Economy of India | Indian Economy Developments

A major factor that contributed to the second most-populous nation on the planet achieving this milestone, in April, was the sharp appreciation of the Indian rupee against the U.S. dollar. Whereas Indian currency has been gradually appreciating against the U.S. greenback over the last few years, what took many by surprise was the sudden and sharp appreciation during the months of March and April when the exchange rate came down drastically, from just under Rs 45 to the U.S. dollar to less than Rs 41 to the dollar or a change of roughly 8.5 percent in less than 40 working days.

By way of contrast, the rupee had appreciated by only 2.3 percent vis-a-vis the dollar between Apr. 1, 2006 and Mar. 31, 2007 (the Indian financial year). In this period, the Indian currency gained 2.7 percent against the Japanese yen but depreciated by 6.8 percent against the euro and by 9 percent against the British pound. The appreciation of the rupee has made Indian exports more expensive in markets where transactions are designated in U.S. dollars while making imports relatively inexpensive.

Analysts are of the view that the Reserve Bank of India (RBI), the country's central bank and apex monetary authority, has consciously allowed the rupee to strengthen as part of a package of policies aimed at controlling domestic inflation. In recent months, inflation in India, as measured by the official wholesale price index, had threatened to cross the 7 percent mark and is currently hovering in the region of 6 percent. The Indian economy is currently one of the fastest growing in the world --it has grown by an annual rate of over 9 percent for two successive years and by an average of over 8 percent over the last four years, both for the first time since the country became politically independent 60 years ago.

At the same time, this growth has not been inclusive because it has bypassed large sections of the population and swathes of territory, mainly in the east and the north. One out of four of the 1.1 billion citizens of India live on less than one U.S. dollar a day. "The reason why the RBI is not intervening in the currency markets to depreciate the value of the rupee is because it wishes to cushion the economy from the imported variety of inflation at a time when international prices of crude oil are in the region of 65 dollars a barrel," explains Amitendu Palit, visiting fellow at the Indian Council for Research on International Economic Relations, a New Delhi-based think tank. India currently imports roughly three-fourths of its requirement of crude oil.

Palit told IPS that part of the reason why the rupee has strengthened against the dollar is because the U.S. currency has itself steadily weakened against hard currencies like the yen, the euro and the pound. He said that if the RBI purchased more dollars to keep its price up, it would increase domestic money supply and add to inflationary pressures. Palit is of the view that a strong rupee would have a negative short-term impact on the growth of "price-elastic' exports such as computer software, IT-enabled services (or business process outsourcing), garments and textiles. During financial 2006-07, India's merchandise exports touched 125 billion dollars, implying an annual growth of nearly 23 percent. Imports grew at a faster 25 percent with crude oil accounting for close to one-third of the total value of imports during the year.

Exports have doubled over the last three years. India's share of world trade, however, still remains negligible, growing from 0.76 percent in 2003-04 to over one percent at present. During this period, inflows of foreign direct investment have jumped from 2.2 billion dollars to 16 billion dollars (and this amount excludes retained earnings that have been reinvested). "I expect the rupee to continue to appreciate gradually, not suddenly, over the next year or so and the dollar to go below the level of Rs 40," says Manoj Pant, professor of economics at New Delhi's prestigious Jawaharlal Nehru University. He told IPS in an interview that the government and the RBI wanted to "send a clear message to exporters that they could not expect to continue receiving preferential treatment".

While there is considerable concern among economists that the Indian economy is "over-heating" and that the benefits of economic growth have not been evenly distributed among all sections of the population, others are optimistic about the country's "growth story". A report prepared by Credit Suisse bank pointed out that over a year after their economies crossed the one trillion dollar mark, eight out of ten countries witnessed bullish trends in their stock markets.

The report added that the combined wealth of the estimated 20 million non-resident Indians is currently more than one trillion dollars, which is the gross domestic product of the entire Indian economy. The recent rise in the rate of growth of the Indian economy has been fuelled by a sharp rise in manufacturing output and the services sector. Among the services that have been growing very fast are IT-enabled services and computer software. These are the segments of the economy that are now likely to be adversely impacted by the appreciation of the rupee.

"Companies that were exporting software and IT-enabled services were shocked by the sudden rise in the value of the rupee vis-à-vis the dollar because the bulk of their business was designated in dollars," points out D.K. Joshi, director and principal economist, CRISIL Ltd. (earlier known as Credit Research and Investment Services of India Ltd.). In an interview with IPS, Joshi added that the "profit margins of companies exporting IT services would be squeezed and they would certainly fight back by increasing their billing rates in dollar terms." Even if the rate of growth of computer software and IT services exporting firms slows down, analysts IPS spoke with were reasonably optimistic that the deceleration brought about by the sudden strengthening of the rupee in relation to the dollar would be a passing phenomenon.

India's commerce minister Kamal Nath has set ambitious export targets of 160 billion dollars and 200 billion dollars respectively for the country over the next two years. He told journalists on Apr. 19 that the Indian government had taken into account the likely slowdown in the U.S. economy while setting these targets. India's trade basket, he said, was quite wide, claiming that the expected slowdown in the U.S. economy would not have a major impact on the country's exports.

Crude Price on all time high

Global crude oil prices are on a all time high of US $ 125 per barrel and is adversly effecting the balance sheet of indian economy, probably it is also a reason of depreciating value of indian rupee when compared with US $ .

Crude prices could reach higher levels over the next few months as the winter season in the northern hemisphere gets under way.
Although the price of the basket of crude relevant for India is ruling at a much lower level than $55, the effect of higher crude prices is bound to affect the profitability of a swathe of companies, especially in the manufacturing sector, as costs of energy, fuel and transportation could start to spiral.

Even if the Government decides to limit the price increases by seeking recourse to further cuts in excise and customs duties, and requiring oil companies to bear an even greater part of the burden, profitability and growth rates could be affected as growth rate of the global and the Indian economy slows down. Market sentiment could also be influenced in a negative manner if liquidity in global markets dries up and a flight to safe assets and safer currencies set in.
Investors as such should consider adopting a cautious approach to buying equities, by staggering investments over a period of time, and partial profit booking on deep-in-the-money positions, may be appropriate. This could mitigate any downside risk that could envelop the markets due to the bullish trend in crude prices that is driven by a combination of robust demand and speculative activity.

The positive aspect of the crude prices story is the likely boom in construction activity in the Gulf countries. This could be an opportunity for companies such as Larsen & Toubro and Voltas, which have executed several projects in the region that could serve as a reference point for bagging more orders, and Gujarat Ambuja Cements, which appears well set to capitalise on the sharp spurt in cement prices in export markets.

The latter's earnings numbers for the July-September quarter have been buoyant with a fillip from exports as well as higher domestic prices, and there could be a further scaling up over the next few quarters. There are others that could benefit from the anticipated construction boom.
For now, we prefer the stocks of these companies, which have an established presence, higher efficiency levels that could compensate partially for rise in input costs and limited downside risks as large-cap stocks. Stock-specific recommendations of Business Line, however, will take precedence over this broad-investment strategy.
- Hindu Business line

Economy of India | Indian Business | Financial News of India: Global Acquisitions by indian firms puts India firmly on major economies

Economy of India | Indian Business | Financial News of India: Global Acquisitions by indian firms puts India firmly on major economies

Economy of India Growth Pattern - Latest Updates

It has been predicted that by 2035 there would be three major economies of world - US economy, Indian Rupee, Chinese Economy. and the growth rate of indian economy for makin this prediction correct has somewhat slowed down in this fiscal year due to global economic woes. Indian economy is a diversified economy with agriculture sector still the greatest job provider.

Indian INC's are making global impact and every second day we can listen news
about indian company's acqisition of some other company. Global Acquisitions by Indian companies are making the impact of indian economy on a global scale.

India's economy is on the fulcrum of an ever increasing growth curve. With positive indicators such as a stable 8-9 per cent annual growth, rising foreign exchange reserves, a booming capital market and a rapidly expanding FDI inflows, India has emerged as the second fastest growing major economy in the world.

The economy has been growing at an average growth rate of 8.8 per cent in the last four fiscal years (2003-04 to 2006-07), with the 2006-07 growth rate of 9.6 per cent being the highest in the last 18 years. Significantly, the industrial and service sectors have been contributing a major part of this growth, suggesting the structural transformation underway in the Indian economy.

For example, industrial and services sectors have logged in a 10.63 and 11.18 per cent growth rate in 2006-07 respectively, against 8.02 per and 11.01 cent in 2005-06. Similarly, manufacturing grew by 8.98 per cent and 12 per cent in 2005-06 and 2006-07 and transport, storage and communication recorded a growth of 14.65 and per cent 16.64 per cent, respectively.

Another significant feature of the growth process has been the consistently increasing savings and investment rate. While the gross saving rate as a proportion of GDP has increased from 23.5 per cent in 2001-02 to 34.8 per cent in 2006-07, the investment rate-reflected as the gross capital formation as a proportion of GDP-has increased from 22.8 per cent in 2001-02 to 35.9 per cent in 2006-07.

The growth pattern for this year has been robust with every sector's growth seen in green colour. some of the details about sectoral growth patterns is as follows :

The process continues in the current fiscal year. On the back of 9.9 per cent growth in the first half of 2006-07, GDP grew by 9.1 per cent during April-September 2007.

* While overall industrial production grew by 9 per cent during April-December 2007, importantly capital goods production rose by 20.2 per cent compared to 18.6 per cent during same period in 2006.
* Services grew by 10.5 per cent in April-September 2007, on the back of 11.6 per cent during the corresponding period in 2006-07.
* Manufacturing grew by 9.6 per cent during April-December 2007, on the back of 12.2 per cent growth during same period in 2006-07.
* Core infrastructure sector continued its growth rate recording 6 per cent growth in April-November 2007.
* While exports grew by 21.76 per cent during April-December 2007, imports increased by 25.97 per cent in the same period.
* Money Supply (M3) has grown by a robust 22.8 per cent growth (year-on-year) as of December 21, 2007 compared to 19.3 per cent last year.
* The annual inflation rate in terms of WPI was 3.5 per cent for the week ended December 29, 2007 as compared to 5.89 per cent a year ago.
* Fiscal and revenue deficit decreased by 11 per cent and 17.2 per cent, respectively, during April-November 2007-08 over corresponding period last year.

