INDIA

Pakistan Hiding Nuclear Arms from U.S.: Report

Pakistani soldiers stand near army post in Shawal mountains along Pakistan-Afghanistan border
Pakistan is on a clandestine mission of hiding its nuclear arsenal from the Pentagon and is transporting weapons of mass destruction in low-security vans on roads used by civilians, The Atlantic and National Journal report, quoting unnamed U.S. officials.

IMF Chief Warns World Economy Risks 'Lost Decade'

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The head of the International Monetary Fund warned on Wednesday that Europe's debt crisis risked plunging the global economy into a lost decade and said it was up to rich nations to shoulder the burden of restoring growth and confidence.
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A woman walks past a large logo of Vodafone displayed on a shop in Mumbai May 20, 2010

Vodafone lifts outlook on emerging markets

Vodafone (VOD.L:Quote) lifted its full-year profit outlook on Tuesday as strong growth in emerging markets and robust trading in northern Europe more than offset weakness on the southern fringes of the euro zone.
RBI

RBI to Hold Exchange Rate Policy

The Reserve Bank of India (RBI) will stick to its exchange rate policy and the guidance provided on monetary policy would hold until further notice.
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Vodafone edges outlook higher on strong first half

Vodafone edged its full-year outlook higher on Tuesday as growth in emerging markets and robust trading in northern Europe helped the world's largest mobile operator to post first-half results ahead of forecasts.
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Kingfisher to Cancel 31 Flights Daily Till Nov 19: Report

India's No. 2 carrier Kingfisher Airlines, controlled by liquor baron Vijay Mallya, plans to cancel 31 flights daily till Nov 19, including four international flights to Bangkok, the Mint newspaper reported, citing an unnamed airline official.
Best Buy bags U.S. mobile venture, axes UK chain

Best Buy bags U.S. mobile venture, axes UK chain

The moves are the latest sign Best Buy is scaling back its overseas ambitions to focus on its main U.S. business, which faces stiff competition from discounters and online retailers. Earlier this year, the U.S. group dropped plans for Best Buy-branded stores in China and Turkey.
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Reliance's Hollywood gamble has yet to pay off

Since Reliance Entertainment stormed Hollywood with hundreds of millions of dollars in cash three years ago, the Indian media conglomerate has seen precious little for its investments, with no movies released as a result of development deals and DreamWorks thus far struggling at the box office.
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Asian Shares Dip After Greek Coalition Deal

Asian shares struggled and credit markets weakened Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.
Oegussa plant gold

Gold Rises 1% amid Jitters on Greece and Italy

Gold prices gained nearly 1 percent on Monday after Greece's politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone's debt crisis supported safe-haven demand in bullion.
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IMF's Lagarde heads to Moscow for debt crisis talks

Financial aid to rescue Europe's debt-stricken countries is set to dominate talks between Christine Lagarde, the head of the International Monetary Fund, and Russia's president, government and monetary officials during her visit to Moscow.
West Indies

Windies Fightback After Ojha Strikes

Opener Kraigg Brathwaite and veteran Shivnarine Chanderpaul hit unbeaten half-centuries to guide the West Indies to 159 for the loss of three wickets, at tea on the opening day of the first test against India.

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