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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
Hingis running hot in India
FORMER world No.1 Martina Hingis romped to a 6-1 6-2 victory over Hungarys Melinda Czink in the first round of the Kolkata Open yesterday.
The Swiss world No.9, aiming for her second singles title since her return to the game in January, faced a brief fightback early in the second set before prevailing over her 71st-ranked opponent on the slow indoor surface.
Hingis retired in 2002 with foot and ankle injuries and re-established herself among the elite with victory in the Italian Open in May. She is the top seed and faces Israels Tzipora Obziler next.
More : news.com.au
Wolfowitz says India is going towards smaller levels
India is going towards smaller levels of World Bank lending, and that too mainly for the technical assistance that comes with the loans, World Bank president Paul Wolfowitz told FE on the sidelines of the IMF-World Bank annual meeting here on Monday.
For the past 20 years, the Banks focus has been on reducing poverty. However, India and China—the two countries with the largest number of poor people—have been witnessing rapid growth and easy access to foreign capital through FDI and FII inflows.
In the last 10 years, China has borrowed just $10 billion from the Bank, and that too mainly for the technical assistance. Wolfowitz sees India going the same way. An Indian project faces the choice between borrowing from the Bank or borrowing from global financial markets. This choice is made based on the interest rate and the technical knowledge that comes attached with the Bank loans.
More : financialexpress.com
At last, a win for India
At last the fragrance of victory. India huffed and puffed on a hazy, cloudy morning here to overcome South Africa and finish a poor 11th in the hockey World Cup. The only consolation out of the verdict is that India retains the chance of figuring in the Champions Challenge scheduled at Boom (Belgium) next June.
It would be churlish to presume the result on Sunday has restored a degree of prestige for India. Far from it. This is the first time in the history of World Cup that India has taken the 11th position, although it has the distressing experience of ending at the bottom of the table in 1986. India was 10th at the last edition in 2002.
Needless to say, the encounter was a now-or-never situation to remain in contention for competitions at the international level. And the team just managed that after a desultory performance. The only sparkling moment came when Rajpal Singh deflected a penalty corner by Dilip Tirkey midway through the second half.
More : hindu.com
India: An Outsider No More
For decades, India happily assumed the role of chief rock-thrower at the worlds political establishment. Freeing itself from colonial rule at the dawn of the cold war, India sought to find its own way to prosperity, separate from the influence and imperialism of the worlds great powers. So in 1955 it formed the Non-Aligned Movement with like-minded developing nations.
As the 14th summit of the Non-Aligned Movement (NAM) begins Friday in Havana, however, India finds itself becoming increasingly entwined with the powers it once shunned, particularly the United States. As a result, India is having to straddle the divide between its historical role as an outside agitator and its future as one of the worlds emerging power brokers.
For India, it is a realization of its growing maturity as a nation. Its about how we move from being a protester of the world order to one who takes responsibility for the management of it, says C. Raja Mohan, a member of Indias National Security Advisory Board, a panel of civilian foreign policy experts.
More : cbsnews.com
WiMAX Indias answer to spectrum problem, rural connectivity
India is on the threshold of a new mobile technology revolution with WiMAX being considered as the new age reality by many mobile manufacturers.
WiMAX is not only being touted as 30 times faster than third generation mobile technology and 100 times faster than the wireless data rates, but is also expected to solve the problems of rural connectivity.
It could also solve the last mile connectivity problems that prevent internet connectivity in rural India, DoT Telecommunication Engineering Centre Sr Deputy Director General P N Padukone said at a Wireless Tech India 2006 meet.
More : hindu.com
Dell Signs Deal to Locate Plant in India
Dell Inc., the worlds biggest personal computer maker, signed an agreement Thursday with the government of Tamil Nadu to locate a manufacturing plant in the southern Indian state to help serve new clients in the fast-growing computer market.
The company, based in Round Rock, Texas, said it expects to begin manufacturing in India by early 2007, focusing initially on production of desktop computers, which make up about 70 percent of Dells current business in the country.
The new facility and related operations will be located at a 50 acre site at a technology park just outside the state capital Chennai, earlier known as Madras.
More : washingtonpost.com
India is an exporter of polio, says WHO
India,which has suffered are surgen ceinpolio this year with 283 new cases,is active lye porting the virus to Nepal, Bangladesh and Africa ,the World Health Organisation (WHO) said on Thursday.
