Asian Lite News Archive

Category: Investment

  • Jaitley avoids a ‘big bang’ budget

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    By Arvind Padmanabhan    Falling just short of big bang reforms called for by his own economic survey, Finance Minister Arun Jaitley Saturday presented a Rs.17.78 lakh crore (nearly $300 billion) national budget for the next fiscal that seeks to put more money in the hands of the average citizen, tackle the menace of black money…

  • Obama committed to boosting trade with India

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    By Arun Kumar  Asserting that President Barack Obama was committed to boosting India-US trade ties, the US has suggested that they work together in a way that benefits the economies and job creation in both countries. “There is an opportunity for us to try to advance the interests of both our countries by working together…

  • India seeks global investment in aerospace

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    By Fakir Balaji  Taking up the Narendra Modi government’s ‘Make in India’ campaign avidly, the defence ministry is pulling all stops to ensure global firms invest in the fledgling aerospace industry so it can reduce imports and achieve self-reliance. “In line with the government’s policy to promote greater indigenisation in the defence sector, the thrust…

  • US to support reforms in India

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      US Treasury Secretary Jacob J. Lew expressed his country’s commitment to support growth and reforms in India and encourage greater opening of the Indian economy to US firms. “I hope we can work together to deepen capital markets to unlock domestic resources and welcome foreign investment into India, strengthen financial regulatory reform, improve our…

  • Iran ready for more business with India

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    Iran is committed to its good bilateral ties with India and is ready to cooperate more closely with the Indian private sector, Iranian President Hassan Rouhani said. In a meeting with visiting Indian National Security Advisor Ajit Kumar Doval, the president said Tehran welcomed further expansion of cooperation with New Delhi, which strengthens peace and…

  • US looking forward to Obama visit

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    US corporate honchos are looking forward to President Barack Obama’s visit to India to understand market accessibility after the BJP-led government came to power, an Assocham CEOs’ survey in India and the US, released here, said. The industry chamber said the survey was done between Jan 6 and Jan 16 among major Indian corporates and…

  • Twitter buys Indian startup ZipDial

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    Microblogging site Twitter has acquired Indian startup ZipDial, a mobile value added services company based out of Bangalore, a statement by Twitter said here. The statement added this is Twitter’s first ever acquisition in India. However, the deal size has not been mentioned. ZipDial has built a mobile platform that lets people follow and engage…

  • The mirage of defence indigenisation

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    By Avishek Rakshit  While the hike in defence sector FDI to 49 percent and the ‘Make in India’ campaign have opened up newer possibilities for both indigenised equipment makers and joint ventures with foreign partners in the defence segment, the MSMEs are hamstrung by their inability to meet defence tender parameters and shortcomings in technology…

  • Indian economy to grow by 7% in 2016: WB

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    By Arul Louis   Helped along by falling oil prices and by lower interest rates in developed countries, India’s economy is expected to grow by seven percent next year and these two factors can be a game-changer if the nation were to seize the opportunity to implement fiscal and structural reforms, World Bank Chief Economist Kaushik…

  • India and Britain, making great things together

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    Prime Ministers Narendra Modi and David Cameron jointly welcome the launch of the GREAT Collaborations campaign between the UK & India. In response to Prime Minister Narendra Modi’s call to the world to Make in India, the UK is launching a campaign to celebrate and inspire GREAT Collaborations between the UK and India. The campaign…

  • JLR to create 1,300 UK jobs

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    Jaguar Land Rover says it will create 1,300 new jobs to build Jaguar’s first sports utility vehicle (SUV) at its Solihull plant in the West Midlands. The firm has already invested £1.5bn in the Solihull plant to enable it to increase production, and it said its workforce there had almost doubled over the past three…

  • India is a land of opportunities:Modi

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    By Jaideep Sarin  Prime Minister Narendra Modi said that his government was trying to revive the economy, and told global investors that India today was a land of opportunities. “In a short span of seven months, we have been able to change the atmosphere of despair and uncertainty,” Modi told the seventh Vibrant Gujarat summit…