With such a robust growth rates, the advance estimates of the Central Statistical Organisation (CSO) expects the economy to grow by 8.7 per cent in 2007-08.

Highlights of Indian economy for present fiscal year are as follows :

Reflecting the favourable prospect of growth rate of Indian economy, the orders received Indian companies have increased by a whopping 68.6 per cent to US$ 32.48 billion during January-October 2007 compared to US$ 19.26 billion in the same period last year.

* India is among the five countries sharing 50 per cent of the world production (or GDP).
* FDI inflows have jumped by almost three times to US$ 15.7 billion in 2006-07 as against US$ 5.5 billion in 2005-06.
* The aggregate income of the top 500 companies rose by 28.4 per cent in 2006-07 to total US$ 469.51 billion.
* India's National Stock Exchange (NSE) ranks first in the stock futures and second in index futures trade in the world.
* Twenty Indian firms have made it to the list of Boston Consulting Group's 100 New Global Challenger Giants list.
* According to a study by the McKinsey Global Institute (MGI), India's consumer market will be the world's fifth largest (from twelfth) in the world by 2025.
* The number of companies incorporated has increased at an annual average of 55,000 companies in the last two years to 865,000, from 712,000 companies at the end of 2005.
* Four Indians and seven Indian microfinance companies make it to the Forbes list of Top10 world's wealthiest CEOs World's Top 50 Microfinance Institutions, respectively.
* India has the most number of private equity (PE) funds operating amongst the BRIC markets.
* Mumbai has been ranked tenth among the world's biggest centres of commerce in terms of the financial flow volumes by a survey compiled by MasterCard Worldwide.

Another significant aspect has been the broad-based nature of the growth process. While new economy industries like Information Technology and biotechnology have been growing around 30 per cent, significantly old economy sectors like steel have also been major contributors in the Indian growth process. For example, India has moved up two places to become the fifth largest steel producer in the world.

And with its manufacturing and service sectors on a searing growth path, Lehman Brothers Asia estimates India to grow by as much as 10 per cent every year in the next decade.

It is seen that the per capita income of india is on a rise the following report sums up the per capita income growth trends:

Along this significant acceleration in the growth rate of Indian economy, India's per capita income has increased at a rapid pace, exceeding an earlier forecast made by Goldman Sachs BRIC report which estimated India's per capita to touch US$ 800 by 2010 and US$ 1149 by 2015.

Per capita income has increased from US$ 460 in 2000-01 to almost double to US$ 797 by the end of 2006-07. In 2007-08, India's per capita income is estimated to be over US$ 825.07, according to the advance estimates of the Central Statistical Organisation (CSO). Further, India's per capita income is expected to increase to US$ 2000 by 2016-17 and US$ 4000 by 2025. This growth rate will, consequently, propel India into the middle-income category.

Global Acquisitions by indian firms puts India firmly on major economies

Tata Motors came into global limelight as an automobile major in early 2007 or even earlier when news of the cheapest world car was out of the tata's stable, Launch of tata nano (the $ 2500 car) turned all heds towards the tata motors and every major auto maker now want to replicate the same model but will never able to make a car even cheaper then the Tata's nano due to the cheapest input cost of nano, and the advantage with tata's is that they can use their own homemade steel for making the chasis of their vehicles which other companies have to purchase from other steel companies.
The launch of Tata Nano was much hyped so that the whole world notices the nano and Tata as a global automobile major with a surprise to come later in the year. the world never knew that the year 2007 was year of Tata Motors's brand acquisitions of the JAGUAR and LAND ROVER the iconic british car brands famous through out the world for their excellent cars in luxury car market.

Some still think that tats'a have played much bigger then they can by acquiring JAGUAR and ROVER car companies which were owned by the ford motor company of United states of America.

It may also be recalled that in 2007 the Toyota Motor Corporation surpassed General Motors to become World's number 1 automobile company. Now every car maker want to replicate the Toyota model to make their car company's revenue much larger and Tata's are no exception.

It took 3 decades for the japanese auto maker to enter into the luxury car market .

Toyota is the gold standard that aspiring auto-makers look to. Synonymous with Japanese quality, Toyota got to its premier position in the world auto stakes by a combination of production efficiency, high quality and delivering unsurpassed value to the customer. Toyota fans call a Honda, “a fake Toyota”, seemingly referring to Honda following in Toyota’s footprints and achieving similar status in terms of quality and value. Similarly while a growing company like Hyundai benchmarks its cars against Toyota competitors, a relatively “old-world” company like Volkswagen re-designed its production process based on inputs from Toyota engineers.

Still Toyota did not move beyond its economy and hence cheap image in the Western world till the introduction of its luxury brand, the Lexus. The strategy was such a success that other Japanese auto makers quickly jumped onto the bandwagon. The Lexus strategy had a curious side-effect on the overall Toyota bouquet of products. Unlike how the European companies built their luxury cars, Toyota continued to use the production line using strict quality control to drive efficiency. As a result the luxury cars did not cost significantly more than the regular line-up. While this revolutionized the luxury car market, it also worked wonders for its non-luxury line-up as the superior styling and finish of the luxury models began to rub-off on the rest of the portfolio.

Tata Motors has only taken baby steps towards becoming a global automaker. But the newly-acquired the availability of true luxury brands within the stable allows the company to learn what it takes to give its cars the aspirational value they need to succeed in the Western markets.

In addition to taking design lessons, Tata Motors can also benefit from the world-class R&D facilities, and an established global marketing network. Also while the Jaguar-Land Rover brand image will work wonders for Tata Motors’ own image, there is a danger that it would dilute the value of the British brands. So if the Tatas make it clear that they will treat the new companies as prized possessions that they will take pains to nourish and grow, while also using them as a huge opportunity to learn, then that should allay fears of brand dilution, while keeping the existing jobs and helping the Tatas as they build up their portfolio of vehicles to fill the gap between the SUVs and the luxury vehicles, in terms of both products and aspirational value.

So keep your fingers crossed and wait 2-3 years to see the technology of jaguar and rover brand embedded into indian made tata cars.

Diversified Indian Economy - Different Sectors of economy of India

A lot have changed in indian economy from the time since it got independence from the colonial rule in 1947. earlier much of the economic activities were controlled by the government itself and no major reforms were introduced in first 45 years of independence. However changes were made in early 90's under the government of Rajiv Gandhi and followed by Late PV narsimha Rao's Finance Minister Manmohan Singh(now Prime minister of India). This was time when liberalisation policies were introduced in indian economy and indian markets were opened for the foreign MNC's. since then there is no looking back for indian economy.

India's economy is diverse, encompassing agriculture, handicrafts, textile, manufacturing, and a multitude of services. Although two-thirds of the Indian workforce still earn their livelihood directly or indirectly through agriculture, services are a growing sector and play an increasingly important role of India's economy.

The advent of the digital age, and the large number of young and educated populace fluent in English, is gradually transforming India as an important 'back office' destination for global outsourcing of customer services and technical support. India is a major exporter of highly-skilled workers in software and financial services, and software engineering. Other sectors like manufacturing, pharmaceuticals, biotechnology, nanotechnology, telecommunication, shipbuilding, aviation , tourism and retailing are showing strong potentials with higher growth rates.

However, since the early 1990s, India has gradually opened up its markets through economic reforms by reducing government controls on foreign trade and investment. The privatisation of publicly owned industries and the opening up of certain sectors to private and foreign interests has proceeded slowly amid political debate.

India faces a fast-growing population and the challenge of reducing economic and social inequality. Poverty remains a serious problem, although it has declined significantly since independence.

Infrastructure Sector, Finance Sector Updates | Indian Economy Updates | India Economic News

Indian Economy Latest Updates :

April 2008 Infrastructure Sector Latest Updates:

• Tata's Nano model for apparel may see $ 3bn take rural roads - (19/4/2008)
• Greaves Cotton inks deal with German co - (19/4/2008)
• Arunachal Pradesh set to have world-class infrastructure - (17/4/2008)
• Trucking sector may attract Rs 2 tn investments by 2010 - (17/4/2008)
• Policy on greenfield airports soon: Patel - (17/4/2008)
• 3i beats target to raise $1.2 bn for India Infrastructure Fund - (17/4/2008)
• Korean cos keen to set up hub in Haryana - (16/4/2008)
• World's 2nd discovery park to come up in India - (15/4/2008)
• MMTC to set up chain of warehouses, gems, jewellery SEZ - (14/4/2008)
• GVK may spin off energy business into separate co - (14/4/2008)
• India-Oman plan JV for core projects - (14/4/2008)
• Indus to buy Rs 206 crore equity in Uppal SEZs - (14/4/2008)
• Govt expects exports from SEZs to touch Rs 125,000 cr in FY'09 - (11/4/2008)
• J & K govt spends Rs 15 crore on road upgradation project - (11/4/2008)
• Govt to set up regulator for construction industry - (10/4/2008)
• Delhi govt approves 3-level grade separator on NH-4 - (8/4/2008)
• Mantri, IL&FS to develop IT SEZ at Nagpur - (7/4/2008)
• No takers for Rs 4,000-cr government aid
• Nagaland signs 2 pacts with Korean co
• Core sector grows by 8.7% in February
• Chopper Class: Govt plans airports for helicopters
• Green tilt in energy balance
• Nagarjuna, Maytas Infra to develop Karnataka airports
• IVRCL bags orders worth Rs 484 cr
• India set to sign transport project agreement with Myanmar

Indian Economy - Finance Updates April 2008 :

