Business News – Newsletter for November 7, 2010

Milkfed lacks money to fight patent battle with NRI firm

CHANDIGARH – Due to financial constraints, Milkfed Punjab has been unable to take legal action against a company that has been selling milk products in the US and Canadian markets, using the cooperative’s brand name Verka and its logo.

Kulwinder Dhillon, a non-resident Indian in Canada, has got a patent on the Verka brand …. Read the original article  : Milkfed lacks money to fight patent battle with NRI firm.

Buy-one-get-two free offers increase 4 times in a year

LONDON – With more competition brewing, it’s a win-win situation for the customers as the buy-one-get-two-free supermarket offers have increased four times in a year.

The deals follow the “bogof”-buy one get one free-which drew criticism for adding to food wastage and the amount of packaging sent to landfill.

According to Grocer magazine, the new get-two-free deals …. Source  : Buy-one-get-two free offers increase 4 times in a year.

Obama meets farmers ‘virtually’ for peek at rural tech revolution

MUMBAI – US President Barack Obama Sunday interacted with farmers from Ajmer through a video-conference link from here to understand how India was seeking to bridge the digital divide by reaching technology and services to the grassroots level.

Moderating the discussion at the St. Xavier’s College here was the Chicago-based tech evangelist Sam Pitroda, while … Read more >>>.

Obama interacts with Ajmer farmers through video conferencing

MUMBAI – US President Barack Obama Sunday interacted with farmers from Ajmer through a video-conference link from here to understand how India was bridging the digital divide by reaching technology to the grassroots level.

Moderating the discussion was the Chicago-based technology evangelist Sam Pitroda at the St. Xavier’s College here, while the young Minister of …. Original article  : Obama interacts with Ajmer farmers through video conferencing.

Obama praises ‘city of dreams’ Mumbai

MUMBAI – Describing Mumbai as a city of dreams and praising Mumbaikars, including those living in the “winding alleys of Dharavi”, for their optimism and determination, US President Barack Obama Saturday said it was these qualities that would bring India and the US closer.

Obama, addressing the US-India Business Council and Entrepreneur summit in Mumbai … Read more >>.

Indian industry found Obama sincere and dynamic

MUMBAI – India Inc. found US President Barack Obama a “sincere and dynamic” person willing to further business relations between the two countries, a top official said Saturday.

“His appeal is truly very positive and inspiring for the Indian industry to take the lead and enhance business relations between the two countries,” Confederation of … Original source on Gaea Times at : Indian industry found Obama sincere and dynamic.

‘Diya’, ‘Saal mubarak’, Obama strikes chord with Hindi words

MUMBAI – US President Barack Obama Saturday struck a chord with Indians as he used Hindi words such as “diya” and “Saal Mubarak” while addressing a gathering of over 400 business honchos from both countries.

“Families are lighting diyas and giving thanks for the blessings and looking ahead for the new year,” said Obama. … Original article on : ‘Diya’, ‘Saal mubarak’, Obama strikes chord with Hindi words.

SpiceJet signs 30 aircraft deal with Boeing

MUMBAI – Low-cost carrier SpiceJet Saturday signed an agreement with US aircraft manufacturer Boeing for buying 30, B737-800 commercial aircraft, worth $2.7 billion.

SpiceJet Director Bhulo Kansagra and Boeing’s Christopher Chadwick signed the deal here.
According to an airline official, the purchase will allow the air carrier to expand its domestic as well …. Source article on Gaea Times at  : SpiceJet signs 30 aircraft deal with Boeing.

Reliance Power signs $750 mn deal with General Electric

MUMBAI – Anil Dhirubhai Ambani Group (ADAG) firm Reliance Power Saturday signed a $750 million (Rs.3,500 crore) deal with US engineering major General Electric (GE) to procure turbines for its gas-based power project in Andhra Pradesh in the presence of President Barack Obama here.

The order to GE is for the capacity expansion of the … Read more : Reliance Power signs $750 mn deal with General Electric.

Obama signals easing of high-tech exports, unveils $15 bn deals (Intro Night Roundup)

MUMBAI – US President Barack Obama began his maiden visit to India Saturday by promising to remove restrictions on sensitive high-tech exports, a nagging irritant in the evolution of bilateral ties, even as he declared deals worth $15 billion that would support some 54,000 American jobs and seek to answer critics back home.

