India Business

Prime Minister Narendra Modi met Facebook Chief Operating Officer Sheryl Sandberg yesterday. The goody goody reports are all over the papers today.

India’s new IT Minister Ravi Shankar Prasad spent a couple of hours listening to product startups and folks from ISPIRT yesterday. Here are the 3 key takeaways.

Under the Modified Special Incentive Subsidy Scheme (M-SIPS), Ahmedabad, Aurangabad, Ghaziabad, Gandhinagar, Nagpur, Nashik and Thane have been picked to set up greenfield factories.

The Odisha government in setting up the first Greenfield Electronic Manufacturing Cluster (EMC) in Info-valley, Bhubaneswar, under a central government scheme.

The Electronics payment market has stepped out of the shell over the last two years in India; pushed by the vision of the RBI to create a less-cash economy.

Reliance Industries is acquiring Network18 Media & Investments Limited for Rs 4,000 cr. Independent Media Trust, owned by Reliance, will acquire 78% in NW18 and 9% in TV18. This is easily one of the largest take overs in the Indian media business.

Indian software market grew 9.9% to $ 3.78 bn in CY 2013, according to the latest report by IDC.

Chennai exceeds all the metropolitan areas in terms for average spend in wedding photography and videography spending 22% over the national average of Rs 48,500.

The BJP government at the center is against Foreign Direct Investment in Multi-brand retail. Nirmala Sitharaman, the Industries minister appointed by the BJP said on Tuesday that the party is not in favor of opening up FDI in retail.

India’s ranking in ease of doing business just went down a few more points. This year, India ranked 134th, among some of the most backward nations, according to the latest Ease of Doing Business report by the World Bank.