| Leading information technology companies in India are | | | | Corporation, the India Infrastructure Finance Co Ltd |
| meanwhile increasing their presence in North America, | | | | (IIFCL), the World Bank and the Government of |
| in step with the improving business climate in the | | | | India, signing loan agreements for projects of a total |
| region. Top-tier information technology companies | | | | value of US$ 4.2 billion in the month of October 2009. |
| which are increasing their delivery capabilities in North | | | | In another fillip to the country's infrastructure that is |
| America, includeHCL Technologies which concluded | | | | certain to speed up infrastructure projects through |
| acquisition and expansion of its Parsippany, New | | | | the route of public-private partnership, the Asian |
| Jersey data centre. The North America region | | | | Development Bank (ADB) has decided to provide |
| currently accounts for 60 per cent of India's | | | | close to US$ 700 million in loans as part of the |
| information technology export basket. Information | | | | second India infrastructure project financing facility. |
| technology company, Cognizant, has similarly | | | | According to a study by Price waterhouse Coopers |
| announced the expansion of its US delivery centres in | | | | (PwC) and Urban Land Institute, India heads the top |
| Toronto and Phoenix (Arizona). | | | | real estate investment markets for the year 2010. |
| India's top-ranking status in the field of basic research | | | | The report, which is based on the views of over 270 |
| came in for mention at the India Eco Summit held | | | | international real estate professionals, revealed that |
| recently, where the panelists discussed whether, and | | | | India, particularly the Indian cities of Mumbai and Delhi |
| how, India could become an innovation hub in the | | | | were viewed as good destinations with residential |
| near future, given India's strengths in science and | | | | properties seen as more attractive sectors. ICICI |
| technology and research and development. The | | | | Bank, a leading private bank, has stated that it was |
| country made a significant stride in science and | | | | focussing on the home loans segment on the back of |
| technology with Indian researchers succeeding in | | | | a recovery in the real estate segment. HDFC, a top |
| sequencing the entire genome of a human being. The | | | | lender of home loans, has said that it expects loan |
| genome sequencing was undertaken by the Institute | | | | disbursals in the housing sector to remain strong in |
| of Genomics and Integrative Biology, part of the | | | | the current fiscal (FY 2010). HDFC Vice-Chairman and |
| Council of Scientific and Industrial Research (CSIR). In | | | | Managing Director, Keki Mistry, said, "Loan disbursals |
| another development that would have a bearing on | | | | (in the housing sector) remain very strong. We |
| innovative science and technology prospects for | | | | expect credit growth in excess of 20 per cent."HDFC |
| Indian companies-on the sidelines of the climate | | | | Bank, has for its own part, made news in the banking |
| change conference at Copenhagen, India's proposal | | | | system. HDFC Bank has been named the strongest |
| for a global network of innovation centres for | | | | bank in the Asia-Pacific region, in a survey conducted |
| climate-friendly technologies received wide consensus. | | | | by Asian Banker, which provides information for the |
| Leading manufacturers of automobiles in India, posted | | | | financial services industry. Other Indian banks that |
| record monthly sales for the month of November | | | | featured in the ranking include Punjab National Bank |
| 2009, even as car makers and two-wheeler | | | | (PNB) and Union Bank of India. |
| companies improved on their sales posted in earlier | | | | The healthcare sector in India is projected to grow |
| months. Two of the leading manufacturers of | | | | to US$ 77 billion mark by 2012, up 23 per cent from |
| automobiles in India, Maruti Suzuki and Hyundai Motor | | | | the current size, according to a recently released |
| India reported record monthly sales of 87,807 units | | | | study. The growth in the healthcare sector in India |
| and 55,265 units respectively for the month of | | | | would come on the back of growth in healthcare |
| November 2009. Major manufacturers of automobiles | | | | facilities in the public and private sector as well as |
| are seeing their India operations contribute | | | | growth in medical diagnostic and path labs, as well as |
| significantly to the company's global operations. For | | | | growth in the medical insurance sector. The Indian life |
| example, Hyundai's India subsidiary contributes | | | | insurance industry is on a high growth trajectory, |
| between 15 per cent and 20 per cent to the | | | | posting a double-digit growth figure of 35.7 per cent |
| company's global turnover. | | | | year-on-year in October 2009, on the back of high |
| India's infrastructure segment has received a boost | | | | inflows in premiums of the first year. |
| with representatives from the Power Grid | | | | |