Even as the domestic pharmaceutical industry is exploring new markets in Latin America and the Commonwealth of Independent States, exports to countries in Africa are declining.
Imports, however, were higher at $350.69 billion, despite growing at a lower pace of 21.6 per cent amid increasing crude oil prices.
Copa America kicks off in Chile on Thursday as a widening US-led investigation lifts the lid on rampant corruption among the sport's top officials.
Jaishankar, who met Guterres at the UN headquarters in New York, also discussed other issues, including India's presidency of the G20 and the Ukraine conflict, with the UN chief.
External Affairs Minister S M Krishna on Saturday embarked on a four-day visit to Iran during which its controversial nuclear energy programme and the proposed IPI gas pipeline project are expected to figure prominently in the bilateral talks.
To counter demand contraction in key markets like the US and Europe, Indian textile exporters are exploring alternative markets like Japan, South Africa and Latin America. At present, only 4 per cent of India's textile exports go to these markets.
Pope Benedict XVI failed to mention the child sex abuse scandal, which rocked the Roman Catholic Church, in his traditional Easter message in Rome.
Notwithstanding the uncertainty over the Indo-US Nuclear deal in the face of Left opposition, the IBSA summit will provide a useful opportunity to Dr Singh to garner the support of Brazil and South Africa, influential members of the 45-nation Nuclear Suppliers Group, for global civil nuclear cooperation.
China has 'violated the sovereignty' of not just the United States but of countries across five continents, Secretary of State Antony Blinken alleged Wednesday, days after US fighter jets shot down a Chinese surveillance balloon.
Other regions where the New York Stock Exchange-listed firm is targeting to expand its presence include China and Latin America. In an investor presentation, it said that as part of measures to cut costs in "corporate and other overhead, the company has slashed its headcount by 14 per cent," in addition to which finance, HR and IT staffing have also been reduced.
India on Monday set aside over Rs 7,100 crore in its budget for 2021-22 as development assistance for countries in its neighbourhood as well as in Africa and Latin America, with Bhutan getting the maximum allocation of Rs 3,004 crore while Rs 100 crore will be given to Chabahar port project in Iran.
China is using its growing trade power to enhance its global influence, especially in Africa, Latin America and Asia, where it is perceived as an all-weather friend. Since opening up its economy in 1978, China's foreign trade has been growing by leaps and bounds.
Exports of 'Made-in-India' vehicles have touched Rs 2,928 crore (Rs 29.28 billion) during April-October 2003 after growing by 32.4 per cent in value terms during 2002-03 to Rs 3,396 crore (Rs 33.96 billion).
State-run Oil India Ltd, which got listed on the bourses on Wednesday, is looking at acquisition of assets or companies in Australia, South-East Asia, Africa, Russia and Latin America.
'The role played by the Indian expatriate community in the US acted as the lever for the change of perception about India,' says Foreign Secretary Shashank.
A new agreement has been clinched with pharmaceutical firms to substantially decrease the cost of treating AIDS in 66 countries in Asia, Latin America, Africa and the Caribbean, former US President Bill Clinton has announced.
Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based 'opaque' investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project (OCCRP) alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to $150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani group has denied all allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.
After its successful run in Latin America and some African countries, the US-based non-profit organisation 'One laptop per Child' has launched the programme in India to equip students with specially designed laptap at subsidised rate for better learning. The laptops are unbreakable and water-proof which will make them easy to handle without any risk.
Videcocon Industries plans a major consumer electronics retail foray across West Asia, Europe, Africa and Latin America under the brand name "VC" to raise global revenue shares from the current 2 per cent to 50 per cent by 2011.
Venezuelan Prez Hugo Chavez promised to give India more oilfields in its heavy-oil belt, as he seeks to tap the world's second fastest growing economy to diversify energy trade beyond US. He intends to supply 1 mn barrels per day of oil to India in the near future. The Junin area is believed to hold some 500 bn barrels of in place oil reserves, of which Junin Norte may have about 7-8 bn barrels. OVL is expected to be given preference in the development and production phase.
Three persons, including an NRI from Canada, were being checked on Monday for suspected H1N1 flu after they complained of fever and other symptoms even as people were screened at airports across the country for the deadly virus that has hit the US, Europe and Latin America.
The emerging markets strategic business unit of the country's largest IT services provider Tata Consultancy Services aims to touch the revenues of $2 billion by 2011-2012. The SBU targets regions such as Eastern Europe, West Asia, South Africa and Latin America. The company is also planning to have strategic development centres that will cater to these regions, beginning with Egypt & Russia. Emerging Markets offer great opportunity for TCS as IT sector there is growing at 8%.
Prime Minister Manmohan Singh on Thursday partly blamed International Monetary Fund for the current global economic crisis.
While prices of hotel rooms could further drop this year as, "The year 2010 promises to be another great year for travellers," according to a report by Hotels.com, provider of hotel accommodation worldwide.
"A rising rupee is a good time to go and acquire companies abroad," Godrej Group Chairman Adi Godrej said at the India Economic Summit in New Delhi on Monday.
This is the message of the latest Human Development report, 2007-2008, which was released on Tuesday by Planning Commission Deputy Chairman Montek Singh Ahluwalia in New Delhi. The global release was in Brazil.
"Natwar Singh will visit Pakistan at the invitation of the Pakistani government," Kasuri said at Haveli Lakha in Pakistan's Punjab province on Sunday.
In India, Danone holds a 25.5 per cent stake in market leader Britannia Industries through holding company Associated Biscuits International Holdings.
The victory by the governing center-left coalition kept Chile in pace with a steady leftward trend in Latin America.
Speculations are rife in the local media about MTN's next move after the failure of talks with two Indian entities RCOM and Bharti Airtel for a possible merger, with some saying that the South African telecom major might now target other telecom operators from India.
India set to become hub for clinical trials
The latest company to seek a fortune in India's rural markets is Google. It is developing with local vendors a simpler search engine, as well as content tailored to the needs of rural users.
Patil arrived in the Chilean capital Santiago from Mexico Sunday night. The two nations would be inking four projects which also include an agreement on science and technology and increasing cooperation on Antarctica.
After her inaugural speech at the reception hosted in her honour, the organisers of the function, possibly surprised at an early end of the meeting, asked all those who had gathered to line up for a photo op with Patil.In no time, the entire hall at a five-star hotel saw people queuing up for the photo-op, taking her security personnel by surprise. After nearly 30 minutes, the organisers, unable to cope up with the rush, decided to end the impromptu event.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances