Archive for ‘India alert’

18/12/2014

Birla Said to Plan $1 Billion Aluminum Exports: Corporate India – Businessweek

Hindalco Industries Ltd. (HNDL), owned by Indian billionaire Kumar Mangalam Birla, is targeting a record $1 billion of aluminum exports by March 31 buoyed by rising U.S. and European demand, people with knowledge of the matter said.

Overseas shipments may triple to as much as 400,000 metric tons in the 12 months ending March 31 from the previous year, said two people, who asked not to be identified because they aren’t authorized to speak to the media. The Mumbai-based company had exported less than half the target as of the middle of last month, the people said.

Stricter emission norms in the U.S. and Europe are prompting vehicle makers to choose the lighter alloy over steel, helping the owner of the world’s largest supplier of aluminum sheets to carmakers boost overseas sales and counter a domestic slowdown. The additional demand will aid Hindalco revive profit growth after five straight quarters of decline and find a market for its new capacity.

via Birla Said to Plan $1 Billion Aluminum Exports: Corporate India – Businessweek.

18/12/2014

India Power Lines to Get $1.2 Billion German Revamp With KfW – Businessweek

German state-owned bank KfW Group will spend 1 billion euros ($1.2 billion) to refurbish India’s electricity network for carrying more renewable energy from sources such as solar and wind.

KfW agreed to loan Power Grid Corp of India Ltd. 500 million euros to build new power lines and signed deals with India’s government for two loans totaling 125 million euros for grid projects in Rajasthan and Tamil Nadu, it said today in an e-mailed statement. The deals are part of a support package of 1 billion euros, it said.

“Demand for power in India is rising unremittingly,” said Norbert Kloppenburg, a KfW board member. “The expansion of transmission is the task of the moment because of the great potential of renewable energies.”

via India Power Lines to Get $1.2 Billion German Revamp With KfW – Businessweek.

18/12/2014

India’s tech opportunity: Transforming work, empowering people | McKinsey & Company

Millions of Indians hope for a better future, with well-paying jobs and a decent standard of living. To meet these aspirations, the country needs broad-based economic growth and more effective public services. Technology can play an important role in enabling the growth India needs. The spread of digital technologies, as well as advances in energy and genomics, can raise the productivity of business and agriculture, redefine how services such as healthcare and education are delivered, and contribute to higher living standards for millions of Indians by raising education levels and improving healthcare outcomes.

India’s tech opportunity: Transforming work, empowering people

Empowering technologies in India

McKinsey’s Noshir Kaka and Anu Madgavkar discuss how India could transform its economy by employing 12 technologies.

A dozen empowering technologies

A new McKinsey Global Institute (MGI) report identifies a dozen technologies, ranging from the mobile Internet to cloud computing to advanced genomics, which could have a combined economic impact of $550 billion to $1 trillion a year in 2025. The selection of the 12 technologies for India was based on a similar process established by MGI’s earlier work on disruptive technologies.1 For India, we used additional criteria to identify the technologies that would have a direct impact on the country’s economic and social challenges in the coming decade. As a result, we include technologies such as electronic payments, which are well established in other parts of the world but not well developed in India. By 2025, however, electronic payments could help 300 million Indians join the country’s financial system.

We group the 12 technologies into three areas: digitizing life and work, smart physical systems, and energy technologies:

digitizing life and work—the mobile Internet, the cloud, the automation of knowledge work, digital payments, and verifiable digital identity

smart physical systems—the Internet of Things, intelligent transportation and distribution systems, advanced geographic information systems (GIS), and next-generation genomics

energy—unconventional oil and gas (horizontal drilling and hydraulic fracturing), renewable energy, and advanced energy storage

Each of these technologies has the potential for rapid adoption in India between now and 2025 (exhibit) …

via India’s tech opportunity: Transforming work, empowering people | McKinsey & Company.

16/12/2014

India’s Senseless Ban on Uber: Rape Is the Real Problem – Businessweek

The alleged rape of an Uber passenger by her driver in New Delhi on Friday and his arrest over the weekend is another sad chapter in India’s ongoing battle with violence against women. While official statistics suggest the country witnessed 25,000 rapes in 2012, survey evidence suggests numbers perhaps 10 times as high.

Police escorting the hooded Uber driver following his court appearance on rape charges

The government’s response to the incident was to immediately ban Uber operations in Delhi. Alhough this might offer a welcome sign of political commitment to tackle violence, it doesn’t make sense. The police in India have been accused of multiple rapes, and tourists have been raped on a train and in a traditional Delhi taxi this year; the government has not shut down the police force, the railways, and traditional taxi services. It has singled out Uber, perhaps more because it is a high-profile, politically weak service than because of any risks riders may face.

In fact, there are good reasons to think Uber can provide a safer experience than India’s traditional transportation options do. Unlike the vast majority of rape cases in the country, the alleged perpetrator in the Uber case was arrested within hours of the incident. That’s not a surprise: Uber’s procedures guaranteed that there was considerable information available on the suspect. The company provided police with the name, age, and photo of the driver, along with his bank verified address, car details, and trip and route data. That’s a much higher level of knowledge than passengers have when they hail a cab off the street.

via India’s Senseless Ban on Uber: Rape Is the Real Problem – Businessweek.

16/12/2014

Logistics Hold India’s E-Commerce Companies Back – Businessweek

Laxminarayan Krishnamurthy figured a Samsung (005930:KS) Galaxy Core 2 smartphone would make a perfect gift for his wife. So he ordered one from New Delhi-based e-retailer Snapdeal.com. When the package arrived, it contained a brick and a bar of soap but no phone. When he contacted the company, Krishnamurthy was told the phone was stolen by unscrupulous middlemen transporting the package. So he took his complaints to Facebook (FB).

