India Small Business News Round-up – 28/02/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from India:

  • Canadian company to supply parts for Tata Nano: Samco Machinery Ltd, a Canada-based roll forming system manufacturer, will supply auto parts for world’s cheapest car Tata Nano, unveiled by the Tata Group last month.
  • Loans to get cheaper as SBI cuts rate again: There is good news for people repaying home loans. After going up for months, EMIs are set to come down.
  • Biocon buys German firm: Biotechnology company Biocon has acquired a 70% stake in German pharmaceutical company AxiCorp for 30 million Euro (Rs 173 crore).
  • Please all Budget likely this year: BJP leader Yashwant Sinha said that the coming please- all Budget would further intensify economic challenge.
  • Bharti joins 5 global telco for US-Japan sub-sea cable: Bharti Airtel has joined hands with 5 international cos including internet giant Google to construct a new high-bandwidth, sub-sea cable system linking the US and Japan.
  • India’s troubled north-east: Economist Kaushik Basu travels to India’s north-east to find it has been left out of the economic boom..
  • Tax cuts will raise consumer demand: CEOs: Consumer demand is expected to receive a major thrust with the likelihood of Finance Minister P. Chidambaram scissoring income tax limits in the upcoming budget of 2008-09, a leading industry chamber said Wednesday after a survey of chief executives.
  • Nano research centres at 3 cities in India: Aiming to increase research in nanotechnology, the Centre will set up three national institutes in different parts of the country.
  • Tata to expand network services to China: Mumbai: Telecom firm Tata Communications Ltd (TCL) today said that it has formed a partnership.
  • Knowledge Service for business transformation: Infosys BPO is focusing on the depth of its Knowledge Process Outsourcing (KPO) services, says Joydeep Mukherjee, Vice President and Head of Knowledge Services, Infosys BPO, in an interview with Dow Jones. Mukherjee believes that Infosys BPO is an industry leader due to its knowledge-focus and investments in technology and manpower.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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