Itiscurrentlytheonlyareaoftheworldthatisactivelyexportingthepoliovirustoothercountries,theWHOsaidonitswebsite.
ThepoliovirusoriginatingfromthisarearecentlyhasbeendetectedinNamibia,theDemocraticRepublicoftheCongo,Bangladesh,Nepal,Angolaaswellaspreviouslypolio-freeareas with in India, itsaid.
More : mumbaimirror.com
Army battles to recruit officers in booming India
The slick, new recruitment advertisement for the Indian army aired on local television channels promises it all.
An idyllic country cottage to live in, the finest schools for the kids, healthcare at swanky hospitals and access to swimming pools and perfectly manicured golf courses.
Also on offer are opportunities to go sailing, try a hand at fencing and abseil off cliffs. And if that is not enticing enough, there are also lavish garden parties.
Come join the Indian army. Sure theres hard work but well make sure you lead a good life, promises a uniformed officer in the James Bond-style television commercial.
More : alertnet.org
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 to a current global trade system which gives too little to the many and too much to the few.
More : ndtvprofit.com
India expects global majors to bid for new blocks
India is expecting an auction of 55 oil and gas blocks to attract up to 250 bids from major global and local companies, a senior government official said on Tuesday.
Ahead of Fridays closing date for submissions in Indias largest exploration licensing round, 47 companies have purchased data on the blocks offered for bidding by Asias third-largest oil consumer.
We are expecting 220-250 bids for the blocks offered under the sixth round of New Exploration and Licensing Policy, V. K. Sibal, Director General at Directorate General of Hydrocarbons, told Reuters.
Sibal said of the 47 companies to have bought data, 30 were foreign companies and 17 were Indian. No date has been fixed for when auction results will be announced.
More : ndtvprofit.com
Five-star Takema scripts Indias humiliating defeat
Dutch penalty corner specialist Taeke Takema slammed five goals, including the first hat-trick of the tournament, as a bunch of hapless Indians was inflicted a humiliating 1-6 defeat by World No 2 the Netherlands to finish their league engagements without a win at the mens hockey World Cup here on Tuesday night.
The Indians, who had set out their journey for the World Cup eyeing a semifinal berth after 31 years, were no match to the Dutch firepower both in defence as well as offence at the Warsteiner Hockey Park.
The Asian champions were compelled for an abject surrender by their opponents and the game went out of their hands as they conceded a 1-4 lead in the first half itself.
More : dnaindia.com
India, Germany ink MoU to promote clean fuel
The Society of Indian Automobile Manufacturers (SIAM) and the German automobile manufacturers association, VDA, have signed an MoU for collaboration towards sustainable development of road transport in the two countries.
While inaugurating an Indo-German Symposium on Strategies for Alternative Drives and Fuels, Mr Santosh Mohan Dev, Heavy Industries Minister, said: The Government has taken a sharp focus on the auto sector as a key driving factor of the economy. The Ministry will extend all support to the efforts in developing clean fuel technologies.
As per the terms of the MoU, the two associations will exchange information on technology of mutual interest pertaining to increased fuel efficiency, alternative fuels, and the reduction of emissions from passenger cars and commercial vehicles.
More : news.moneycontrol.com
Another last-minute goal leaves India in a daze
Indias agonising sequence of conceding late goals continued to haunt the team as they suffered a stunning 1-2 defeat against Korea in a pool B encounter of the mens hockey World Cup here on Monday.
The Indians, seeking to record their first win in the high-profile tournament, frittered away a second half lead as their opponents struck twice in the last seven minutes to clinch the match at the Warsteiner Hockey Park.
A last-minute penalty corner conversion by Jong Hyn Jang ensured that Vasudevan Baskarans men remained winless after four matches, having managed only a draw against South Africa.
More : sport.indiatimes.com
Philips eyeing acquisitions in India
Electronics giant Royal Philips Electronics on Thursday, said it was eyeing acquisitions in emerging markets, including India, in healthcare and lifestyle segments.
Philips would drive organic growth further and continue acquisitions, Rudy Provoost, global CEO of Philips Consumer Electronics and a member of the Board of Management, told reporters at the companys Innovation Campus here, which celebrated its 10th anniversary on Thursday.
Emerging markets are a top priority on our agenda. Brazil, Russia, India, China and parts of Asean (BRICA)… We are looking at acquisitions relevant to these markets, he said.
More : hindu.com
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