ONGC pays Rs.6,844 crore as dividend (Business Capsule-Two)September 23rd, 2009 NEW DELHI - State-run upstream major Oil and Natural Gas Corp (ONGC) Wednesday said it has paid Rs.6,844 crore as dividend for 2008-09. ONGC shareholders approved a dividend payment of of Rs.14 a share, which along with the interim dividend of Rs.18 a share totals to Rs.32 a share.
Government, industry body to jointly promote IndiaSeptember 10th, 2009 NEW DELHI - The government Thursday gave its approval for constituting a joint venture company, Invest India, to promote the country as an investment destination for foreign companies. The proposed company will be a joint venture between the government of India, Federation of Indian Chambers of Commerce and Industry and the state governments, an official statement said.
Cabinet approves "Invest India" for promotion of foreign investmentSeptember 10th, 2009 NEW DELHI - The Union Cabinet today approved the proposal of the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry for the formation of a company 'Invest India' under Section 25 of the companies Act, 1956, for promotion of foreign investments during the XI Five Year Plan. The proposed company which will be a joint venture between the Government of India, Federation of Indian Chambers of Commerce and Industry and the State Governments will be responsible for promoting Foreign investments into the country in a more focussed, comprehensive and structured manner.
Namibian President arrives in IndiaAugust 30th, 2009 NEW DELHI - Namibian President Hifikepunye Pohamba arrived here on a five-day state visit to India today. This is President Pohamba's first visit to India.
SonicWALL launches new authorized training centerJuly 30th, 2009 BANGALORE - SonicWALL, a leading secure network infrastructure company, today announced the launch of its Authorized Training Center (ATC) in India by joining hands with WestconINDIA. This move is intended to strengthen SonicWALL's channel support in India by improving and expanding partner and end-user training resources.
More support for capital goods industry: MinisterJuly 13th, 2009 MUMBAI - The capital goods industry can expect more supportive measures from the government in the coming months, Heavy Industries Minister Vilasrao Deshmukh said here Monday. Our endeavour is to support the capital goods industry so that it can help Indian manufacturing industry to meet the challenge of global competition and sustain the growth momentum in exports, Deshmukh said at a function organised by the Confederation of Indian Industry (CII).
Farmers worry as once-booming organic industry expects 1st sales drop in years; some want outJune 26th, 2009 Slowdown in once-booming organics troubles farmersThe organic dairy industry was thriving when Allen and Jean Moody bought a 200-acre Wisconsin dairy farm in 2006 and joined the ranks of farmers churning out milk raised without growth hormones, pesticides or other chemicals. Three years later, the good days are gone and the Moodys aren't alone in wanting out.
CII to showcase Indian education at Kuala LumpurJune 19th, 2009 NEW DELHI - At a time when scores of foreign educational institutions are queuing up to woo Indian students, leading industry lobby Confederation of Indian Industry (CII) Friday said it will showcase Indian higher education and its rich variety at Kuala Lumpur. The CII, with the support of the high commission of India, is organising the India Education Fair 2009 during June 20-21, the industry lobby said.
'India's medical tourism earnings to double by 2012'June 18th, 2009 NEW DELHI - Medical tourism can fetch India up to Rs.8,000 crore in foreign exchange by 2012, nearly double than current figures, according to an industry lobby. "Currently, the earnings accrued through medical tourism annually are estimated to be around Rs.4,500 crore," said Sajjan Jindal, president of Associated Chambers of Commerce and Industry of India (Assocham) in a statement Thursday.
First batch of students in Global Talent Acceleration Programme graduates from Cisco's Delhi AcademyMay 20th, 2009 NEW DELHI - Cisco today announced that the first cohort of students has graduated from the Global Talent Acceleration Programme (GTAP) Academy in New Delhi. The programme, launched last year in India, aims to develop homegrown technical skills and popularise career certifications, thereby bridging the gap between demand and supply for industry-ready professionals in the networking industry.
COPC launches seven new certificationsMay 8th, 2009 NEW DELHI - COPC, the world's leading Business Excellence certification in the contact center industry worldwide, has recently launched secen new certifications in association with QAI, their exclusive implementation partner in India, Sri Lanka and Bangladesh. Starting April 2009 companies have the flexibility of going for certification for specific processes like hiring, training and skills verification, transaction monitoring, forecasting, staffing, scheduling and metrics Management.
Deflation a challenge for industry, policymakers: AssochamMarch 26th, 2009 NEW DELHI - With India moving towards deflation, demand creation will be a major challenge for policymakers as well as industry, a leading industry lobby group said Thursday. 'With inflation at 0.27 percent - the lowest in the last 30 years - it's clear now that India is fast heading towards deflation,' Associated Chambers of Commerce and Industry of India (Assocham) president Sajjan Jindal said.
Mumbai's Bandra Worli sea link wins IIBE National AwardMarch 16th, 2009 MUMBAI - Mumbai's new icon, the Bandra Worli sea link built by the Hindustan Construction Company, has been selected by an independent jury of bridge engineering experts from the Indian Institution of Bridge Engineers (IIBE) to win the coveted "Most Outstanding Bridge - National Award". Acknowledging the distinction, Vinayak Deshpande, President and COO - HCC (EPC and Construction) said, "We are privileged to receive this honor for the very first cable-stayed bridge built in open sea in India.
Special India Pavilion at Berlin film festFebruary 2nd, 2009 NEW DELHI - There will be a special pavilion representing India at the Berlin Film Festival's European Film Market (EFM), officials said. The India Pavilion at EFM is an initiative of the ministry of information and broadcasting in partnership with Confederation of Indian Industry (CII).
'India, China should enhance cooperation in plastic industry'February 2nd, 2009 NEW DELHI - India and China should share their experiences to develop a sustainable growth strategy for the plastic industry, Minister of State for Chemicals, Fertilisers and Mines B.K. Handique said here Tuesday.