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GE to up sales in China, India

GE to up sales in China, India GENERAL Electric Co. is investing in developing technologies and plans to double its sales in countries such as China and India by the end of the decade. GE has begun investing in developing technologies like medical imaging devices that will cost about a third of the price of current machines in order to expand in emerging markets, GM CEO Jeff Immelt said The company currently does about $US25 billion ($A33 billion) in business in emerging markets and aims to double sales to $US50 billion ($A66 billion) by 2010, Immelt said. More : news.com.au

India Inc stays firm on growth path in FY05-06

India Inc stays firm on growth path in FY05-06 The performance of India Inc in 2005-06 reflects a healthy picture. It has achieved a significant top line and bottomline growth. An analysis of 531 companies, for which yearly results are available with FERB, shows that they posted a 23.8% rise in their aggregate net profit to Rs 48,107 crore. Their net sales increased by 19.5% to Rs 4,91,414 crore in 2005-06 from the level of Rs 4,11,280 crore in 2004-05. Other income rose by 19.2% to Rs 21,036 crore in 2005-06 from Rs 17,645 crore a year ago. Other income

Australia, India to explore nuclear pact

Australia, India to explore nuclear pact Australia and India will set up a working group to explore the detail of a nuclear pact that has put the issue of Australian uranium sales in the spotlight. A historic accord between India and United States last week put Australia's uranium sales policy in focus just days before a visit by Prime Minister John Howard to the subcontinent. Australia at first appeared willing to consider whether the pact could open the door for India to buy its uranium, even though it is not a signatory to the nuclear non-proliferation treaty (NPT). But Mr Howard backed away from

Cadbury wants more treats from India

Cadbury wants more treats from India Asia-Pacific, with India taking the lead, has begun setting the pace for growth globally for confectionery and beverages major Cadbury Schweppes. Consequently, it has identified India as a `battleground and must-win market’ and substantially scaled up capital and revenue investments in the Indian subsidiary. A complete recovery in Cadbury India’s chocolate business during ‘05 significantly contributed to its sales growth in emerging markets in Asia. The board has endorsed a plan in September ‘05 to expand the Indian market by growing consumption and strengthening distribution. Meanwhile, taking its cue from P&G and Unilever, Cadbury Schweppes

New era of travel takes off in India

New era of travel takes off in India IndiGo wants to become the subcontinents Ryanair but it has been forced to start small INDIA newest airline, which has boasted of plans to become the subcontinents answer to Ryanair, launches today — with a fleet of one aircraft. IndiGos single Airbus A320 will take off from Delhi airport for Guwahati in northeast India, leaving the airlines management without a backup option if there are any technical problems. IndiGo is not the first airline to launch with only one aircraft — British Mediterranean Airways managed it in the mid-1990s — but aviation analysts gave