• PE deals fall apart in M&A Street
• MBGB exceeds Rs 2 cr business per employee target: CMD
• Azad takes up sop exemption issue with PM
• CRR hike would put upward pressure on interest rates: PHDCCI
• Punjab, Haryana project Rs 650 cr loss due to CST cut
• J&K to sanction Rs 207 lakh subsidies to 32 industrial units
• FDI outflow doubles to $18 bn during Apr-Dec
• Home, retail loan rates likely to rise following CRR hike
• Bankers to wait till RBI policy before taking call on rates
• RBI hikes CRR by 0.5 per cent to control inflation
• India's FY-08 indirect tax receipts at Rs 2.79 tn
• FIIs cut exposure in Indian equity markets
• US Eximbank approves $2.2 billion program for India
• I&B ministry gets Rs 1,910 crore for the current fiscal
• A repo rate hike by RBI likely, says BoI chief
• Fertiliser subsidy bill to rise to Rs 1 lakh crore: Paswan
• Haryana collects Rs 10,000 crore as taxes last fiscal
• Banks in a spot as govt sits on crop-loan interest subsidies
• Capital goods sector earnings may slowdown in Q4: Analysts
• Banks board slow coach as credit growth slips to 24% in 2007-08
• Coal India pays Rs 1,705.42 cr dividend to govt
• Direct tax collections surpass target in West Bengal region
• Overseas borrowings drop to less than $1 bn in February - (9/4/2008)
• NABARD Focus paper estimate credit flow of Rs.37,546 crores - (8/4/2008)
• Finance Ministry approves new Rs 50,000 cr APDRP scheme - (8/4/2008)
• Foreign fund restrictions to boomerang: Raghuram panel
• Grant Rs 5,000 cr for setting up SEZs in JK: Assocham
• CRR hike may leave banks with little to lend
• 10 lakh backward class families benefit from NBCFDC loans
• JPMorgan's John Coyle joins Permira
• Indian investors get more room to diversify abroad
• WB, ADB may lend directly to urban bodies
• India raises overseas investment limit for funds
• 'India needs $500 nn investment to sustain growth'
• Centre releases Rs 65 cr to revive lakes in J&K
• Refund claims may rise on derivatives losses
• 'India important source of FDI in US'
• Microcredit raises hopes for farm widows
• Retail sector may get service tax relief
• BJP seeks Rs 1,000 cr relief package from Centre
• CST phaseout to miss deadline
• Repo rate, CRR hike on cards
• DA announced for Punjab employees

Indian Economy Updates | Latest agriculture / trade News

April 2008 Indian Economic Updates :

Agriculture April 2008 Latest Updates :

• Mizoram govt distributes paddy seeds to farmers free of cost - (18/4/2008)
• Govt pressed to compensate farmers - (17/4/2008)
• Karuturi Global to buy Dutch firm Florinex - (17/4/2008)
• Rs 25kcr plan to boost farm output: Pawar - (16/4/2008)
• Poll-bound states likely to put stock limits on wheat - (16/4/2008)
• Rain & hail may set wheat prices on fire - (15/4/2008)
• Agriculture needs investments to handle supply issues: IDBI - (15/4/2008)
• Govt may meet wheat target as pvt players shy away from buying - (14/4/2008)
• 20 farm suicides in three days in Vidarbha - (13/4/2008)
• Need to raise loan waiver upto 10 hectares farm land:Coop body - (13/4/2008)
• Potato farmers struck by distress sale - (13/4/2008)
• Expert expects potato prices to stabilise at Rs 5-6 a kg - (13/4/2008)
• Maharashtra's sugar output to dip by 6%, export up by 42% - (13/4/2008)
• Efforts being made to get more rice from central pool, AP - (12/4/2008)
• Haryana to launch campaign for seed treatment - (12/4/2008)
• Cashew corp to launch health drink, soup - (12/4/2008)
• Govt may allow premium non-basmati exports: Exporters - (11/4/2008)
• Country needs higher pulses imports in FYO9: Trader - (11/4/2008)
• Basmati seen steady in tight market - (11/4/2008)
• World sugar prices seen at 12-15 cents/lb: ISO - (11/4/2008)
• Big cos may prefer MP, Rajasthan to Punjab for wheat lifting - (10/4/2008)
• NABARD gears up to start farmers' loan waivers by June - (9/4/2008)
• Rs 393.33 cr in crops lost due to Kerala rains - (8/4/2008)
• 2008 wheat output to top 75 mn tonnes - (8/4/2008)
• Govt not to raise wheat procurement price: Pawar - (7/4/2008)
• Orissa govt to soon declare new agriculture policy - (7/4/2008)
• Untimely rains may hit mango production, price rise likely - (6/4/2008)
• Wheat crop under threat as widespread rain lashes region - (6/4/2008)
• FAO predicts increased rice production in Asian countries - (3/4/2008)
• Soaring food prices to help farmers - (2/4/2008)
• Non-basmati export ban decision hasty: Exporters - (2/4/2008)
• Higher wheat crop globally to check prices - (2/4/2008)
• Changing food habits fuelling demand for wheat: Pawar - (1/4/2008)
• MNRE submits draft composition for National Biofuel Dev Board - (1/4/2008)
• Punjab govt announces Rs 16.35 crore relief for farmers - (1/4/2008)
• Mango production to go up 12 pc this year- (31/3/2008)

April 2008 Trade with Foreign Updates :

• India wants better connectivity with Bangladesh - (20/4/2008)
• Trilateral alliance not aimed at creating power bloc: India - (19/4/2008)
• Canada calls for stronger economic ties with India - (19/4/2008)
• India wants two-way trade with US: Ronen Sen - (19/4/2008)
• US small business agency to promote exports to India - (19/4/2008)
• US housing slump hits India's furniture exports - (19/4/2008)
• India to import 80 lakh tons of urea this year: Paswan - (18/4/2008)
• India, Mexico sign agreements in civil aviation, energy - (18/4/2008)
• WTO ministerial on May 19 to help wrap up Doha talks - (18/4/2008)
• India questions US legislation on scanning all imports - (17/4/2008)
• Indo-US business unaffected by rupee rise, sub-prime crisis - (10/4/2008)
• Indo-Malaysia trade opportunities galore - (10/4/2008)
• Schemes to be launched for promoting ornamental fish export - (9/4/2008)
• India, UK SMEs eye tie-ups ahead of Commonwealth, Olympics - (9/4/2008)
• Russia seeks enhanced economic ties with India - (9/4/2008)
• India to export about 2.1 mlnT of corn by May '08 - (9/4/2008)
• Oilmeals export earning jumps 65% to Rs 7,109 cr in FY'08 - (8/4/2008)
• India, Kazakhstan to get into projects-specific mode in oil sector - (8/4/2008)
• There's tremedous potential for growth of US-India trade: US - (8/4/2008)
• India's ties with Africa distinct from others - (7/4/2008)
• EU, US renew pressure on India's import ban on animal products - (7/4/2008)
• India-Africa trade can touch $50 billion by 2012: FICCI survey - (7/4/2008)
• Govt to facilitate cement import from Pakistan - (7/4/2008)
• Cross-border Indo-Pak trade along LOC on the anvil - (7/4/2008)
• Exporters should change biz models,cut dependence on govt: Survey - (6/4/2008)
• Seafood exports from India registers 12 pc fall - (5/4/2008)
• WTO calls off Doha trade meeting planned for April - (5/4/2008)
• Qureshi hints at reassessing no-Indian investment policy - (4/4/2008)
• CSEZ achieves 70 per cent growth in exports - (4/4/2008)
• 'India-Africa summit will boost South-South cooperation' - (4/4/2008)
• Govt withdraws sop on basmati rice export to check inflation - (4/4/2008)
• India, Myanmar inks double taxation avoidance treaty - (3/4/2008)
• US embarking on global energy ties with India - (3/4/2008)
• India agrees to supply rice to crisis ridden Sri Lanka - (3/4/2008)
• India asks developed nations to end protectionism - (3/4/2008)
• India sugar exports to fall in next crop year: LMC - (3/4/2008)
• India-Australia tie-up on cards for flexible GI shield - (3/4/2008)
• Sugar exports to dominate trade conference - 1/4/08

Inflation to soar further, likely to touch 7.5 % mark

ASSOCHAM on Saturday predicted that it would continue to soar for next three to four months, and may even touch the 7.5 per cent mark.

"The Wholesale Price Index (WPI) based inflation rate which is already at the highest in the last three years, could even surpass the 7.5 percent mark," predicts ASSOCHAM President Venugopal Dhoot.

In order to check inflation, the Cabinet Committee on Prices (CCP) chaired by Prime Minister Manmohan Singh on Monday, decided to abolish import duty on all crude edible oils, including palm and soya, and banned the export of non-basmati rice and pulses to contain inflation.

The Central Government also decided to raise the Minimum Export Price of basmati rice to 1,200 dollars per ton from 1100 dollars, to balance the demand " supply in the domestic market and to cut import duty on butter and clarified butter (ghee) from 40 per cent to 30 per cent, besides, the 15 per cent import duty on maize was abolished, applicable on import of up to five lakh tons.

The CCP also advised states to impose limits on stocks of commodities under the Essential Commodities Act, besides asking steel producers not to raise prices.

The study done by the business conglomerate also reveals that the Central Government's efforts to contain inflation will come start-yielding results by August when inflation is likely to fall at of four per cent.

Experts believe that after all possible measures taken by the government, now, everyone is waiting for Reserve Bank of India's (RBI) annual credit policy that will be revealed on April 29.

The industry body has asked the RBI to increase the interest rates, specifically the Cash Reserve Ratio (CRR) to restrain liquidity.

The problem of inflation doesn't seem to be India-centric with China too struggling with a rising inflation rate of over nine percent.

According to analysts, the announcement of Sixth Pay Commission recommendations, and provisions for enhanced expenditure on social sectors in the Budget 2008-09 coupled with rising crude oil prices have also raised expectations about high inflation.

