The most recent data available with the U.S. Treasury Department shows that India increased its holding of American government securities to $124.1 billion at the end of April, a $7 billion increase from the previous month. Among the BRIC nations, India had the third largest exposure to the U.S. government...
Russia to Build Two New Nuclear Power Plants in India
India and Russia signed the General Framework Agreement and Credit protocol for Units 5 and 6 of the Kudankulam Nuclear Power plant located in the southern state of Tamil Nadu. Nuclear Power Corporation of India Ltd., and Russia’s Atomstroyexport, a subsidiary of Rosatom, will build the reactors. Each of the two...
India's Dairy Sector Buoyant Despite Global Slump
According to Dublin, Ireland-based Research and Markets, India, the largest producer and consumer of milk globally, should report a 15.6% year-on-year growth in revenues for this year. India's demographics and dietary habits have changed over the past two decades, and the demand for cheese, ice cream, and yogurt now takes...
Netflix Launches in India
Having launched in India, Russia and 130 new countries, Netflix is all over the world,. Netflix CEO Reed Hastings announced that his streaming video giant more than tripled the number of countries it operates in. Forbes reports that Wall Street hopes Netflix’s international expansion can outweigh concerns about slowing growth at home...
Indian Economy Shows ‘Firming Growth’ Says OECD
In the September release of the Composite Leading Indicators (CLIs) that are designed to anticipate turning points in economic activity relative to trend, the Paris-based Organization for Economic Cooperation and Development (OECD) said India is expected to see “firming growth”. As reported on their Website, the CLIs signal stable growth...
Modi Government Signed 18 Contracts for $20.1 Billion in its First 9 Months
The Defense Ministry of India has signed 18 international contracts worth $20.1 billion between May 2014 and February 2015. The contracts were signed with armaments manufacturers from USA, Russia, the UK, Israel, Germany and France reports Defense World. “Defense Procurement Procedure details direct dealing with the original equipment manufacturers, authorized...