Indian electronics industry worried as local manufacturing share expected to decline by 2012

India’s electronic chip market — an indicator of overall electronics consumption — grew by a whopping 28% in 2010 — according to research conducted by the Indian Semiconductor Association and Frost & Sullivan. The consumption of electronic chips — almost none of which is produced in India — rose from $5.1 billion in 2009 to […]

French financial services giant Natixis seeks India entry

The French Asset Management firm Natixis Global Asset Management has sought the government of India’s approval to enter the Pension Funds management business in India. The Government’s foreign investment promotion board (FIPB) on Tuesday deferred the proposal to its next meeting. The investment by Natixis will be done ‘indirectly’ through another company, the FIPB said. […]

US ambassador to India resigns

According to a press release from the United States embassy in New Delhi the US Ambassador to India, Timothy Roemer, has decided to resign from his post due to “personal, professional and family considerations”. He took the responsibility in India two years ago. “When I accepted this job two years ago, I told President Obama […]