Indian Economy - Rupee v/s US $ daily trends - April 2008

Daily rupee trends against US $ date wise for april 2008 (at stock market closing time):

24/4/2008 : (Rs v/s US $) - 39.95 - Down(-0.01)

19/4/2008 : (Rs v/s US $) - 39.96 - Down(-0.17)

17/4/2008 : (Rs v/s US $) - 39.79 - Up^0.16

16/4/2008 : (Rs v/s US $) - 39.95 - Down(-0.11)

15/4/2008 : (Rs v/s US $) - 39.84 - (No change)

14/4/2008 : (Rs v/s US $) - 39.84 - Up^0.10

11/4/2008 : (Rs v/s US $) - 39.94 - Down(-0.10)

10/4/2008 : (Rs v/s US $) - 39.84 - Up^0.18

9/4/2008 : (Rs v/s US $) - 40.02 - Up^0.09

8/4/2008 : (Rs v/s US $) - 40.11 - Down(-0.14)

7/4/2008 : (Rs v/s US $) - 39.97 - Up^0.06 (wrt 6/4/08 rates)

4/4/2008 : (Rs v/s US $) - 39.97 - Up^0.11

3/4/2008 : (Rs v/s US $) - 40.08 - Down(-0.09)

2/4/2008 : (Rs v/s US $) - 39.99 - Down(-0.02)

1/4/2008 : (Rs v/s US $) - 39.97 - Up^0.14

Indian Business | Health Care / Biotech Sector Updates

Health care, biotech and Pharmaceuticals sector are vital sectors of indian economy anh latest updates are available here for both these sectors also update yourself with latest updates from Auto Sector Updates, Jobs Sector Updates, Energy Sector Updates, Media sector Updates , Entertainment Sector Updates , Telecom Sector Updates , Banking Sector Updates , Finance Sector Updates , Healthcare Sector Updates , Biotech Sector Updates , Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Health Care Sector Latest Updates:

• Avesthagen launches bioactive Teestar - (23/4/2008)
• Biodiversity loss will wipe out cures: Experts - (23/4/2008)
• Biocon launches stand alone cardiology division - (22/4/2008)
• MakroCare announces the completion of Oracle Clinical Implementation - (22/4/2008)
• GCC investors plan medical city in India - (22/4/2008)
• ArcelorMittal plans a string of health centres in India - (21/4/2008)
• Delhi govt in talks with Fortis, Apollo for emergency services - (19/4/2008)
• Prozac might cure lazy eye, say scientists - (19/4/2008)
• Bombay hospital introduces ozone therapy for patients - (14/4/2008)
• Yash Birla to enter domestic health & wellness market - (14/4/2008)
• India's public healthcare in serious decline: Planning Commission - (13/4/2008)
• India's foray into telemedicine faces difficulties - (13/4/2008)
• Opto Circuits completes acquisition of Criticare Systems - (11/4/2008)
• Goa-based Sangath wins $350,000 MacArthur grant - (11/4/2008)
• Ranbaxy, DBT signs agreement for joint research - (9/4/2008)
• Suven Life Science enters into deal with Chinese company - (8/4/2008)
• Opto Circuits acquires majority stake in Criticare Systems - (8/4/2008)
• Planning Commission paints grim picture of healthcare
• Jubilant Organosys acquires Canada's Draxis for $255 mn
• Ayurvedic Association agreement with American Herbal Association
• Wockhardt Hospitals to raise funds through PE
• Manipal Cure to invest Rs 300 cr for expansion
• US co GHIS plans $500 mn fund for healthcare sector in India
• Dr Reddy’s buys Italian generics firm
• Apollo Hospitals to set up 25-30 maternity centres
• Govt may use compulsory licensing for drug companies only in emergency
• RFCL to acquire Germany's Bremer Pharma GmbH
• Realty players woo healthcare firms to meet govt norms
• Suven receives two product patents associated with Neurodegenerative
• Medical parks will be built across the country: Health Minister
• 6 still in pipeline, Ramadoss plans 2 more 'AIIMS'
• R-ADAG plans medical cities across country
• US seeks India's help to improve global healthcare
• Lifeline health insurance launched in kerala
• Lifeline Group of Hospitals signs MoU with Zambian govt
• Piramal Diagnostic eyeing acquisitions
• Suven Life Sciences, US co enter deal on pre-clinical research
• Polio project to be reviewed: Health Minister
• Max New York Life Insurance makes foray into health sector
• Reliance Life Insurance launches Reliance Wealth + Health Plan
• Manipal group to buy 40% in Kerala hospital for Rs 100 cr
• Fresenius Kabi to expand product portfolio in India
• Country's first hi-tech TomoTherapy system installed
• CII welcomes allocation to health sector in annual budget
• Budget provides an incentive for quality healthcare
• Government extends 5 yr tax holiday for all hospitals
• Shasun Chemicals enters non-exclusive deal with Merck

Update yourself with Biotech Sector Latest Updates:

• Asia gets its first Bio Safety Level-4 facility - (23/4/2008)
• Biocon to buy US firm for $400 mn: Report - (14/4/2008)
• Biocon eyes more buys to boost growth - (27/2/2008)
• India to develop microbicides at earliest: Ramadoss
• Biocon picks up 70% in German pharma co AxiCorp for e30 mn
• Biotech cos raise record $9.1 bn venture capital
• ICGEB joins with US based group to develop vaccines
• Biotech industry urges government to `Walk the Talk'
• New biochip technology may eliminate animal testing
• Bengal to rope in biotech giants
• Scientists spot gene behind alcoholism
• Biocon to launch oral insulin drug by 2010
• Glenmark eyes Indonesian co

Latest Updates from Pharmaceuticals Sector :

• Lupin's Japanese arm gets nod to sell 10 products - (25/4/2008)
• Aventis to launch three new drugs in 2008 - (24/4/2008)
• Promotional expenses of pharma cos to be capped - (24/4/2008)
• PEs, banks in talks to buy stake in SRL Ranbaxy - (24/4/2008)
• Fresenius Kabi makes open offer to buy 20% of Dabur Pharma - (23/4/2008)
• Lupin enters gynaecology segment - (23/4/2008)
• Ranbaxy net up 7% to Rs 153 cr - (23/4/2008)
• HC restrains Cipla from exporting anti-cancer drug - (23/4/2008)
• Five pharma companies to face legal action - (23/4/2008)
• Ranbaxy in strategic alliance with Orchid Chemicals - (23/4/2008)
• Sale of fine chemicals unit props Glaxo Pharma profit - (22/4/2008)
• US-based Merck to double workforce by year-end - (22/4/2008)
• GlaxoSmithKline Pharma to launch more vaccines in India - (22/4/2008)
• Fresenius Kabi to invest $70 mn, announces open offer - (22/4/2008)
• Pharma sale would expedite the growth of firm - (21/4/2008)
• German co Fresenius Kabi picks up 73% in Dabur Pharma - (20/4/2008)
• Singapore firm to acquire 73.27% stake in Dabur Pharma - (19/4/2008)
• Pharmas give wrong prescription, can't barter cheap drugs with policy - (19/4/2008)
• Domestic growth may lift Q4 pharma margins - (18/4/2008)
• Mankind plans IPO to raise Rs 400 cr for cape1x - (17/4/2008)
• RFCL launches manufacturing facility in Haridwar - (16/4/2008)
• Ranbaxy strikes deal on Nexium with AstraZeneca - (16/4/2008)
• Nicholas Piramal buys two brand groups from Khandelwal Labs - (15/4/2008)
• Nicholas Piramal plans Rs 1.16 bn brand buys - (15/4/2008)
• Ranbaxy to sell ulcer drug Nexium in US - (15/4/2008)
• Astra settles Nexium patent dispute with Ranbaxy - (15/4/2008)
• Drug firms seek to trade off controls - (15/4/2008)
• Price regulator wants pharma cos to pass on duty cut benefits - (14/4/2008)
• Strides Arcolab promoters hike stake to 21% - (14/4/2008)
• India to see 8% growth in drug sales annually - (14/4/2008)
• Solrex close to triggering open offer in Orchid - (13/4/2008)
• Orchid Chemicals sees $100 million sales from Japan in 5 years - (10/4/2008)
• No hostile intentions on Orchid: Ranbaxy - (10/4/2008)
• Dabur Pharma to supply anti-cancer drug to Thailand - (9/4/2008)
• Ranbaxy, Biotech Department in new drug discovery deal - (9/4/2008)
• Orchid owners have option to convert warrants to equity - (9/4/2008)
• Orchid MD denies meeting Malvinder - (9/4/2008)
• Orchid may use warrants as defence - (9/4/2008)
• Ranbaxy to market Amlodipine tablets in Japan - (8/4/2008)
• Ranbaxy picks up 9.54% stake in Orchid Chemicals - (8/4/2008)
• Novartis buys stake in Nestle eyecare unit for $11 bn - (8/4/2008)
• CD Pharma to introduce 4 drugs in India with licence agreement
• Nicholas Piramal expecting 35% growth from Baddi plant
• Fortis Group cos SRL Ranbaxy & Fortis Healthworld planning stake sale to PEs
• Govt creating database of traditional Indian drugs
• Dr. Reddy's buys Italy's Jet Generici
• Ranbaxy launches Bio-generic injectable for Osteoporosis
• Dr Reddy's to acquire part of Dowpharma business
• RFCL acquires Bremer Pharma
• Guardian Lifecare in talks to raise Rs 100 cr
• Sun Pharma launches generic Ethyol in US
• Sun Pharma launches Amifostine for injection 500mg
• NGO to seek compulsory licensing of cancer drugs
• Herbal mkt to grow to Rs 14,500 cr by 2012: Assocham
• Ranbaxy’s 2007 dividend goes up to 170%
• Jupiter Bioscience eyes acquisitions in US, Europe
• Role of CFOs in Pharma Cos undergoing transformation: E&Y
• Pfizer again sues Ranbaxy over Lipitor
• Aurobindo to be on prowl again in EU
• Ranbaxy, Cipla among Indian cos in race for $200 mn drug deal
• Arch Pharmalabs Ltd changing horizons
• Cipla gets Rs 62 cr interest demand from NPPA
• Aurobindo Pharma acquires Italian company
• Sun Pharma gets US FDA nod for benzonatate
• Vitabiotics to launch 3 OTC brands in India
• Govt all set to fix profit margin for chemists
• Pharma MNCs losing turf to Indian companies
• Natco plans copy of Roche cancer drug
• Sun Pharma gets USFDA nod for anti-cough drug
• Cipla scores a generic win over Roche
• Ranbaxy fights NPPA's price control move
• Sun Pharma gets FDA nod for generic Cerebyx
• Delhi HC refuses relief to Swiss Company La Roche against Cipla
• Sun Pharma gets USFDA approval for fosphenytoin sodium injection
• US wants FDA inspectors stationed in India
• Strides Arcolab gets approval for Fosphenytoin injection
• Ranbaxy to introduce INERSAN brand in India and Nepal
• Ranbaxy Labs enters deal CD Pharma to market INERSAN
• Accenture to expand lifesciences R&D unit
• Glenmark Pharma gets US marketing rights for Clobetasol Propionate
• Sun Pharma gets USFDA approval to market generic Ethyol
• Retail pharma logs 13.9% growth in Jan
• IOL Chemicals to invest Rs 300 cr in next one year
• US FDA approves Glenmark's Nabumetone & Hydroxyzine Hydrochloride

Indian Business | Entertainment | Media Sector Latest Updates

Entertainment sector is a very diverse sector in India ranging from Multiplexes, Bollywood, Regional Movies, TV Sops, Reality game shows, Cricket live, Online entertainment, Online Gaming etc. Media Sector includes all the news channels, Magazines, News papers, other print Media, Electronic Media etc, also update yourself with latest updates from Auto Sector Updates , Jobs Sector Updates , Energy Sector Updates , Media sector Updates , Entertainment Sector Updates , Telecom Sector Updates , Banking Sector Updates , Finance Sector Updates , Healthcare Sector Updates , Biotech Sector Updates , Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.


