INDIA

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Defense firms vie for India orders at air show

Global defense manufacturers, competing to sell products to one of the fastest growing aircraft markets in the world, are poised to unveil new products at India's biennial air show and fight it out for one of the largest export orders in the history of defense.

India government hit by new telecom scandals

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India's federal auditor is probing the allocation of satellite-based communication licenses, sources said on Tuesday, increasing pressure on Prime Minister Manmohan Singh as his government grapples with graft charges that threaten their stability.
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Northrop Grumman sees India sealing $11 bln deal in '11

U.S. defence contractor Northrop Grumman expects India to seal a deal to spend $11 billion on new fighter jets by the end of this year, as it supplies fuselage and radars to manufacturers bidding for the order, an executive said on Monday.
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Virender Sehwag (R) plays a shot as New Zealand's wicketkeeper Gareth Hopkins watches during the sixth one-day international cricket match in the tri-series in Dambulla August 25, 2010.

India's batmakers hit for six by global sponsors

When the world's batsmen dazzle crowds at this month's cricket World Cup, many will use bats hand-made in India. But lucrative global branding that masks the bats' true makers threatens the country's craftsmen.
Analysis: Price boom puts palm oil on emerging markets' radar

Analysis: Price boom puts palm oil on emerging markets' radar

Palm oil output and stocks, already lagging robust demand due to rains in top Southeast Asia producers, could be made worse should the cooking ingredient become the next target for emerging markets seeking to buy big and dampen adverse effects of booming world food prices.
A farmer throws paddy seedlings near Indramayu town in West Java province

Efforts to calm inflation disappoint farmers

India's efforts to calm inflation by allowing easier imports and restricting exports of key foodstuffs are disappointing farmers who are keen to exploit global high prices and say structural reforms are the way ahead.
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India-Iran oil payments dispute resolved

The government has resolved a month-long payments dispute with Iran over oil shipments, a source at the oil ministry said on Thursday, by allowing a domestic bank to handle payments in euros with a Germany-based counterpart.
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Dow Chemical profit tops expectations

Brisk agricultural, plastic and electronic sales helped Dow Chemical Co, post a better-than-expected fourth-quarter profit, with earnings from joint ventures in the glass and energy sectors particularly strong.

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