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By FDI magazine, a Financial Times group publication, Commerce and Industry Minister Kamal Nath, as Global FDI Personality of the Year 2007. To know more read on.

     Print Edition: August 12, 2007

Chosen: By FDI magazine, a Financial Times group publication, Commerce and Industry Minister Kamal Nath, as Global FDI Personality of the Year 2007. Brazilian President Luis Inacio Lula da Silva and Mexican President Vincente Fox have received this award earlier.

Bagged: By Swedish major Ericsson, a $2-billion contract from Bharti Airtel to design, deploy, optimise and manage Bharti's GSM cellular network in 15 circles and its intelligent network platform for pre-paid card users across 23 circles. The deal will allow Bharti Airtel to expand its reach into rural areas.

Kamal Nath

Announced: By Ernst & Young, the shifting of its tax compliance work from the UK to India. It plans to recruit 200 graduates in Bangalore over the next two years to perform the largely routine work of processing company tax returns. E&Y assured that the move would not result in redundancies in the UK.

Granted: By the Union government, clearance to the Tata Group to set up a private helipad atop luxury hotel Taj Wellington Mews in Mumbai. Trial landings were conducted in June. This will be the first helipad atop a private building in the country.

Reached: Between the United States and India, an agreement on nuclear cooperation. According to a joint statement issued by the two sides, the agreement will now be placed before the two governments for a final review. "Both the US and India look forward to the completion of these remaining steps and to the conclusion of this historic Initiative," it said, without divulging any details about the pact

Appointed: As Chairman of steel company Mukand, Niraj Bajaj. Rahul Bajaj, the outgoing Chairman of the company, said he was resigning due to paucity of time and to give an opportunity to the next generation. Rajesh Shah was appointed co-Chairman of Mukand. The Shahs hold close to 11 per cent in the company while the Bajaj family owns 35 per cent.

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