Latest Updates of Entertainment Sector:

April 2008 Entertainment Sector Updates :

• Hollywood's Jackie Chan keen to work in Indian films - (26/4/2008)
• Michael Eisner gets star on the Hollywood Walk of Fame - (26/4/2008)
• Bollywood producers question sanctity of censor certificate
• US places India and eight others in Priority Watch List - (25/4/2008)
• Samsung looks to preload HDTV sets with music & films - (25/4/2008)
• Shopkeepers protest presence of Govinda's film unit in mall - (25/4/2008)
• Chak De...' and 'OSO' rule the roost at IIFA technical awards - (25/4/2008)
• No change in revenue sharing terms: Yash Raj Films - (25/4/2008)
• Pyramid Saimira to invest Rs 2,500 cr on expansion - (25/4/2008)
• Production boom in Bollywood despite box office lull - (25/4/2008)
• NFL cheerleaders at IPL signal reverse outsourcing - (25/4/2008)
• Bollywood turns to Lalu to prevent piracy - (24/4/2008)
• Pakistanis taking IPL like movies with popcorn: Shoaib Malik - (24/4/2008)
• IPL frenzy may hit Bollywood box office - (24/4/2008)
• Gaming portal ties up with Kolkata Knight Riders - (24/4/2008)
• KMC asks CAB, Red Chillies, Pepsi to pay tax - (23/4/2008)
• Sizzling Sehwag leads Delhi Daredevils to easy victory - (23/4/2008)
• Bollywood piracy fighters take battle to US Congress - (22/4/2008)
• Hindi version of 'Samjhota Express' to be launched in Delhi - (22/4/2008)
• Ray's Kanchenjunga to be digitally restored from copy - (22/4/2008)
• Mix of cricket, Bollywood working wonders for IPL - (22/4/2008)
• Matches & players covered for Rs 650 cr - (22/4/2008)
• Hollywood veterans build digital-age studio Filmaka - (21/4/2008)
• Nandita Das ready with her directorial debut - (21/4/2008)
• Pyramid Saimira to invest Rs 4 bn in China JV - (21/4/2008)
• Pyramid Saimira in digital film exhibition - (21/4/2008)
• Islamic comics group ties up with Chandamama for 'The 99' - (21/4/2008)
• Shotgun for film development corporation in J&K - (20/4/2008)
• Adlabs to get into megaplexes, plans 15 destinations - (20/4/2008)
• IPL action limited to host cities - (19/4/2008)
• Festival of B R Chopra's film inaugurated - (19/4/2008)
• Saimira floats JV with China Society Music - (19/4/2008)
• Kolkata Knight Riders beat Bangalore Royal Challengers by 140 runs - (18/4/2008)
• Mexico eyes Indian film industry; Kollywood takes lead - (18/4/2008)
• Cheaper costs woo Warner Bros, Disney to Bollywood - (18/4/2008)
• Ground realities improve as IPL rings in cash - (18/4/2008)
• Govt plans to monitor news channels, FM radio stations - (18/4/2008)
• City branding to ride on cricket charisma - (18/4/2008)
• Ground realities improve as IPL rings in cash - (18/4/2008)
• Hollywood, Bollywood seek to stamp out piracy together - (17/4/2008)
• Delhi to host festival of B R Chopra films - (16/4/2008)
• Manmohan Shetty plans sports film - (16/4/2008)
• 'Indian cinema catching up with international standards' - (15/4/2008)
• 'Krazzy 4' case highlights Bollywood's copyright woes - (15/4/2008)
• Compact Disc board approves raising $38.5 mn debt - (15/4/2008)
• Taare Zameen Par could change the face of education in India - (14/4/2008)
• Breaking the mould: Bollywood pegs hope on special roles - (14/4/2008)
• Parliament approval must for releasing Indian films: Rafique - (13/4/2008)
• Bollywood owes business to 10-24 age group - (13/4/2008)
• Govt gives 'in principle' approval for CAS in 4 metros - (13/4/2008)
• Summer '08 promises to be a big-bang entertainment party - (12/4/2008)
• Treading new paths is key to success in TV industry: Ravi Chopra - (12/4/2008)
• My conscience is clear: Rakesh Roshan on plagiarism charge - (12/4/2008)
• R-ADAG arm buys Digital Images for $18 million - (10/4/2008)
• PVR, Adlabs, SET Max in talks for screening rights of IPL - (10/4/2008)
• IPL serious competition for TV soaps - (9/4/2008)
• HC issues notice to Anil Kapoor, Ghai over Black & White - (9/4/2008)
• Reliance Big Entertainment buys digital images business of US firm - (9/4/2008)
• Ripleys chooses B'lore to strengthen its brand equity in India - (9/4/2008)
• Rakesh Roshan's Krazzy 4 runs into legal trouble - (8/4/2008)
• Delhi govt to evaluate CAS performance in city - (8/4/2008)
• Pyramid Saimira to produce 52 films this year
• Satyam to invest Rs 250 cr to open 104 screens by 2010
• Afghanistan set to ban Indian TV serials
• Kuwait plans film festival in India
• Bollywood stirs Britain's film sector
• Mithun Chakraborty named lifetime trustee of Phalke Academy
• Pakistani film Khuda Kay Liye released in India
• Yashraj Films's revenue-sharing terms pinch multiplexes
• India to show first Pakistan-made film in 43 years
• UTV Software likely to pick up 20 pc stake in UTVi
• Reliance Entertainment's Big cinemas ready to open in US
• Bollywood keeps glamour quotient high at Lakme Fashion Week
• Hollywood now outsources to India for visual effects
• First Indian film festival in Kuwait
• EROS to play Sony Entertainment Television, Sahara collections
• It's a royal challenge to make money in IPL
• Karan Johar to direct 20th Century Fox’s India dreams
• Batman series director teams up with Kahaani
• Shetty, Gidwani pick up majority in Frameboxx
• Hindi cinema joins race to cross LoC
• Goa govt hikes entertainment tax to 10% on casinos
• Eminent Bollywood filmmakers deliberate on success formula for box-office hits
• Global players eye flourishing Indian entertainment industry
• Nimbus plans to launch cricket web portal
• Indian entertainment industry to grow over 16 per cent a year
• Bangkok is hottest destination for Bollywood
• DD viewers to miss South Africa Test series
• Katrina Kaif bags Rs 12 cr on corporate deal
• Inox Leisure to invest Rs 400 cr in 260 screens

Media Sector Latest Updates:

April 2008 Media Updates :

• No ban on airing of any news channel: Govt - (26/4/2008)
• Prasar Bharti employees on fast-unto-death - (25/4/2008)
• New deadline for ban on Indian shows on Afghan television - (23/4/2008)
• TRAI for FM stations airing AIR content - (23/4/2008)
• Govt to review FDI cap in I&B - (23/4/2008)
• Wall Street Journal Managing Editor to resign - (22/4/2008)
• Issue of striking Prasar Bharti employees raised in Lok Sabha - (22/4/2008)
• Ex-White House press chief joins CNN - (22/4/2008)
• Mjunction in talks to buy out IPFonline for $20 million - (21/4/2008)
• Broadcast World hosts preview of TV Southasia - (19/4/2008)
• India mulls global BBC-like channel - (19/4/2008)
• INS urges centre to bring down newsprint cost - (17/4/2008)
• Regulator backs govt's plan to cut DTH licence fee - (17/4/2008)
• Newsprint price hike forces newspapers to hike ad rates - (17/4/2008)
• NDTV to evaluate restructuring options - (16/4/2008)
• Govt examining allowing FM radio channels to air news - (16/4/2008)
• DTH operators form industry body; ask govt to cut tax - (16/4/2008)
• Govt willing to speed up process of digitalisation: Dasmunsi - (16/4/2008)
• Shanda partners Zapak to bring Crazy Kart into India - (16/4/2008)
• Kasturi in talks with Fairfax Media - (16/4/2008)
• Mumbai franchisee hoping for solution to IPL-media row - (14/4/2008)
• DTH players now look to sell air time - (12/4/2007)
• Turner International for more TV channels, animation in India - (10/4/2008)
• IPL facing possible media boycott - (10/4/2007)
• STAR in talks to acquire majority stake in Asianet - (10/4/2008)
• Some media accreditation terms still harsh: Editors Guild - (9/4/2008)
• TV18 reschedules open offer for Infomedia - (9/4/2008)
• Sponsorship Battle: SRK caught between IPL, Panchavi Paas - (9/4/2008)
• Govt now to take CAS all over India - (9/4/2008)
• IPL to meet media representatives on 7/4/2008 over IPL guidelines
• US asks India to ease TV programme downlink rules
• New TV channel for British Asians to be launched
• Cyber Media acquires UBM-CyberMedia LLC
• Dish TV adds 86k subscribers in March
• Sam Balsara snaps up 51% in WPP arm Mediacom
• Sahara One ties up with NDTV Media
• Real Estate TV invests Rs 1 bn for pan-India presence
• TN cable TV operators to black out Kannada channels
• UTV founders tie up with Disney-ABC for news content
• Newspapers struggle to survive as newsprint costs surge, supplies tighten
• NDS to open new centre in Delhi
• UAE broadcaster bags IPL telecast rights
• Foreign direct investment in entertainment sector rises: PWC
• Journalists condemn attack on director of 'Prabhakaran'
• Broadcasting Authority being considered to regulate stings
• Transparent TRP system soon
• TRAI issues paper on regulating TRP
• DTH companies want TRAI to fix price
• FDI cap in DTH, IPTV may be raised to 74%
• Jadavpur Univeristy to introduce community radio service
• Pyramid Saimira enters broadcasting arena, Chinese markets
• Times Internet appoints Zenith as media agency
• CAG slams Prasar Bharati for overpayment to BCCI
• CyberMedia acquires California-based TDA Group

