INDIA
Resources
WEF India
India Economic Summit
Global business and political leaders meet in New Delhi for a three-day summit to discuss India’s next generation of growth. Follow the FT’s coverage
Principal content
ICICI Bank chief sees better times ahead
India’s largest private sector financial institution expects its balance sheet to grow this quarter after 12 months of contractions in a sign that the bank is turning the corner following the crisis
Cash-strapped Suzlon to hold debt talks
Suzlon Energy is taking steps to build up its cash position and is weighing up whether to divest more assets to repair its balance sheet as it weathers the global financial crisis
JPMorgan looks to Asian potential
The group’s India branch is increasingly targeting regional business, particularly involving China, in a reflection of the rapid growth of trade between the world’s fastest-growing large emerging markets
GE scraps ambitious India target
General Electric India is resetting its targets from the ambitious $8bn in revenue a year goal by 2010 it forecast three years ago, as it juggles businesses affected by the global slowdown
Vedanta awaits ruling on Asarco
The Indian mining group expects a court-ordered resolution this month of its $2.56bn bid for Asarco, the bankrupt US copper miner, that executives give a ‘50-50’ chance of success
Suzuki raises forecast on India sales
Suzuki Motor, the Japanese small-car and motorcycle specialist, displayed the fruits of its long cultivation of India’s car market as it trebled its net profit forecast on booming sales in the South Asian country
Tata Steel hit by sharp decline in prices
A near 35 per cent drop in local steel prices pulls down net profit at the Indian steelmaker, which also reports a large increase in finance charges due to debt related to its £6.7bn Corus deal
India plans homegrown aviation sector
India has ambitions to develop self-reliance in military aviation manufacture as it seeks to modernise its air defence with a $10bn contract for jet fighters
Ranbaxy suffers 53% fall in US sales
India’s largest drugsmaker continues to feel the financial pain inflicted by an import ban on some of its products amid efforts to resolve its row with the US Food and Drug Administration
India warned on economic cost of piracy
US wants Asia’s third-largest economy to enforce intellectual property rights and so boost trade
