NRI Worldwide > NRInterest
20 Indian companies on list of 100 global challengers
Report dated 16/01/2013 @ 3:17 PM
Reliance Industries, Infosys and Bharti Airtel are on the list of 20 Indian firms listed among the 100 global challengers report released by the Boston Consulting Group.
The BCG Global Challengers 2013 reported that these 100 companies from the emerging markets are outshining household names in the US and Europe and are having a profound impact on the global economy, reshaping their respective industries and outpacing established players from the West.
The 100 companies are from 17 countries including China, Brazil, Chile, Egypt and South Africa. The list has 30 companies from China, 20 from India, 13 from Brazil, 7 from Mexico, 6 from Russia and 5 from South Africa, all companies that have added 1.4 million jobs while employment at the non-financial S&P 500 constituents stayed flat.
Other companies from India are Tata Chemicals, Tata Consultancy Services, Tata Motors and Tata Steel as well as Bajaj Auto, Bharat Forge, Crompton Greaves, Dr Reddy's Laboratories, Godrej Consumer Products, Indalco Industries, Larsen & Toubro, Lupin, Mahindra & Mahindra, Motherson Sumi Systems, Sun Pharma, Vedanta and Wipro.
Study suggests Indians migrated to Australia 4000 years ago !
Report dated 16/01/2013 @ 3:16 PM
Researchers have found that DNA from Aboriginal Australians showed there had been some movement from India some 4000 years ago.
The National Academy of Sciences say fossil records suggest dingos, the wild dogs specific to Australia, arrived in the country at around the same time. Indians may also have brought stone tools called microliths to their new adopted country.
To study the early origins of Australia's population a team from the Max Planck Institute for Evolutionary Anthropology in Leipzig, Germany, compared genetic material from Aboriginal Australians with DNA from people in New Guinea, South East Asia and India. They found a genetic association with New Guineans that dates to some 40,000 year ago, and they also found a substantial amount of gene flow between India and Australia.
The genetic data could not establish the route the Indians took to reach the continent but Australia was not as cut off as had been assumed. Researchers say it is possible Indian ancestry came to Australia indirectly, through south-east Asian populations who had trade links with northern Australia and Indonesia.
The findings are published in the 'Proceedings of the National Academy of Sciences' journal.
Swedish NRI judge swindled by bank officials in Delhi
Report dated 16/01/2013 @ 3:13 PM
An Indian origin Swedish judge has filed a complaint with police saying the 'officials' of a leading bank in Defence Colony, Delhi, cheated him by promising to invest his money in investment schemes only to dupe him of his savings.
The judge who has been living in Sweden for over 24 years said he went to the bank at Defence Colony to activate an old account opened at the bank's Chandigarh branch as he was interested in buying a flat in Delhi and wanted a flexible investment for the purpose.
Police have now registered an FIR and are investigating a case of forgery.
“NRIs crucial for India's economic recovery”
Report dated 16/01/2013 @ 3:12 PM
Speaking on the sidelines of the 11th Pravasi Bharatiya Divas in Kochi, Union minister for commerce and industry Anand Sharma commented that it is crucial that NRIs take part in India’s recovery from the economic downturn, as NRIs are capable of helping the country out of situations that affected the world, such as the Eurozone crisis that has affected India, China and Brazil as well as the US.
Minister Sharma said NRI remittances in 2012 helped to address the current account deficit and India's potential is open to NRIs not just for expertise but also investments. NRIs are already making notable contributions in the countries in which they reside.
Health Ministry to amend law to let NRI doctors practice in India
Report dated 15/01/2013 @ 6:28 PM
The Health Ministry rejected the proposal to enact the National Commission for Human Resources in Health (NCHRH) Bill, and is now planning to amend the Medical Council of India (MCI) Act to permit overseas Indian doctors to practice in India. A provision to include Overseas Citizens of India (OCI) card holders was part of the NCHRM proposal that the parliamentary standing committee on health and family welfare turned down.
Ministry sources say the amendments will soon be sent to the Cabinet for its approval so it can be tabled in the Budget session.
Currently only medical postgraduates from the USA, UK, Canada, New Zealand and Australia are exempted from appearing for the foreign medical graduates screening test. Indian Medical Association president Dr D R Rai said a move to allow OCI doctors in India is possible only with countries with whom India has a reciprocity arrangement.