Indianomics

Bangalore which has been re-christened to become Benguluru is still the hotspot for IT investments. People complain about the bad roads, shoddy infrastructure, corrupt bureaucrat, traffic jams and the airport.
But the problem with all those complaints is just this, they are all complaints. People just love Bangalore. The weather is pleasant, there is no [...]

Rediff has posted the list of India’s most admired entrepreneurs. The title is chosen very carefully. It says most admired. So they know for sure that it has ambiguity and is not quantifiable. Let us take a look at the list and

Sensex is a great teacher. If you follow it regularly it tells a lot of things about life. It does not look at what happened yesterday. Every day is a new day. It always looks to the future and is not married to  the past. This is very important for anybody to remember to get [...]

Economic Times reports that software companies are threatening to pull-out of Chennai. Well, this is not the first time and this certainly would not be the last time. If only threatening could solve our problems, everybody will be threatening. Tata will threaten West Bengal to pull out. Infosys has already threatened Bangalore that it will [...]

Tata’s Nano was dealing with one controversy after the other since it was announced. Nano has already invited several criticism for the environmental disaster it can be by choking up already clogged Indian roads.  The latest one of shutting down the factory, could prove catastrophic. West Bengal government has acquired 1000 acre land for car [...]

Shyam telecom in a JV with russia based Sistema (holds a majority stake in Shyam tele) has got the approval to run pan-India CDMA services. The company will be operating in 21 circles (except Rajasthan). This was done as a part of recent spectrum allocation by the telecom ministry. Shyame tele is the first operator [...]

Motialal oswal financial services ltd got SEBI’s approval for selling mutual funds. The business unit named Passionate investment pvt ltd might start selling new funds in fiscal 2009. There is also an indication that its looking for a possible joint venture. Motilal will be joining a 30+ strong indian asset management company.
In a similar developent [...]

Special undertaking of UTI (Suuti) which holds a 27% stake in Axis bank is planning to sell 21% stake and has appointed 3 banks to oversee it. The stake will sold in bulk deals to Institutional investors. Banks involved in overseeing share the sale are JPMorgan Chase, citibank and ICICI Securities ltd. Suuti has to [...]

New companies bill which was approved by the union cabinet yesterday will ease some of the beauracracy involved in starting and doing business in India. The bill has reduced the norms to comply to 400 which was almost double earlier. It will also smoothen the mergers and acquistion process. Other sailent features of the bill [...]

Micochip Technology, which specializes in micro-controller and analog semi-conductors, is planning to invest $65 million in its Bangalore facility over a period of 5 years. This investment would provide an employment for 300 people.
Microchip is a US based company (source).