In view of adequate availability Government has permitted export of Non Basmati Rice, Wheat, Onion, and certain Milk products, which were banned during the last few years. Details are as under:
Non Basmati Rice: Government has permitted export of non-basmati rice through Notification No. 71 dated 09.09.2011. Its export was prohibited since October, 2007.
Wheat: Government has

National Small Industries Corporation (NSIC) signed an Memorandum of Understanding (MoU) with Ministry of Micro, Small and Medium Enterprises (MSMEs). The Memorandum of Understanding for the year 2012-13 was signed by Dr. H. P. Kumar, CMD, NSIC with Shri R. K. Mathur Secretary, MSME. On the occasion Shri Mathur said, “I am happy that MoU

Henkel AG, the Germany based FMCG firm, is mulling the sale of its stake in Henkel India, its subsidiary in the Indian subcontinent, the times of India reported. According to the reports, Henkel AG may be mulling to divest either part of the stake or offload its entire stake in the subsidiary. Henkel India is

Pearson has increased its shareholding in Bangalore based TutorVista to a majority 76% controlling stake. Pearson, the world’s leading learning company, undertook the stake investment for a consideration of $127 million. Pearson first acquired a minority stake in TutorVista in June 2009, with this transaction hiking its total equity investment in the Indian firm to

Bosch Group is to invest Rs 2,300 crore in India in the coming three years, reported the firm. Bosch Group is a supplier of technology and services to original equipment manufacturers (OEMs) in the automobile sector. According to its plans, the company is keen on introducing new technology-driven products in all its business areas such

India fell one place to Philippines for business support functions (such as shared services and business process outsourcing) in the global ranking, after having challenged the top position for several years, revealed an IBM report. This is the first time that India is not in the leading position for these activities.
According to the report, the

Worthington Industries, Inc. Thursday announced that its Worthington Cylinders segment has entered into an agreement to acquire a 60 per cent interest in India’s Nitin Cylinders Limited. Nitin Cylinders Limited (NCL) is located in Visakhapatnam, India, and the move is expected to expand Worthington’s presence in the growing alternative fuels cylinder market.
NCL is a subsidiary

Banco Bilbao Vizcaya Argentaria (BBVA) and Bank of Baroda (BoB) have today signed a Memorandum of Understanding (MOU) to form a joint venture in credit card business. Upon regulatory approval, BBVA will acquire a 51% stake in the existing credit card unit of Bank of Baroda, BOBCARDS, by investing a total amount of 34 million

SMIT Salvage, a wholly owned subsidiary of Royal Boskalis Westminster N.V., announced Monday it had acquired two ship salvage contracts in India. The combined value of the contracts is approximately € 50 million. The first assignment involves the refloating of a container vessel off the western coast of India.
The vessel was involved in a collision

Dewan Housing Finance Corporation (DHFL) may be in line to acquire Deutsche Postbank Home Finance (DPHF). The firm is a favorite for the acquisition of Deutsche Postbank Home Finance, previously known as Birla Home Finance Ltd. Dewan Housing Finance Corporation is controlled by the Wadhawan family and will undertake the acquisition for around $240 million,