| Pakistan and India to discuss terrorism | | Posted Tuesday, November 14, 2006 11:09:08 PM by Blog57 Team | | Top diplomats from India and Pakistan began talks for the first time in nearly a year in a bid to revive a peace process that was halted by deadly train bombings in Mumbai in July. The nuclear-armed neighbors are expected to set up a system to combat terrorism during two-day talks here. "The primary focus will be on the joint mechanism on terrorism," a top Indian Foreign Ministry official said. "Let's see how Pakistan responds. We hope to be able to set up the joint mechanism, discuss its mandate, its composition and see how it goes," said the official, who declined to be named. The meetings come a few months after Indian and Pakistani leaders agreed to resume negotiations after meeting on the sidelines of a Non- Aligned Movement summit meeting in September.... | |
| |
| | | Rest of Asia ready to grab BPO jobs from India, RP--study | | Posted Sunday, November 05, 2006 11:12:41 AM by Blog57 Team | | THE PHILIPPINES and India have to boost their overall competitiveness, as Asian countries gear up to get their share of the global offshore outsourcing pie, a recent global study showed. These top two outsourcing destinations will eventually compete with China, and other Asia Pacific countries that have similarly positioned themselves as outsourcing destinations, the latest Offshore City Competitiveness Report of market research firm neoIT showed. The study noted that companies have "moved beyond India" and the Philippines into not so well-known cities in the world since companies want to create a "global footprint." China and Eastern European countries are starting to attract offshore outsourcing deals because of specific language skills required.... | |
| |
| | | India makes first arrest in textile town blast | | Posted Monday, October 30, 2006 1:22:24 PM by Blog57 Team | | MUMBAI, Oct 30 (Reuters) - A Muslim man has been arrested on charges of planting one of three bombs that killed 32 people in a western Indian town last month, police said on Monday. The arrest is the first made in connection with the Sept. 8 attacks in the textile town of Malegaon where the bombs went off around a crowded mosque during Friday prayers. "We arrested one person a few days ago," P.S. Pasricha, police chief of the western state of Maharashtra, where Malegaon is located, told Reuters. Police said the arrest had been kept secret for the sake of investigations. "The arrested man is accused of planting one of the bombs," Pasricha said, adding they hoped to make more arrests on the basis of information provided by him. Malegaon, a Muslim-majority town, is 260 km (160 miles) northeast of Mumbai, India's financial and entertainment hub where Islamist terrorists bombed the city's packed rail network in July, killing 186 people.... | |
| |
| | | India Mahindra Q2 net jumps, shares soar to record | | Posted Thursday, October 26, 2006 7:04:47 PM by Blog57 Team | | MUMBAI, Oct 26 (Reuters) - India's biggest utility vehicle and tractor maker, Mahindra & Mahindra Ltd. , said on Thursday second quarter net profit jumped 146 percent as exports and tractor sales rose, sending its shares to a record high. "The company expects to maintain a healthy market performance in the second half of the year," Mahindra said in a statement. Tractor sales grew 27.5 percent from a year earlier in the domestic market and exports rose 64 percent, while local sales of utility vehicles grew an annual 11 percent, led by a 20 percent rise in sales of Scorpio, its top-selling model. Operating margins, a key measure of profitability, rose to 13.44 percent from 11.39 percent a year earlier. "These are excellent numbers, on the back of high value tractor and utility vehicle sales," said Ramnath Subramaniam, Vice President (Research) at SSKI Securities.... | |
| |
| | | U.S. and Argentine soybean farmers partner to build soy demand in India | | Posted Wednesday, October 18, 2006 7:03:23 AM by Blog57 Team | | U.S. soybean farmers are partnering with Argentine soybean farmers to promote global demand for soybeans in India. U.S. soybean farmer-leaders recently met with Argentine farmers to discuss how they could work together to increase market potential and improve soybean farmer profitability by removing trade barriers and improving market access. The farmer-leaders signed a Global Grower Development Agreement between the United States Soybean Export Council (USSEC) and the Argentinean Soybean Chain Association (ACSOJA). Farmer-leaders from the United Soybean Board (USB) and American Soybean Association (ASA) were on hand to endorse the agreement. The agreement will focus on removing barriers to trade to India, and the two countries will work on reverse marketing in India, allowing that country to consume more of its own soybeans and soybean meal.... | |
| |
