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India's healthcare system needs revamping: experts - Hindu

Thu, 26 Mar 2009 05:05:03 +0000

New Delhi (IANS): India's healthcare system needs to be decentralised and revamped to cater to people in both urban and rural areas, experts said on Wednesday.

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"There is a need to decentralise our health system. Local bodies and panchayats, rather than the central government, should have control over government hospitals and primary healthcare centres. They should have the right to hire or fire a medical practitioner based on his performance," said Srinath Reddy, chairman of the Public Health Foundation India. Reddy said the country's health system should be brought into public domain by involving NGOs, activists and local bodies.

Full Story: India's healthcare system needs revamping: experts - Hindu

India calls for renewable energy partnership with US - Hindu

Wed, 25 Mar 2009 17:05:21 +0000

Washington (IANS): India has suggested a strategic partnership between Indian and U.S. business focusing on three Rs - renewables, reusables and recyclables - to meet the twin challenges of climate change action and energy security.

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"If energy is not to become a constraint on our growth — the growth of India and the U.S. and the global economy as a whole, then a relatively rapid and significant shift to renewable and non-conventional energy sources becomes inevitable," Shyam Saran, Prime Minister Manmohan Singh's Special Envoy for Climate Change, said here on Tuesday. "Both climate change action and energy security dictate this," he said addressing members of the U.S. India Business Council, a trade association representing 300 of the largest U.S. companies investing in India and global Indian companies.

Full Story: India calls for renewable energy partnership with US - Hindu

India calls for renewable energy partnership with US - Economic Times

Wed, 25 Mar 2009 05:05:36 +0000

Fresh News

India calls for renewable energy partnership with US
Economic Times, India
Welcoming President Obama's Renewable Energy Initiative, Saran said: "The first component of our strategy for the future, for both Indian and US business is a renewable energy partnership covering different technological pathways and focussing on ...
Dual-use ban blocking $270-billion in US sales, India tells US domain-B
India tells US it has huge market for energy and defence goods Press Trust of India
India says lift ban on dual use items; dangles $270 bn business Economic Times
Economic Times - Economic Times
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Full Story: India calls for renewable energy partnership with US - Economic Times

Euro-India trade body calls for improved EU visa policy - Economic Times

Wed, 25 Mar 2009 01:37:59 +0000

Euro-India trade body calls for improved EU visa policy
Economic Times, India
BRUSSELS: Brussels-based Europe India Chamber of Commerce has criticized the European Union's restrictive visa policy towards Indian business people and called for improvements, EuAsiaNews reported. "This goes against the spirit of EU-India strategic ...

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Full Story: Euro-India trade body calls for improved EU visa policy - Economic Times

Amway to replicate China strategy for biz growth in India - Economic Times

Sun, 22 Mar 2009 20:17:28 +0000

Amway to replicate China strategy for biz growth in India
Economic Times, India
In blue stripes, flanked by his India business head William S. Pinckney and senior veep Jim Payne, DeVos digs the global slowdown and challenges the rulebook of direct selling as Amway bucks the trend by registering record sales, a 15% increase over ...

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Full Story: Amway to replicate China strategy for biz growth in India - Economic Times

India, Africa to beef up business ties - Hindu

Sun, 22 Mar 2009 18:37:10 +0000

New Delhi (IANS): Over 400 delegates from African countries are participating in a three-day India-Africa business conclave that started here Sunday, seeking ways to boost bilateral economic ties, an industry lobby said.

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The major focus of the fifth CII-EXIM Bank Conclave on India-Africa Project Partnership is infrastructure development in Africa, and both sides are also seeking enhanced ties to beat the effect of the slowdown, the Confederation of Indian Industry (CII), one of the organisers of the event, said. The delegates from both sides will discuss projects worth over $12 billion during the three-day event. The fourth conclave, held in New Delhi in March 2008, had discussed projects worth over $10 billion.

Full Story: India, Africa to beef up business ties - Hindu

India looks to beef up business with KZN - The Times

Sun, 22 Mar 2009 06:37:23 +0000

The summit, at the Inkosi Albert Luthuli International Convention Centre on Thursday, will be hosted by India’s Durban consul-general in partnership with the Durban Investment Promotion Agency, KPMG, the Durban Chamber of Commerce and Industry, and Trade and Investment KZN.

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Consul-general Harsh Vardhan Shringla said the aim of the summit was to reach out to companies that were not involved in business in India but had the potential to engage with the subcontinent. “South Africa is India’s biggest investment destination in Africa. A bulk of the Indian investment, particularly in the manufacturing sector, is in KwaZulu-Natal,” he said.

