India economy grew 8.6 percent in Jan-Mar quarter, best in 2 years as manufacturing rebounds

India’s economy grows at fastest pace in 2 years
MUMBAI, India – A rebound in manufacturing and recovering farm output drove India’s quarterly economic growth to 8.6 percent, the best in two years as Asia’s third-largest economy returns to pre-crisis levels of expansion.
Growth for the financial year ended March was 7.4 percent, beating a … Read more »».

The Container Store To Debut In Indianapolis

INDIANAPOLIS (GaeaTimes.com)- The Container Store, one of the world’s largest retail stores is set to open its first store in the city of Indianapolis. The new shop may soon be seen in the Rivers Edge area of the 82nd Street at Dean Road inside a shopping area near Lake Clearwater. The Kite Realty Group …. Source article on Gaea Times at  : The Container Store To Debut In Indianapolis.

Punj Lloyd Declares Q4 Results

MUMBAI, INDIA (GaeaTimes.com)- Punj Lloyd has announced it’s Q4 (fourth quarter) results for FY10 (Financial Year 2010). Reportedly, the consolidated loss of Punj Lloyd was said to be a total amount of Rs 301 crore which is slotted against the total loss of Rs. 256 crore witnessed by the company.
The Q4 results as declared … Original source on Gaea Times at : Punj Lloyd Declares Q4 Results.

Sensex goes flat after brief spike

MUMBAI – A benchmark index for Indian equities Monday was trading on a flat note in afternoon trade after making modest gains on news that the economy grew at a robust 8.6 percent in the last quarter of 2009-10.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,872.17 points, was … Read the original article on Gaea Times at : Sensex goes flat after brief spike.

GOP sees prospects to gain governorships, especially in Midwest, Great Lakes region

GOP upbeat about gubernatorial prospects, Midwest
WASHINGTON – A political tail wind boosting their prospects, Republicans have significant opportunities to gain governorships across the Great Lakes and Midwest this fall. But, in a wrinkle to their coast-to-coast victory plan, the GOP is struggling with internal fights in a handful of primaries, giving …. Original source  : GOP sees prospects to gain governorships, especially in Midwest, Great Lakes region.

In spite of brighter economic outlook, many people still feeling stress over debt, joblessness

Debt-induced stress continues for many Americans

WASHINGTON – The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations.
There are new jobs produced but old worries persisting for people despite belt-tightening and boosted savings, according to an Associated Press-GfK poll.
About 46 percent of those surveyed say …. Read the original article  : here.

Ex-defense minister dominates Colombia presidential vote, faces Green Party outsider in runoff

Colombia runoff: ex-defense minister vs. Mockus

BOGOTA, Colombia – A former defense minister from an elite political clan fell just short of a first-round victory in Colombia’s presidential elections while trouncing his closest rival, an unorthodox Green Party candidate.
Juan Manuel Santos, who helped craft the wildly popular security policies of outgoing President Alvaro Uribe, won 47 … Original article on : Ex-defense minister dominates Colombia presidential vote, faces Green Party outsider in runoff.

Reports: Japanese leader supports SKorean plans to bring NKorea to UN Security Council

Japan PM backs Seoul’s UN bid to punish NKorea
TOKYO – Japan’s prime minister told his Chinese counterpart Monday that he supports Seoul’s plans to bring North Korea before the U.N. Security Council for sanctions or condemnation for the alleged sinking of a South Korean warship, an official said.
The two countries also agreed … Read more >>.

First Indo-US Track II discourse to push collaborative ideas

WASHINGTON – A first of its kind Track II discourse will follow the June 3 inaugural India-US strategic dialogue to push forward ideas emerging from the government-to-government conversation, according to a leading Indian business body.

Indian External Affairs Minister S.M. Krishna and US Secretary of State Hillary Clinton would lead Thursday’s official talks focusing on five …. Read the original article  : here.

India grows 8.6 percent in fourth quarter

NEW DELHI – The Indian economy grew by 8.6 percent during the quarter ended March 31, lifting the annual gross domestic product (GDP) for 2009-10 to 7.4 percent, official data released Monday showed.

