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As a demonstration of his commitment to conquer the tax loopholes that support investment in overseas jobs, President Barack Obama has announced generous tax breaks for companies that provide jobs in the US.
A recent report released jointly by the Confederation of Indian Industry (CII) and KPMG, a global auditing firm, has said that private equity (PE) funds will be preferred for capital growth and India will gain PE investments amounting to around $10 billion by the end of the year.
Larsen and Toubro (L&T), the major engineering and construction company based in India, has tried up with Raytheon Company, headquartered in the United States and the world’s biggest manufacturer missiles, to bid for upgrading the T-72 tanks of the Indian Army.
India and Russia have signed an agreement on the civilian use of nuclear power, which is not restrictive like the ‘123 Deal’ with the United States.
New Delhi: In a major development, the French Parliament has unanimously adopted the civil nuclear agreement between India and France.
New Delhi: The information technology (IT) sector In India is to grow by 4%-7% this fiscal and is expected to attain a double-digit growth in the next fiscal starting from April 2010.
India and Saudi Arabia have jointly decided to issue multiple-entry visas to businessmen in an attempt to overcome regulatory obstacles that block the growth of two-way trade between the two countries.