July 2016

Hindi. Varanasi. Norwegians. What's the sambandh?

India's role in the world is growing again. And so is the international interest in learning the world's third largest language - Hindi. Norway is no exception to the trend. But what is the Norway-Hindi sambandh all about?

Sovereign wealth funds’ India holdings at a record high

Sovereign wealth funds held Rs2.18 trillion in Indian equities and Rs330.16 billion worth of Indian debt in May. The three biggest oil-driven SWFs which show up include the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Norway’s Government Pension Fund – Global.

Norway Guinness World Record: Tallest Bonfire

Alesund, Norway – July 7, 2016 – Norwegians have set a new record for the world’s tallest bonfire; this year, it was measured by laser at 47.4 metres (155 ft), setting a new world record for the Tallest bonfire.

India ranks LAST in global retirement index

Working in India is still okay, but if you can, plan your retirement somewhere outside India, because the country has been ranked last in the Natixis Global AssManagement's fourth annual Global Retirement Index (GRI). Talking of the top rankers, Switzerland, Norway and Iceland are among the top three countries where retirees have the best life.

Sovereign funds take a liking to Indian IPOs; invested in 30% of IPOs in past 18 months

Prominent SWFs such as Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Government Pension Fund Global (GPFG) of Norway and Monetary Authority of Singapore (MAS) invested in about 30% of the initial public offerings (IPOs) in the past 18 months.

Norway is building the world’s first ‘floating’ underwater tunnels

Norway has an ambitious plan to ease the congestion of local ferries by building a series of underwater tunnels that allow travelers to cross the nations bodies of water.

Tourism

It Looks Like A Rollercoaster, But When You Know The Reality Your Mind Will Blow Away!

There is one road which is so stunningly beautiful and yet shockingly dangerous that the very thought of driving on it will send a shiver down your spine. Yes, the very location and backdrop of this road are so scary that you will think twice before taking off for a drive. It is the Atlantic Ocean road in Norway.

Business

Spices company MTR seeks government approval for single-brand retail

MTR Foods, a subsidiary of the $4-billion Norwegian conglomerate Orkla, has sought government approval to start single-brand retail trading in India. MTR, a 92-year-old spices and ready-to-eat vegetarian food company based in Bengaluru, is ramping up its manufacturing capacity in India to 72,000 tonnes by 2020 with an investment of Rs 200 crore.

Google makes another renewable-energy deal

Google has bought the entire 12-year power production from a yet-to-be-built Norwegian wind power farm to supply its European data centres with renewable energy, its developers said on Thursday.

Opera browser acquired by Chinese consortium for $600 million

OSLO: A Chinese consortium has bought the Opera internet browser for $600 million (543 million euros), its Norwegian developer said Monday, after a public share offer for the company failed.

Telenor says won't participate in spectrum sale, signals India exit

Telenor has decided against participating in the upcoming spectrum sale in India, signalling the Norwegian mobile phone operator's clear intent of exiting a market where it has been making losses and has struggled to expand operations.

BRIEF-Telenor aims to find solution for India business "as soon as possible" –CEO

Norway's Telenor aims to find a long-term solution for its India business "as soon as possible", chief executive Sigve Brekke told Reuters on Tuesday.

Telenor names Anil Kumar to lead UP-West circle

Norway-based Telenor Group’s Indian telecom arm Telenor India has announced the appointment of Anil Kumar as the Circle Business Head (CBH) of UP-West. He has been associated with Telenor since 2009 in various roles at Circle and Corporate Office and was instrumental in setting up Telenor operations in India.

Innovation Norway organises workshop on corporate social responsibility in Mumbai

Innovation Norway in India in collaboration with the Embassy of Norway in New Delhi, the Consulate General in Mumbai and the Norwegian Business Association, India (NBAI) recently organised a half-day-long Corporate Social Responsibility (CSR) workshop alongside NBAI's Annual General Meeting in Mumbai.

Culture

It was easy to understand what Appa’s vision was

Shruti Haasan is literally living out of a suitcase... what with the actress travelling back and forth to and from Chennai. While she just got back from Los Angeles after shooting for Sabaash Naidu, she will now be heading to Norway to shoot for her portions in the Telugu remake of Premam.

Exploring India’s megalithic culture, a riddle set in stone

What is the most strikingly common feature of prehistoric cultures, from the icy fjords of Norway to the tropical plains of Tamil Nadu? All of them, seemingly independently, struck upon the idea of erecting massive stone structures during the same era in history.

Health

Exercise may cut gestational diabetes risk in obese women

"It's important to reduce obesity-related pregnancy complications because they can have long-term consequences for both the mother and her child," said lead researcher Trine Moholdt from the Norwegian University of Science and Technology (NTNU) in Trondheim, Norway.

Sports

Gurpreet Sandhu’s unlikely journey from Chandigarh to Norway