India’s Central Bank Cuts Interest Rate Again

BBC News reports that India’s central bank lowered its policy repo rate by 25 basis points to 7.5% after making a similar cut in mid-January. The repo rate is the level at which the central bank lends to commercial banks. Simon Atkinson, editor India Business Report says “…with India’s push to “Make in India”, another [...]

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March 4, 2015   No Comments

India’s Rug & Carpet Industry Modernizes

Traditionally, the weaving of carpets and rugs  in India has been  a cottage industry — weavers picked up raw materials from vendors of carpets, weaved at home, and returned the finished product to the vendors. From looms to technology to automation, nothing much had changed in the way carpets were made. Weavers did not want [...]

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March 3, 2015   No Comments

Turner Broadcasting Expands Children’s Offerings in India

 Time Warner’s Turner Broadcasting unit  launched Toonami, its latest addition to kids’ channels which includes Cartoon Network and Pogo. The Hollywood Reporter says that Toonami, which takes its name from the hit programming block on Cartoon Network in the U.S., is a 24-hour English action and anime offering featuring such franchises such as Batman, Superman, [...]

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March 3, 2015   No Comments

Dubai-Based Healthcare Provider Plans Luxury Hospital Chain in India

Advet Bhambhani Ventures (ABV), a Dubai-based healthcare service provider, plans to establish India first “luxury” hospital chain. Live Mint reports that Advet Bhambhani,  CEO of the ABV Group said, “ABV is looking at an investment of at least $64 million for facilities at multiple locations in the country and will have its first hospital in [...]

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March 3, 2015   No Comments

Standard & Poor’s Says India is Bright Spot in Asia Pacific

Reuters reports that the ratings agency Standard & Poor’s raised its India GDP growth forecast to 7.9 % from 6.2 % for the year ending March 2016, citing rising investment and low oil prices. The agency also raised its growth forecast for 2016-17 to 8.2 % from 6.6 % previously. Currently S&P rates India at [...]

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February 27, 2015   No Comments