| | | India to empower Africa through technology and skills training | | Posted Monday, October 09, 2006 11:06:10 AM by Blog57 Team | | New Delhi, Oct 9 (IANS) India Monday sought to impart a new dimension to its growing ties with Africa as it offered to share suitable technologies and skills for the development of that continent. 'India is ready to join hands with Africa in its efforts much as we did in its struggle against colonial domination and apartheid,' Minister of State for External Affairs Anand Sharma told diplomats, businessmen and media at the third conclave on the India-Africa Project Partnership that began here Monday. About 300 delegates from various African countries and leading Indian businessmen from India are participating in the three-day conclave beginning Monday that is aimed at accelerating business and economic ties. Sharma underscored the relevance of the Indian development experience and reiterated India's commitment to empower Africa through skill enhancement and technologies suitable for the continent's unique requirements.... | |
| |
| | | Qantas sends 300 jobs to India | | Posted Saturday, September 30, 2006 11:05:01 PM by Blog57 Team | | QANTAS is set to axe 300 information technology workers in Australia and send their jobs to India. The carrier has shortlisted two Indian companies to take over the work, saying it was impossible to find enough high-tech expertise in Australia to carry out computer systems maintenance, Fairfax newspapers report. A review of IT jobs is almost complete, and an announcement is expected this month. Jobs at risk are in the internet operation that deals with holiday bookings, frequent-flyer programs, operational logistics, crew and engineering operations, and financial and payroll systems. The Australian Services Union (ASU) said Qantas has already engaged one of the Indian companies to bring in 30 workers to "scope out" work in the Mascot IT office in Sydney.... | |
| |
| | | Rusal Mulls Brazil, India, South Africa in $16 Billion Plan | | Posted Thursday, September 21, 2006 7:03:59 PM by Blog57 Team | | Sept. 21 (Bloomberg) -- OAO Russian Aluminium, the world's third-biggest aluminum producer, will spend $16 billion by 2013 to expand production and may acquire assets in countries including Iceland, India, South Africa and Venezuela. Oleg Deripaska, the company's billionaire owner, gained approval last month from President Vladimir Putin to take over smaller rival OAO Sual Group, creating the world's largest producer of the metal. Russian Aluminium, also known as Rusal, is considering ventures in alumina and bauxite production in Brazil, India, Jamaica, Venezuela and Vietnam, said Pavel Ulianov, the company's managing director for corporate strategy. Rusal is interested in aluminum projects in Iceland, the Middle East, South Africa, Tajikistan and Russia's Far East, he said today in Moscow.... | |
| |
| | | India provides Rs one billion support to Nepal | | Posted Tuesday, September 12, 2006 1:07:20 AM by Blog57 Team | | India on Monday provided Rs one billion as budgetary support to Nepal's new government, which faces the huge task of rebuilding the insurgency-hit Himalayan nation. Indian Ambassador to Nepal Shiv Shanker Mukherjee handed over the check to Nepal Finance Minister Ram Sharan Mahat at a function in Kathmandu. The assistance was pledged during Prime Minister Girija Prasad Koirala's visit to India following the restoration of democracy. Meanwhile, the Asian Development Bank on Monday granted USD 55.2 million to the government of Nepal to help expand feeder road projects in the country. The grant is under the "Road Connectivity Sector I Project", which was approved by the bank on August 11 this year. The money will be invested for construction and upgradation of some 490-kms feeder roads.... | |
| |
| | | India-Iran Ties Not Dependent On Tehran's Relations With Others | | Posted Monday, September 04, 2006 7:21:50 AM by Blog57 Team | | PARIS, Sept 4 (Bernama) -- India Sunday affirmed that its ties with Iran, which faces the West's wrath over its controversial nuclear programme, were not dependent on Tehran's relations with other countries. Asked by newsmen on his arrival here what would be India's stand if the United Nations imposed sanctions on Iran for refusing to stop uranium enrichment process, Indian Defence Minister Pranab Mukherjee said "our relationship with one country is not dependent on that country's relations with others". "Iran is a trusted old friend of India", the Press Trust of India (PTI) quoted the minister as saying, recalling New Delhi and Teheran age-old ties and with both countries recently embarked on developing and firming up good economic cooperation. His remarks came as Iranian officials have agreed to hold negotiations on the subject but ruled out abandoning uranium enrichment processing.... | |
| |
| |
|
|