Arriving shortly …. Read the original article  : Obama signals easing of high-tech exports, unveils $15 bn deals (Intro Night Roundup).

‘10 bn dollar business deals between India-U.S firms to create 50,000 jobs in U.S’: Obama

MUMBAI – The United States President, Barack Obama, on Saturday announced conclusion of 20 deals worth 10 billion dollars by the US and Indian Business firms while stating that it would create over 50,000 jobs in the US and job opportunities in India as well.

Allaying fears of small … Original source on Gaea Times at : ‘10 bn dollar business deals between India-U.S firms to create 50,000 jobs in U.S’: Obama.

US to support India for NSG, to clear banned Indian entities

MUMBAI – In a move that will be welcomed in India, US President Barack Obama Saturday said the US will work to reform export laws as Washington readies to express “in-principle” support to New Delhi’s membership of elite nuclear clubs like the Nuclear Suppliers Group (NSG).

“We are reforming export control system, so even …. Source article on Gaea Times at  : US to support India for NSG, to clear banned Indian entities.

US to send high-tech trade mission to India

WASHINGTON – With the expected easing of US export controls, US Commerce Secretary Gary Locke plans to lead a high-tech trade mission to India in February to promote the export of high-technology products from leading US firms.

The Feb 6-11, 2011 business development mission will make stops in New Delhi, Mumbai, and Bangalore, according to … Read more »»».

Obama supports India’s rise, declares $15 bn deals (Night Roundup)

MUMBAI – US President Barack Obama began his maiden visit to India Saturday by describing ties between the two countries as a “defining and indispensable partnership of the 21st century” while declaring deals worth $15-billion that would support some 54,000 American jobs and seek to answer critics back home.

Arriving shortly after noon on … Read more : Obama supports India’s rise, declares $15 bn deals (Night Roundup).

India-US business on equal terms: Bajaj

MUMBAI – Eminent industrialist Rahul Bajaj Saturday said that business between the US and India must be on equal terms and no one party should be subservient to the other.

Reacting to President Barack Obama’s speech here, Bajaj said now that the US needs India, it wanted to do business with India.
“However, it must …. Original article on Gaea Times at  : India-US business on equal terms: Bajaj.

President Obama holds discussions with Indian, US businessmen in Mumbai

MUMBAI – The United States President, Barack Obama, here on Saturday addressed a number of Indian corporate heads while opening discussions on crucial areas of cooperation like pharma, manufacturing, transportation and clean energy.

President Obama, during the roundtable … Read the original article on Gaea Times at : President Obama holds discussions with Indian, US businessmen in Mumbai.

U.S.-India have signed several landmark trade deals worth 10 bn dollars: Obama

MUMBAI – The United States President Barack Obama said here on Saturday that “several landmark” trade deals, worth 10 billion dollars, have been reached between the U.S. and India to create about 50,000 jobs in the United States.

Obama, while expressing confidence that he was absolutely sure that … Read more : U.S.-India have signed several landmark trade deals worth 10 bn dollars: Obama.

Do away with old stereotypes, Obama tells Americans, Indians

MUMBAI – US President Barack Obama Saturday asked American and Indian business leaders to look at issues like outsourcing and market access with a fresh perspective that reflected today’s market dynamics.

Moving away from the election rhetoric on banning off-shoring activities to countries like India, Obama sought to dispel the notion that the world’s …. Source article on Gaea Times at  : Do away with old stereotypes, Obama tells Americans, Indians.

Indo-US business deals worth $15 bn struck

WASHINGTON/MUMBAI – Ahead of US President Barack Obama’s address to CEOs in Mumbai, the White House announced the following deals worth almost $15 billion that will support 53,670 jobs in the US.

The following is the list of deals:
-Heavy Transport Aircraft: Preliminary agreement between the Boeing Company and Indian Air Force on the … Original source on Gaea Times at : Indo-US business deals worth $15 bn struck.

Over nine percent growth in tourist arrivals in October

NEW DELHI – Foreign tourist arrivals in India increased by over nine percent in October this year over the corresponding month last year, the tourism ministry said Saturday.

The foreign tourist footfalls in October was 4.87 lakh as compared to 4.46 lakh during the same period last year, a growth of 9.2 percent, the ministry … Read : Over nine percent growth in tourist arrivals in October.