From L.S. Herdenia BHOPAL: The three day Global Investors meet concluded last week with the promise of investment to the tune of Rs. 6.89 lakh crores in Madhya Pradesh. Addressing media after the conclusion of the fourth such summit, Chief Minister Shivraj Singh Chauhan said that the government has received 3,165 investment proposals worth Rs. 4.36 lakh crore from investors who registered on the official website. […]
By Raju Kumar BHOPAL: Madhya Pradesh has joined the club of leading agricultural states because of its excellent performance in agricultural production. It has got awarded for it at national level. Three years ago the Centre had instituted Krishi Karman Award. MP has won this prize twice and it is likely to win it third time, because it has found place in the list of states […]
From Raju Kumar BHOPAL: The first day of Global Investors Summit in Indore got underway on October 8 with convention of micro, small and medium enterprises (MSME). Union Minister for Micro and Small Industries Kalraj Mishra inaugurated Convention of MSMEs. It was the second time in Madhya Pradesh when the first day of Global Investors Summit organized convention of MSMEs. MSMEs feared about their market and […]
By G. Srinivasan The inexorable humid weather in the capital in the festive month of October has robbed the exuberant moments of celebrations, even as the weather patterns across the country seem to be swinging in extremes. India and other developing countries may continue to be in a denial mood that weather-related aberrations are not directly due to the broad climate change that is sweeping the universe […]
SAUDI ARABIA. Jadwa Investment, the Saudi asset manager focused on Sharia’ah compliant mutual and private equity funds, has just issued its Quarterly Global Oil Market Update (Q3 2014). Summary of the report · The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping by 7.3 percent in Q3 2014, to an average of […]
By Subrata Majumder At the time when India unveiled its much hyped “Make in India” dream of Prime Minister Narendra Modi, China silently unleashed its “Made in China” programme to re-build its manufacturing hub. “Make in India” and “Made in China” sound similar in their perspectives. But, conceptually they are different. While “Make in India” was a call to establish world’s biggest manufacturing hub and increase share […]
By S. Sethuraman The Reserve Bank of India’s Fourth Bi-Monthly Monetary Policy Statement on September 30 does not offer any hint of monetary easing in the near future, again citing risks to lowering at present the policy lending repo rate from 8 per cent it has maintained since April, in the current fiscal year. This leaves all other policy rates and reserve ratios unchanged, (reverse […]
By L.S. Herdenia BHOPAL: Brisk preparations are on for the mega investors’ summit to be held in Indore in the first week of October. Chief Minister Shivraj Singh is hopeful that the summit will open the doors for massive investments in Madhya Pradesh. Almost all the important and leading industrial houses of the country are likely to be present in the summit. According to a government spokesman, […]
By Ashok B Sharma The likely face off between Indian and Chinese troops at the line of actual control (LAC) in Ladakh has been averted. Thanks to efforts of the Indian External Affairs Minister Sushma Swaraj and her counterpart Wang Yi at the margins of the UN General Assembly. The Chinese troops have begun withdrawing from Chumar in Ladakh following the flag meeting between two sides. […]
Al Sudairy … GEMS is a leading player Saudi group buys waste management firm for $300m RIYADH, 1 days ago Jadwa Waste Management Opportunities Fund, a unit of leading Saudi Arabian private equity house and investment bank Jadwa Investment, has acquired Global Environmental Management Services (GEMS) together with its co-investment partners in a deal valued at around $300 million. The acquisition was funded by funds managed by […]
The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution is in. Changes in the DJIA shares basket, changes in the formula and stock splits […]
Jeremy Paxman, who is a quarter Scot, would have like a say in the future of the Union Photo: PA/BBC On Thursday, the English will discover what the Scots really think of them. Like the final row in a troubled marriage, it could be the event that serves to separate those we were once told God had joined together. The decision is not for those of us who […]
|By TAP Staff| Emaar is eying significant investments by Chinese companies in its King Abdullah Economic City in Saudi Arabia. According to Fahd Al Rashed, chief executive of the city, several Chinese firms have shown interest and the company hopes to rope in up to 20 percent of investments from the Chinese. The King Abdulla Economic City envisages a port and business district as well as residential […]
Dubai’s boom-and-bust real estate market can land you at the wheel of a Rolls-Royce or behind bars. Kabir Mulchandani should know: he’s experienced both. Five years after spending 140 days in jail facing charges of fraud and embezzlement for which he ultimately was cleared, the chairman of developer SKAI Holdings stands at a building site watching cranes start work on one of the company’s three projects. They […]
