Matthias's Feed
Nov 7, 2012

Eicher-Volvo to invest $331 mln in India JV

NEW DELHI, Nov 7 (Reuters) – Eicher Motors and
Volvo AB will invest 18 billion rupees ($331 million)
over the next two years in their Indian joint venture, Eicher’s
head said on Wednesday, and begin exports of engines to Volvo’s
European operations next year.

Volvo, the world’s number two truck maker, is among global
manufacturers, including Daimler AG, that are
muscling in on India’s truck and bus industry, which is
dominated by local giants Tata Motors and Ashok
Leyland.

Oct 29, 2012

Narendra Modi: the leader who came in from the cold

AHMEDABAD/ALINA, India (Reuters) – For many Indians, Narendra Modi is the man of the moment, a possible prime minister. Others see the chief minister of Gujarat as a Hindu zealot who did not stop the massacre of Muslims in religious riots a decade ago.

As the 62-year-old moved from village to village on the campaign trail this month, he was greeted by ecstatic crowds, surging forward to catch a glimpse or to touch him as though he were a living god.

Oct 28, 2012

Narendra Modi: the Indian leader who came in from the cold

AHMEDABAD/ALINA, India, Oct 29 (Reuters) – For many Indians,
Narendra Modi is the man of the moment, a possible prime
minister. Others see the chief minister of western Gujarat state
as a Hindu zealot who did not stop the massacre of Muslims in
religious riots a decade ago.

As the 62-year-old moved from village to village on the
campaign trail this month, he was greeted by ecstatic crowds,
surging forward to catch a glimpse or to touch him as though he
were a living god.

Oct 17, 2012

India, Aus weigh uranium deal during Gillard visit

NEW DELHI (Reuters) – The Australian and Indian prime ministers held talks on Wednesday that could pave the way for Australia to sell uranium to energy-hungry India, after Canberra lifted a long-standing export ban that had strained bilateral relations.

Australian Prime Minister Julia Gillard met Indian counterpart Manmohan Singh in New Delhi on her first official visit to the country. The talks set the stage for negotiations to begin on a set of safeguards needed before uranium trade can start. Both sides played down the prospect of a quick deal.

Oct 17, 2012

India, Australia weigh uranium deal during Gillard visit

NEW DELHI, Oct 17 (Reuters) – The Australian and Indian
prime ministers held talks on Wednesday that could pave the way
for Australia to sell uranium to energy-hungry India, after
Canberra lifted a long-standing export ban that had strained
bilateral relations.

Australian Prime Minister Julia Gillard met Indian
counterpart Manmohan Singh in New Delhi on her first official
visit to the country. The talks set the stage for negotiations
to begin on a set of safeguards needed before uranium trade can
start. Both sides played down the prospect of a quick deal.

Oct 7, 2012

India moves to dismantle stifling infrastructure controls

NEW DELHI, Oct 8 (Reuters) – India looks set to begin
dismantling a complex web of regulatory requirements that
throttle its infrastructure growth, with plans to set up a
special body this week to speed up projects in a sector seen as
vital to reviving economic momentum.

The move is the latest in a slew of big-ticket reforms by
Prime Minister Manmohan Singh’s government, from raising diesel
prices to opening supermarkets to foreign competition, to spur
growth which is at its slowest pace in nearly three years.

Oct 4, 2012

FDI in Retail: Key aspects of the policy

NEW DELHI (Reuters) – India opened its retail sector to foreign supermarkets on September 14, a major economic reform that has been stalled for months by political gridlock and came as part of a package of measures aimed at reviving growth.

(FDI in retail, aviation sectors allowed. Read here)

The policy comes with provisos which, some analysts said, could hamper firms hoping to set up shop in the world’s second-most populous country.

Sep 28, 2012

Economy teeters at “fiscal precipice” – Kelkar panel

NEW DELHI (Reuters) – India is on the edge of a “fiscal precipice” and should urgently slash fuel, food and fertilizer subsidies to curb a budget deficit that could hit 6.1 percent of gross domestic product this fiscal year, a government panel warned.

The panel’s report, published on Friday, will feed worries about the state of Asia’s third-largest economy, where growth has slowed sharply and a large deficit caused by a ballooning subsidy bill has sparked fears of a rating downgrade.

Sep 28, 2012

India economy teeters at “fiscal precipice”-govt panel

NEW DELHI, Sept 28 (Reuters) – India is on the edge of a
“fiscal precipice” and should urgently slash fuel, food and
fertilizer subsidies to curb a budget deficit that could hit 6.1
percent of gross domestic product this fiscal year, a government
panel warned.

The panel’s report, published on Friday, will feed worries
about the state of Asia’s third-largest economy, where growth
has slowed sharply and a large deficit caused by a ballooning
subsidy bill has sparked fears of a rating downgrade.

Sep 19, 2012

Fukushima fallout seeps into India’s nuclear push

KUDANKULAM, India (Reuters) – On a wind-whipped beach on India’s southern tip, a small fishing community feels it is falling dangerously on the wrong side of history.

While much of the world is turning its back on nuclear energy, the villagers of Kudankulam, in a part of India hit by the 2004 Indian Ocean tsunami, say their government is gambling with their lives by opening one of Asia’s first new nuclear reactors since the 2011 Fukushima disaster in Japan.