After supplying Micro Electrical Mechanical System-based (MEMS-based) Inertial Navigation System to the Navy and the Airforce, Whirlybird Electronics, the co-incubated company of Indian Institute Management, Ahmedabad (IIM-A), is looking for markets in the automation and automobile industry.
Yet another generational shift is taking place at Arvind, one of India's largest textile players, as the fourth-generation Lalbhai has joined the group. In what could be an indicator of things to come, Punit Lalbhai, son of chairman and managing director Sanjay Lalbhai, is being appointed as the chief manager of the project division.
Institutes are encouraging students to work hands-on with the underprivileged of society.
Nothing seems to dampen the spirit of Gujarat's textile industry when it comes to investments. Inspite of the issues arising due to rising input costs, the state government is expecting to witness MoUs worth Rs 10,000 crore (Rs 100 billion) in textile sector at the Vibrant Gujarat Global Investor's Summit 2009. During the summit, the state government will be luring several textile machinery manufacturers from overseas to set up base in the state.
The Gujarat government's health department has announced an e-medicine scheme for rural areas. The programme entails offering online and telemedicine facilities to villagers. The department will install web cameras and other infrastructure for distant diagnosis. Of the total plan outlay in the state budget for 2008-09, 4 per cent is for the health sector. The state is also encouraging medical practitioners to set up clinics in certain identified blocks in rural areas.
While states across the country grapple with the problem of getting power to the rural areas, Gujarat stands tall as an exception. The state government's Jyoti Gram Yojana (JGY) has not only ensured 100 per cent village electrification but also 24 X 7 power supply. The result is a resurrection of rural industries in the state and reverse migration to rural areas.
The jewellery industry innovates to compete with lifestyle products like mobiles and laptops. Students at the National Institute of Design (NID), Ahmedabad, are working on innovative designs concepts which will add some utility value to luxury jewellery products and help jewellers stay afloat.
The Delhi Daredevils, IPL's Delhi team which is owned by the GMR Group, has recruited a student of the Postgraduate Programme in Public Policy and Management (PGP-PMP) from the institute to manage its operations. Colonel Vinod Bisht, the student, has been hired as assistant vice-president (operations) for the company for a Rs 30-40 lakh package.
LIC will kickstart its credit card business in September 2008.
Coca Cola will set up a trust fund of $10 mn for CSR activities. It was recently awarded the Golden Peacock Global Award for Corporate Social Responsibility - 2008.
India's insurance sector is predicted to grow at 30% this fiscal compared to 95% of the last year.
Competition Commission of India is considering amnesty plan to bust cartels.
Pvt life insurers are planning to foray into health covers, with standalone health insurance policies.
The Indian Institute of Foreign Trade(IIFT) is planning a campus in South India, after Delhi and Kolkata, as the student representation from the region is quite low.
The US loses around $1 to 1.6 trillion annually due to corruption at the public services and private enterprises, estimated David M Luna, director, Anti-corruption & Governance Initiatives.
Japan's strategy of providing incentives to various stakeholders together with building up mobilisation on environmental issues has worked well for the country.
At current prices, the downstream petrochemical industry production is expected to increase from $15-$18 billion currently to $30-35 billion over the next 5-7 years.
The Institute of Company Secretaries of India is looking forward to expanding the conventional roles of chartered accountants to non-statutory areas like labour law audit and certification, secretarial audit of hotel and banking industries.
But not before the concept clears regulatory roadblocks.
SAPL intends to start a new manufacturing facility in Damietta in Egypt with an installed capacity of 315,000 tonnes a year.
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