Indian Business | Telecom Sector latest updates

Telecom sector in india consists of big names of world communication industry. there are various big telecom companies which are providing services in India like Vodafone, BSNL, Airtel, Nokia, Tata Teleservices, Aditya Birla Group, Spice telecom, Essar telecom, BPL mobile and the latest entry of Virgin mobile in India. The rates and call prices of telecom sector are controlled by TRAI (Telecom regulatory authority of India). Annual turnover of telecom industry is in billions of dollars and companies are making huge profits thanks to large population of india . also update yourself with latest updates from Auto Sector Updates Jobs Sector Updates Energy Sector Updates Media sector Updates Entertainment Sector Updates Telecom Sector Updates Banking Sector Updates Finance Sector Updates Healthcare Sector Updates Biotech Sector Updates Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Latest Updates from Telecom Sector:

April 2008 Telecom Sector Updates:

• Bharti to spend $3.4 billion on capex in 2008/09
• Cell phone majors ring up stars to count sales figures
• Govt signs 120 telecom license agreement with 16 companies - (24/4/2008)
• BSNL mulling hiving off infrastructure biz into separate co - (24/4/2008)
• BSNL mulling BlackBerry services launch - (24/4/2008)
• Raja allocates spectrum to new telcos in Orissa - (24/4/2008)
• Reliance Communications buys UK-based WiMAX operator - (24/4/2008)
• Laws to be amended to ensure telecom services in rural areas - (24/4/2008)
• Unitech gets start-up spectrum for Tamil Nadu - (24/4/2008)
• Alcatel-Lucent plans foray into managed services in India - (24/4/2008)
• Vodafone honcho to lead Indus Towers - (24/4/2008)
• Middle East players eye Datacom - (24/4/2008)
• Govt denies permission to Tata for Blackberry service - (23/4/2008)
• IKSL to launch mobile marketing services in TN before Sept - (23/4/2008)
• Govt tightens telecom M&A norms - (23/4/2008)
• AT&T in talks with Malaysia's Maxis for Aircel stake - (23/4/2008)
• Nokia signs Sony BMG for free music offering - (22/4/2008)
• Govt announces telecom licenses mergers & acquisition norms - (22/4/2008)
• Shyam closes in on Rs 5,000 cr infra-sharing deal with RTIL - (22/4/2008)
• Koor quits Tata Tele stake talks - (22/4/2008)
• BSNL calls up private cos for tower sharing - (22/4/2008)
• France Telecom gets DoT nod for long-distance operations - (22/4/2008)
• DoT plans limited 3G auction by end of year - (21/4/2008)
• Infinite eyes acquisition in US, plans to raise Rs 200 cr - (20/4/2008)
• Spectrum crunch may force DoT to spike fresh LoIs - (19/4/2008)
• Panel slams DoT, DIT for poor fund use - (19/4/2008)
• ATC out of race for Tata tower stake - (19/4/2008)
• Tata Indicom offers 49 paise-per-minute local call - (18/4/2008)
• Airtel launches new prepaid recharge coupon for Delhi, NCR - (18/4/2008)
• Tata Indicom auctions VIP mobile numbers - (18/4/2008)
• RCom adds 1.62 million new mobile users in March - (18/4/2008)
• Spectrum crunch may force DoT to spike fresh LoIs - (18/4/2008)
• Unitech, Videocon & Shyam telecom in talks for infrastructure sharing - (18/4/2008)
• Free SMS service for Way2SMS users - (17/4/2008)
• Govt may engage foreign cos to encrypt contents on Blackberry - (17/4/2008)
• BSNL, MTNL lose 46 lakh landline connections in 2007-08 - (17/4/2008)
• Procall launches first digital PTT service in India - (17/4/2008)
• BSNL to appoint private recovery agents to recover dues - (17/4/2008)
• Reliance Communications adds 1.62 mn users in March - (17/4/2008)
• Inflation taking toll on sales of mobile phones - (17/4/2008)
• Tata Teleservices to buzz PEs for $1 bn - (17/4/2008)
• BSNL losing 8 per cent mkt share annually to private operators - (16/4/2008)
• Blackberry issue between DoT and RIM, says Bharti Airtel - (16/4/2008)
• GSM Association appeals to govt for reducing levy - (16/4/2008)
• India targets 500 mn mobile subscribers by 2010 - (16/4/2008)
• Tatas get GSM spectrum in Tamil Nadu under dual technology - (16/4/2008)
• BSNL, MTNL networks may delay number portability rollout: TRAI - (16/4/2008)
• DoT begins GSM spectrum allocation - (16/4/2008)
• BSNL takes private route, to hire towers from 6 companies - (16/4/2008)
• Reliance to launch private label in mobile accessories -(16/4/2008)
• Vodafone to give Om Shanti Om DVD under new schemes - (16/4/2008)
• MTNL unveils 'Lost Mobile Tracking System' - (15/4/2008)
• Blackberry services still under security cloud - (15/4/2008)
• Reliance Communications unit to land cable in Cyprus - (15/4/2008)
• Govt, BlackBerry to meet on April 21 on security fears - (15/4/2008)
• Virgin Mobile tariff cheaper by 25-30% - (15/4/2008)
• Govt starts allocating GSM spectrum to new players - (15/4/2008)
• Nokia launches new phone with electronic wallet - (15/4/2008)
• Qualcomm picks up equity in Indian firm - (15/4/2008)
• Quippo to invest $3 bn for boosting telecom infrastructure biz - (14/4/2008)
• Tata Communications expands VPN services to Egypt - (14/4/2008)
• Money in mind, PMO may force release of spectrum - (14/4/2008)
• GTL aims to earn half its revenue from overseas by ‘10 - (14/4/2008)
• Sunil Mittal on ITU Telecom Board - (14/4/2008)
• Not bound to furnish Virgin details: Tatas to TRAI - (14/4/2008)
• Shyam to seek Pan-India licence - (14/4/2008)
• Telecom sector likely to post 37% revenue growth in Q4 - (14/4/2008)
• Sunil Mittal inducted into ITU Telecom Board - (13/4/2008)
• BSNL fined Rs 50,000 in Himachal - (13/4/2008)
• Sistema to launch services by April09; aiming more M&As - (13/4/2008)
• GTL aims to earn half of its revenue from overseas by 2010 - (13/4/2008)
• Green phones still a few years away: Nokia - (12/4/2008)
• Mobile number portability by June '09 - (12/4/2008)
• Business pacts of mobile cos, RIM under DoT lens - (12/4/2008)
• Indian market ripe for 3G spectrum - (12/4/2008)
• March sees record 7.6 mn new GSM users - (12/4/2008)
• India surpasses US as second largest wireless market - (11/4/2008)
• GTL earmarks Rs 1,000-cr for overseas acquisitions - (11/4/2008)
• Govt sets up Export Promotion Council for telecom sector - (11/4/2008)
• Mobile firms add 7.3 million GSM users in March - (11/4/2008)
• TRAI favours mobile number portability by 2009 - (11/4/2008)
• Country sees telecom exports at $2.5 billion by 2011 - (11/4/2008)
• Foreign companies may get to bid for 3G spectrum - (11/4/2008)
• DoT asks RIM to show data interception - (11/4/2008)
• Minutes of cellular usage & SMS per user hit new low - (11/4/2008)
• Telcos move beyond talk, bet on value-added services - (10/4/2008)
• 3G spectrum set to get costlier - (10/4/2008)
• Now, finmin wants one-time fee for every MHz - (10/4/2008)
• Radio frequencies may get dearer, telecom operators angry - (10/4/2008)
• Maharashtra govt to make policy for setting mobile towers - (9/4/2008)
• Nokia releases Rabbi Shergill songs on Nseries mobiles - (9/4/2008)
• UAE's Etisalat plans India purchase before May - (9/4/2008)
• GTL, Essar set to merge tower business in $2 bn deal - (9/4/2008)
• DoT plans to reserve eGSM band for new CDMA players - (9/4/2008)
• SC reserves judgement on Tata-Birla row on Idea - (8/4/2008)
• NetCracker to invest $50 mln; form JV with telecos - (8/4/2008)
• Government may release GSM spectrum to new players in 2 days - (8/4/2008)
• Subex bags a contract from Fintur Group - (8/4/2008)
• IIT-K grads plan to revolutionise rural telecom - (8/4/2008)
• Tatas may appeal against Dutch court verdict on Flag - (7/4/2008)
• Sunil Mittal denies forming cartel with other telecom players - (7/4/2008)
  
  - Flag-VSNL dispute: Hague court decision favours Flag
  - RCom forms JV in Sri Lanka
  - TRAI to put ceiling on channels' DTH rates
  - Tatanet bags order from Telecommunications Consultants
  - Videocon picks UBS as advisor for Motorola handsets deal
  - Dhoot confident of Motorola handset unit takeover
  - Mobile services boom in India
  - Siemens acquires US-based Morgan Construction
  - TRAI to present views on FI limit in broadcasting
  - Tata Teleservices gets CDMA spectrum for 3 circles
  - Bharti says looking at acquisitions in emerging mkts
  - Bharti, RCom, Tata & BSNL to invest over $4 bn to build undersea links
  - Airtel, Vodafone Essar, Idea to face MRTPC probe
  - Ministry of Home Affairs calls up Research In Motion, DoT over BlackBerry
  - Videocon telecom arm in JV talks with global cos
  - Telcos can now jointly bid for USOF support
  - Ramboll, Danish agency to jointly buy 78% in IMIsoft
  - MobileStore launches online sales operation
  - Shyam-Sistema first to get start-up spectrum
  - MRTPC issues notice against Bharti, Vodafone for cartelisation
  
