'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.
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.
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.
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.
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%.
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.
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.
"Natwar Singh will visit Pakistan at the invitation of the Pakistani government," Kasuri said at Haveli Lakha in Pakistan's Punjab province on Sunday.
"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.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
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.
Bajaj three-wheelers outsell Chinese three-wheelers in Peru. The Pulsar is number one in its category. Nikhil Lakshman discovers in Lima that even though the Chinese are far ahead in investments in Latin America's fastest growing economy, Indian manufacturing and IT are holding its own.
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.
In a sectoral analysis of exports, the Confederation of Indian Industries said India needs to become among the top three exporters in the world in four sectors -- textile, leather, gems and jewellery and engineering. It said exports to new markets of Latin America and Caribbean and Africa should be given a push for achieving the $500 billion by 2013.
Oil rich Venezuela, which has been lobbying for the non-permanent UN Security Council seat for a long time, distributing huge amounts of aid among African, Asian and Caribbean nations. But it is vehemently opposed by the United States.
From Latin America to West Bengal, it is Communism that binds. Venezuelan President Hugo Chavez has sent a cheque for Rs 11.91 lakh to construct a new building of a school in North 24 Parganas district in West Bengal. Chavez, a man of strong words and actions, promised during a visit to West Bengal in 2005.
The waves are usually triggered by seismic disturbances -- coastal earthquakes, volcanic eruptions or undersea landslides -- that jolt the ocean floor.
The world's biggest industrial conglomerate General Electric is undeterred by a slowdown in the US economy as the group expects any weakness in the home market to be offset by fast growing sales in countries like India and China. Unfazed by the weakness triggered by the subprime credit crisis, Immelt said: "outside the US, particularly in China and India, economies appear strong. In the world as a whole, there is still a lot of liquidity."
Owing to increased demand by Americans, the Gems and Jewellery Export Promotion Council expects a 35 per cent increase in jewellery exports to the US at $5.88 billion this fiscal.
TCS Vice-President (Business Development) Mario Tucci has been appointed as the country manager of the new unit which comprises a global delivery centre and regional training centre in Montevideo and an extension unit in Buenos Aires.
Wipro Technologies, the global IT services division of Wipro Limited, has been rated as a top leader among offshore service providers by industry analysts IDC in a comprehensive study of 21 offshore players around the world.
Though the global M&A volume has reached a whopping $3 trillion mark, it represents a decline of 22 per cent from its year ago period, as all regions except Latin America reported decreasing M&A volume, according to data compiled by deal tracking firm Dealogic.
