A Made-in-China Diwali

China surely knows how to make its presence felt in Indian markets, and Diwali is no exception. Cashing in on Indians’ attraction to anything that is cheap, Chinese products as Diwali gifts have seen a surge in demand by 45%, according to a survey undertaken by the Associated Chamber of Commerce and Industry (ASSOCHAM). Consumers …

Convention on Avoidance of Double Taxation Amended by India and UK

India and the United Kingdom (UK) have made amendments to the convention on avoidance of double taxation, by signing a protocol. The pact will streamline the provisions on partnerships and dividends, besides enhancing the information flow between tax authorities of the two countries. The pact was signed by Mr Jaimini Bhagwati, High Commissioner of India …

Australian Body ACPET Ties up with NSDC to Meet India's Skill Needs

The Australian Council for Private Education and Training (ACPET) signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) in New Delhi today to meet India’s skilling needs across 21 industries. The MoU, signed by ACPET CEO Claire Field and NSDC CEO & MD Dilip Chenoy, includes a commitment to foster partnerships …

After Formula1, FormulaE series to Come to India in 2014

The promoters of the brand new FIA Formula E series, in which the cars will be powered by electric energy, are targeting India as a destination for a race in their inaugural series in 2014. India is being viewed differently by the motorsport world after it successfully hosted Formula One Grand Prix last year. Within …

Mahindras to Step up Retail Operations

After opening 100 stores over the past four years under the ‘Mom & Me’ brand, Mahindra Retail, the low-profile retailing arm of $15.5-billion Mahindra Group, wants to go full steam. The company, which retails maternity and baby products under ‘Mom & Me’, wants to open 50 stores under that brand. It also plans to open …

Global Leaders, Indian Roots

Vikram Pandit’s rather sudden stepping down as the Citibank chief may have taken the corporate world by surprise, but the number of Indians in the world’s C-Suite cupboard is far from being bare. There are a still a large number of Indians in C-Suite positions – a widely-used term used to collectively describe a company’s …

We Will Not Sell Arms to Pakistan, says Russia

Ahead of Russian President Valdimir Putin’s visit next month, Moscow declared that it would not sell arms to Pakistan. “We are always cooperating with India to ensure safety of the region. We never created trouble for India in the region as compared to other countries. If someone says otherwise, spit in his face,” Russian Deputy …