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India ‘should fund environment projects’
India’s government should tap some of the $400bn it has locked up in state enterprises to invest in projects to clean up its environment and combat global warming, a top economic official said
Michelin to invest $870m in India
The world’s largest tyre company will set up in Chennai its first Indian manufacturing facility that is expected to generate at least 1,500 jobs
India bans ‘pay as you go’ in restive Kashmir
Mobile phone users in India’s Kashmir region are upset over a government decision to ban pre-paid mobile phone services in order to avoid “misuse” of the phones by terrorists
Lack of 3G in India an ‘issue’
Delays in bringing third generation (3G) mobile telephone technology to India threatens to stunt one of the fastest growing markets in the world, says the chief executive of Alcatel-Lucent
Wipro begins to outsource Indian workload
India’s Wipro Technologies has begun ‘reverse offshoring’ by sending work from its Indian clients to Egypt, in a sign of the growing multinational nature of the country’s outsourcing business
3i looks to Asian golden opportunity
If Michael Queen ever wants to put into perspective the challenges he faces as the new chief executive of 3i, he only needs to remember the traumatic events he experienced a year ago
Renault to trump Tata’s Nano on cost
Carlos Ghosn, Renault and Nissan chief executive, pledged that a low-cost car the group is planning to make with an Indian partner would be more economical to produce than the Tata Nano, the world’s cheapest car
Reliance looks to buy LyondellBasell assets
The bankrupt international petrochemical group has assets that could be worth as much as $6bn and would mark the first large-scale overseas foray by Mukesh Ambani
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
