Indian Shares

Indian Inflation

2008-02-24T16:40:15.2370000-06:00

Inflation in India rose more than expected in early February to a six month high on rising food prices and fuel prices. Inflation remains below the Indian central bank's target rate of 5% but economists say it could breach that level in the near future"

More info food and fuel .

Indian Ecomomy sees bigger growth than expected in 2007

2007-09-01T13:11:08.1600000-05:00

India's economy is growing faster than expected, according to official data, on the back of steady farm growth and strong manufacturing and services. Gross Domestic Product (GDP) grew 9.3% in the April to June quarter from its level a year earlier.

The figure, from the Ministry of Statistics, had been expected to fall to 8.9% from the 9.1% recorded in the quarter between January and March. The central bank expects growth of 8.5% for the whole of this year.

Microsoft to Distribute Free Software in India

2007-08-27T13:59:00.3630000-05:00

Microsoft announced today that it will distribute free software to nonprofit groups to boost charity in India. The software donation will be routed through a technology assistance program that India's NASSCOM Foundation is offering in partnership with TechSoup.

SAP specialist Genovate Solutions opens 5 new Indian offices

2007-08-25T03:57:28.1450000-05:00

Genovate Solutions Pte Ltd of Singapore, a provider of business IT solutions today announced the establishment of five new offices in India, increasing the company's total presence to 12. Genovate's major lines of business at present includes, SAP solutions training both Instructor led and e-learning, SAP Consulting/ Implementation & Maintenance Services for Mid Markets, RapidStart (Integrated Retail and Business Management software) and Knowledge Window Asia Pacific (KWAP) Training Centre.
Revenue from International Operations are expected to contribute up to 70 to 80% of Genovate's total annual Revenues, with 40% of this from the Indian market alone. To support the growing market demand for business solutions in India, these new offices will be established in Hyderabad, Thane, Bangalore, Baroda and Lucknow, to further increase Genovate's ability to provide better information technology solutions, sales of products and services, information technology training and education, as well as consulting and implementation services in respect thereof.

TATA looks at Jaguar and Land Rover brands

2007-08-24T10:24:26.9570000-05:00

India's Tata Group has confirmed that TATA is interested in acquiring Jaguar and Land Rover from their parent, Ford. The BBC reports that while speaking to Indian TV, Ratan Tata lifted his previous refusal to speculate on a possible Tata bid for the legendary British brands. He said Tata's interest in Jaguar and Land Rover stemmed from a desire to expand its global presence.

Asian growth forecast raised by ADB

2007-03-29T14:25:50.1960000-05:00

"The Asian Development Bank (ADB) has raised its forecast for Asian growth, saying that stronger consumer spending will help offset weaker exports." Full Article....

Tata deal approved by Corus shareholders

2007-03-12T18:28:37.3640000-05:00

Shareholders in the steelmaker Corus have overwhelmingly voted to accept a £5.75bn takeover offer from Indian firm Tata Steel. More than 97% of its shareholders backed the deal at an extraordinary general meeting, creating the world's fifth-largest steel group. More than 97% of Corus shareholders backed the deal.

The Independent profiles investing in India

2007-03-10T17:39:07.3790000-06:00

"No longer is India seen as one of investment's wild frontiers, where you can make big bucks if you take big risks. Increasingly, Western companies are viewing India as a market in which they simply can't afford not to be present."

Source: The Independent

Tesco looks to expand in India

2007-03-10T17:37:31.8480000-06:00

Various news articles are reporting that UK giant Tesco is looking to expand into India with Mahindra & Mahindra rather than the Tata group.

36 Indian Billionaires on Worlds Rich List

2007-03-10T17:32:13.7703750-06:00

"Some 36 Indian billionaires led by Lakshmi Mittal, the steel magnate, now feature on the list, boasting a total wealth of $191 billion between them."

Source: The Times

Argos establishing Indian presence

2007-03-04T15:40:08.7730000-06:00

The BBC reports that:

"The Argos retail name is to be taken to India through a franchise deal with two of the country's leading store chains. Argos will license its brand and product catalogue for use in retail outlets in India, with the first due to open in Mumbai later this year. Argos, which is part of the Home Retail Group, said the deal would give it a "foothold" in a fast-expanding market."

Several other British retailers including Mothercare have used the franchise model to enter India.

Renault and Nissan set up Indian Joint Venture

2007-03-04T15:37:45.3190000-06:00

Renault and Nissan are setting up a joint venture with India's Mahindra & Mahindra to build a new $900m (£458m) car plant in the city of Madras (Chennai). Mahindra, India's fourth-largest car firm, will own 50% of the venture with its partners controlling the rest. Production is expected to start in 2009 with the target of producing 400,000 cars a year.

Foreign firms are flocking to India because of the economy's strong growth and low costs. With Ford and Hyundai having already opened plants in Madras (Chennai).

Vodaphone grabs Indian Mobile market share

2007-02-12T16:27:44.6250000-06:00

Vodaphone has completed the purchase of 67% of shares in Hutchison Essar, beating off a bid from Reliance Communications. The capture marks a shift in strategy as Vodaphone moves away from the Swiss and Belgian mobile phone markets to emerging economies. The Indian mobile phone market is witnessing fantastic growth at present.

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