Newsmakers: Hope PM's 'Make in India' attracts investments, says Tata and more

Hope PM's Make in India attracts investments, says Tata: Former Tata Group Chairman Ratan Tata hoped Prime Minister Narendra Modi succeeds in bringing investment to India as the nation needs a refreshment of new manufacturing companies which would be a real shot in the arm in terms of supply-chain and research.

IT exports to log slower growth in FY17: Export growth in the country's IT-BPO sector is expected to be slower at 10-12 per cent next fiscal hit by currency fluctuations, especially the weakening of the rupee against the US dollar, Nasscom said. The industry is looking at 12.3 per cent growth in the 2015-16 fiscal, ending on March 31. Last year, the IT services and software industry body had forecast a growth of 12-14 per cent in exports.

MNCs too responsible for tax rows, says Rajan: Blaming multinational corporations squarely for tax controversies, Reserve Bank Governor Raghuram Rajan said their indulgence in avoidance and evasion results in prolonged legal battles. Addressing the issue of tax havens, Rajan wondered aloud as to what makes a bulk of intellectual property reside in Cayman Islands, quipping that no one has seen scientists in so large numbers in the Caribbean isles.

Adani Power to build $2 bn plant in Jharkhand: Adani Power will soon sign a deal to set up a $2.2 billion coal-based power plant in Jharkhand, two people with knowledge of the matter said, as its controlling shareholder aims to nearly double capacity this decade.

India to greet foreign tourists with free local SIM: International visitors to India availing the electronic Tourist Visa facility would soon get SIM cards on their arrival in the country. The move is not only aimed at attracting more foreign tourists to make India a global holiday destination but also to address security concerns.