The Knight Frank Wealth Report for 2013 shows that the number of rich people in India would increase by double than present in a period of next 10 years. The U. S. and Europe would remain to be the toppers.
The central government has asked to check the feasibility of the newly proposed Mumbai-Bangalore industrial corridor. This was said by Union Commerce Minister Anand Sharma during a press conference today.
Singh has mentioned that the government has asked for the report of this proposed corridor.
He also mentioned at the press conference that after discussion with the Chief Minister of the state, the central government has agreed to extend the Chennai- Bangalore industrial corridor to Chitradurga.
In order to make the emergency communication system universal, TRAI has asked for public views regarding a single emergency number all across India.
TRAI has figured that there are shortfalls in the present system and India does not have any universal emergency number operational throughout the country. TRAI has also mentioned that developed countries like the US and UK provides a three-digit emergency number for their respective citizens, which is very useful during disasters and natural calamities.
In a Ford India company report it was revealed that the company will make the engine for EcoSport SUV in India. This will help the company in reducing the tax burden and thus the price of the vehicle will be competitive.
"We will initially import the engines [from Europe], but will in future manufacture them locally," Sriram Padmanabhan, vice president for marketing at Ford's India unit, said Friday.
Ford India is planning to manufacture the engine at Chennai.
The decision to increase freight charges and linking them to diesel prices has created a chaos for companies based in Noida and Grater Noida, which is the largest industrial belt in northern India.
The railway budget recently proposed by the Railway minister, Pawan Kumar Bansal, will take effect from 1 Apr. The freight on diesel has increased by 5.79% to 1,041.80 per tonne from `984.80 per tonne at present.
According to sources, Japanese commercial vehicle and SUV major Isuzu is going to set up a manufacturing plant at Sri City, a district in Andhra Pradesh, India. Isuzu is estimated to invest 1,500 crore to build the manufacturing plant.
YH production of MU-7 SUV and D-Max will begin in the Indian plant by 2016. Isuzu has to currently import the fully built models from its plant in Thailand. The company has already initiated the sales operations in Hyderabad and Coimbatore.
A recent report has uncovered that Mukesh Ambani, India's business magnet, is to quit his position of the Bank of America's board of director.
Yes! It has been revealed that he in its place would be joining the global advisory council. The announcement had been made by the bank on Friday.
Since March 211, Mr. Ambani has served on the board of directors of Bank of America. Also, before the development of the Global Advisory Council, he held the position of director.
He helped India in establishing its reputation as inexpensive medicine supplier to the world. And he would be remembered forever for his unmatched contribution. Unfortunately, Anji Reddy, who is being talked about, died on Friday.
It has been found that the man, 72, had been suffering from a prolonged illness i. e. cancer. The pharmaceutical industry pioneer had founded as well as chaired Dr. Reddy's Laboratories Ltd. The company is the second-largest pharmaceutical company in India by market capitalization of Rs 31,000 crore.
It has been recently revealed that SEBI has demanded the detention of Sahara group Chairman- Subrata Roy. SEBI said that Sahara Group has not followed the ruling of the Supreme Court and henceforth, Roy should be detained.
It seems that SEBI has been making all the possible efforts to make sure that the Sahara Group complies with the ruling of the apex court that was announced on August 31. Recently, SEBI has filed a petition in the apex court in which it has demanded five things.
Competition Commission Chairman Ashok Chawla has revealed that a rise has been witnessed in unfair market practices. In order to look into the matter, they have initiated an investigation.
Around 26 cases of alleged anti-competitive issues will be investigated, said Chawla. With passage of time, it has been seen that more number of people has been getting aware of the competition norms.
It has been recently revealed that Dropbox has bought Orchestra Inc. The company is known for its Mailbox application for iOS and the news about the same has also been provided by Mailbox on its official website.