Links for 26/3/07

Indian fashion industry is still very young, says Ritu Kumar
Monsters and Critics
Fashion doyen Ritu Kumar, who is overjoyed with the growth of the country's
fashion industry, says that the gap between the European fashion industry
and the Indian fashion industry cannot be bridged fast.

Caledonia Investment buys 19.67 per cent in Indian broker for 330 million
rupees
Hemscott
Caledonia Investments has picked up a 19.67 pct stake in Gujarat-based
brokerage Marwadi Shares and Finance for 330 mln rupees, reported the
Financial Express.

India's go-ahead for Singapore banks expected by July
Monsters and Critics
Final approval from Indian regulators is expected to be granted by July 1
for Singapore banks to expand in India, a senior official said in published
remarks Monday.

British Gas' Indian JV to invest 12 bln rupees in 5 yrs to expand reach
ABC Money
British Gas' joint venture with GAIL India and the Maharashtra government,
Mahanagar Gas Ltd, plans to invest 12 bln rupees over the next five years to
expand its reach, the Business Standard reported.

New listing taps Indian private equity
Financial Times
Evolvence India Holdings has listed on London's Alternative Investment
Market, raising $65 million in new funds for a vehicle that offers retail
investors access to the Indian private equity market.

AMD and Intel slog it out in India
The Register
Two simultaneous large scale ad campaigns are raging in the subcontinent,
with Lenovo majoring on AMD microprocessors while HP is happy to run the
Intel Inside anthem on its TV adverts.

Norwich Union's Indian disaster
This is Money
Norwich Union has unearthed massive shortcomings in its Indian call centres,
including failure to follow City watchdog rules and exposing customers to
potential fraud.

HTIL's indirect stake in Hutch-Essar breaches FDI rules, says RBI
ABC Money
Hutchison Telecom's (HTIL) indirect 12.26 pct stake in Hutch-Essar may have
breached the telecom sector's foreign investment guidelines, according to
the Reserve Bank of India (RBI), India's Economic Times reported.