India News Bytes - 29th March 2009

Friday, May 29, 2009 at 10:53 AM
Economy

• Moody’s Investor Service retains a stable outlook for India

• Inflation edges to a 7 week high of 0.48 percent for week ended May 2.

• India’s index of industrial production falls 2.3 percent in March 2008 its worst fall in last 16 years.

• Indian Exports and imports getting hit big time with exports declining by 33 percent in March 2009
to US$11.5 billion against US$17.2 billion for corresponding period last year.

• IMF: Indian economy to rebound near the end of the current calendar year.

• FDI worth US$11 billion flows into the country during October 2008 and March 2009.

• INR rises from 49.41/USD to 47.92 /USD, the sharpest rise in 23 years.

• The Government has cleared the way for the Navi Mumbai international airport by amending the coastal zone notification.

• Mr. Manmohan Singh sworn in as India’s Prime Minister. Mr. Pranab Mukherjee , Finance Minister, Mr. S M Krishna , External Affairs, Mr. Chidambaram, Home and Ms. Mamta Banerjee, Railways .

• Former Democratic Congressman Timothy J Roerner new US Ambassador to India.


Business

• The Korean Register of Shipping opens its first branch office in India.

• Jaguar Land Rover which has been bought over by Tata Motors to start selling their premium saloon cars and sports utility vehicles in the Indian market by 2009 year end.

• Larsen and Toubro announce the formation of a JV with EADS Defence and Security o develop and design defence electronics products, including radars, avionics and electronic warfare.

• Following the retail collapse global brands from US, UK, Thailand and Europe look to India for opening up of Franchise outlets.

• UB Group to form a strategic partnership with UK based Snow Leapard vodka.

• Tata Consultancy Services has been awarded a five year outsourcing contract by the Volkswagen group UK for IT transformation and support system across the company’s commercial vehicles and passenger car brands.

• Eveready Industries to spend Euro 10 million on buying a major stake in French firm Uniross SA.

• India’s largest tyre manufacturer Apollo Tyres acquires Dutch tyre maker Vredestein Banden.

• Bharti Enterprises Ltd. To import and sell Philippines based Del Monte Pacific Ltd’s processed food products, including packed fruits and drinks in Indian market.

Conference

Wednesday, May 13, 2009 at 5:10 PM
Legal Mobility Issues between India and France

On the 9th and the 11th of June the IFCCI is organising a conference on Legal Mobility Issues Between India and France :
“Expatrié vs Détaché Status”
“Business visas and long term stays in France for Indians”

Mr. Jean-Luc Ferrant and the Indo-French Chamber of Commerce and Industry (IFCCI) in association with Helma Solutions India Pvt. Ltd. invite you :
On June 9th 2009 at the Hotel Four Seasons - Hemant Room, Mumbai the seminar will be starting at 19:00 hrs. followed by a cocktail dinner. On June 11th 2009, Chennai the breakfast meeting will start at 08:30 hrs.

Helma International will be represented by Mr. Ghislain De Rengervé , CEO and Mrs. Elisa Khetty, Country Manager India .

For more information and registration, please contact-
Dr Jayashree Jakhade at 022 2206 4619 or jayashree.jakhade (at) ifcci.org.in

CEO's Interaction

at 5:08 PM
According to the IMF’s most recent World Economic Outlook, published in October, the world economy is “entering a major downturn” in the face of “the most dangerous shock” to rich-country financial markets since the 1930s.

To understand the situation better and to facilitate discussions on the same, the Indo-French Chamber of Commerce and Industry (IFCCI) is organizing a half-day Seminar on 20th May 2009 at the Hotel Trident - Lotus Room, Mumbai between 1530 – 1730 hrs. Topic is "How to consolidate during a market recession".

As this topic is of relevance to all doing business, big and small and affected by the global bleak scenario, one would get an idea and a solution as to how to tackle issues not only relating to being competitive but also of survival. There will be a Panel Discussion in which eminent CEOs will air their views and experiences on how to cope with the difficult times.

Members : INR 800
Non Members : INR 1500

For more information and registration :
Dr Jayashree Jakhade at 022 2206 4619 or email jayashree.jakhade (at) ifcci.org.in

Gala Dinner In Delhi

at 5:07 PM
The North Region Council of the Indo French Chamber of Commerce and Industry organised a Gala Dinner on the 11th of May 2009 at Manre, the European cuisine restaurant situated in MGF Mall in Saket, New Delhi.

This event was organised to celebrate the robust and vibrant relations that exist between the two countries.

This initiative is part of the Chamber's continued exploration and experimentation in creating new platforms to nurture convivial exchange between the captains of the Indo-French business community.

More details...


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Employment Services

at 3:13 PM
If you are a french or indian citizen looking for a job, you can registered on the IFCCI database.
More Details !

The IFCCI employment services gives you access to its members professional experience along with their Human Resource Services to facilitate your search to select Employes.

More Details !