Singapore firm to invest Rs.870 bn in India

September 30th, 2009 NEW DELHI - India's top construction and engineering firm Larsen and Toubro (L and T) has said it planned to invest 500 million dollars to build nuclear reactors, hoping to tap Indian orders for power projects. Talking to reporters here on Tuesday L and T chairman and manging director A.M.

September 14th, 2009 SINGAPORE - Singapore Airlines (SIA) said on Monday that it has expanded its partnership with Air India with a new bilateral frequent flyer program. Under the agreement, frequent flyer program members of both airlines are able to earn and redeem miles on flights operated by either carrier.

September 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.

September 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.

September 9th, 2009 MUMBAI - Realty firm Entertainment World Developers will invest Rs.2,000 crore for setting up 20 malls across India under its rent-free revenue sharing concept for emerging brands. "We will invest Rs.2,000 crore for setting up 20 malls spread across one million square feet in 11 states and 20 cities by 2011," said company chairman and managing director Manish Kalani.

September 4th, 2009 LONDON - India is to invest up to $10 billion in the International Monetary Fund as part of a major thrust to wrest a greater say in the running of international financial institutions, Finance Minister Pranab Mukherjee announced Friday. "India has decided to invest up to $10 bn of its reserves in notes issued by the IMF," Mukherjee said after a meeting of the finance ministers of Brazil, Russia, India and China (BRIC) in London.

August 4th, 2009 NEW DELHI - India and Singapore Tuesday signed a joint action plan which, officials said, would help both countries attract more tourists. According to the plan, tourists visiting Singapore will be offered an option to include a four-five day trip to India in their itinerary, thus adding variety to their holiday.

July 24th, 2009 NEW DELHI - Renewable energy player Astonfield will invest around $2 billion in India over the next five years to generate about 1,000 MW of power, most of it from solar sources, a top official said Friday. "We are going to make an announcement in the next 30-60 days.

June 11th, 2009 NEW DELHI - Leading telecom operator Tata Teleservices Wednesday launched mobile services on the GSM platform under the Tata DoCoMo brand, saying it will invest $2 billion (Rs.9,450 crore) for its pan-India rollout. The company, in which Japan's NTT DoCoMo has 26 percent stake, has received GSM spectrum for 18 out of the country's 22 telecom circles.

May 1st, 2009 Markets in China, SKorea, Singapore, India closedBANGKOK, Thailand — Most Asian financial markets were closed Friday for May Day and other holidays. Markets were closed in mainland China, Hong Kong, Thailand, Malaysia, Singapore, South Korea, Taiwan, India and the Philippines.

March 13th, 2009 NEW DELHI - India thrashed Singapore 12-0 Thursday to top the table in the four-nation Under-21 Hockey Tournament at Johor Baru in Malaysia. Mandip Antil scored five goals while Danish Mujtaba and Lalit Upadhaya scored thrice each at the Taman Daya Stadim.

March 5th, 2009 SINGAPORE - The Singapore-based Global Indian International School (GIIS) is offering scholarships to meritorious students from India who wish to pursue Std 11 & 12th studies there. Global Indian Foundation (GIF), which operates the largest Pan-Asian educational institution chain, announced the GIIS scholarships for 2009 specially designed for India-based students who want to pursue 11th & 12th studies in either International Baccalaureate (IB) or CBSE, a press release said.

February 11th, 2009 NEW DELHI - India have been pitted against hosts Singapore, the Netherlands, Poland and New Zealand for the junior men's hockey World Cup from June 7-21. India are in Pool D of the 20-team competition which will be jointly hosted by Singapore and Johor Bahru, Malaysia.

January 14th, 2009 AHMEDABAD - Global software giant Microsoft will invest in training teachers in Gujarat and enhance the use of IT in the education sector. Microsoft India Pvt Ltd signed a memorandum of understanding (MoU) with the Gujarat government at the Vibrant Gujarat Global Investors' Summit this week.

January 11th, 2009 NEW DELHI - Singapore-based Universal Success Enterprises Ltd (USEL) Monday said it has signed three pacts with the Gujarat government to invest Rs.87,000 crore (Rs.870 billion/$17.5 billion) in infrastructure projects. The agreements were signed during the ongoing 'Vibrant Gujarat Global Investors' Summit 2009' in Ahmedabad and the investment would be made over a period of 10 years, a company statement said.