides discussed various sectors of collaboration, including advanced manufacturing, innovation and R&D and small and medium enterprises connectivity Read More
Government Issues Clarification on FDI Policy for Multi-Brand Retail Trading
The Ministry of Commerce and Industry, Government of India, has issued a statement clarifying certain points related to 50 percent investment in back-end infrastructure under its foreign direct investment (FDI) policy on multi-brand retail trading (MBRT) Read More
India Said to Plan Higher FDI Caps for Telecom, Defense Firms
India plans to eliminate the cap on foreign-direct investment in telecommunications and raise the limit in defense to lure funds and boost the rupee, two Finance Ministry officials with direct knowledge of the matter said. Read More