  
  March 2008 Telecom Sector Updates:
  - DigiBee's new software could cut mobile phone costs
  
  - Nokia Siemens Networks bags broadband contract from BSNL
  
  - Cellular towers near schools, colonies may be banned
  
  - OnMobile first to enter mobile tech business in India
  
  - Nokia production reaches 125 mn in India
  
  - DoT wants BlackBerry servers in India
  
  - DoT clears Tata-Virgin deal
  
  - Nokia brand worth Euro 35 billion, at number 5 globally
  
  - TRAI hangs up on ADC, rings in cheaper calls
  
  - ITI banks on JVs for turnaround
  
  - Indian telcos wiring up to go all wireless
  
  - Mobile tariffs may fall further after ADC goes
  
  - TRAI decides to phase out levy on telecom operators
  
  - Tata Indicom-PayMate to offer flight ticket booking on mobile
  
  - Motorola to split into two companies
  
  - Sixth Pay panel advises closure of Telecom Commission
  
  - Bharti starts mobile services in Guernsey
  
  - Neotel buys Transtel for Rs 120 cr

Indian Business | Jobs Sector Latest Updates

With increase in Fdi's there have been a lot of growth in job sector in India and it has been predicted that in 2008 hospitality industry would provide largest job oppurtunities ahead of the IT sector which has been market leader in providing jobs to fresh graduates and use them as tech coolies. also update yourself with latest updates from Auto Sector Updates Jobs Sector Updates Energy Sector Updates Media sector Updates Entertainment Sector Updates Telecom Sector Updates Banking Sector Updates Finance Sector Updates Healthcare Sector Updates Biotech Sector Updates Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.
Job Sector Latest Updates / Latest Jobs Openings:

April 2008 Jobs Updates :

• ICSI targets to create pool of 50000 professionals by 2015 - (20/4/2008)
• IT industry goes slow on hiring, courtesy US slowdown - (19/4/2008)
• Govt set to outsource recruitment for jobs - (19/4/2008)
• Gokak to recruit 400 hearing and speech impaired personnel - (18/4/2008)
• Australian bank to shift 500 jobs to India - (18/4/2008)
• Qatar set to ease sponsorship laws for foreign workers - (18/4/2008)
• SC, HC judges discuss 10-fold salary increase - (18/4/2008)
• IIT-M grads prefer old economy to new - (18/4/2008)
• Executive hiring set to slow in Asia - (17/4/2008)
• IITians prefer India over foreign nations for career avenues - (16/4/2008)
• Overall global employment expected to increase by around 40 mn - (16/4/2008)
• Infosys workforce to cross 100,000 mark this year - (16/4/2008)
• Malaysia to stop using foreign workers, says minister - (16/4/2008)
• Indians top Norway list of skilled workers - (16/4/2008)
• KPMG to add 2,000 more employees in India by ’10 - (15/4/2008)
• CSIR unveils incentives for its scientists - (13/4/2008)
• Sixteen GNDU students placed with Tech Mahindra - (12/4/2008)
• Labour Commissioner asks for implementing minimum wages - (12/4/2008)
• Andhra Pradesh starts overseas recruitment agency - (12/4/2008)
• Nath aims to bring 1 crore new jobs - (12/4/2008)
• Indians not paid for seven months in Kuwait - (11/4/2008)
• Bihar's highest migrant earnings come from Delhi - (11/4/2008)
• Failing to recruit qualified engineers, UK firm turns to India - (11/4/2008)
• Bill to impose sanctions against nations who refuse to take back illegal migrants - (11/4/2008)
• RIL's Jamnagar refinery is a rich well of talent - (11/4/2008)
• Indians may get a quick passage to Canada - (11/4/2008)
• Salaries of management graduates jump 22% this year: Report - (9/4/2008)
• Diverse backgrounds find favour with employers - (9/4/2008)
• Temporary staffers continue to find favour with India: Study - (9/4/2008)
• Innovation is the key for retaining talent too - (9/4/2008)
• 107 officers seek pre-mature retirement in 15 days - (8/4/2008)
• Indian finance executives get highest pay hike in Asia - (8/4/2008)
• Pvt life insurance cos in the hunt for sales team leaders - (8/4/2008)
• No slowdown impact on B-School placements - (8/4/2008)
• Expats make up 99 per cent of private sector staff
• Job losses hit; recession fears begin to haunt
• Defence ministry to look into pay problems: Antony
• PSUs seek freedom to fix variables like allowances and perks
  - HUL AGM okays higher pay for honchos
  
  - MIC seeks 8% job quota for Malaysian Indians
  
  - India plans joint labour management system with UAE, Bahrain
  
  - HUL announces performance-linked bonus for staff
  
  - Value of Indian workers' wages in Gulf may fall
  
  - Indian doctors, nurses in demand in UK, US
  
  - ISB 2008 batch gets Rs 19 lakh average placement offer
  
  - Orissa police personnel demand salary hike
  
  - Accentia to increase headcount to 5,500 by end of FY09
  
  - Samsung to hire 2,000 engineers by 2010
  
  - More ISB graduates join crorepati club
  
  - Lack of skilled manpower threat to PE companies
  
  - Sushma Nath to be new expenditure secy
  
  - Shareholders fret as PSU employees celebrate pay hike
  
  - Coffee chain growth makes brewing a better career option
  
  - Law firms hike salaries to retain talent as foreign cos troop in
  
  - Sushma Nath to be new expenditure sectary
  
  - Expats warm up to growth sectors as salaries zoom
  
  - India, Kuwait agree on model contract for jobseekers
  
  - Govt employees to get effective salary hike of 28%
  
  - Flexible hours will help women take care of kids
  
  - Pay panel's performance-based scheme to energise employees
  
  - No more 'Sahayaks' for Para-Military officers: Pay Commission
  
  - Haryana to implement 6th Pay Commission recommendations
  
  - NTPC to step up hiring of engineers
  
  - IT cos, investment banks eye economics graduates

Indian Business | Energy Sector latest Updates

Energy sector is very important sector of indian economy as it includes some of the heavy weights of indian industry like ONGC, Hindustan Petroleum, Indian Oil, Bharat Petroleum, Reliance group, Suzlon etc. Updates in energy sector have a lasting impact on indian economy. also update yourself with latest updates from Auto Sector Updates , Jobs Sector Updates , Energy Sector Updates , Media sector Updates , Entertainment Sector Updates , Telecom Sector Updates , Banking Sector Updates , Finance Sector Updates , Healthcare Sector Updates , Biotech Sector Updates , Pharmaceuticals Sector Updates - and get the comprehensive news about growth of indian economy.

Energy Sector consists of both power and Oil and Gas sector which includes many heavyweights of indian industry.

Latest Updates of Energy Sector:

April 2008 Energy Sector Updates :

Power Sector Updates:

• Chinese cos power into equipment market here - (21/4/2008)
• R-ADAG puts Rosa project on fast track - (20/4/2008)
• Haryana to strengthen power generation - (20/4/2008)
• ADB lends $113 mn to India wind power projects - (20/4/2008)
• L&T-MHI set to bag Rs 48,000-cr equipment order - (19/4/2008)
• CLP India to invest Rs 500 crore in Samana power project - (18/4/2008)
• Himachal to provide 2000 MW power to northern states: Dhumal - (18/4/2008)
• DVC poised to become 2nd largest power producer: Ramesh - (18/4/2008)
• Suzlon Energy bags orders for wind farm projects in China - (18/4/2008)
• Power ministry sends new name for NTPC top slot - (18/4/2008)
• GMR buys 5% in S African mine co - (18/4/2008)
• R-ADAG’s Rosa power plant ahead of schedule - (18/4/2008)
• GMR Energy acquires 5 pc stake in South African co - (17/4/2008)
• PGCIL seeks loan from World Bank, ADB - (17/4/2008)
• Power Grid plans Rs 8,040 crore FY-09 capex - (17/4/2008)
• KLG Systel to invest Rs 1.25 bn in power unit - (17/4/2008)
• BHEL may bag NTPC deals at set price - (17/4/2008)
• PFC to issue proposal for Tilaiya UMPP by May 30 - (16/4/2008)
• Bidding process on for UMPP in Jharkhand - (16/4/2008)
• Reliance Power to complete $2 bn ECB issue next month - (15/4/2008)
• BHEL-led consortium may sell Rs 55k-cr equipment to NTPC - (15/4/2008)
• No holds, bar: Reliance Power gets nod for $2-b ECB float - (15/4/2008)
• GVK Power may hive off energy arm - (14/4/2008)
• NHPC to form JV with J&K’s power utility - (14/4/2008)
• Don't ride Re power for overseas M&As: KPMG - (14/4/2008)
• Centre to increase Delhi's electricity quota by 10% - (13/4/2008)
• PM says no to bio-fuel production out of foodgrains - (13/4/2008)
• Haryana to add 5,000 MW of power generation capacity - (12/4/2008)
• TN taking steps to make state power surplus - (12/4/2008)
• Maharashtra sugar co-ops to produce 1,000MW surplus power - (11/4/2008)
• Haryana to spend Rs. 722 crore on strengthening electric transmission - (10/4/2008)
• NTPC to double coal imports in 2008/09:chief - (10/4/2008)
• Govt to slap pre-condition on foreign power equipment cos - (10/4/2008)
• Areva sees robust growth, plans to increase headcount - (10/4/2008)
• Areva T&D targets to double turnover; to invest Rs 700 crore - (9/4/2008)
• No interim relief to Reliance Power in UP land acquisition case - (9/4/2008)
• DHBVN to set up 59 sub-stations of 33 kv - (9/4/2008)
• IFC to lend Rs 1,800 crore to Tata's power project - (9/4/2008)
• Areva T&D India sees sales doubling by 2010 - (9/4/2008)
• World Bank approves $450 mn for Tata Mundra project - (9/4/2008)
• Give power to the people or hang head in shame: Jairam - (9/4/2008)
• Tata to set up 30 mw power unit in Haldia - (9/4/2008)
• Areva T&D bags Rs 418 crore order from Essar Constructions - (8/4/2008)
• RIL, Bhel consider JV for solar fab units - (8/4/2008)
• Four companies shortlisted for solar power projects in Punjab - (7/4/2008)
• APTEL rejects PGCIL plea on outages due to maintenance - (7/4/2008)
• NED Energy completes Gulf Powerbeat buy - (7/4/2008)
• India seeks energy cooperation with Kazakhstan - (7/4/2008)
• Domestic JV to power BHEL overseas buys - (7/4/2008)
• Lanco to invest Rs 18,000 cr for hydro power by 2015 - (7/4/2008)
• BHEL, NPCIL to float N-power equipment JV
• REL's plea on nod to PPA between Tata Power and BEST adjourned
• BHEL bags Rs 50,000 cr order to supply critical equipments
• BHEL, NPCL floats JV for nuclear power projects
• Indiabulls Power receives LoI for Chattisgarh power plant
• BHEL, NPCIL to sign JV agreement on Friday
• NLC achieves all time high performance in lignite production
• PTC India ventures into wind energy sector
• NTPC, UP govt enter JV to set up power plant
• Suzlon Energy's US arm bags 200 MW order
• ADB to give $600 million loan to Power Grid Corp
• PFC floats consultancy arm

