Pakistan ruled out any new offensive against militants Thursday, even as U.S. defence chief Robert Gates began meetings aimed at persuading the country to expand its military campaign to take on Afghanistan's Taliban.
Global growth is set to blossom this year on the back of resurgent Asian economies and as the world's richest nations emerge from the deepest recession since the Second World War, according to a Reuters poll.
At a time when the Bombay Stock Exchange Index showed major gains in 2009 with an 80 per cent return, several investors thought of coming back to the equity sector which they had left following the 2008 early 2009 setbacks.
Kraft Foods sealed a friendly deal to buy British candy maker Cadbury for about $19.6 billion (11.9 billion pounds) after frantic last-minute talks broke an impasse over price.
Arms negotiators failed to start talks on Tuesday on cutting nuclear weapons when Pakistan blocked the adoption of the 2010 agenda for the U.N.-sponsored Conference on Disarmament.
Demand for diamonds on the world market will make it possible to double production by 2020, due to a recovery of the US economy and the needs of countries such as China and India. Doubling of production would be a result of a rise in China's market share to 10 per cent and increasing demand from India by 2015, as well as from retailers and long-term acquisition contracts.
Russia will supply more than two dozen MiG-29 fighter jets to India's navy in a $1.2 billion deal to be finalised this week, a defence ministry official said on Monday.
In 2010, iron ore prices in India are set to soar by around 15-20%. This is apart from the rise Indian witnessed in Dec 2009 when the iron ore prices jumped by around 30 per cent. While the prices of iron ore with more than 64% ferrous content have already gone up from around $59-61 per tonne to $117 (free on board) per tonne, prices are expected to climb further by 15-20% in 2010.
Barring sugar, all other agri commodities have turned bearish since the beginning of the new year, providing much needed relief to consumers and policy makers. Prices of agricultural commodities have declined by up to 11 per cent since January 1 which analysts attribute to a downward turn in the global markets. Also, fresh arrivals, including pulses, have provided relief to the government.
Following the arrest of 21 diamond traders from India, mainly from Surat, the Gems & Jewellery Export Promotion Council (GJEPC) is mulling to pull out of the diamond cutting and polishing business in China. China had nabbed 21 Indian diamond merchants for alleged smuggling of diamonds from Hong Kong to China. External affairs ministry officials said the ministry will help the traders legally.
Tata Consultancy Services glided past street estimates with a 33 percent rise in quarterly profit as demand for outsourcing surged and prices stabilised, fuelling hopes of recovery in the showpiece sector.
Two people were killed and six wounded on Friday when separatist guerrillas threw grenades and opened fire at a police station in Indian Kashmir, police and witnesses said.
Hundreds of thousands of Hindus bathed in waters considered sacred across large parts of India to mark the start of a religious festival on Thursday, with at least seven people killed in a stampede in the country's east.
The president of the world's largest money manager, BlackRock Inc , said on Tuesday that emerging markets are a bright spot for investment and warned U.S. real estate prices are likely to fall further.
Russia will lease to India in 2010 its new Nerpa nuclear-powered submarine, Russian defence officials and Indian naval officers said on Tuesday.
The European Union should not impose border tariffs on goods from countries that fail to cut back their climate-damaging emissions, the EU's trade commissioner-designate said Tuesday.
Days after the Vietnam government announced the closure of some 20 gold exchanges operating in the country, investors have abandoned the gold trading floors and turnover in the bourses has plunged. Early this month, Vietnam's central bank-the State of Bank of Vietnam-asked all the gold exchanges to shut shop by March 31. Vietnam has around 20 gold trading floors where investors could deposit a small fund and then trade 14 times the value of their initial investment.
American Airlines and its partners in the Oneworld alliance sweetened their offer to Japan Airlines to $1.4 billion to keep the struggling national carrier from joining hands with rival Delta Air Lines .
American Airlines and its partners in the Oneworld alliance sweetened their offer to Japan Airlines to $1.4 billion to keep the struggling national carrier from joining hands with rival Delta Air Lines .
A growing number of consumers worldwide used their mobile telephones to help them shop early in the holiday season with usage particularly high among young adults seeking coupons, according to a study sponsored by Motorola Inc and released on Monday.
U.S. stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.04 percent at 4.10 a.m. EST.
India's Reliance Industries Ltd has sweetened its offer to buy a controlling stake in LyondellBasell Industries that