Full Story: India looks to beef up business with KZN - The Times

RBS to retain 8000 employees in India - Business Standard

Sat, 21 Mar 2009 18:37:42 +0000

The Royal Bank of Scotland (RBS), which operates in India under the ABN Amro brand, said today that it intended to retain a few branches in India and around 8,000 employees after the sale of its retail and SME banking business as part of a strategy to focus on key markets. The unit had contributed around 30 per cent of RBS’ revenue from India and Asia-Pacific operations.

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At present, the bank has around 10,000 employees in India, with 7,500 in Aces, its business process outsourcing unit and product development centre, while another 500 are in the non-retail banking units, who would be retained. The bank’s chairman Philip Hampton, who held consultations with the Reserve Bank of India (RBI), told media persons that the structure of the sale was yet to be finalised. He said that, as of now, only a preliminary information memorandum had been circulated after Morgan Stanley had been appointed as the advisor for the intended sale in eight countries in Asia Pacific, including India.

Full Story: RBS to retain 8000 employees in India - Business Standard

Wipro Infotech banks on India, Middle-East to up biz growth - Moneycontrol.com

Sat, 21 Mar 2009 13:01:07 +0000

and Europe are falling due to the slowdown, but Wipro Infotech believes increased business from its Indian clients will help compensate for the slowing business. CNBC-TV18's Vineetha Athrey reports.

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and the MIddle-East , is seeing strong growth in these regions and Wipro may well clock 15% growth this year. India , the company has clients like Aircel, HDFC Bank and Future Group. And it expects sectors like telecom and pharma to drive future growth. Already, telecom accounts for 15% of its overall business and is expected to grow by 80-100% this year. But the Middle-East market is no fickle friend either.

Full Story: Wipro Infotech banks on India, Middle-East to up biz growth - Moneycontrol.com

Indian Firms' Business Confidence at 7-year Low - Fibre2fashion.com (subscription)

Thu, 19 Mar 2009 01:34:10 +0000

Indian Firms' Business Confidence at 7-year Low
Fibre2fashion.com (subscription), India
Hit by the global economic meltdown, lack of funds and falling exports, corporate India's business confidence has sunk to a seven-year low, says the latest FICCI survey by an industry lobby. The Survey for the second quarter of 2008-09 said there has ...

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Full Story: Indian Firms' Business Confidence at 7-year Low - Fibre2fashion.com (subscription)

PRESS DIGEST - Indian Business News - March 17 - Reuters India

Wed, 18 Mar 2009 13:33:52 +0000

MUMBAI, March 17 (Reuters) - Indian newspapers carried thefollowing stories in their print or Web editions on Tuesday.Reuters has not verified these stories and does not vouch fortheir accuracy.

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, Profile , Research ) is considering hiving off real estate and mobiletowers worth more than 60 billion rupees to fund expansion intonew areas. , Research ) will spin off BigBazaar and Food Bazaar, which make up 55 percent of theturnover, into Future Value Retail.

Full Story: PRESS DIGEST - Indian Business News - March 17 - Reuters India

Fares belie airlines' claims, jump 5% in Dec quarter - Economic Times

Wed, 18 Mar 2009 01:33:52 +0000

Straits Times

Fares belie airlines' claims, jump 5% in Dec quarter
Economic Times, India
Fares in India rose by an average 5% — which is the largest quarterly increase across the Asia-Pacific region. Even full business class airfares recorded the biggest qoq increase at 10%, the report states. India published fares rose 15% on year while ...
Airfares actually rose 5% in Q4 last year Economic Times
all 5 news articles

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Full Story: Fares belie airlines' claims, jump 5% in Dec quarter - Economic Times

International airfares in India increased in Q4 - Hindu Business Line

Tue, 17 Mar 2009 20:08:59 +0000

NEW DELHI: Airfares in India for international travel increased five per cent in the last quarter of 2008, compared to the previous quarter of the same calendar year, according to a report.

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Domestic travel costs rose by eight per cent last quarter of 2008, against the previous quarter of the same calendar year, said American Express Asia Pacific Business Travel Monitor in a report. The increase of five per cent in the fares for the international sectors was the result of reduced competition in the industry and was the largest quarterly increase across the Asia Pacific region.

Full Story: International airfares in India increased in Q4 - Hindu Business Line

Airfares actually rose 5% in Q4 last year - Economic Times

Tue, 17 Mar 2009 13:34:40 +0000

Airfares actually rose 5% in Q4 last year
Economic Times, India
The American Express Asia Pacific Business Travel Monitor report, which is scheduled to be released globally on Tuesday, says that reduced competition and a falling rupee have increased fares quarter on quarter in India and that reduction in fares has ...

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Full Story: Airfares actually rose 5% in Q4 last year - Economic Times