A British clean energy technology company has announced plans to supply energy-management services across more than 27,400 telecom towers in India.
 
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New Zealand has emerged as another country keen to invest in the Clean India project.

It has offered innovative assistance and advanced technologies in promoting the growth of the country's renewable energy sector.

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Demands that Reserve Bank of India Governor Raghuram Rajan cut interest rates by up to 1 percentage point grew louder as both the inflation rate wholesale and retail inflation rates fell to new lows. 

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Some of India's leading biotech and life sciences firms are exploring tie-ups to tap the vast potential within the sector in the UK.

Representatives from firms such as CyberLiver, Phyto Biotech and AzaTrius held meetings with more than 150 UK businesses, organisations and potential partners such as Bupa, InterMune - a biotech firm recently acquired by Roche, NHS trusts and Oxford University.

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Indian information technology firms are increasingly working on enhancing their automated delivery models with the use of robotics.

All the key players - Infosys, Tata Consultancy Services (TCS) and Wipro - have been investing in new, high-end technology that will eventually make robots commonplace within the software industry. 

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Ratan Tata is one of India's best known industrialists who, during his tenure as Chairman of the Tata Group conglomerate, has been the architect of some of its most high-profile acquisitions. His biggest bet was on British luxury car brands Jaguar Land Rover (JLR), which he acquired from Ford in 2008 as a loss-making enterprise to help it race ahead under the Tata banner.

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The Budget session of Parliament, which will deliberate on, among other things, three important reforms legislations - on insurance, coal mines and land acquisition - got underway on Monday with no clarity on whether the government would be able to persuade the opposition to support the bills.

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This will come as further reassurance to global and domestic investors that the Narendra Modi government is walking the talk on making it easier to do business in India.

Highly placed sources in the Ministry of Finance have told India Inc that the government is seriously considering deferring the General Anti-avoidance Rules (GAAR), which has been hanging like a millstone around the neck of companies. The mandarins in the ministry are also burning the midnight oil to try and find a solution to the vexed issue of retrospective taxes, which has done more to vitiate the business atmosphere in India than any other measure.

Finance Minister Arun Jaitley is expected to announce the deferment of GAAR and a solution to the retrospective tax issue in his Budget speech on February 28.

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Indian external affairs minister Sushma Swaraj has struck a note of equitable give and take during her visit to Beijing.

"We will make it easier for Chinese companies to do business in India and expect that similar encouragement would be given to our companies to expand their business in China," was her clear message to the neighbouring giant economy.

She also spelt out an agenda to work with China to realise the dream of an "Asian Century". 

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German automotive major Volkswagen began assembling engines at a new plant built within its existing facility at Chakan in Maharashtra.

A new engine testing facility has also been set up at the factory near Pune, which marks an investment of around €30 million and also incorporates an engine testing facility. This takes VW's total investment in India to €710 million.

The new plant, inaugurated by Maharashtra chief minister Devendra Fadnavis, has a capacity to build 98,000 engines per year in three-shift operations.

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