  • Kerry to focus on economic issues in India

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      As Secretary of State John Kerry headed to India ahead of President Barack Obama’s historic visit on India’s Republic Day, officials said economic relationship will be a big focus of his discussions. Kerry will travel to Ahmedabad after a stop in Munich Jan 10 to attend the Vibrant Gujarat Global Investors Summit inaugurated by…

  • ‘Make in India’ see good response

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    The central government announced that “Make in India” has become its largest and fastest growing digital initiative with 2.1 billion impressions on social media. In the process, the Department of Industrial Policy and Promotion initiative has “left behind every other government department like the MEA (ministry of external affairs), home ministry or the ministry of…

  • Banking sector need reforms: Jaitley

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      India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here. “There is a need to get the best talent into the system. There is a need for far greater autonomy being given to them (public sector banks),” Jaitley told reporters on the sidelines of the two-day banking retreat.…

  • Opportunity awaits in gold in 2015

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    By Vatsal Srivastava Market participants are yet again headed into a New Year with a bearish outlook on gold. This reflects the ongoing adjustments in the US interest rate cycle. It is the consensus view that the US Federal Reserve will start tightening monetary policy by June, which will push real interest rates higher and…

  • Microsoft keen to partner in Make in India

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      Global IT giant Microsoft’s chief executive officer Satya Nadella  said the company is looking forward to partner with the Digital India and Make in India programmes of the government. “It’s always fantastic for me personally to be in India and the conversation I had with the minister was wide ranging,” Nadella said here after…

  • Air India’s turnaround alliance

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    By Rohit Vaid   Air India stands to gain upto $100 million (over Rs.600 crore) in the first year of its membership of Star Alliance, the the world’s largest airline accord that brings together 27 carriers for increasing passenger share and earnings, the top official of the grouping has said. It’s an infusion that would greatly…

  • ? Indian aviation in turbulence

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      By Rohit Vaid   India’s civil aviation industry faced turbulent weather in 2014 even as two new airlines with foreign collaborators joined the five scheduled operators to trigger a price war that squeezed margins further, with falling fuel costs giving some respite in later months. The Tatas-promoted AirAsia, in collaboration with the Malaysian budget carrier…

  • Falling oil prices devalue green power

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    Falling global oil prices threaten to devalue the renewable sources of energy, thereby derailing the revolution in the sector, experts have warned. Oil prices tumbled below $60 a barrel for the first time in more than five years Thursday – a fall of 44 percent since June – and are forecast to fall further, The…

  • Manmohan Singh predicts 8% growth

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      Former prime minister Manmohan Singh said India can achieve a growth rate of 8-9 percent given a ‘national consensus’ on methods to take advantage of a globalised world. “I think that even though many other emerging economies are not doing too well, India has an opportunity to move towards a growth rate of 6-7…

  • 2015 will see more growth in Indian economy: UN

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    By Arul Louis  While the global economy is expected to grow marginally by 3.1 percent next year, India’s is likely to grow by 5.9 percent, recording the second highest increase among the world’s larger economies, according to a UN report. For 2016, the report projects a growth of 6.3 percent for India’s gross domestic product…

  • Modi to visit Hannover trade fair

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    Prime Minister Narendra Modi will travel to Germany in April to meet Chancellor Angela Merkel and to jointly open the Hannover trade fair where India is the official partner country. The Hannover Messe 2015, the world’s largest industrial trade fair, is to showcase the ‘Make in India’ concept. The Hannover Fair, which will run from…

  • Chinese train reaches Madrid

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      Madrid was the final destination for a train which has set the record for the longest train journey in history: 13,052 kms between the Chinese city of Yiwu and the Spanish capital. The train which arrived in Madrid at 11 a.m., departed from Yiwu Nov 18 with 40 wagons, carrying 1,400 tonnes of cargo,…

  • 4G helped Europe’s mobile industry

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      Europe’s rapid transition to 4G service has helped the recovery of the mobile industry, according to a new GSM Association (GSMA) report “Mobile Economy: Europe 2014”, published . The financial outlook of the mobile industry showed signs of improvement in 2014 because of the positive impact from 4G deployments after years of significant revenue declines,…

  • ‘Modi-Obama summit reignited business interest’

