Any Indian government at this juncture would have voted and spoken exactly this way. It isn't just about the vast Indian dependence on Russian-origin military equipment. It is also about trust, asserts Shekhar Gupta.
Top United Nations experts on Latin America and the Caribbean have warned that global economic shocks could throw some 16 million people of the Americas into extreme poverty, threatening important gains toward achieving the Millennium Development Goals in the region.
India's carpet export rose by 22 per cent to $3.60 million (about 17 crore) in June year-on-year on account of good orders from the US and Europe.
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.
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.
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%.
The research firm expects global smartphone shipments to surpass a billion units this calendar year and 1.7 billion by 2017 aided by steady decline in average selling prices and emerging markets, including Asia Pacific, Latin America, and Middle East and Africa contributing in volumes.
The company's revenue rose by 11.7 per cent to Rs 27,364 crore.
Caisse manages nearly $155 billion of pension and insurance funds in Canada and North America while Ivanhoe has 70 shopping centres in Canada, the US, Europe and Latin America, totalling 46 million sq ft.
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.
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.
"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.
The move will result in around 25 per cent reduction in overseas shipments from the company's Chennai plant this year at 190,000 units compared to 253,000 units last year.
First Secretary Sneha Dubey gave a blistering retort to Khan in the UN General Assembly as she delivered India's strong Right of Reply from the UNGA hall, carrying on with a tradition seen over the past few years of young Indian diplomats taking on Pakistani leaders and strongly responding to their rants over Kashmir and other internal matters of India.
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.
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.
In India, Danone holds a 25.5 per cent stake in market leader Britannia Industries through holding company Associated Biscuits International Holdings.
The Delta flight DL 185 will leave Mumbai at 1.05 am and reach Atlanta at 8.30 am (the next day) while the flight DL 184 will depart Atlanta at 7.15 pm and arrive in Mumbai at 10.35 pm (the next day). It would be a 17-hour, 55-minute non-stop West-bound flight.
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.
For instance, Tata Consultancy Services recently won a $200 million deal in Mexico, Wipro announced the opening of a development centre in Australia, and Infosys announced the setting up of 'The New Growth Engines' business unit in Latin America.
Till recently considered a niche area, organic foods and drinks have come a long way.
Federico Valverde has already made over 100 appearances at senior level - while winning silverware and recognition both with his current side Madrid and country Uruguay, and showing the physical, technical and mental attributes to become one of world football's outstanding midfielders.
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.
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."
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.
As part of its Latin American expansion plans, IT major Tata Consultancy Services has set up another global delivery centre in Uruguay and will will house over 250 personnel.
Tata Consultancy Services, the country's biggest software exporter, on Monday said it is eyeing up to 150 deals ranging from $5 million to $200 million in the financial solutions space over the next 12-18 months.
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.
'The expansion of the Security Council should be seen in the context of overall reforms of the United Nations, which would make it more effective and efficient and give strong legitimacy to its decisions.'
The victory by the governing center-left coalition kept Chile in pace with a steady leftward trend in Latin America.
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