And Finance Minister Pranab Mukherjee said he expected the growth momentum to continue and the economy would expand at 8.5 percent in the …. Original source  : India grows 8.6 percent in fourth quarter.

Sweden’s Oriflame targets 30 new products a month in high-growth India

NEW DELHI – Swedish personal care company Oriflame plans to launch 25-30 products every month and engage 50,000 more people to tap the booming Indian cosmetics market, already a $5.4 billion industry growing at 12 percent per annum.

“In Asia, India is the most important market, besides China. In the coming year, I …. Original article  : Sweden’s Oriflame targets 30 new products a month in high-growth India.

Oil rises slightly to above $74 in Asia as traders look to US jobs report for clues to economy

Oil rises above $74 as US jobs report awaited

SINGAPORE – Oil prices rose above $74 a barrel Monday in Asia as traders look to a U.S. jobs report this week for clues about the strength of the global economic recovery.
Benchmark crude for July delivery was up 49 cents at $74.46 a barrel at late afternoon …. Original source  : Oil rises slightly to above $74 in Asia as traders look to US jobs report for clues to economy.

Sensex volatile in early trade

MUMBAI – A benchmark index for Indian equities Monday was trading in a zig-zag manner in morning trade.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,872.17 points, was ruling at 16,875.98 points, 12.92 points or 0.08 percent up from its previous close at 16,863.06 points.
At the National Stock …. Original article on Gaea Times at  : Sensex volatile in early trade.

Money Market Operations as on May 28, 2010

…. Original article on Gaea Times at  : Money Market Operations as on May 28, 2010.

India, China should take care of each other’s concerns: Patil

SHANGHAI – India and China need to develop models of economic cooperation which will take into account each other’s concerns, President Pratibha Patil said here Monday.

On the last day of her six-day state visit, she spoke to a group of Indian and Chinese businessmen at the India-China business forum and urged them to further boost …. Original article on Gaea Times at  : India, China should take care of each other’s concerns: Patil.

Mexico oil spill: US prepares for worst

WASHINGTON – The US government is preparing for a months-long disaster in the Gulf of Mexico after the latest attempt by oil giant BP to plug a gushing well were declared a failure.

“What we’re doing is we’re going to hope for the best and prepare for the worst,” Carol Browner, an Obama energy advisor, told …. Read the original article  : here.

Fed chief says biggest challenge facing central banks is deciding when to tighten credit

Fed chief sees delicate dance ahead
WASHINGTON – The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed Chairman Ben Bernanke said Sunday.

Bernanke, however, didn’t provide any new clues on that front.
As …. Source  : Gaea News Network.

Come and take it! GOP Gov. Rick Perry answers campaign attacks with style that’s classic Texas

Come and take it! Perry fights attacks Texas style
AUSTIN, Texas – Rick Perry is governor of a state with a multibillion-dollar hole in the budget that’s getting bigger. The EPA wants to take away the state’s power to police the quality of its air. He’s the butt of jokes for spending tens of … Read the original article on Gaea Times at : Come and take it! GOP Gov. Rick Perry answers campaign attacks with style that’s classic Texas.

Still seeing red after protests end, Thai tourism industry seeking recovery, rehabilitation

Thai tourism seeking recovery from protest turmoil

BANGKOK – The Red Shirt anti-government protesters have gone home, but Thailand’s tourism industry is still seeing red.
Armed soldiers, smoky streets and looted stores were the sad finale to two months of street protests seeking to force new elections. Those images have lingered in many minds, especially for tourists, … Read more »».

Loss of Treasury minister ends short honeymoon for Britain’s coalition government

Expenses scandal troubles fledgling UK coalition

LONDON – After only 18 days at the helm, Britain’s young coalition government has lost a top finance minister to an expenses scandal just as it struggles to slash a record budget deficit and restore public trust in politics.
The abrupt resignation of David Laws, the deputy Treasury chief, reduced confidence …. Read the original article  : here.