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Tata pips LIC to become India’s most valuable brand in 2019

The brand “Tata” has become India’s most valuable brand for the second straight year in 2019, according to the Brand Finance India 100 2019 report. Tata’s brand value rose 37% to $19.6 billion as compared to $14.2 billion in 2018, surpassing the combined value of the second and third most valued brands in India. The […]

Will India Become a Superpower? Not Like This

Traditionally, India’s finance minister carries the annual budget to Parliament in an old-fashioned briefcase; photographs of him holding the briefcase up are usually splashed across the front pages the next day. Finance Minister Nirmala Sitharaman, the first woman to hold the post, broke tradition last Friday by carrying her budget in a folded red cloth […]

US has a warning for India over Huawei products

The US has warned the Indian government that companies found supplying equipment or other producs of American origin to Huawei or its units could face punitive action, said people with knowledge of the matter. The May 27 letter send to the Ministry of External Affairs (MEA), is being seen as part of US efforts to […]

Telcos disagree over 5G spectrum pricing

The telecom industry is split on the government’s call to hold 4G and 5G spectrum auctions in 2019, in all likelihood without lowering the prices that the regulator had suggested.  While Bharti AirtelNSE -1.00 % and Vodafone Idea have called the 5G spectrum prices “exorbitant” and called for them to be lowered, new entrant Reliance […]

Instagram probes influencers’ data leak linked to Mumbai firm

Popular social network platform Instagram is investigating the massive data leak that has exposed contact data of millions of influencers, brand accounts and celebrities. The data set being leaked from the Facebook-owned Instagram was first reported by technology-focused media platform–TechCrunch. Incidentally, the report said the leaked database was traced back to a Mumbai-based social media […]

Pharma exports grow 11%, cross $19 bn

India’s pharmaceutical exports grew a robust 10.72% in 2018-19, and raced past the $19-billion mark for the first time, a performance marked by a rebound in the U.S. market, improved show in almost all the top 25 destinations and across categories. Exports touched $19.13 billion as against $17.28 billion of 2017-18, the previous highest, details […]

India’s renewable energy initiatives

By Charles F Moreira, Editor India will achieve its target of 175 GW (gigawatts) or 175,000 MW (megawatts) of installed renewable electrical energy generation capacities ahead of its 2022 deadline, a senior government official said on 23 February 2018. The International Solar Alliance (ISA) will help mobilise sufficient funds for the solar energy projects, according […]

New passenger terminals may lure more cruise liners to India

The Indian Centre’s decision to develop new passenger terminals at five major ports will pave the way for international cruise liners to enter India, said a top official of the Pune-based CruiseBay. CruiseBay offers 1,500 cruises from 35 cruise liners to over 100 destinations across the world. Right now, it has five offices and plans […]

Did India’s Modi fulfil his economic promises?

Indian Prime Minister Narendra Modi swept to power five years ago on a business-friendly manifesto that promised to shake up Asia’s third-largest economy and boost employment. As Modi, 68, seeks a second term in India’s almost six-week mega-election beginning on Thursday, AFP looks at how he has delivered on his main economic pledges. Read the […]

Indian government clears policy to double agriculture exports

The Union Cabinet on Thursday approved the Agriculture Export Policy, aimed at increasing India’s exports to $60 billion by 2022 from the current $37 billion, Commerce Minister Suresh Prabhu announced. “We have managed to increase agriculture exports to $37 billion from $30 billion in just one year,” Mr. Prabhu said at a press conference. “With […]

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