British mobile phone giant Vodafone is to invest up to $2 billion to buy out minority shareholders in the company’s Indian subsidiary, the Financial Times reports. Vodafone will file an application this month with India’s foreign investment promotion board to seek clearance for the investment. The FT said the size …
Read More »Rights group urges India to investigate “Gang Rapes” during Muzaffarnagar Riots
Human Rights Watch has urged the Indian government to investigate allegations of sexual assault and gang rape committed during last month’s communal riots in Uttar Pradesh. The army was called into the Muzaffarnagar district of the state after more than 40 people were killed and dozens more injured in running …
Read More »India Retail Plans ‘NOT TENABLE’ – Wal-Mart CEO
The world’s largest retailer says a proposed joint venture with an Indian partner to open a string of mega supermarkets in India is “not tenable” and both sides are looking for the best way forward, Reuters reports. Wal-Mart was expected to make a decision on its Indian retail plans with …
Read More »‘The Lunchbox’ director Ritesh Batra apologizes to Film Federation of India over “CORRUPT” comments
‘The Lunchbox’ director Ritesh Batra has apologized to the Film Federation of India (FFI) for describing the organization as “corrupt” for not choosing his film to send to the Academy Awards 2014. In a letter to the FFI Batra said his intention was to participate in the “vigorous debate” following …
Read More »Film Federation of India demands apology from Ritesh Batra after ‘Lunchbox’ comments
The Film Federation of India (FFI), the body responsible for sending the country’s entry to the Oscar Awards, has demanded an “unconditional apology” from ‘The Lunchbox’ director Ritesh Batra over the filmmaker’s comments about this year’s Indian choice for the Academy Awards. The FFI chose Gyan Correa’s ‘The Good Road’ …
Read More »India moves to regulate its booming “Baby Market”
Dressed in a green surgical gown and cap, British restaurateur Rekha Patel cradled her newborn daughter at the Akanksha clinic in northwestern India as her husband Daniel smiled warmly, peering in through a glass door. “I can’t believe we have our own child at last,” said Patel, 42, gazing in …
Read More »India makes it easier for companies to list abroad
India has allowed domestic companies to list and raise capital overseas without first being listed on local exchanges, the finance ministry said on Friday, in the latest of a series of steps to boost capital inflows. Policymakers have stepped up efforts in recent months to attract foreign investment as Asia’s …
Read More »Miss India Navneet Kaur Dhillon wins “Multimedia Award” at Miss World 2013
Miss India 2013 Navneet Kaur Dhillon has been awarded the “Multimedia Award” at the ongoing Miss World contest in Indonesia. The award is presented to those beauties who best present their online profile and for the level of interactivity seen on the contestants’ Facebook pages. Ms Dhillon was recognized for …
Read More »BCCI hands Lalit Modi lifetime ban from running cricket in India
Former Indian Premier League Commissioner Lalit Modi has been banned from holding any position in Indian cricket by the Board of Control for Cricket in India (BCCI). The decision to ban Mr Modi, 49, was taken at a Special General Meeting (SGM) of the BCCI in Chennai on Wednesday, a …
Read More »UK India Business Council opens first Business Centre in India
The UK India Business Council has opened its first Business Centre in India, the first step in the UK government’s plan to encourage British investment in emerging markets and provide support for British businesses, in particular Small and Medium-scale Enterprises (SME’s). The Centre, situated in the Delhi suburb of Gurgaon, …
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