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Swiss want more spice in trade ties with India

Swiss want more spice in trade ties with India Wrapping up his visit to India, Swiss Economics Minister Joseph Deiss says both countries have every interest in cementing and pushing economic ties. Deiss was speaking in the Indian capital, New Delhi, late on Monday after talks with the Indian commerce and trade minister, Kamal Nath. At a briefing for journalists after their meeting Kamal Nath said he hoped that small and medium-sized enterprises (SMEs) would soon have a better role to play in bilateral ties. "I have asked Mr Deiss to work out a visit of a Swiss SME delegation which the Indian

Spice to go all India with $2.5-b kitty

Spice to go all India with $2.5-b kitty Delhi-based BK Modi groups MCorp Global has decided to invest up to $2.5 billion (Rs 11,700 crore) over two to three years in its flagship firm Spice Communications for expanding cellular business across the country. Spice would spend around $2 billion in entering new telecom service areas and around $500 million in expanding the existing business. At present, Spice has presence in just two telecom circles (service areas) — Punjab and Karnataka, with revenues of under Rs 600 crore and very small net profit. Now, to cash in on the telecom boom in

Brazil, India and S.Africa to step up trade, ties

Brazil, India and S.Africa to step up trade, ties The leaders of India, Brazil and South Africa agreed on Wednesday to cooperate on energy and transportation and boost trade to $10 billion per year as part of a deepening alliance between three of the worlds leading emerging markets. Brazils President Luiz Inacio Lula da Silva, Indian Prime Minister Manmohan Singh and South African President Thabo Mbeki said the summit was an important step in boosting trade among developing nations that have traditionally had more commerce with richer Northern Hemisphere economies. Speaking at its opening, Mbeki said the IBSA alliance was a needed response

India, Germany aim to forge closer business ties

India, Germany aim to forge closer business ties Indian Prime Minister Manmohan Singh begins a visit to Germany this weekend which will mark another major step by Europes biggest economy to broaden its Asian business empire through closer ties with the worlds second-fastest growing economy. At the same time, India is hoping that Singhs four-day visit and the nations key role at this months Hanover trade fair will help Indian business to further cash in on fast-paced globalisation and to forge a higher profile in the world economy. Indo-German investment and trade is reaching new heights, though the potential has still

Telekom Malaysia Buys 49% Of India Spice Tel

Telekom Malaysia Buys 49% Of India Spice Tel Telekom Malaysia Bhd. (4863.KU) has agreed to acquire 49% of India's Spice Telecom Ltd., tapping into the subcontinent's booming cellular phone market, the two companies said Friday. Malaysia's No. 1 phone company will pay $178.8 million for the stake in India's seventh-largest cellular phone company with 1.82 million subscribers in the states of Punjab and Karnataka. In addition, Telekom will provide Spice with $40 million in working capital, to be spent over a year. The deal will allow government-linked Telekom to tap India's fast-growing market and enlarge its footprint in South Asia, where