Manmohan to launch ‘Little India’ in Malaysia trip

KUALA LUMPUR – Indian Prime Minister Manmohan Singh will address business honchos during his visit to Malaysia later this week and also launch the “Little India” business centre here.

Manmohan Singh’s visit comes after his Malaysian counterpart Najib Tun Razak went to India in January, when they pledged to further boost the 53-year old ties [..] Read the original article: here.

Petronet LNG’s second quarter profit up 8.65 percent

MUMBAI – Petronet LNG Ltd Monday reported an increase of 8.65 percent in its net profit for the second quarter of the current fiscal that stood at Rs.131.12 crore as compared to Rs.120.67 crore in the like period of the corresponding year.

“The company has posted a net profit of Rs.1,311.239 million for the quarter … Original article on : Petronet LNG’s second quarter profit up 8.65 percent.

Head-loaders go on strike across Maharashtra

VASHI – More than one lakh head-loaders across Maharashtra went on an indefinite strike Monday, demanding better wages and housing facilities from the state government.

The strike, if it continues, may lead to rise in fruit and vegetable prices and is expected to hit the farm produce market here where the men load and … Read more »»».

India is an inspiration: Rwandan minister

NEW DELHI – Rwanda, a Commonwealth nation in eastern Africa that is trying to evolve as a nascent democracy, wants the Indian government to get more of its dynamic companies to invest in the continent and is scouting for joint ventures in education, energy, health and other economic sectors.

“The Indian government needs to look … Read : India is an inspiration: Rwandan minister.

Experts to discuss innovative housing techniques

NEW DELHI – Experts from 23 countries will meet here Thursday to discuss innovative building technologies for constructing affordable housing, officials said Monday.

The day-long conference will be inaugurated by Housing and Urban Poverty Alleviation Minister Kumari Selja.
… Read more : Experts to discuss innovative housing techniques.

Arunachal hydro project could lead to flooding: Experts

GOGAMUKH – An expert committee set up by the Assam government to study environmental concerns over construction of mega dams has warned of excessive flooding if the 2,000 MW Lower Subansiri Hydro Power Project in Arunachal Pradesh was allowed to continue with its present structural design.

“We have recommended some remedial measures like flood moderators … Read this article on Gaea Times at : Arunachal hydro project could lead to flooding: Experts.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.36 and the Reference Rate for Euro is ` 62.33 on October 25, 2010. The corresponding rates for the previous day (October 22, 2010) were ` 44.46 and ` 62.07 respectively. Based on the Reference Rate for US …. Source  : Gaea News Network.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on October 25, 2010 are:

Amount  (face value in ` crore)                     

Item

1 day Reverse Repo Auction (Sale of securities by RBI)

1 day Repo Auction 
…. Source  : Liquidity Adjustment Facility : Auction Results.

India asks Japan to help achieve infrastructure targets

TOKYO – India envisages financial outlays of over $1 trillion in the next Five Year Plan and while much of this would come “from within”, it would welcome support from Japanese companies, Indian Prime Minister Manmohan Singh told Japanese business leaders Monday.

“During India’s next Five Year Plan from 2012 to 2017, we envisage financial …. Original article on Gaea Times at  : India asks Japan to help achieve infrastructure targets.

Sensex up 117 points in morning trade

MUMBAI – A benchmark index of Indian equities Monday was ruling 117 points higher in morning trade.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,199.73 points, was ruling at 20,283.37 points, up 117.51 points or 0.58 percent from its previous close at 20,165.86 points.
At the National Stock … Original source on Gaea Times at : Sensex up 117 points in morning trade.

Tokyo shares down on stronger yen

TOKYO – Tokyo stocks fell in Monday morning trading as a stronger yen weighed on the market after a meeting of the Group of 20 (G20) finance ministers had little impact on currency markets.

The benchmark Nikkei 225 Stock Average lost 26.91 points, or 0.29 percent, to trade at 9,399.8 while the broader Topix index … Original article on : Tokyo shares down on stronger yen.

Question mark over civil nuclear deal with Japan

TOKYO – India will not force the civil nuclear agreement on Japan as it recognises the sensitivities involved, Prime Minister Manmohan Singh said here Monday, putting a question mark on the pact that was being discussed between the two countries for the last few months.

“I recognise the sensitivity of the (nuclear) issue in Japan … Read more : Question mark over civil nuclear deal with Japan.

‘Multinationals seeking to control global farming’

NAGOYA – The world’s largest seed and agrochemical corporations are filing hundreds of sweeping, multi-genome patents by saying they are developing “climate-ready” crops that will grow in a warmer world but they are actually making a bid to control global farming, the international NGO ETC Group charged here Monday.

A handful of multinational corporations are …. Source  : Gaea News Network.

Money Market Operations as on October 22, 2010

…. Source article  : Money Market Operations as on October 22, 2010.

Singapore bourse bids to merge with Australian exchange

SINGAPORE – The Singapore Stock Exchange (SGX) said Monday it has entered a merger agreement with Australian bourse operator Australian Stock Exchange Ltd (ASX), in a move that would create one of the largest stock exchanges in the world.

The proposed deal would have a volume of about $8.3 billion in cash and stock bid, …. Source article on Gaea Times at  : Singapore bourse bids to merge with Australian exchange.

Nokia Siemens Networks, du to upgrade Dubai telecom service

Dubai, Oct 24 (IANS/WAM) The United Arab Emirate’s telecom service provider, du, has signed a deal with Nokia Siemens Networks to comprehensively upgrade its mobile operations across the country, investing AED 400 million ($108 million).

Nokia Siemens Networks will expand du’s 2G network and introduce its 3G HSPA+ network with speeds of up to 42Mb … Read this article on Gaea Times at : Nokia Siemens Networks, du to upgrade Dubai telecom service.

Maharashtra farmers demand higher price for cotton

NAGPUR – Farmers from Vidarbha and Marathwada regions will hold Maharashtra’s first “Kapus Parishad” (Cotton Conclave) here Oct 26 where they will demand higher prices for cotton, an activist said here Sunday.

Organised by NGO Vidarbha Jan Andolan Samiti (VJAS), the conference will seek the government’s intervention in increasing the prices of raw cotton from … Read more >>>.

PM lures Japanese investors to India’s development plans

TOKYO – Prime Minister Manmohan Singh, on a three-day visit to Japan, has pushed for greater Japanese investment in India’s “ambitious development plans”, citing his country’s growing market, its young work force and an evolving policy framework.

“In recent years, the policy framework relating to investment, taxation, foreign trade, finance, capital markets and regulatory systems …. Read the original article  : PM lures Japanese investors to India’s development plans.

PM in Japan to give new edge to ‘old relationship’

TOKYO – Prime Minister Manmohan Singh arrived here on a rain-splattered Sunday evening for a three-day visit to further India’s strategic interests with Japan straddling the twin fronts of economy and diplomacy.

Manmohan Singh, accompanied by his wife Gursharan Kaur, was welcomed at the Haneda International Airport by Japanese Vice Minister for Foreign Affairs Ikuo …. Source article  : PM in Japan to give new edge to ‘old relationship’.

Badal asks PM to relax paddy procurement norms

CHANDIGARH – Punjab Chief Minister Parkash Singh Badal Sunday warned the central government that the state farmers’ resentment might erupt into anger if the quality specifications of paddy were not relaxed during the ongoing procurement process.

“We need to come to the aid of the beleaguered farmer who sweats and toils for the nation. The … Read the original article on Gaea Times at : Badal asks PM to relax paddy procurement norms.