Henry's Feed
Nov 14, 2011

Climate deal unlikely soon, as emissions grow

MUMBAI (Reuters) – A new and broader climate deal is out of reach for now and instead nations need to focus on how to replace the ailing Kyoto Protocol before 2020, Britain’s minister of state for energy and climate change said on Monday.

The view is recognition that agreement on a pact that commits all major greenhouse gas polluters to curbing the growth in planet-warming emissions is slipping further away, in part because of sluggish economic growth and a mounting debt crisis.

Nov 14, 2011

Tesco aims to build on Tata tie-up for India retail

MUMBAI, Nov 14 (Reuters) – Retail giant Tesco Plc
(TSCO.L: Quote, Profile, Research) plans to build on its existing tie-up with India’s Tata
Group to expand in the country if foreign operators are allowed
to invest in multi-brand retail, an executive director of the UK
retailer said on Monday.

India currently allows 51 percent foreign investment in
single-brand retailers and 100 percent for wholesale operations.
Global players such as Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research) and Carrefour
(CARR.PA: Quote, Profile, Research) have long sought greater access to the country’s small
but fast-growing organised retail sector.

Nov 13, 2011

Infrastructure builders blame government for woes

MUMBAI (Reuters) – Government paralysis, bureaucratic stonewalling of projects and corruption.

Indian infrastructure firms on Sunday vented their frustration during a World Economic Forum event in Mumbai at what they saw as needless brakes on growth in a sector key to the country’s prosperity.

Nov 13, 2011

Indian infrastructure builders blame government for woes

MUMBAI, Nov 13 (Reuters) – Government paralysis,
bureaucratic stonewalling of projects and corruption.

Indian infrastructure firms on Sunday vented their
frustration during a World Economic Forum event in Mumbai at
what they saw as needless brakes on growth in a sector key to
the country’s prosperity.

Nov 13, 2011

HCC to revamp Lavasa finances, decide on IPO

MUMBAI (Reuters) – Hindustan Construction Company, one of country’s largest builders, will revamp the financial structure of its Lavasa arm and decide whether to revive plans for an IPO after the unit won environmental clearance last week to resume construction after a year’s delay, its chairman said.

Lavasa, a $31 billion township in the western hills, was ordered to stop construction 12 months ago due to government wrangling over green laws. The delay cost Hindustan Construction $400,000 a day and forced the firm to abandon plans for an initial public offering for the project.

Nov 13, 2011

India’s HCC to revamp Lavasa finances, decide on IPO

MUMBAI, Nov 13 (Reuters) – Hindustan Construction
Company, one of India’s largest builders, will revamp
the financial structure of its Lavasa arm and decide whether to
revive plans for an IPO after the unit won environmental
clearance last week to resume construction after a year’s delay,
its chairman said.

Lavasa, a $31 billion township in India’s western hills, was
ordered to stop construction 12 months ago due to government
wrangling over green laws. The delay cost Hindustan Construction
$400,000 a day and forced the firm to abandon plans for an
initial public offering for the project.

Nov 13, 2011

Electronics import bill could surpass oil – Sam Pitroda

MUMBAI (Reuters) – From chip plants to research parks, India must invest in an electronics manufacturing base to sate the swelling demand for smartphones, laptops and other gear or risk an import bill larger than for oil, a top adviser to the prime minister said.

Information technology and services may have powered India to be one of the world’s fastest-growing major economies, but manufacturing accounts for just 16 percent of output, roughly half of the share in China and far behind India’s targeted 25 percent over the next decade.

Nov 13, 2011

India electronics import bill could surpass oil-senior advisor

MUMBAI, Nov 13 (Reuters) – From chip plants to
research parks, India must invest in an electronics
manufacturing base to sate the swelling demand for smartphones,
laptops and other gear or risk an import bill larger than for
oil, a top adviser to the prime minister said.

Information technology and services may have powered India
to be one of the world’s fastest-growing major economies, but
manufacturing accounts for just 16 percent of output, roughly
half of the share in China and far behind India’s targeted 25
percent over the next decade.

Nov 9, 2011

October car sales suffer biggest fall in a decade

NEW DELHI/MUMBAI (Reuters) – Car sales in India fell 23.8 percent in October, the biggest percentage drop since December 2000, an industry body said, on higher interest rates and vehicle costs and labour unrest at the country’s dominant carmaker, where sales fell by half.

Rising finance costs and increasing prices drove down demand in Asia’s third-largest economy for a fourth consecutive month, hurting carmakers that only months ago cheered a 30 percent rise in sales over the previous financial year.

Nov 9, 2011

India’s Oct car sales suffer biggest fall in a decade

NEW DELHI/MUMBAI, Nov 9 (Reuters) – Car sales in India fell
23.8 percent in October, the biggest percentage drop since
December 2000, an industry body said, on higher interest rates
and vehicle costs and labour unrest at the country’s dominant
carmaker, where sales fell by half.

Rising finance costs and increasing prices drove down demand
in Asia’s third-largest economy for a fourth consecutive month,
hurting carmakers that only months ago cheered a 30 percent rise
in sales over the previous financial year.