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Border Dispute Casts Shadow on Li's India Visit
May 20, 2013 at 08:00 | Source: Wall Street Journal
NEW DELHI—Chinese Premier Li Keqiang arrived in India on Sunday following a border dispute that is likely to overshadow the visit. Tensions on the nations' boundary in the Ladakh area in the western Himalayas flared in mid-April, when India...
PM talks tough with China's Li, voices India's concern over incursion
May 20, 2013 at 07:33 | Source: FirstPost
New Delhi: In a firm message to China, Prime Minister Manmohan Singh tonight voiced India's serious concern over the recent Chinese incursion in Ladakh and told his counterpart Li Keqiang that in the absence of peace and tranquility along the border,...
Why the India-China dialogue must go beyond platitudes
May 20, 2013 at 07:06 | Source: FirstPost
Among a section of Indian leaders and policymakers, there is a discernible tendency to avoid pointed mention of potentially niggling issues with China in the belief that the problem will take care of itself - or at least be overtaken by events and ot...
Profit-booking seen ahead, but FIIs may limit market slide
May 20, 2013 at 07:06 | Source: Economic Times
MUMBAI: Markets could witness a spell of profit-booking this week after having run up to their highest levels in two-and-a half years. However, with foreign investors likely to continue buying shares, any downside will be limited, said market partic...
Essar to ink deal with Chinese cos to tap billion dollar funds for Vadinar products
May 20, 2013 at 07:06 | Source: Economic Times
MUMBAI: The Essar group, owned by billionaire brothers Shashi and Ravi Ruia, will sign agreements with a leading Chinese bank and its largest oil and gas producer and distributor, deepening the BPO to steel conglomerate's engagement with the world s...
WeChat focuses on 2G customers to lead IM segment
May 20, 2013 at 07:06 | Source: Economic Times
NEW DELHI: As it looks beyond its home market, Tencent, China's biggest Internet company, aims to use WeChat to become the leading instant messaging app for 2G customers in India where more and more mobile phone users are upgrading to smartphones. I...
May 20, 2013 at 07:06 | Source: Economic Times
NEW DELHI: The government has appointed auditors for the Reserve Bank of India after consulting with the Comptroller & Auditor General (CAG), reversing the earlier practice of involving the central bank in the selection process. The two auditors app...
Large-format food grocery retailers adopt kirana-store model to push sales
May 20, 2013 at 07:06 | Source: Economic Times
KOLKATA/MUMBAI: Domestic supermarket chains, which ran into stiff competition from 'kirana' shops at the very start of their operations, are changing tack to beat the mom-and-pop stores at their own game. The food and grocery retail arms of Future Gr...
Indian firms discover branding marketing opportunity in LGBT events
May 20, 2013 at 07:06 | Source: Economic Times
MUMBAI: When film maker Sridhar Rangayan first launched the Kashish Mumbai International Queer Film Festival, his financing was largely drawn from development agencies like UNDP and Amnesty International, which were then interested in creating greate...
Comptroller and Auditor General Vinod Rai may have changed institution forever
May 20, 2013 at 07:06 | Source: Economic Times
NEW DELHI Comptroller and Auditor General Vinod Rai demits office on May 23 as one of the most politically divisive CAG in Indian history. Rai's audit reports on 2G spectrum allocation and the coal block allocations have arguably brought 'policy para...
India need not sacrifice balancing China at the altar of better relations
May 20, 2013 at 07:06 | Source: Economic Times
By: Rajesh Rajagopalan Despite the border intrusion, China has been making the right noises about improving relations with India. Chinese Premier Li Keqiang will echo that theme during his visit to India this week. But New Delhi needs to look beyond...
IPL spot-fixing scandal: D-Company's Shobhan Kalachowky lynchpin of betting ring
May 20, 2013 at 07:06 | Source: Economic Times
MUMBAI: The crime branch of the Mumbai Police on Sunday raided various hotels and betting dens in the city and suburbs looking for one Shobhan Kalachowky, a key man of the Dawood Ibrahim gang, even as it stumbled upon vital leads that could throw li...
Government mulling law to fix fixing in sports, says Kapil Sibal
May 20, 2013 at 07:06 | Source: Economic Times
NEW DELHI: The government will bring in new legislation to deal with all kinds of betting in sports, Law Minister KapilSibal said, as the cricket world grappled with more revelations in the spot fixing scandal over the weekend. "We need to have a se...
It will be wrong for investors to become bearish on India: Geoff Lewis, JP Morgan AMC
May 20, 2013 at 07:06 | Source: Economic Times
Geoff Lewis is executive director, global market strategist, at JP Morgan Asset Management, which manages assets worth $1.5 trillion worldwide. Prior to joining JP Morgan in 1999 as head of investment services, he had stints at Dresdner Kleinwort Be...
Net telephony providers will be asked to set up servers in India
May 20, 2013 at 07:06 | Source: Economic Times
NEW DELHI: India will mandate that all firms offering internet telephony, including popular online phone service provider Skype owned by software giant Microsoft, must set up a server in the country if they want to continue offering this facility he...
Cyber attack: Blame game is on, but Yes Bank, RPG to sort out hacking issue
May 20, 2013 at 07:06 | Source: Economic Times
By: Ruchira Roy Chowdhury MUMBAI: Yes Bank and RPG Life Sciences (of Harsh Goenka) are blaming each other for the Rs 2.4 crore the company lost due to the second reported hacking of a current account of a corporate. The bank says that it is the resp...
SBI's single regulator plan: Banks, HFCs have no regulatory arbitrage, says Keki Mistry, HDFC
May 20, 2013 at 07:06 | Source: Economic Times
MUMBAI: The norms for housing finance companies (HFCs) are the same as those governing banks, said KekiMistry, the vice-chairman & CEO of India's biggest mortgage lender HDFC, responding to remarks by SBI Chairman PratipChaudhuri that HFCs enjoyed a...
Voyaging seniors keep cash registers ringing as they fly in groups to exotic destinations
May 20, 2013 at 07:06 | Source: Economic Times
NEW DELHI: Seventy-year-old UK Mishra couldn't hide his glee when he got off the flight to Paris last December for a two-week-long European holiday. He clicked a photo of his wife and himself with his phone, posted it on Facebook and wrote: "We had ...
TTK Prestige to enter water purifier mart
May 20, 2013 at 06:45 | Source: DNA India
TTK Prestige, the maker of pressure cookers and kitchen appliances, is getting ready to enter India s Rs 3,200-crore water purifier market where big names such as Aquaguard (Eureka Forbes), Pureit (Hindustan Unilver), Swach (Tata Chemicals) and Kent...
The Great Summer Escape to 'cool' spots spells travel boom
May 20, 2013 at 06:45 | Source: DNA India
Rising mercury levels this summer are bringing glad tidings to the Indian travel and tourism industry. Forget the earlier doom-and-gloom predictions: firms in this sector are now confident of posting a 25% on-year growth this calendar year on the ba...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
