cis_banner_final_en.png

India’s central bank holds interest rates
India’s central bank on Tuesday (7/6/2014) held its key interest rate at a five-year low, citing in inflationary fears ahead of the imminent monsoon rains.

Jeff Bezos announces $3 billion investment in Indian business in the presence of PM Narendra Modi
BENGALURU: Amazon announced a massive top-up for its India investment, mounting pressure on homegrown rivals Flipkart and Snapdeal and putting on notice China's Alibaba which looks poised to be a major rival in one of the world's most lucrative retail battlegrounds.

Viet Nam investment promotion conference held in India
The Vietnamese Embassy in India coordinated with the India – ASEAN – Sri Lanka Chamber of Commerce and Industry to host the conference themed “Investment opportunities in Vietnam” in Chennai city, the largest industrial center in the Southeast India, on June 01.

Indian Refiners Plan to Clear Dues to Iran In 3 Months
After Prime Minister Narendra Modi’s successful visit to Iran, the two countries have intensified their cooperation in the energy sector. “India’s oil refiners have paid about $750 million in the past two weeks and aim to clear in the next three months the entire $6.6 billion owed to Iran for crude purchased during the sanction years,” an unnamed oil ministry official said.

China and India Have Different Answers for Their Debt Messes
China and India are both grappling with escalating bad debt challenges lurking in their banking systems. Yet the two Asian economic giants are embracing markedly different strategies to clean up the mess.

India's installed solar capacity reached 6,000 MW in 6 years: Manufacturer
LONDON: India is on track to become one of the largest installers of solar power globally as its installed solar capacity has reached 6,000 megawatts from 10 megawatts in less than six years, according to a solar power manufacturer. Kolkata-headquartered Vikram Solar believes the government's ambitious International Solar Alliance ( ISA ) reflects India's strong commitment towards the sector.

India to invest $500m in Iranian port of Chabahar
Indian PM Modi announces deal as part of series of bilateral projects before signing transit accord with Iran and Afghanistan

World’s cheapest smartphone Namotel Acche Din launched at Rs 99
BENGALURU: Here's another attempt at offering cheap smartphone -- and this time, it's really cheap. Bengaluru-based Namotel is marketing Namotel Acche Din at an insanely low price of Rs 99, calling it India's most affordable smartphone.

Apple CEO Tim Cook in India: New iOS App Development Centre in Bengaluru announced
Apple has announced its first iOS App Design and Development Centre in Bengaluru with CEO Tim Cook visiting India this week. Earlier on Wednesday,IndianExpress.com reported that Tim Cook had visited Mumbai’s Shiddhivinayak temple after a slew of business meetings.

Target to raise India’s defence exports to 2 million USD
According to PTI, Defence Minister of India, Manohar Parrikar said, the Indian government will take into account the concerns while forging strategic partnership in the critical sector and set a target to raise India’s defence exports to $ 2 billion in the next two years from the current over $ 330 million.