INDIA

Rupee Posts First Weekly Gain in 2 Months

Rupee
The rupee weakened on Friday on worsening global risk sentiment, but posted its first weekly gain against the dollar in more than two months as the local currency recovers from oversold conditions.
Asian Markets

Asian Markets Likely To Maintain Gains Next Week

Asian stock markets reported their first weekly gains in six weeks amid hopes that major central banks, including the U.S. Federal Reserve, might act to tackle deteriorating global economic conditions.
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China: Tibet Closed To Foreign Tourists

Several travel agencies in China are reporting that foreigners have been banned from traveling to the Tibet Autonomous Region, the Chinese name for Central Tibet.
Jakarta, Indonesia

Investment Opportunities In The World's Newest Obscure Acronym, CIVETS

In 2009, the Economist Intelligence Unit devised an acronym for six emerging countries, CIVETS, which includes Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. These countries were categorized as the six countries with the best chance of high, long-term growth.
An investor reads a newspaper with a magnifying glass in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province April 5, 2012.

Asian Markets Rise On US, European Stimulus Hopes

Asian markets rose Thursday amid hopes that the U.S. Fed would announce another round of monetary easing and European policy makers would take concrete measures to tackle the debt crisis looming over the euro zone.
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U.S. Wants India to Play Greater Role in Afghanistan

India is expected play an active role in Afghanistan following the withdrawal of international forces in the region, said U.S. officials on arrival of the U.S. Defense Secretary Leon Panetta in New Delhi on Tuesday.
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Spain Says Markets Are Closing To It As G7 Confers

Spain said on Tuesday that credit markets were closing to the euro zone's fourth biggest economy as finance chiefs of the Group of Seven major economies were to hold emergency talks on the currency bloc's worsening debt crisis.
Bartender in a Mumbai pub

Drinking Without Permit in Maharashtra Can Cost You Rs 50,000

A 63-year-old prohibition law requiring every adult above the age of 25 to get a drinking permit exists in Maharashtra but it's never been taken seriously - until the rave party hogged media headlines. Individuals caught drinking without a permit could be fined 50,000 rupees or jailed for five years.

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