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      Did Prime Minister Narendra Modi’s summit meeting with US President Barack Obama in September signal a paradigm shift in bilateral ties? Was it a ground-breaking moment in Indo-US ties that had seen a slump over the years? Experts, including former diplomats, do not think it was a paradigm shift, but agree the visit was…

  • All clear for Navi Mumbai Airport

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    The central government has cleared a major hurdle in the development of the country’s largest greenfield airport coming up here, an official said. The ministry of civil aviation has approved the regulatory regime of “Shared Till” for the upcoming Rs.15,000-crore Navi Mumbai International Airport (NMIA), in adjoining Raigad district. This followed intervention by Chief Minister…

  • Modi meets CMs on Planning revamp

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      Prime Minister Narendra Modi met chief ministers to hear their views on the restructuring of the Planning Commission. Chief Ministers Mamata Banerjee of West Bengal and Omar Abdullah of Jammu and Kashmir are reportedly not attending the meeting taking place at the prime minister’s residence. Modi told parliament Friday that the government had consulted…

  • Reliance now eyes Mexico for oil

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     Reflecting its growing appetite to pursue hydrocarbon assets outside India, Reliance Industries has inked a global pact with Mexico’s state-run Pemex to explore oil and gas, even as the North American nation gears for a major international bidding round next year. “As per the memorandum of understanding, Reliance will cooperate with Pemex for the assessment…

  • Indian growth story attracts Americans

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    Lured by the growth potential of the Indian market, the American Society for Metals (ASM) International, the world’s largest association dealing in metal-centric materials scientists and engineers, is for the first time hosting MET-14, an international conference on emerging materials and processes for industrial applications, in India. ASM is a very popular name worldwide with…

  • Modi’s bureaucratic shakeup impress Obama

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    By Arun Kumar   US President Barack Obama is very much impressed with the way Indian Prime Minister Narendra Modi has shaken up the bureaucratic inertia inside India to improve the business climate in the country. “India- Modi has impressed me so far with his willingness to shake up the bureaucratic inertia inside of India,” he…

  • India’s $3-bn investment game changer for Nepal

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    By Anil Giri    Within just six months at the helm, Indian Prime Minister Narendra Modi injected over $3 billion of investments into Nepal, a possible gamechanger in Nepal-India relations that may entirely change the economic landscape of the Himalayan nation. The two sides recently reached three agreements – two in the energy sector and one…

  • Northeast is Natural Economic Zone: Modi

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      A new resurgent, stronger and more prosperous India and Nagaland needs to be built, Prime Minister Narendra Modi said, adding that the region is a Natural Economic Zone (NEZ) and it is his priority to tap it. “There are SEZs in some parts. Here it is NEZ – Natural Economic Zone. My priority is…

  • India climb China in corporate governance rankings

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    India has emerged as the leader in global developing markets for having the clearest and most comprehensive policies on corporate governance, according to a latest study. Scoring more than China, India is at par with Malaysia and Australia ranking 4th across 25 markets globally and is at the 2nd spot in the Europe-Middle East-Asia (EMA)…

  • Kerala scheme gets $100mn ADB loan

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    India has signed an agreement with the Asian Development Bank for a loan of $100 million to support Kerala’s initiative to increase employability of higher secondary and undergraduate students, an official statement said here . It will aim at providing opportunities to students to improve their English fluency and IT skills. Nearly 235,000 needy students…

  • Modi’s Christmas gifts for northeast

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    By Sujit Chakraborty  Prime Minister Narendra Modi will be spending four busy days on his maiden visit to the northeast where he will address the country’s top police chiefs, dedicate a train line from Meghalaya to Assam, commission a power project in Tripura and inaugurate a festival each in Nagaland and Manipur. Modi begins Nov…

  • Saarc must act for economic integration: Modi

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      Prime Minister Narendra Modi  called for a better economic  integration among Saarc, expressing concern that under 5 percent of the region’s global trade takes place between its eight member countries. The Indian prime minister also promised a special funding vehicle, overseen by his country, to finance infrastructure projects in the region, while also proposing…

  • Modi magic working on the economy?

