| Welcome to the latest bulletin of key policy decisions and high-impact news from India, presented by the Embassy of India, in Washington D.C. |
|
Market Regulator May Allow Delisting Tender on Stock Exchange
In what would be a major policy shift, Indian market regulator SEBI plans to allow investors to tender their shares through a stock exchange platform in a delisting offer. This would allow investors to avoid paying higher taxes if they are allowed to tender their shares through an exchange platform. 
|
India's RuPay Card May Soon be Accepted Internationally
 India's domestic RuPay card payment system may soon be accepted internationally as the company is in advanced talks with U.S.-based Discover and JCB of Japan. This means customers will soon be able to book train tickets using RuPay pre-paid cards or for shopping while traveling abroad.  |
Reserve Bank: Large Companies Should Raise 10-15% of Funds Via Bonds
 Up to 15 percent of funding requirements of large corporations should be met through the corporate bonds market, a senior official of the Reserve Bank of India said.The move would help diversify risk away from the banking system.
|
Help Design India's Energy Security Future with Online Tool
The Government's Planning Commission has created an online tool for designing various energy scenarios for India's future, as part of the India Energy Security Scenarios 2047 project. Users can assess input from various sectors, such as oil, gas and nuclear, and various uses, such as transportation, industry and cooking, and determine the country's potential energy security. |
Reserve Bank: Overseas Branches of Indian Banks Can Sell Financial Products
The Reserve Bank of India has eased regulations for overseas branches of Indian banks, permitting them to offer structured financial and derivative products, a move that would help to improve their income. The Bank added that the foreign branches should ensure that customers should have adequate knowledge, understanding and risk management capability for handling such products. |
|
Have a business problem with India you need fixed?
Email us at
|
|
|
India Has World's Lowest Prices
If you're looking for the lowest prices overall, head to India. A weaker rupee and government inflation-fighting efforts have helped it remain the least expensive major economy, says Deutsche Bank, meaning the cost of daily expenses - haircuts, meals, entertainment - are a world bargain. The world's most expensive country is Australia, the survey says.
|
Forbes: India Home to 54 of World's Biggest Firms
 Mukesh Ambani-led Reliance Industries leads the pack of 54 Indian companies in Forbes' annual list of the world's 2,000 largest and most powerful public companies, with Chinese companies occupying the top three slots on the list. The Forbes "Global 2000" is a comprehensive list of the world's largest, most powerful public companies, as measured by revenues, profits, assets and market value.The U.S. retains its dominance as the country with the most Global 2000 companies at 564. Japan trails the U.S. with 225 companies.
|
Cipla Invests $1.5 million In Chase Pharma
 Indian drugmaker Cipla has invested $1.5 million in Washington D.C.-based Chase Pharmaceuticals, an early stage drug development company. The investment, done through Cipla's U.K.-based subsidiary, translates into a 14.6 per cent stake in Chase on a fully-diluted basis. Cipla will invest another $4.5 million in Chase on the achievement of certain milestones. In addition to financing Chase, Cipla will collaborate on product development.
|
More Than 100,000 Indians Studying in America
India accounts for the second-largest number of international students in the U.S., behind China, with more than 100,000 Indians studying in various American universities and educational institutions, according to the U.S. Immigration and Customs Enforcement. Three-fourths of Indian students are enrolled in science, technology, engineering and math courses.
|
India Will Have 520 Million Mobile Broadband Users by 2020
 Ericsson estimates that India's mobile subscriber base will grow from 795 million in 2013 to 1.1 million subscribers by 2020. At the same time, smartphone penetration will grow from 10 percent, or 90 million devices, to 45 percent -- or 520 million devices -- by 2020.
|
India's Biotech Sector Likely to Reach $7 Billion by End of Fiscal Year
India's biotechnology sector is likely to reach a value of $7 billion by the end of the current fiscal year with an average growth rate of about 20 percent, according to a study by Assocham. The biotechnology sector in India, comprising of about 400 companies, has grown three-fold in the past five years, the study pointed out. Bio-pharma is the largest sector with about 62 percent of the total revenue.
|
STAY CONNECTED 
|
|
|
|
|
