INDIA

Many workers around the world have given up hopes of advancing in their jobs, but the bad economy is keeping them from finding new ones.

Oil demand is picking up, Saudi Oil Minister Ali al-Naimi said on Tuesday, which could mean OPEC does not have to take any action on supply this year.

Retail participation in gold investment is steadily rising, prompting the commodity exchanges to innovate products as well as delivery mechanisms with significant volumes being generated from retail products like gold guinea. Ahmedabad-based National Multi-commodity Exchange (NMCE) is steadily going ahead with its unique investment product, gold guinea. A guinea, weighing 8 grams each has created a separate class of gold investors.

Kuwaiti telecom Zain and India's Bharti Airtel have faced no obstacles in due diligence and expect the $9 billion deal to close on time, a Kuwaiti newspaper said on Tuesday.

Extortion by corrupt officials in Russia has got so bad that some Western multinationals are considering pulling out altogether, the head of a U.S. anti-bribery group said in an interview.

According to a report on Idex Online by CHAIM EVEN-ZOHAR, 2009 was probably the best year in a decade for India's diamond industry. In terms of polished diamond exports, India's $15.16 billion in 2009 was only 1.7 percent below the $15.42 billion of the 2008 calendar year. Measured in polished carats, the volume of exports was actually up some 13 percent, reaching a staggering 51.9 million carats.

Last year was dedicated to gold, and 2010 seems to be the year of base metals. According to analysts, prices for aluminium, copper, nickel, lead and zinc are all set to outsmart gold prices this year as industrial demand for these base metals from emerging economies increases. Chin and India are expected to play as the catalyst for base metals prices as these economies will see a huge increase in industrial growth this year.

Last week saw gold prices sliding continuously for 8 days in Delhi bullion market, a record of sorts during the past 4 years. This has made people think that the gold prices are cooling down. Gold prices internationally are at $1,100/oz - just a shade below the all time high seen in January 2010. As an asset, gold has given strong returns over the past five years - especially as other assets faltered during the recession. However, with the world economy seemingly on the mend, it may be time for ...

Citigroup named Keshav Sanghi as head of India equities, just two months after he joined the firm as head of sales and deputy head of equities for its Indian business.

JP Morgan (JPM.N) Asset Management has invested almost a quarter of its $860 million Asian infrastructure fund in China and India assets

Popular social-networking site Facebook will open an office in India, joining a long list of international firms that have looked to tap a skilled workforce that provides support services at relatively cheap wages.

Officials from eight nations including the United States began talks on a transpacific trade deal on Monday in a move Australia said could add momentum to stalled World Trade Organization talks.

Twitter co-founder Evan Williams said the company plans to move into areas where censorship and technology is limited.

Nissan Motor launched its much-awaited, low-cost compact car on Friday, aiming to become a major force in the fast-growing segment with a global sales target of one million units a year by 2013.

Nokia Oyj lowered it share of global handset sales after recalculating the size of the market and the scale of the growing grey sector in unlicensed and counterfeit phones.

Suicide bombers targeting the Pakistani military killed at least 45 people in Lahore on Friday, officials said, in a challenge to government assertions that crackdowns have weakened Taliban insurgents.

India signaled on Friday it was open to a new round of talks with Pakistan, raising fresh hopes of a thaw in relations after last month's official dialogue between the nuclear-armed rivals produced no breakthrough.

Plans by Carrefour, the world's No.2 retailer, to open its first cash-and-carry outlets in India are a sign of optimism in the country's $450 billion retail sector, but foreign investors and some officials want more -- an easing of the country's tough investment rules.

Russia is considering inviting India's state-run Oil and Natural Gas Corp to develop oil and gas fields in Russia ahead of Prime Minister Vladimir Putin's visit to India.

India has adjusted its export tax on iron ore several times over the last two years as the government tries to contain inflation and meet demand from domestic industries.

India's export taxes on iron ore and plans to ramp up supplies to domestic steel mills will cut shipments to key buyer China in the long term, and aid miners wrangling for a steep hike in term prices, if not scrap them.