Enhancing its product portfolio in the Latin American market, homegrown auto major Mahindra & Mahindra launched its sports utility vehicle Scorpio SUV in Chile.The Scorpio, M&M's second product to be launched in Chile after the Mahindra Pik Up Double Cab, has been introduced in the country in partnership with Fortaleza of the Automotores Gildemeister Group.
"I met a warm person and a close friend. I availed of the opportunity to compliment Bachelet on the distinction of being the first executive woman President of this great country. Her commitment to democracy and social justice stands out. I have conveyed an invitation for her to visit India and I am very pleased that she has accepted," a smiling Patil said after meeting the socialist leader on Monday.
Soon after paying her tributes, the President posed for photographs with children and gladly interacted with media persons.
Suzlon Energy has bagged an order from Spain for supplying 42.5 MW wind turbines.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
"There was no breach of protocol. I had a valid visa and I visited a university in the US purely for academic purpose only from the point of view of knowing about their educational facilities," he said. "I did not do any business, no agreements were signed, no contracts were sealed. I went there as I was interested in observing their classrooms, laboratories and learning about their syllabus as I am associated with several educational institutes," Shekhawat told PTI.
Sensing great opportunities in the blooming $80 billion global flower market, Indian companies involved in growing and exporting roses have gone on the fast track to acquire farms in African and Latin American countries.
With an eye on increasing south-south cooperation, President Pratibha Patil ended her maiden visit to Latin American countries during which nine agreements were signed with Chile, Brazil and Mexico and a special emphasis was laid on increasing the connectivity. The visit of 73-year-old Patil was also used to muster support for India's candidature for the permanent membership to the United Nations Security Council.
President Pratibha Patil walked into a near empty Brazilian Senate for her address, leaving Indian Embassy officials and the hosts red-faced. Only 15 of the 81-member House turned out on Tuesday to greet 73-year-old Patil. A senior Brazilian government official said it was not unusual for sparse attendance during special sessions since only leaders of political parties are invited.
Panacea Biotec is planning to launch its organ transplantation drugs to Latin American and South East Asian markets.
Taking a dig at Europe, Brazil Thursday suggested the European Union to outsource all their calculations to India's computers and mathematicians as it dismissed the allegation that the two countries were fooling everyone on reducing tariffs.
India's apex sugar cooperative, the National Federation of Cooperative Sugar Factories (NFCSF), has asked farmers to grow sugar canes with high sugar content.
The government has notified a list of 57 countries in Africa and South America that would get duty benefits under the Focus Market scheme, announced in the Foreign Trade Policy early this year, to boost exports.
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.
Brazil may overtake India in the global steel space if Latin American firm CSN manages to acquire Corus - a development that could dash Tata Steel's chances of becoming the world's fifth largest steelmaker.
The World Bank's executive board unanimously selected 63-year-old Malpass, who is currently Under Secretary of Treasury for International Affairs, as the bank's 13th President for a five-year term beginning April 9.
S Ramadorai, chief executive officer and managing director, Tata Consultancy Services does not anticipate a slowdown in the IT sector. He sees the business momentum continuing.
Brazilian steel maker CSN might have lost the bidding war for Corus to India's Tata Steel but it still stands to gain over $520 million on the virtue of its failure only.
Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.
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Elections for the five non-permanent members of the 15-nation Council for the 2021-22 term will be held around June next year.
Both India and Chile discussed a wide range of issues of mutual interest, which included bilateral matters like trade, scientific cooperation and Free Trade Agreement.
The Chinese company, Taian Chiran Machinery Company Ltd, had been reportedly marketing a copy of top selling Pulsar in different Latin American markets under Gulsar brand.
Football fans worldwide back points deductions for racism at matches
Steel major Jindal Steel and Power Ltd on Friday said it would invest $2.1 billion (about Rs 9,500 crore) to set up new steel plants in Bolivia for which it has reached an agreement with the Latin American nation.
Varin was unlikely to stay if CSN wins, while he would hold onto his position if Tata manages to acquire the company.
India on Monday hoped Argentina would soon scrap the existing ban on its finished pharmaceutical products and increase trade between the two countries.
The president also said one of his daughters has been given a shot of the COVID-19 vaccination. "One of my daughters got vaccinated. In fact, she took part in an experiment. After the first vaccination, she had a [body] temperature of 38 degrees [Celcius, 100 degrees Fahrenheit], the next day slightly higher than 37 [degrees], that's all," he said.
The United States will take on Chile in the Davis Cup quarter-final on grass courts.
India's largest IT company Tata Consultancy Services will consider acquisitions in Europe and plans to increase headcount at its Latin American and Chinese operations to 1,000.
The Cuban men's volleyball team will compete in the Rio Olympics despite the detention of six of its players in Finland over a suspected aggravated rape, an official at the National Sports Institute (INDER) said, according to website Cubadebate and other state-run news outlets on Wednesday.
The World Trade Organisation agreed on Monday to an Indian demand for a probe into special trade deals granted by the European Union to countries fighting drug trafficking.
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