News - Industry

2011 China-India Development Summary Released - Free Report now available for download

Hong Kong, Dec 31, 2010 (Washington Bangla Radio / PressReleasePoint) 2point6billion.com has just released its 2011 China-India Development Report, written by Chris Devonshire-Ellis and containing a series of essays and commentary on the development and repositioning of each of these huge countries. Containing the latest in demographics and available trade figures, the report looks at the perceived progression of the Indian market in particular and how this is being impacted by an increase in China overheads and the development of wealth creation within China’s own consumer market.


National Saffron Mission to Revive Kashmir Saffron

By M.L.Dhar

Dec 31, 2010 (Washington Bangla Radio / PIB India) Kashmir has the proud privilege of producing the finest quality saffron, which is famous for its colour and flavour all over the world. The Central Government launched the National Saffron Mission (NMS) in November 2010 after the Prime Minister Dr. Manmohan Singh announced it during his visit to Kashmir earlier in the year.


Getting down to business in Singapore

Singapore, Dec 29, 2010 (Washington Bangla Radio / openPR) Keystone Law Corporation is pleased to announce the launch of Office-in-a-Box, its new product offering to assist foreign corporations and start-ups in setting up shop in Singapore. For a single base fee, Keystone will assist clients to set up their business entity, vet leases and prepare employee documentation. It will also provide guidance in key areas such as intellectual property and business licenses.


Infocom 10 11 Calcutta 2011 in January

KOLKATA, INDIA, December 23, 2010 (Washington Bangla Radio / 24-7PressRelease) Infocom 10 11 Calcutta 2011 will provide a forum for some of the most influential industry leaders to exploit the opportunities of Indo-European ICT. The conference is the first of its kind and will provide a fantastic opportunity for SMEs in India and Germany to consider collaboration in order to exploit the strengths of both economies.


India's North Eastern Regional Agricultural Marketing Corporation Ltd (NERAMAC) Bridging The Marketing Divide

New Delhi, Dec 24, 2010 (Washington Bangla Radio / PIB-India) Dal Bahadur Khadiwada, a cardamom farmer from Dalapchand in East Sikkim could not believe his eyes as his large cardamom fetched ‘ 971 per kg during the auction organized by North Eastern Regional Agricultural Marketing Corporation Limited (NERAMAC). The rate he fetched was much higher than the prevailing market rate or that being offered by the local traders.

Now he swears that all his produce will find a way to market through NERMAC only. He also has vowed to now motivate his fellow villagers and neighbors to sell their agricultural produces like ginger and hill broom along with the large cardamom through this agency only.


Duke Fashions India Ltd. Receives IndiaMART Leader of Tomorrow Award

New Delhi, Dec 23, 2010 (Washington Bangla Radio / onlineprnews) With its belief in the principles of Total Quality Management, Duke Fashions India Ltd., has revolutionized the Indian apparel industry. As a recognition of his contribution towards the Micro, Small and Medium Enterprises (MSMEs) sector, Mr. Kuntal Raj Jain, Director, Duke Fashions India Ltd., won the IndiaMART Leader of Tomorrow Award 2010 in the apparel and accessories category at a gala Awards Ceremony held in New Delhi recently. The winner was felicitated by the Honorable Minister for Home Affairs Mr. P. Chidambaram in front of business leaders and government officials such as Mr. Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies and Mr. Uday Kumar Varma, Hon'ble Secretary, Ministry of Micro, Small and Medium Enterprises (MSMEs), Government of India among others. The Awards Ceremony recognized and celebrated the accomplishments of the entrepreneurs in the MSME sector.


Consumers In India urged to Discharge their Responsibilities and Assert their Rights

24th December is an important day in the history of consumer movement in India as on this day the Consumer Protection Act, 1986 came into existence.  Consumer Protection Act is considered as the Magna Carta for protecting consumer rights through establishment of advisory and adjudication authorities. This year the theme proposed by the Ministry of Consumer Affairs is “Consumers! Discharge your Responsibilities: Assert your Rights” which clearly means  ‘there cannot be rights without responsibilities’.