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    By Arvind Padmanabhan  An area that evoked much expectation from the people when the Narendra Modi-led majority government took the reins over six months ago was economic revival, as it was seen as spurring growth, creating jobs, stabilizing prices and boosting incomes. India was faltering on all the four counts. As we take stock of…

  • India wants to boost trade with EU

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      Indian Ambassador to the European Union (EU) and Belgium Manjeev Singh Puri has called for energising EU-India trade and economic relations. “Please energise your constituents across the European Union because India has opportunities. The government is interested very much. The entire business of ‘Make in India’ encompasses this entire thing of ease of doing…

  • Modi bet on diaspora for development

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      The Indian diaspora must be a part of the country’s development, Prime Minister Narendra Modi said , a day after ending a visit to Myanmar, Australia and Fiji. “We want to create an environment where our diaspora also feel that they can contribute towards India’s development journey,” he said in a blog. “That is…

  • Kashmir’s solar potential

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    By K.S. Jayaraman   Which is a better place for locating a solar power plant? Hot and sunny Rajasthan or snow-clad Kashmir? If your answer is Rajasthan, you are wrong. A recent study by Indian researchers has identified the eastern parts of Jammu and Kashmir and the eastern part of Uttarakhand — in the chilly shadows…

  • Peach King of California honoured

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      Didar Bains, a farmer known as the “Peach King of California”, was honoured by California Governor Jerry Brown for his service to society, media reported. Brown praised Bains and thousands of other immigrants from India who he said have enriched the US with their culture and work ethic, The Sacramento Bee reported. “It’s an…

  • Modi invites ASEAN to India

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      Wooing the 10-member ASEAN bloc to increase its economic engagement with India, Prime Minister Narendra Modi Wednesday said his government has embarked on a “new economic journey” and places equal emphasis on ease of doing business in India as well as on making policies attractive. In his maiden speech at the ASEAN-India Summit here,…

  • Modi invites Malaysia to make in India

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    Indian Prime Minister Narendra Modi  invited Malaysian companies to come to India as part of his “Make in India” initiative during talks with his Malaysian counterpart Najib Tun Razak. “I am giving lot of emphasis to @makeinindia & want to invite Malaysian companies to come to India. There are lot of opportunities,” said a tweet…

  • Burger King lands in India

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      Miami-based fast food chain Burger King said that it will enter the Indian market by opening its first outlet in the national capital’s south Delhi up-market Select Citywalk mall in Saket on Sunday. According to the company, which is a part of quick service restaurant (QSR) major Burger King Worldwide, it plans to operate…

  • Nikki Haley off to India to attract investment

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    South Carolina’s Indian-American Governor Nikki Haley will lead a 10-day trade mission to India in November, hoping to attract more foreign investment and sell the state as a tourist destination The Nov 12-22 trip is intended to make a “first impression” that sells South Carolina as a tourism destination and a place to do business,…

  • India to be power surplus by 2019: Goyal

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    The government is working towards making India a power surplus country by 2019, Minister of State for Power, Coal and Renewable Energy Piyush Goyal said . He said that ensuring the availability of power on a 24×7 basis was one of the most pressing challenges the Narendra Modi government faced. The minister was addressing a…

  • West Bengal seeks global investment

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    Fiannce Minister Dr Amit Mitra unveils raft of investment opportunities in West Bengal. The veteran leader invites investors to join ‘Bengal Global Business Summit – Bengal Leads 2015’ Dr. Amit Mitra, Minister- in-Charge, Finance, Excise, Commerce & Industries, Public Enterprises, Industrial Reconstruction and Information Technology & Electronics Departments, Government of West Bengal, today unveiled the…

  • NRIs sue ICICI Venture

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    Dubai-based Indian businessman Gulab Patil among scores of investors sue ICIC Venture over alleged losses on their investments in a property fund run by the private equity firm. Gulab Patil, who has been authorised by around 500 investors with a power of attorney, told PTI that he has filed the complaint with Sebi on October…

  • Kerala welcomes funding for Vizhinjam port

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    With the central government clearing Rs.800 crore as viability gap funding (VGF) for the proposed Vizhinjam port in Kerala, construction work is expected to begin very soon, a minister said here . Minister for Ports K. Babu said that with a “very positive” decision from the central government on the VGF – the first such grant…