INDIA

kingfisher Airlines

Cabinet to Consider Aviation FDI on Friday

The cabinet will consider a proposal on Friday to allow foreign airlines to buy stakes in local carriers, moving forward with a much-delayed reform that could revitalise debt-ridden domestic carriers.

Asian Markets Rise On US Easing Hopes

Woman walks past stock quotation board outside brokerage in Tokyo
Most of the Asian markets made gains Thursday as investors remained hopeful waiting for the policymakers in the U.S. to announce monetary easing measures to boost the global economy and rejuvenate the economic growth momentum.
Investors look at an electronic board

10 Animals That Could Disappear Forever [PHOTOS]

Scientists have recently come out with a list of 100 species teetering on the brink of extinction, highlighting animals other than the usual suspects like the giant panda. Take a gander at these adorably doomed creatures.
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Employees work on the floor of the outsourcing company WNS in Mumbai March 19, 2012.

India Hiring Outlook Weakest in Over 3 Years: Manpower

Most U.S. employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup. The pace of hiring is expected to slow in large emerging economies including China and India.
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GoDaddy Sites Down, May Be Victim Of Anonymous Cyberattack

Customer sites operated by private GoDaddy.com reported major computer problems Monday due to an apparent cyberattck by Anonymous. Last winter, Intyernet activists attacked GoDaddy.com for its support of the Stop Online Privacy Act.
Infosys

Infosys To Acquire Swiss Firm Lodestone For $350 Million

Infosys Technologies Monday said that it would buy Swiss technology consulting firm Lodestone Holding AG for 330 million Swiss francs ($350 million) which is expected to help India's second biggest software exporter to improve services to its clients.
Cars on display

Low R&D Spend Threatens Auto Part Makers' Ambitions

From Daimler trucks in Germany to tractors in Brazil, Rohit Saboo's Indian automotive parts are making their way into vehicles all over the world. But as he scales up exports to compensate for slowing growth at home, a lack of spending on innovation is undermining his sales pitch.
Asian Markets

Asian Stocks Week Ahead: Investors To Focus On FOMC Decision, China Data

Asian stock markets ended with gains last week after the European Central Bank (ECB) announced plan to reduce borrowing costs of struggling euro zone countries’ and news that Chinese regulators had approved another batch of infrastructure projects, which should stabilize and restore growth in the world's second largest economy. Market participants’ are likely to focus on Federal Open Market Committee (FOMC) interest rate decision on September 13th.
Myanmar

Coke, GE Step In As Ex-Pariah Myanmar Opens To Foreign Investment

After breaking from decades of military rule, Myanmar's parliament ratified legislation promoting foreign investment on Friday, opening the southeast Asian country to investment from companies like MasterCard Inc. (NYSE: MA), the Coca-Cola Company (NYSE:KO) and General Electric Co. (NYSE: GE).
General Liang Guanglie

Chinese Defense Minister's Cash Gift To Indian Pilots Causes A Stir

China's Defense Minister General Liang Guanglie caused a stir, perhaps inadvertently, while on a visit to India by handing a cash gift of Rs. 100,000 ($1,800) to two Indian Air Force (IAF) pilots who flew him from Mumbai to New Delhi Monday, media reports said Thursday.
The tail fin of the Boeing 787 Dreamliner is seen at the 2010 Farnborough International Airshow

Air India Receives First Boeing 787 Dreamliner

Air India took delivery of its first Boeing 787 commercial widebody airplane on Thursday at Boeing Co's final assembly plant after a months-long dispute between airline and manufacturer over compensation for a four-year production delay.
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India "Gutka" Chewing Tobacco Habit A Tough Nut To Crack

Last week, Punjab became the tenth of 28 states to ban the sale of gutka after the Food Safety and Standards Authority of India reclassified it as a foodstuff, prohibiting the use of tobacco and nicotine as "ingredients in any food product".
Petrol price

Finance, Oil Ministries Push for Fuel Price Increase

The finance and oil ministries are lobbying for an increase in prices of diesel, kerosene and LPG, warning cabinet colleagues that time is running out to avert a fiscal disaster and a sovereign credit downgrade to junk by global ratings agencies.

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