Consumer Rights under Consumer Protection Act:



India's Central Government Must Be Fair in Taxation on ESOPs, says ASSOCHAM

Mumbai, Dec 8, 2010 (Washington Bangla Radio / pressreleasepoint) Keeping in view of the proposed amendments in Employee Stock Ownership Plans or Employee Share Plans (ESOPs) in the Direct Taxes Code Bill 2010 and Finance Minister’s recent announcement that the government will try to plug tax leakages through proposed DTC which will make the taxation regime transparent and predictable, the Associated Chambers of Commerce and Industry (ASSOCHAM) has suggested the centre either to annul taxation on ESOPs or make it fair and justifiable on market value basis at prevailing price effective date of grant, while subsequent appreciation should be taxed at realization or sale of capital gains.

ASSOCHAM in its recommendations on the DTC Bill 2010 for effective implementation during allotment reviewed personal taxation, corporate taxation, taxation for non-profit organizations, capital gains, international tax regime, general anti avoidance rules, controlled foreign companies, transfer of pricing and in respect of mergers and acquisitions urged the centre to keep continue the tax value on date of exercise under DTC Bill 2010 to benefit the employees.


IndiaMART Leaders of Tomorrow Awards 2010 Presented By P. Chidambaram

New Delhi, 8th December, 2010 (Washington Bangla Radio / Online PR News) The stars of the Small and Medium Enterprise (SME) fraternity experienced their moment of glory when they were declared 'Leaders of Tomorrow' at an Awards Ceremony on December 3, 2010. Filled with pride and enthusiasm, they received the coveted Awards from Honourable Union Minister for Home Affairs Mr. P. Chidambaram at IndiaMART Leaders of Tomorrow Awards Ceremony organised by IndiaMART.com with ET NOW. It brought together the biggest names from the Indian business and SME community under the same roof.

Proud of the success of the initiative, Mr. Dinesh Agarwal, Founder and CEO, IndiaMART.com, said, "I am pleased to see the 'IndiaMART Leaders of Tomorrow Awards 2010’ end on such a high note this year. With extraordinary conviction, these winners have put their blood and sweat to nurture an idea, and set up successful ventures. The Awards salute their spirit to chase their dreams.”
On being adjudged Leader of Tomorrow (IT/ ITES/ Telecom) and also Company of the Year, Mr. Vijay Shekhar Sharma, Managing Director, One97 Communications Limited was ecstatic to receive the two Awards. He said, “This is a great honour for One97 to be awarded ‘Company of the year’. It shows true commitment of our team and customers’ trust in us. I am sure this motivates us a lot and we commit to great heights for future. Thanks to Jury and I look forward to receiving similar support of everyone in the future also."


India’s 1st US Equity ETF based on NASDAQ filed by Motilal Oswal Mutual Fund

Mumbai, December 4, 2010 (Washington Bangla Radio / Online PR News) This will be India’s first US Equity based exchange traded fund (ETF), once it is approved by the Indian regulators.

The NASDAQ-100 Index® is made up of the 100 largest non-financial companies listed on The NASDAQ Stock Market®. The NASDAQ 100-Index is developed and maintained by The NASDAQ OMX Group, the world's largest exchange company.

With the surge in popularity of technology stocks, the NASDAQ-100 Index® has become the premier benchmark for high-tech investors as well as one of the most followed indexes in the world.
Commenting on the filing, Mr. Nitin Rakesh, MD & CEO of Motilal Oswal AMC commented, “MOSt Shares N100 will be a unique offering. It aims to provide Indian investors with a global, diversified, rupee denominated, Indian market hours access to high growth NASDAQ-100 Index companies such as Google, Microsoft, Apple and other leading global companies.”


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