INDIA

Gopalakrishnan, chief executive of Infosys Technologies, speaks during the announcement of company's quarterly financial results in Bangalore

Infosys enters cloud arena

India’s second largest IT company Infosys has announced to adopt the cloud technology as a part of its Infosys 3.0 transformation

Gazprom set for more after huge India deals: source

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Russian gas exporter Gazprom, having just signed a trio of deals in India that could be worth over $90 billion, now has it sights on the markets of Europe and North America, a source close to the company said on Thursday.
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Online network Viadeo eyes Africa after shelving IPO

Viadeo, the world's second-biggest online networking site for professionals behind LinkedIn, plans to double its users in Africa within a year, its chief operating officer for the continent said on Tuesday.
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India's economy grows slowest in five quarters

India's economy grew at its slowest annual pace in five quarters in January to March, as rising interest rates crimped consumption and investment, which some analysts say could temper the pace of central bank tightening to tackle inflation.
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India economy grows at slowest pace in five quarters

India's economy grew at its slowest pace in five quarters during the March quarter, as rising interest rates crimped consumption and investment, although the central bank is expected to continue tightening rates in its battle against inflation.
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Samsonite sets price range for $1.5 billion HK IPO: sources

Luggage maker Samsonite, backed by private equity firm CVC Capital Partners , moved closer to a $1.5 billion Hong Kong initial public offering, setting an indicative range for the deal on Monday as it bet on booming Asian demand for global consumer brands.

Why gold demand is surging in China?

Chinese gold demand is expected to exceed 700 metric tons in the next several years and sharply outpace domestic production. Annual gold production in China, world’s second largest consumer of precious metal, is expected to reach 400 tonnes by 2014 with demand at 700 tonnes, signaling room for a strong ramp up in imports.
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Do Higher Interest Rates Always Hurt The Gold Price?

The evidence from China, for example, suggests that while higher rates certainly have the potential to dent gold demand, far more important drivers are inflation and growth. China's experience may not be typical, but it's certainly worth examining. China is the world's second biggest gold market after India.
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Gold prices likely to stay high in coming months

Gold prices may continue to stay at high levels in the coming months as investors seek the metal as a safe haven investment on concerns about faster inflation, slowing global economic recovery and geopolitical crisis, according to China National Gold Group Corporation (CNGGC).
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India urges for joint IMF candidate from BRICs

India is talking with other emerging nations to build support for a common candidate for a developing economy to be the next head of the International Monetary Fund, with Mexico's Central bank chief being a possibility, said two government sources, reported Reuters.

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