Reuters reports:
Indian and Chinese oil firms will sign agreements aimed at bidding jointly for foreign oil and gas projects and reducing cut-throat competition, a top Indian official told Reuters on Tuesday.
The energy-hungry Asian giants, which have stretched global supplies and contributed to the record rise in oil prices, are competing for stakes in foreign oil […]
Bad news for supporters of privatisation. The Indian Express reports:
After a month-long tussle with Left that saw the suspension of the UPA-Left coordination meetings, the Government today formally called off its plans to privatise 13 profit-making public sector undertakings (PSUs) through strategic sale of equity.
Minister of State for Finance, S S Palanimanickam, in a written […]
If you’re looking for the state of Intellectual property development in a country, a good place to look is the patent office and the number of patent applications being filed. The newest reports from the drug/pharma industry holds very good news for India. Of course, we all know that the Indian pharma industry is very […]
NDTV reports:
Tamil Nadu MPs from the ruling UPA alliance have come together to put pressure on the government against the Supreme Court order on government quota in private professional colleges.
The apex court had on Friday abolished all government quota in private, unaided professional colleges, giving these institutes complete freedom in the admission process.
[…]
Tamil Nadu Chief […]
Subir Gokarn writes in Business Standard:
I’ve often been asked for my opinion on what the country’s sunrise sectors are. My response, at first tongue-in-cheek, but becoming more and more serious over the years, is that anybody who decides to compete against the government has a great chance of succeeding. Four activities come easily to mind.
Equipment […]
To all our readers, in India and elsewhere, Happy Independence Day. Here is the full text of PM Manmohan Singh’s address to the nation.
The industrial sector registered a 11.7% growth in June 2005, the highest ever recorded since 1996 (the growth rate for the same period in 2004 was 7.3%). Industrial growth is being driven by a spurt in manufacturing, helped in large part by the 38% growth in the textile sector, which has been able to take […]
The cover story of the latest issue of Businessweek (U.S. edition) is about what you need to know about India and China, as the balance of economic power shifts east and the possibility of an Asian century becomes real. Too many stories in there to link to individually (it’s a double issue), so follow the […]
This is a post that has been blogged on Zoo Station earlier, but I figured it was relevant and interesting enough for IE readers as well.
The Economist’s Big Mac Index is an easy (even if overly simplistic) way to find out which currencies are under-valued and which are over-valued, depending on the cost of […]
Why are Indian interest rates so low? And whom does it benefit? Over the last two years, the average difference between the US and India 10-year treasury yields is about 2%. This does not even cover the 3% point difference in official inflation rates –the true difference in inflation is even larger since […]
NYT has a nice story on the increasing number of American summer interns in Indian outsourcing companies. It is a bit of a puff piece and the actual percentage of such interns in India are likely to be quite low (although the Infosys internship has always been in high demand and seems to command a […]
Prashant had linked to Nitin’s and Ravikiran’s thoughtful remarks on the riots in the Honda factory in Gurgaon. Outlook magazine has an update on the subject. As usual, this story seems to be in danger of becoming fodder for tired political arguments:
“Is this just an isolated incident, as Prime Minister Manmohan Singh claims, or yet […]
India, Ireland and the other countries vying for a slice of the offshoring pie have competition.
Surjit Bhalla says
Signs are that henceforth we will see the “old” Manmohan Singh
The first year of Congress party rule has ended, and most analysts have given it a thumbs down. The coalition that Congress runs is composed of the Left, the confused, and the moral.
But more problems reside within the Congress—especially […]