Oil and Gas Sector Updates:

• Assam Company for more aggressive in Nelp VII, to raise $ 250-300mn - (21/4/2008)
• Refining margins may pump up RIL net by 35% - (21/4/2008)
• SMEs hit legal hurdles at various stages of growth - (21/4/2008)
• Hong Kong's CLP seeks more natural gas for its project - (20/4/2008)
• Saudi welcomes Indian cos to invest in its energy sector - (20/4/2008)
• India wants to participate in Saudi oil exploration - (20/4/2008)
• ONGC launches redevelopment work on Mumbai High South field - (19/4/2008)
• India Oil wants to market aviation fuel in Sri Lanka - (19/4/2008)
• Govt postpones bidding date for 57 oil & gas blocks - (18/4/2008)
• No need to reveal basis for cheap petrol through cards: CIC - (18/4/2008)
• Govt likely to postpone NELP-VII bid date to May 9 - (17/4/2008)
• IOC refinery to lose tax rebate benefits under proposed Clause - (17/4/2008)
• Asian Naphtha: ONGC offers 35,000 T for May - (17/4/2008)
• Oil at $115 record as dollar, US fuel stocks fall - (17/4/2008)
• Jamnagar refinery ahead of schedule - (17/4/2008)
• Reliance pipeline co files SLP against Andhra HC stay - (17/4/2008)
• OIL, IOC signs pact for oil exploration in Yemen - (16/4/2008)
• RPL to complete Jamnagar refinery project ahead of Dec - (16/4/2008)
• India imports 38% more crude oil in 11 months of FY'08 - (16/4/2008)
• Oil regulator asks IGL to halt setting up new stations - (16/4/2008)
• Venezuela approves law taxing foreign oil companies' windfall profits - (16/4/2008)
• Shell may offer $6.7 bn for 30% stake in RIL's D-6 block - (16/4/2008)
• Tax rejig for gas firms may hurt RIL - (16/4/2008)
• IGL expansion plans put on hold - (15/4/2008)
• Oil scarcity hits Mizoram as tanker drivers agitates - (15/4/2008)
• China Gas, Gail to tie-up for Coal Bed Methane blocks - (15/4/2008)
• GAIL, Arrow may join coal gas project: China Gas - (15/4/2008)
• Aban Offshore gets contract worth about $34 mn - (15/4/2008)
• IOC to import 36 million tonnes crude in '08/09 - (15/4/2008)
• India to take up IPI project with Pak - (15/4/2008)
• RIL sees Saudi dreams in Jizan oil refinery - (15/4/2008)
• OVL qualifies for oil and gas contracts in Iraq - (15/4/2008)
• OMEL to partner Total in Nigeria - (15/4/2008)
• Musharraf wants involvement of China in IPI project - (14/4/2008)
• OVL qualifies for oil, gas contracts in Iraq - (14/4/2008)
• India to meet Pak on Apr 25 on IPI gas pipeline - (14/4/2008)
• Petronet to buy 15 more spot LNG lots this fiscal - (14/4/2008)
• RIL in talks with BG, Chevron, Exxon for stake sale - (14/4/2008)
• IOC losing Rs 320 cr per day on fuel sales - (14/4/2008)
• IOC fiscal '08-09 capex seen at Rs 75 bn - (14/4/2008)
• IOC wants fair share of KG gas - (14/4/2008)
• IOC, Petronet in joint talks with Exxon for LNG supply - (14/4/2008)
• Nelp-VII may fade into the distance - (14/4/2008)
• Government asks oil producers to rethink policy - (13/4/2008)
• LPG cylinders containing half of the specified gas: Haroon Yusuf - (13/4/2008)
• Borrowings going up every month, says IOC chief - (12/4/2008)
• Indian Oil takes LNG to doorsteps of companies - (12/4/2008)
• Govt for lifting RIL gas sale stay - (12/4/2008)
• Govt a party to RIL-RNRL case - (11/4/2008)
• OVL may get to dig 2 more blocks in Venezuela - (11/4/2008)
• RIL to sell up to 10% in KG basin - (11/4/2008)
• NTPC in talks with oil firms for blocks bid - (10/4/2008)
• RIL in talks with foreign firms to sell 10% stake in KG Basin D6 block - (10/4/2008)
• Reliance in talks with foreign firms on D6 block - (10/4/2008)
• L&T eyes new Cairn oil pipeline contract - (9/4/2008)
• India keen to partner IPI gas project: Iran - (9/4/2008)
• ONGC Videsh, Petroleos to develop oil field in Venezuela - (9/4/2008)
• BG to sell LNG in India later this year - (9/4/2008)
• Venezuela to supply 150,000 bpd of oil to Reliance - (9/4/2008)
• India, Venezuela sign gas and oil agreement - (9/4/2008)
• Energy tribunal APTEL raps petroleum sector regulator on lack of guidelines - (8/4/2008)
• IOC seeks June sweet crude - (8/4/2008)
• RIL team strikes oil in Yemen - (8/4/2008)
• OVL to sign pact for 40% stake in Venezuelan field
• RIL to make rigs, invest $2.5 bn in gasification project
• Green Power International eyes Rs 400-cr turnover by 2011
• Deora to meet Pak, Iran officials on gas pipeline issue
• OVL to invest $450 mn in Venezuela
• India, Turkmenistan ink MoU on cooperation in oil sector
• US to provide technical assistance to HPCL
• Jindal Drilling buys 49 pc in Singapore firm
• Deora asks PM to cut customs duty on crude oil
• HPCL awards May-Oct term naphtha; plus $15/tonne
• Natural gas regulator lays down retail rules
• Reliance strikes new gas find in Krishna basin
• GAIL signs contract for PMT gas
• 'Pak committed to IPI project'
• Gujarat Gas signs supply pact with GAIL India
• Reliance says finds more gas off east coast
• GAIL India to buy 17.3 mmscmd PMT gas
• OVL makes $1 bn offer for three blocks in Angola
• Oil regulator lays down criteria for city gas projects
• GAIL signs contracts to takeover PMT gas marketing
• RPL eyes $500 million for Jamnagar SEZ refinery

March 2008 Energy Sector Updates:

Power Sector:

- PFC floats consultancy arm

- Inverters, generators demand in NCR to grow by 30 pc

- NTPC gets investment cap waiver

- Power in Punjab cheap by 3.5 pc from April 1

- NHPC commissions all 3 units of Teesta-V

- HPDC to launch awakening campaign

- Three hydel projects of Narmada Valley to be assigned to NHEDC

- Rel Energy arm wins Rs 1,200-cr Rel Power deal

- Power Grid signs for $1.2 bn loan from ADB, World Bank

- PGCIL aims Rs 5,400 crore turnover in FY09

- ONGC to fuel NEEPCO's power plant in Tripura

- Nigeria invites Indian firms to invest in power sector

- GEI Industrial bags Rs 30 cr contract from Essar

- Reliance Power to seek shareholders nod for bonus issue

- Jyoti Structures bags Rs 253 cr contracts from Uganda Electricity Transmission

- XL Telecom bags Rs l53.9 cr order to supply solar panels

- Morgan Stanley buys 3.85% in Sujana Towers

- Reliance Power speeds up Sasan plan

- With level playing field you can't compete with NTPC: CMD

- Delhi will have surplus power by 2010

- New power project coming up in Kashmir

- Tatas, RPower submit RFQ for Rajpura Thermal Power Project

- Larsen & Toubro to add thermal power equipment capacity

- World Bank approves $600 million loan to Power Grid Corporation of India

Oil & Gas Sector latest Updates:

- GAIL signs contracts to takeover PMT gas marketing

- RPL eyes $500 million for Jamnagar SEZ refinery

- IOC to focus on cleaner fuels in FY'09

- Rajasthan asset costs at $1.8 bn: Cairn India

- BPCL files DRHP for JV setting up refinery in MP

- Oil prices below $105 in Asian trade

- Reliance, BG refuse to sign Panna/Mukta gas deal

- Govt in a fix over Reliance's decision to close petrol pumps

- India likely to sign deal for Iran projects in April: ONGC

- Bhagawati Gases enters into MOU with Russian co

- Gail to transmit 81.5 mmscmd of gas a day in 2008-09

- Australian construction co bags $720 mn contract from ONGC

- Reliance Industries to shut its retail petrol pumps

- BP may enter into pact with Cals for refinery at Kolkata

- HC notice to Centre, IOC on shortage of cooking gas

- IOC bags Petrofed's 'Oil & Gas Corporate of the Year' award

- GAIL awarded Oil & Gas Pipeline Transportation Co of the year

- MRPL to shut 120,000 bpd crude unit in March