The Manohar Parrikar-led Ministry of Defense in India will buy its requirement of close quarter battle carbines directly instead of going through the conventional route of floating global tenders for them. “With repeated failure to procure it through the global tendering process, the ministry has to go for direct government-to-government sale...
Attend Regional Convention of Overseas Indians, Los Angeles November 2015
Persons of Indian origin and Indo-philes alike are welcome to attend the 2015 Regional Pravasi Bharatiya Divas (Overseas Indians) Convention hosted in Los Angeles for the very first time. Sushma Swaraj, India’s External Affairs Minister who also runs the Ministry of Overseas Indian Affairs inaugurates the Convention at 6:00 PM...
Boston Scientific's BRIC Sales Rise by 18 Percent
Speaking at the J.P. Morgan Healthcare Conference, Mike Mahoney, CEO of Boston Scientific a Marlborough, Mass.-based medical device company, said the company derived about 10% of its total sales from emerging markets in Brazil, Russia, India and China during the 3-months ended Sept. 30, 2014 -- an 18% increase from...
Level of Stress in 74 Countries Ranked, India is #14
Bloomberg has ranked the incidence of stress in the lives of people in 74 countries of the world. Seven equally weighted variables were considered in the rankings: annual homicide rates, GDP per capita on a purchasing-power-parity basis, income inequality, corruption perception, unemployment, urban air pollution, and life expectancy. Life is...
India's Fast Breeder Nuclear Reactor to Go "Critical" in 2015
India’s 500 MWe Prototype Fast Breeder Reactor (PFBR) at Kalapakkam in Tamil Nadu missed its September 2014 deadline for first criticality, and will be commissioned in 2015 reported Jitendra Singh, minister of state for space and atomic energy. Erection of all major components of the reactor has been completed. Commissioning...
Capitalizing on the Indian Online Market
"500 million people will be coming online over the next three to four years on inexpensive smartphones," said Vivek Wadhwa, an Indian-American academic and entrepreneur. "This will create an Internet revolution that will make our (American) dot-com boom seem lame." These soon-to-be connected consumers are also young -- making them...