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Gamesa launches 2-MW turbine
  February 06, 2012 
  Source: www.ibef.org
  Wind turbine major Gamesa has formally launched its 2 mega watt (MW) machine, which was unveiled by Dr Farooq Abdullah, Union Minister for New and Renewable Energy, at the 3rd International Wind Conference and Exhibition. Gamesa's 2 MW turbine ...
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Halcyon Finance buys superspecialty hospital rights for Rs 375 cr
  February 06, 2012 
  Source: www.ibef.org
  Halcyon Finance and Capital Advisors Pvt Ltd has bought management and development rights of an under construction superspecialty hospital in Delhi, India, for Rs 375 crore (US$ 76.96 million). Halcyon plans to develop a 700 bed facility and will als...
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Tata Steel Canada arm inks deal for rail transportation of iron ore
  February 06, 2012 
  Source: www.ibef.org
  Tata Steel Minerals Canada (TSMC) has entered into a "life of mine" rail transportation contract with Quebec North Shore and Labrador Railway Company (QNS&L). The deal allows for the transportation of iron ore from the Direct Shipping Ore (DSO) P...
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More Japanese firms find India hot
  February 06, 2012 
  Source: www.ibef.org
  Recently around 200-300 Japanese firms have evinced interest to set up their base in India. "...and they see a huge potential for the future," according to Masaki Ida, Chief Director-General, Japan External Trade Organisation (JETRO). ...
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Forex reserves rise to $293.93 bn
  February 06, 2012 
  Source: www.ibef.org
  India's foreign exchange (forex) reserves increased by US$ 673 million to touch US$ 294 billion for the week ended January 27, 2012. According to the Reserve Bank of India (RBI), increase in the foreign exchange reserves is mainly on account of...
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Jonty Rhodes to promote South African tourism in India as brand ambassador
  February 03, 2012 
  Source: www.ibef.org
  Former South African cricketer Jonty Rhodes, has volunteered to promote South African tourism in India as a brand ambassador. India is one of the most 'vibrant' markets to attract tourists to the Rainbow Nation, according to Hanneli Slabb...
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Amazon flows into India via Junglee route
  February 03, 2012 
  Source: www.ibef.org
  Amazon.com on February 2, 2012, flowed into India by launching a website called Junglee.com. It is being positioned as an online shopping service that will help customers discover products from other websites (including Amazon.com). When users select...
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Bertelsmann sets up India Corporate Centre
  February 03, 2012 
  Source: www.ibef.org
  The US$ 16 billion media giant Bertelsmann has opened its India Corporate Centre in Delhi. Through this, it will identify investment opportunities and build new businesses here. Education and digital media are two key areas the company has identified...
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RIL signs $400m loan deal with SACE
  February 03, 2012 
  Source: www.ibef.org
  Reliance Industries Ltd (RIL) has approached the international markets, to raise funds for its ambitious US$ 11 billion mega petrochemicals project (J-3) in Jamnagar. RIL officials were in Rome to sign an agreement for US$ 400 million loan facility f...
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NABARD incentivises banks to boost investment in warehousing
  February 03, 2012 
  Source: www.ibef.org
  National Bank for Agriculture and Rural Development (NABARD) has introduced a new refinance product for warehousing. The refinance scheme incentivises banks to accelerate the pace of creation of quality warehousing facilities for agricultural commodi...
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