Archive for October, 2008
Indian SMEs positive about growth despite slowing economy
livemint.com
A large number of small and medium enterprises (SMEs), remain confident that their business will grow over the coming year despite a slowing Indian economy and tight credit markets, says a survey by Kadence Research India.
The research firm surveyed 300 SMEs across Delhi, Mumbai, Chennai and Kolkata that employed an average of 34 employees. The [...]
Ispat Energy plans to produce bio-CNG
The Hindu Business Line :
Ispat Energy Ltd, a subsidiary of Ispat Industries Ltd, has plans to invest about Rs 1,000 crore in the current fiscal for producing bio-CNG from pressmud, a byproduct of sugarcane processing.
Biogas is extracted from pressmud, and it is further chemically treated to produce bio-CNG. The gas produced can be used [...]
Cinepolis plans $350-m India show, scouts for local partners
The Economic Times
Leading global multiplex player Cinepolis is entering India. The Mexico-based firm, considered to be the fifth-largest cinema operatorglobally, has initiated talks with real estate developers in the country for its multiplex operations. Once it starts operations, it would become the only international multiplex player in the domestic market.
According to sources, Cinepolis India, which [...]
Mexico flavour at Bangalore IT.biz 2008
The Economic Times
Mexico would be the flavour at this year’s Bangalore IT.biz 2008 here from November 6 with the ICT event getting the backing of more than 100 companies including the likes of Infosys, Microsoft, Intel and IBM.
As a partner country, Mexico would send a 50-strong delegation that would include the Minister of Economy, government [...]
Wood scarcity hurting Indian paper sector
The Economic Times
Paper demand in India is increasing nearly 8% annually and supply has not been able to keep pace. Globally also paper capacity is shrinking. Woodprices, stable for several years, are going up due to farmer revolts over plantation land in South America, exorbitant export duty on wood by Russia, warm weather in Scandinavia [...]
Economic crisis hits as Brazil builds
Los Angeles Times
[I]n recent weeks, the credit crunch has begun to affect plans near and dear to Lula’s heart, including a $250-billion Growth Acceleration Program in partnership with private industry. The plan was designed to make up for a 25-year deficit in public works construction since currency devaluations and hyperinflation plagued Brazil in the 1980s [...]
South America says no to protectionism on meltdown
International Herald Tribune
Top South American officials holding an emergency meeting to discuss the world economic crisis decided Monday that protectionist policies adopted throughout the region in past decades would be a serious mistake.
Foreign and finance ministers from Mercosur economic bloc nations also said they would try to forge a coordinated macroeconomic response to buffer South [...]
Indian Govt wants to remove incentive cap for wind energy projects
Business Standard
The central government is planning to remove the incentive cap in wind energy which is currently restricted to projects up to 49mw.
The government decision is to encourage more foreign investors to invest in various wind energy projects, according to a senior representative from the Ministry of New & Renewable Energy (MNRE).
MNRE is also [...]
Laying foundations of a world of green buildings in India
The Financial Express
Green construction is getting popular by the day. Today, green buildings covering 67 million sq ft are being constructed all over the country, up from the 20,000 sq ft in 2003, according to the CII-Godrej Green Building Council, Hyderabad. The figure is expected to be one billion sq ft by 2014.
Developed by the [...]
Crunch yet to take bite out of India Inc’s sales
The Economic Times
Even as economists and government officials are busy revising India’s GDP growth estimates downwards, demand slowdown, it appears, is yet to hit India Inc.
An ET study of early birds — companies who have announced their financial results for the quarter ended September 30, 2008 — shows that aggregate net sales for 175 firms [...]
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