An executive holds the Syqe inhaler at the company’s office in a Tel Aviv industrial complex. In the background is an empty floor room being readied to produce the first models. Josh Mitnick for The Wall Street Journal Doctor-prescribed joints might one day become a relic of the past if cannabis technology venture Syqe Medical Ltd. has its way. The government backed start-up, an outgrowth of Israel’s […]
NEW DELHI: The department of industrial policy & promotion’s move to have composite caps for all foreign investment has run into rough weather, with many departments picking holes in the proposal. DIPP has moved a cabinet note proposing introduction of composite foreign investment caps encompassing foreign portfolio investment, NRI investment, depository receipts, foreign currency convertible bonds and fully and mandatorily convertible preference shares or debentures. […]
By Pratik Deb In the beginning of the last decade, the Left front government of West Bengal felt the urge to do ‘industrialisation’ with an additional fervour and gusto. Sure, there was Chief Minister’s annual trip to London, sure there were those occasional government ceremonies with a gathering of a few local industrialists, sure the authority was going on putting up the show of being proactive and […]
UAE. With its oil wealth, population growth and strong demand for all manner of industrial and consumer goods, the Middle East and North Africa (MENA) region is an attractive market for many manufacturers. There are, however, potential pitfalls in doing business in the region, particularly when it comes to appointing local agents to distribute products in the region. Many states in the MENA region have enacted commercial […]
By S. Sethuraman As fiscal 2015 nears the mid-year, hope revives stronger for at least 5.5 per cent growth, despite a wayward monsoon, and should it materialize, the Modi Government could well trumpet that it had overcome the UPA baggage of “economic mess” and below 5 per cent growth over the last two years. But even growth in the 5-6 per cent range, based on […]
NEW DELHI: Western Coalfields Ltd (WCL) has initiated the process of signing supply agreements with non-priority sector consumers such as paper and textiles units, even as power plants that had been given LoAs (letters of assurance) by the state-run company are facing shutdown in the absence of fuel.
Industry sources said WCL executives recently inspected sites of several prospective consumers from non-core sectors, including West Coast Paper Mills and Surya Laxmi Cotton Mills as a precursor to signing of fuel supply agreements.
The move by WCL, sources said, is in contradiction to the government’s recent emphasis on increasing coal supplies to power projects commissioned by March 2015.
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NEW DELHI: State-run oil refiner-marketer Bharat Petroleum Corporation Ltd has drawn up plans to ramp up the capacity of its refinery at Numaligarh in Assam’s Golaghat district from three million tonnes per annum to nine million tonnes at an investment of Rs 16,600 crore.
The project includes laying a 1,350-km pipeline to bring in crude from a port on the east coast. While the refinery expansion would cost about Rs 8,800 crore, the remaining investment is expected to go into laying the pipeline and other assorted facilities.
Company sources said the project would mark the single-largest investment in Assam and boost economic activities in the north-east as well as unlock potential for exporting fuels to India&
New Delhi: With co-development and co-production of defence products in mind, India and the US on Friday agreed to take the Defence Technology and Trade Initiative forward.
The decision was taken at the delegation-level talks between defence minister Arun Jaitley and US secretary of defence Chuck Hagel, who is on a three-day visit to the country.
In the meeting, both sides took note of the progress made over the years in deepening defence ties. Both the sides reaffirmed their desire to further enhance bilateral defence cooperation, especially in technology and discussed ways for strengthening this partnership.
Stressing on indigenisation of the defence industries, Jaitley said, “The develop
ByMichael Blair: There are three keys to long term success in maturing markets. Market share, market share and market share. This axiom is as old as the study of economics. Sidney Shoeffler at General Electric kicked of the Profit Impact of Marketing Strategy (PIMS) studies in the 1960’s, subject of very good read by Tom Peters and Nancy Austin. The extensive study was carried out through 1983, […]
NEW DELHI: Germany is the global leader in energy efficiency while ageing power plants and inefficient ways of electricity generation and industrial practices put India at number 11 in the latest energy efficiency ranking of the world’s 16 largest economies.
The United States, having second highest per capita energy consumption in the world, comes at the 13th position — behind countries such as China, France, Japan, UK, Canada and Australia among others.
Besides the US, four other countries — South Korea, Russia, Brazil and Mexico — are below India in terms of indulging in inefficient ways of energy consumption.
Per-capital energy consumption of all these countries is, however, much
