INDIA

India's Gujarat beckons investments worth $462 bln

As many as 7,936 memorandums of understanding (MoUs) were inked at the fifth edition of the two-day Vibrant Gujarat Summit 2011 in the western Indian city of Gandhinagar envisaging a whopping investment of $462 billion for Gujarat and expecting to create employment opportunities for about 5.2 million citizens.
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India Apr-Dec commodity derivatives trade up 50 pct

Turnover at Indian commodity bourses rose 50 percent to 82.70 trillion rupees ($1.83 trillion) in the first three quaters to December on surging volumes on bullion and metal counters, data from the regulator showed.
A vendor arranges vegetables at a market in Lucknow in this May 6, 2010 file photo.

Govt ducks big decisions on food inflation

The embattled Congress-led coalition government failed to announce major policy decisions on Thursday to tackle soaring food prices after days of wrangling, taking only minor measures seen as unlikely to make a major impact.
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Gold falls after successful euro zone debt auctions

Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.

China, Korea moves underscore rising food prices

China dumped plans to import several million tonnes of expensive corn and South Korea unveiled cuts in import tariffs on some products, underscoring the dilemma over how to tackle rising food prices.
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Starbucks inks pact to enter India, source beans

Starbucks Corp , the world's largest coffee chain, unveiled a tie-up on Thursday that could bring its iconic cafes to Asia's third-largest economy, where western-style coffee shops are increasingly popular.

RIM gives India access but not to secure e-mails

BlackBerry maker Research In Motion said it has given India the means to access its Messenger service and reiterated that no changes could be made to allow monitoring of secure corporate emails.
Engineers work in the control room at Infosys Technologies campus in Bangalore

Infosys adds 5,311 staff in Q3, headcount now at 127,779

India’s second biggest software services company Infosys Technologies Ltd on Thursday said its attrition rate for the October-December quarter has shot up on an annualized basis, but that it had added 5,311 employees to take its total headcount to 127,779.

Infosys Q3 net profit up 14 pct, misses Street view

India’s second biggest software services company Infosys Technologies Ltd reported a 14 percent rise in its third-quarter net profit missing analysts expectations, sending its shares down by more than 4 percent.
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RIM says gives India solution for Messenger access

BlackBerry-maker Research In Motion said on Thursday it had given a solution to India ahead of a January 31 target date for access to consumer services including BlackBerry Messenger, but reiterated that no changes can be made to the security system for corporate emails.

Tsotsobe leads South Africa to emphatic win

Lonwabo Tsotsobe received the man of the match award after his four wickets led South Africa to a crushing 135-run win over India in the first one-day international at Kingsmead on Wednesday.
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Rupee hits 1-½ week peak; retreats on share fall

The rupee touched one-and-half-week highs early on Thursday, boosted by overnight losses in the dollar, but soon retreated tracking weak domestic shares, which added to worries of more foreign fund withdrawals.
Kris Gopalakrishnan, CEO of Infosys Technologies, speaks during a news conference on the sidelines of the G20 CEO Summit in Seoul November 9, 2010.

Infosys Q3 disappoints, economic worries hit outlook

Infosys Technologies' weaker-than-expected results sparked concerns over growth rates of India's showpiece outsourcing sector as the company flagged a sluggish global economic recovery and currency volatility.

India to ban exports of wheat products - report

The government may ban wheat product exports in a series of measures to tame spiralling food prices that have fuelled rapid inflation and increased pressure on an embattled ruling Congress party, local media said.

Analysis: Asian capitals seek clues to U.S.-China ties

Worries about China's military buildup and aggressive diplomacy are bolstering its neighbors' desire to see Washington stay committed to the region while pushing them to hedge their bets against waning U.S. influence.
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Wikipedia, 10 years old, targets India

With China virtually cut off and Western markets maturing, Wikipedia is targeting India first and possibly Brazil next to reach its goal of 1 billion users, Executive Director Sue Gardner says.

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