Logistics Are Holding India’s E-Commerce Companies Back

“Had ordered a samsung mobile through snapdeal and we got a soap bar!!!” Krishnamurthy wrote. “The worst customer service ever received!!! Beware of snapdeal guys!!”

Anjana Swaminathan, a Snapdeal spokeswoman, didn’t respond to a request for comment.

via Logistics Hold India’s E-Commerce Companies Back – Businessweek.

15/12/2014

China Breaks India Monopoly on Nepal Economy as Investment Grows – Businessweek

In the dusty outskirts of Kathmandu, south of the Himalayan mountain range that holds the world’s highest peaks, Chinese engineers in orange hard hats oversee construction of Nepal’s first eight-lane highway.

Highway Construction

The $45 million upgrade of a road circling the Nepalese capital is one of dozens of projects helping China challenge India’s dominance in a country that is sandwiched between them. Until recently, the Himalayas served as a natural barrier that prompted Nepal to trade more across its flat border with India.

“China is growing in importance,” Ram Sharan Mahat, Nepal’s Finance Minister, said in a Dec. 4 interview in Kathmandu. “Because of new trade horizons and the cheap pricing of Chinese goods, Chinese trade vis-a-vis Nepal is growing.”

via China Breaks India Monopoly on Nepal Economy as Investment Grows – Businessweek.

15/12/2014

This Is What India’s Radio Cabs Are Doing to Make Women Safer – India Real Time – WSJ

Indian authorities and radio taxi operators in the national capital have stepped up security measures to ensure passenger safety in the aftermath of an alleged rape of a female passenger by a driver contracted to the international car booking service Uber Technologies.

Transport authorities in New Delhi have ordered radio fleet taxi companies and web-based operators to submit database of their drivers whose credentials need to be checked and have asked them to come up with a revised safety plan to be put in place by early next year, a Delhi police official, who did not wish to be named said Monday.

“A list of around 20,000 drivers has been submitted so far out of which the background details of more than 10,000 still need to be verified,” he said.

Last week, Delhi’s transport department barred Uber from operating its ride-hailing system in the national capital until it got the proper licenses. Uber on Thursday said it would suspend its service in the capital while it reviewed its screening processes. The department had stated that only six registered radio taxi companies would now be allowed to continue operating in New Delhi.

The cab operators in New Delhi, for their part, said they have certain safety rules in mind that they would submit by Dec. 31 to the transport department.

via This Is What India’s Radio Cabs Are Doing to Make Women Safer – India Real Time – WSJ.

14/12/2014

After Swacch Bharat, Modi wants ‘drug-free India’ – The Hindu

Voicing concern over the “devastating” drug addiction menace, Prime Minister Narendra Modi on Sunday said society as well as the government will have to work together to fight this problem and that a helpline would be set up soon to assist those seeking solutions.

In his third Mann Ki Baat programme on radio, he said the menace is a “national pain” but instead of the youth mired in the problem, drugs should be shunned.

He said drug addiction is “a malaise filled 3D — darkness, destruction and devastation — as it leads to the dark alleys of destruction and devastation“.

The Prime Minister said a thinking process should begin to ensure that the country is rid of this problem and added that he will try to involve celebrities from the cine world, sports and other fields to campaign for a “drug-free India”.

via After Swacch Bharat, Modi wants ‘drug-free India’ – The Hindu.

12/12/2014

Modi Gets International Yoga Day – India Real Time – WSJ

It’s probably not a stretch to say that Indian Prime Minister Narendra Modi just scored a win at the United Nations.

The international body Thursday declared June 21 the International Day of Yoga, something Mr. Modi called for in September in his maiden address to the U.N. General Assembly in New York.

”By changing our lifestyle and creating consciousness, it can help us deal with climate change,” he told the group of nations at the time. ”Let us work towards adopting an International Yoga Day.”  On Thursday, 177 countries co-sponsored the resolution to establish an international day of yoga, Pakistan, India’s neighbor and long-time rival did not join in doing so. Malaysia is also not sponsoring the event. Islamic clerics sparked controversy in 2008 after issuing a fatwa against yoga, because of its association with Hinduism.

via Modi Gets International Yoga Day – India Real Time – WSJ.

11/12/2014

The Vladimir Putin and Narendra Modi Agreements in Full – India Real Time – WSJ

Indian Prime Minister Narendra Modi and Russian Prime Minister Vladimir Putin announced that their countries had signed 20 bi-lateral agreements including memorandums of understanding and commercial contracts on Thursday.

View image on Twitter

During Mr. Putin’s visit to India’s capital, the Russian leader said in a news conference that the documents placed an emphasis on trade and economic issues.

Eight of the agreements signed relate to nuclear power and energy production including a roadmap for bilateral cooperation in the civil nuclear energy sector over the next 20 years. Russia also agreed to supply “major equipment” to the Kudankulam nuclear power plant in Tamil Nadu.

India agreed to identify a second site apart from Kudankulam for Russian-designed nuclear power plants.

Mr. Modi said that they had “outlined an ambitious vision for nuclear energy” and would have “the highest standards of safety in the world.”

A list of the agreements signed is below as provided by India’s Ministry of External Affairs.

via The Vladimir Putin and Narendra Modi Agreements in Full – India Real Time – WSJ.

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