Decision on Kirti Parikh recommendations will be taken in due course
Eyeing opportunities in the fast growing Indian telecom sector, Chinese vendor Huawei on Tuesday announced an investment of $2 billion (about Rs 9,000 crore) in the next five years to set up an R&D centre, local manufacturing and other activities.
World's largest cell phone maker Nokia on Wednesday said up to 300 jobs would be cut in India by end of 2012, as the company embarks on restructuring that would affect 7,000 employees worldwide.
Multinational drug companies with research interests in India may soon find the market more lucrative. The government plans to revive, and may extend to foreign companies, the income-tax exemptions enjoyed by Indian research and development pharma companies till 2007.
OXSIGHT, founded in 2016 to create wearable technology devices based on how the brain manages visual information, began conducting trials in India two years ago in partnership with leading eye hospitals and clinics.
With induction of these people, the company's workforce will expand by about 27 per cent to nearly 11,000 employees.
Over the last 16 years, India has seen more engineering and R&D investments in aerospace than the US or Europe.
The search giant is keen to pocket a hefty slice of India's online advertising market, an Rs 1,300-crore (Rs 13-billion) market in 2011 that is set to touch Rs 3,400 crore (Rs 34 billion) by 2015 according to KPMG estimates.
Ford, which has been known for its research capabilities, have found out the large untapped potential of this segment in India.
Globally, the SME business is among the fifth and sixth positions for Adobe.
It has apparent "negative connotations" in some mature markets such as the US.
These unmanned aerial vehicles can fly at high speeds, detect intruders, do aerobatic maneuvers like loops, rolls, spins, and hammerheads effortlessly and communicate with each other intelligently.
Denying rumour that it might be using its office premises to compromise crucial Indian data by planting spyware, Chinese telecom equipment maker Huawei has maintained it was ready to cooperate with the government to have its facility inspected.
Debates over introducing Bt brinjal, the first genetically modified food crop in India, might have taken a different turn if the government had taken note of studies by one of its own R&D bodies, the Indian Council of Agricultural Research, showing that indigenous methods of controlling the notorious fruit and shoot borer can be as effective, cheaper and more environment friendly than using chemical pesticide.
DRDO is offering a 30-35-tonne light tank that it says will be a match for what the army faces -- China's new Type-15 light tank.
'SAP has been an enterprise software leader for 43 years, and we don't have a competitor also in this space.'
'There is no tried and true recipe for creating Silicon Valleys.' 'Attracting and creating a mass of truly dynamic entrepreneurs is at the core and among the hardest and most necessary ingredients.' 'In the US, close to 60% of the top valued tech companies were started by immigrants who found the start-up climate to be superior to where they came from.' 'India would clearly benefit from attracting back its talented Diaspora, but it also needs to hold onto those entrepreneurs.'
European military consortium EADS Defence and Security on Tuesday said it will open a research and development centre in Bangalore within two years that will provide employment to 200 Indian engineers.
The US-based aircraft manufacturing giant will expand its manufacturing presence, launch subsidiaries and strengthen research and development (R&D) programmes in the country. Jeppesen, a subsidiary of Boeing, is close to setting up an office in Hyderabad, while another, Aviall, the company's spare parts subsidiary, already has operations from Noida.
The testing track for high speed vehicles (having speeds between 250 kmph and 350 kmph) at the Indore centre would be operational by 2012.
Aggregate domestic R&D spend in India has never exceeded 1 per cent of GDP, and over 80 per cent of Indian firms spend nothing on research.
Maruti would conceptualise a car that would be totally developed in India.
Hyundai Motor India Limited (HMIL) has been giving facelifts to its current range of cars. So are the changes on the Hyundai i10 worth it? Dig deeper to get your answers.
In a first at the National Institute of Design (NID), academic profiles were offered to the graduating batch of young designers during placements this year.
Government of India, Ministry of Science & Technology's Boycast Fellowship for the year 2008-09.
'Let us remember that Make in India for defence must not be our goal.' 'The goal is to have a strong military to help the nation protect its identity and assert its will.'
Eyes investments of Rs 31,000 cr in research and manufacturing of electric vehicles
Their success or failure will eventually hinge on how much equipment the services procure, and whether the finance ministry supplements the allocations in the Budget
Currently, FDI up to 100 per cent is allowed in the drugs and pharmaceuticals on the automatic route.
The levy of clean energy cess on domestic and imported coal at Rs 50 per tonne can affect select players with captive thermal power plant, and also soda ash producers.
The excise duty was increased on bulk drugs and intermediates from 8% to 10%, but fortunately the excise duty on formulations remains at 4%.
The domestic crude oil producers will benefit from levy of customs duty at 5% on crude oil, and effective tax incidence will come down due to weighted deduction on R & D as well as cut in the surcharge on corporate taxes for domestic companies
US-based invention investment company Intellectual Ventures and Indian Institute of Technology-Bombay today signed a MoU to license and commercialise inventions of students and faculty of the institute.
Suzuki will also meet Haryana Chief Minister Bhupinder Singh Hooda, industry sources said. The country's largest car maker Maruti Suzuki India, majority owned by the Japanese firm, is investing up to Rs 1,500 crore (Rs 15 billion) in building test tracks and an R&D centre in Rohtak, Haryana.
India on Friday said it would come out with a new Defence Production Policy in the next two months under which domestic industries would certainly get orders for products developed by them after indigenous research.
With the domestic automart showing signs of correction, the country's largest car maker Maruti Suzuki India (MSI) is looking at strengthening its back-end operations by asking vendors to increase efficiency, besides building their own research and development capabilities.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
The budget proposes to enhance the allocation to the Department of Information Technology from Rs 1952 crore in 2008-09 to Rs 2802 crore in 2009-10. The budget proposes allocation of Rs 600 crore towards establishing National Knowledge Network, Rs 900 crore towards e-Governance programme, Rs 550 crore towards National Informatics Centre and Rs 125 crore for Centre for Development of Advanced Computing for undertaking R&D.
The government is considering a proposal to extend the benefit of tax pass-through to domestic venture capital funds on investments across all sectors in the coming Budget.
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