Despite high inflation and interest rates, number of Indians wanting to buy expensive products within the same category, called trading up in retail parlance, is among the highest in the world, says a new study.
With BRIC nations -- Brazil, Russia, India, China and South Africa, calling for ceasefire in Libya, a top Pentagon official on Wednesday said that the onus for this lies with the Gaddafi forces, which needs to pull back its troops from cities and stop attacking civilians.
'He is the man,' US President Barack Obama had said at a G-20 gathering, enhancing Lula's stature. Six years later, has Brazil's impressive economic growth turned to sand? Will a President, who enjoyed an 80 per cent approval rate in his country, be arrested? Ambassador B S Prakash, India's former envoy to Brazil, explains what has gone wrong in one of India's BRICS partner nations.
In a series of tweets -- in Russian and then in English -- on the eve of his visit to Russia, Modi said he looked forward to his meeting with Putin.
Setting up Chinese Industrial Parks in India, increased access to Indian products to bridge the ballooning trade deficit besides border issues was expected to figure in Prime Minister Narendra Modi's first meeting with Chinese President Xi Jinping on the sidelines of the BRICS summit.
has been discussed at the highest level when the Prime Minister met Chinese President in Hanoi in October last.
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
Barring a few, most of the B-schools end up as mere fillers for aspiring students, says Ramesh Kailasam. India needs to have more focused B-schools which are qualitative and practical oriented to churn out students ready to take on the challenge to steer India Inc. and the nation forward.
A lot of people talk about India rising," Barack Obama declared in November when in Mumbai. "But, in our view, India has already risen."
Jayalalithaa termed the ruling DMK in Tamil Nadu as a corrupt party, pointing out that the CBI was carrying out raids on the residences and offices of people close to the party's leadership. "The 2G spectrum scam, which has caused a loss of one lakh eighty thousand crores, has been the largest scam in the history of the world .The DMK has always been a corrupt party and this scam has revealed the heights which the DMK leadership can reach in corruption," she said.
'Washington senses that the anchor sheet of India's strategic autonomy lies in its longstanding partnership with Russia, which remains firm and immutable despite the changes in world politics in the post-Cold War era,' notes Ambassador M K Bhadrakumar.<
The two leaders, who will be present in Ufa to attend the SCO summit, will be meeting on the sidelines of it.
On the agenda during the session will be getting the Land Acquisition Bill, GST and other important bills passed.
Flying ash from Iceland's erupting volcano has forced Prime Minister Manmohan Singh's special aircraft to change its planned route and now he will return to home via Johannesburg in South Africa.
The Indian Institute of Science, Bangalore and Indian Institute of Technology, Bombay were ranked among the Top 40 as per Times Higher Education BRICS and Emerging Economies Rankings 2015.
India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore.
'Modi's finest political legacy ought to be a border settlement with Beijing,' asserts Ambassador M K Bhadrakumar.
Prime Minister Narendra Modi on Thursday spoke to German Chancellor Angela Merkel, who extended a standing invitation to him to visit Germany for an official bilateral engagement.
'The virus of trust deficit seems to be taking a toll of the friendship built over the years by succeeding leaderships of the two countries,' notes Rup Narayan Das.
There will not be any meeting between Prime Minister Narendra Modi and German Chancellor Angela Merkel, who is travelling to Brazil to watch her team play in FIFA World Cup final, during Modi's transit halt in Germany on July 13 en route to Brazil for the BRICS Summit.
China reiterated that no meaningful dialogue can be held with India until it "unconditionally" withdraws troops from the disputed Doklam area and said Foreign Minister Wang Yi has authoritatively made Beijing's position clear on the issue.
Electricity consumption in India, currently at some 600 Tera Watt hour (TWh) annually, is set to double by next decade, surpassing the Russian levels in the process.
"I have to admit, I have not been briefed on those comments. What I can say in general is that we have encouraged India and Pakistan to look for ways to resolve peacefully their deeply-held differences on a range of issues," White House Press Secretary Josh Earnest said.
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances