India, Malaysia announce comprehensive economic pact (Second Lead)

PUTRAJAYA – India and Malaysia Wednesday announced the conclusion of negotiations on the Comprehensive Economic Cooperation Agreement (CECA), saying it would take the bilateral engagement to new heights.

Indian Prime Minister Manmohan Singh and his Malaysian counterpart Najib Tun Razak said the agreement will be signed by Jan 31, 2011, and come into force … Original source on Gaea Times at : India, Malaysia announce comprehensive economic pact (Second Lead).

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on October 27, 2010 are :

Amount  (face value in ` crore)                    

Item

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

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

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.52 and the Reference Rate for Euro is ` 61.47 on October 27, 2010. The corresponding rates for the previous day (October 26, 2010) were ` 44.43 and ` 62.07 respectively. Based on the Reference Rate for …. Source article on Gaea Times at  : RBI Reference Rate for US $ and Euro.

Burundi builds trade bridge with India over pots and pans

NEW DELHI – The little landlocked republic of Burundi in the great lakes region of East Africa is forging an unusual business bridge with India by importing casseroles and cooking pans.

“The price of kitchenware is reasonable in India unlike many developed nations across the world with which the country has business ties,” Burundi’s Ambassador … Read : Burundi builds trade bridge with India over pots and pans.

The sky is the limit for ASEAN-India cooperation (Comment)

Prospects of more Southeast Asians working in India and skilled Indians — techies and teachers, bankers and accountants, engineers and architects — making their presence felt in key sectors in that region have brightened.

The Eighth ASEAN-India Summit taking place in Vietnam Sunday cannot but underscore the need for accelerating the pace of economic cooperation …. Source  : Gaea News Network.

Arunachal mega dam creates political storm in Assam

GUWAHATI – A mega dam being built in Arunachal Pradesh has become a major political issue in Assam, with the opposition making it clear it will use its anti-dam stand as an election plank ahead of next year’s assembly polls.

The row concerns the 2,000 MW Lower Subansiri Hydro Electric Power Project in Arunachal Pradesh … Original article on : Arunachal mega dam creates political storm in Assam.

Obama to meet with US business leaders in India

WASHINGTON – During his India trip, US President Barack Obama will meet top US business leaders, including India-born Pepsico chairperson Indra Nooyi, to “discuss the opportunities and challenges of doing business in India,” according to the White House.

The business delegation meeting Obama will include Honeywell International Inc’s David Cote, Boeing Co’s Jim McNerney, General … Read more »».

India, Malaysia announce comprehensive economic pact

KUALA LUMPUR – India and Malaysia Wednesday announced completion of negotiations on the Comprehensive Economic Cooperation Agreement (CECA), saying it will significantly transform their bilateral engagement.

Indian Prime Minister Manmohan Singh and his Malaysian counterpart Najib Tun Razak said the agreement will be signed by Jan 31, 2011, and come into force July 1.
Razak … Read the original article on Gaea Times at : India, Malaysia announce comprehensive economic pact.

Money Market Operations as on October 26, 2010

… Original source on Gaea Times at : Money Market Operations as on October 26, 2010.

Japan stocks inch up as yen appreciation eases

TOKYO – Japanese stocks rose in early Wednesday trading, buoyed by a halt in the yen’s rise against the US dollar, which in recent weeks had seen its highest levels in 15 years.

The benchmark Nikkei 225 Stock Average gained 64.36 points, or 0.69 percent, to trade at 9,441.74 while the broader Topix index was … Read more »».

BlackBerry stock soars after tablet demo

TORONTO – BlackBerry stock soared more than six percent Tuesday after a demonstration of its just-unveiled PlayBook tablet Monday.

After hovering under $50 for some time, RIM stock rose almost 6.2 percent to close at $56.17 on the Toronto Stock Exchange (TSE) Tuesday.
But the stock is still almost one-third of its peak of $150 … Read : BlackBerry stock soars after tablet demo.

US stocks, consumer confidence edge higher

NEW YORK – Major US stock indices inched higher Tuesday, mirroring a slight rise in the confidence of US consumers.

The New York-based Conference Board’s index of confidence climbed to 50.2 in October from 48.6 in September. The index remains near record lows as unemployment remains high and the economy struggles to pull out of … Read the original article on Gaea Times at : US stocks, consumer confidence edge higher.

China’s Wuhan city wants to invest in Kolkata

KOLKATA – A delegation from China’s Wuhan city Tuesday evinced interest in investing in the New Town area that is being developed near Rajarhat in Kolkata’s north eastern fringes.

“We are interested in developing a manufacturing hub to produce building materials in the New town area,” said Yang Guocheng, deputy secretary General of … Read more >>>.

TCS to do Delhi Jal Board’s billing

NEW DELHI – The Tata Consultancy Services (TCS) will do the billing work for the Delhi Jal Board (DJB) for the next five years, an official said Tuesday.

“The TCS will do the billing work for the DJB for five years and also teach its staff about the process. Also, Delhi Integrated Multi Modal Transit [..] Read the original article: here.

Education reforms must to build talent faster: Murthy

BANGALORE – India needs drastic reforms in the education sector to build a vast talent pool for driving the IT industry growth faster, Infosys Technologies Ltd chairman N.R. Narayana Murthy said Monday.

“We require a reforms programme in the education sector similar to the economic reforms in the nineties that ushered in the liberalization era,” … Read the original article on Gaea Times at : Education reforms must to build talent faster: Murthy.

Delhi celebrates ‘Festive Hong Kong Week’

NEW DELHI – Brightly coloured dcor and a fascinating lion dance performance kicked off the “Festive Hong Kong Week” here Tuesday.

Organised by the Hong Kong Tourism Board (HKTB), the six day consumer fair from Oct 26 will be held at the Select City Walk mall in Saket area of south Delhi. It will showcase …. Original article  : Delhi celebrates ‘Festive Hong Kong Week’.

Tata Housing to invest Rs.1.5 bn in Chennai

CHENNAI – Tata Housing Development Company Ltd, which is making its foray into the Chennai residential market, plans to invest around Rs.1,500 crore, a company official said Tuesday.

The company is also in talks with various state governments to promote affordable housing projects.
“During the current year, we will invest around Rs.1,500 to Rs.2,000 crore,” …. Read the original article  : here.

Tony Blair’s wife flogs his autograph on eBay

LONDON – Tony Blair’s wife Cherie has landed herself into a controversy after she put on sale the former British prime minister’s autograph for 10 pounds on eBay, an auction website, a media report said Tuesday.

Cherie, 56, advertised a signed “bookplate” page which fits copies of Blair’s autobiography “A Journey”, The Sun reported. … Read more »».

No mercy for Bluelines, they will go, says Dikshit

NEW DELHI – Delhi’s Chief Minister Sheila Dikshit made it clear Tuesday that her government was determined to banish Blueline buses from December and blamed the private fleet for its impending fate.

Speaking a day after her government finally decided to do away with a service blamed for hundreds of deaths on the roads, she …. Read the original article  : here.

DDA, Spanish group to cooperate in urban planning

NEW DELHI – The Delhi Development Authority (DDA) Tuesday signed a memorandum of understanding (MoU) with a Spanish group for cooperation in the field of urban planning.

“The MoU was signed between the DDA and Barcelona Strategic Urban Systems of Spain at Raj Bhavan. While Veena Ish represented the DDA, the Spanish body was represented …. Source article  : DDA, Spanish group to cooperate in urban planning.