Leading Chinese telecom equipment manufacturers, Huawei Technologies Co Ltd and ZTE Corporation, have launched an aggressive 'Indianisation' drive. The two companies are replacing Chinese nationals with Indians on their board of directors. The move is seen as an attempt by the companies to change the public perception in India, where Chinese firms are often viewed with suspicion. This would also make it easy for the firms to do business in India.
Both the warring sides claim they are keen to see industry come up in Singur -- the abandoned site of the Nano factory near Kolkata. But nine months after the decision to relocate the Nano factory, there has been no forward movement on setting up an industry in Singur.
Will the so-called Third Front partners be able to retain their ambitious unity till the end of this month, when the Finance Bill comes for voting in the Lok Sabha? Doubts are hovering around the Yadav duo Rashtriya Janata Dal chief Lalu Prasad and Samajwadi chief Mulayam Singh Yadav -- as the two have taken different stands in the past one week on the issue.
The current census process leaves no scope for duplication, C Chandramouli, registrar general and Census commissioner, tells Saubhadro Chatterji
Key shareholders of low-cost airline SpiceJet have rejected an offer by the Reliance ADA Group to pick up a 51 per cent stake in the airline for Rs 40-45 per share. The offer was made last week.
The country's largest car producer -- Maruti Suzuki -- is caught in a cleft. There is growing demand for its cars, but it does not have sufficient production capacity to feed this demand. To top that, this capacity constraint is not likely to be lifted before 2012.
The finance ministry has suggested easing of the rules for calculating foreign investment in a company. The proposed rules, which take out sundry entries of indirect investment, will make life easier for companies, which have high foreign institutional investment and face the risk of breaching sector-specific caps.
Sun TV promoter Kalanithi Maran, through his advisors, is talking to hedge fund Wilbur L Ross to buy its entire 30 per cent stake in low-cost carrier SpiceJet Ltd.
The first private equity deal in the Indian health insurance sector is set to be sealed soon.
Half the money, to be invested over the next 12 months, will be used to expand its mobile network.
Sahara group promoter Subrata Roy said he will take his newly acquired Indian Premier League (IPL) team public by 2013, the second year of operations, and is open to having investors take a minority equity stake in the franchisee.
Indian companies with a majority foreign shareholding will not get relief from the stringent norms that govern their contributions and donations within the country.
If the finance ministry finally allows the railways to expand its list of goods exempted from the service tax ambit, instead of a complete rollback to the 10 per cent service tax imposed on frieght movement, it could come as a reprieve for Railway Minister Mamata Banerjee.
Currently, FDI up to 100 per cent is allowed in the drugs and pharmaceuticals on the automatic route.
Expanding its commitment to provide subsidised foodgrain to the poor, the Manmohan Singh government is looking at a host of social sector initiatives along with its soon-to-be-unveiled Food Security Bill.
The money, together with disinvestment proceeds, is crucial for Mukherjee to meet his fiscal deficit target of 5.5 per cent for 2010-11 from 6.7 per cent in 2009-10.
By setting a single spectrum-release deadline for all bidders, the finance ministry aims to ensure a level playing field for all operators.
India's share will only get bigger once SpiceJet enters the fray from June to fly south east Asia and south Asian countries.
Manufacturers that mainly sell diesel cars like Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen anticipate a significant fall in sales if the government accepts the Parikh committee's recommendation of a flat tax of Rs 80,000 on diesel cars, because of a widening cost differential with petrol variants.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances