Business News – Newsletter for November 6, 2010

Saturday, November 6, 2010

Tata Docomo 3G Launched In 9 Circles

MUMBAI, INDIA (GaeaTimes.com)- This Diwali the GSM wing of Tata Teleservices namely Tata Docomo presented the users the gift of 3G services. It became the first GSM operator in India to launch 3G service spectrum and now the users in 9 circles can enjoy the boon of 3G mobile telephony. Anil Sardana the MD … Read more >>.

RBI to set up more offices in northeast

AGARTALA – The country’s central bank, Reserve Bank of India (RBI), will set up more offices in northeastern states to better monitor the nationalised and regional rural banks in the region, a minister said here Saturday.

RBI has decided to open its sub-offices in six northeastern states – Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura …. Source article : RBI to set up more offices in northeast.

Heli-taxis to take wings in Himachal

SHIMLA – Heli-taxis will be started in Himachal Pradesh next month to attract high-end tourists to the state, an official said here Saturday.

“From next month, the heli-taxis will start operations in the state. For this, the government has identified three companies – Sim Sam Airlines, Mesco Airlines and Shiva Airlines,” Director of Tourism …. Original source : Heli-taxis to take wings in Himachal.

Obama’s Day One India engagements dominated by business

MUMBAI – As many as three out of six engagements on Day One of US President Barack Obama’s four-day India visit, which began here Thursday afternoon, are business-oriented, underscoring the importance his administration attaches to bilateral economic ties.

The president, whose Air Force One touched down at 12:50 p.m. at the Chhatrapati Shivaji International Airport [..] Read the original article: here.

Separatists call for Kashmir shutdown during Obama’s visit

SRINAGAR – Hardline separatist leader Syed Ali Geelani called for a three-day shutdown in the Kashmir Valley beginning Saturday to coincide with US President Barack Obama’s visit to India. The authorities, however, did not impose any curfew here.

“It does not matter whether anybody talks about us or not. The fact is that peace in …. Read the original article : here.

US eyes Indian markets: Obama

WASHINGTON – President Barack Obama has said the US will explore ways to reduce barriers to its exports and increase access to the Indian market as the country needs to find new customers in new markets for American-made goods.

In a signed article in the New York Times, Obama said the US wants “to be …. Read the original article : here.

Canada becomes No. 1 country brand globally

TORONTO – Canada has toppled the US to become the most respected country brand in the world, according to a report on global branding on the basis of tourism.

In the latest Country Brand Index released by FutureBrand, a New York-based global brand consultancy, Canada has become the most respected country brand in the world … Original article on : Canada becomes No. 1 country brand globally.

We will try for more access to Indian market: Obama

WASHINGTON – The US will explore ways to reduce barriers to its exports and increase access to the Indian market, said US President Barack Obama in a signed article published Saturday.

Writing in the New York Times, Obama said: “During my first visit to India, I will be joined by hundreds of American business leaders …. Read the original article : We will try for more access to Indian market: Obama.

IMF quota overhaul puts India among top ten

WASHINGTON – The Executive Board of the International Monetary Fund (IMF) has approved proposals that will lead to a major overhaul of the Fund’s quotas and governance putting India among the top ten.

Aimed at strengthening the Fund’s legitimacy and effectiveness, the quota shift announced Friday would exceed the target set out in October 2009 … Original article on : IMF quota overhaul puts India among top ten.

US stocks climb slightly to end strong week

NEW YORK – US stocks posted small gains Friday as new employment data showed companies were adding more jobs than expected.

The gains capped a strong week for major Wall Street indices as investors welcomed both a landslide Republicans win in Tuesday’s congressional elections and the central bank’s plans to buy up another $600 billion … Original source on Gaea Times at : US stocks climb slightly to end strong week.

Etihad launches club for art enthusiasts

Abu Dhabi, Nov 5 (IANS/WAM) Etihad Airways will launch a club exclusively for art enthusiasts who fly with the airline, it was announced Friday.

The club, named Art Connect, will be launched in December by Etihad in partnership with art house Opera Gallery.
Art Connect will organise a monthly exhibition of masterpieces and contemporary art … Read more »»».

Amid fireworks, Sensex starts New Year at all-time high

MUMBAI – During an hour-long trading Thursday, befitting Diwali, a key stock market index ended at an all-time high above the 21,000-point mark, ushering New Year for a section of the investing community with a bang.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened strong at 21,045.66 points, against the previous … Read more >>>.

Obama on a mission to sell more in India

WASHINGTON – President Barack Obama embarking on an Asia trip focused on “opening up additional markets like India” so that American business can sell more products abroad to create jobs in the US.

“I won’t be satisfied until everybody who is looking for a job can find one,” he said in a White House statement …. Original source : Obama on a mission to sell more in India.

Obama to focus on opening new markets for US in India

WASHINGTON – President Barack Obama is leaving for India focused on opening on new markets for US products and creating jobs in America.

“I won’t be satisfied until everybody who is looking for a job can find one,” he said in a White House statement before taking off on a 10-day trip to Asia, with …. Read the original article : Obama to focus on opening new markets for US in India.

Reserve Bank of India ??? Bulletin Weekly Statistical Supplement ??? Extract

1. Reserve Bank of India – Liabilities and Assets

(` crore)

Item

2009

2010

Variation

Oct. 30

Oct. 22

Oct. 29#

Week

Year

Loans and advances

Central Government

—

State Governments

169

2,049

1,439

–610

1,269

2. Foreign Exchange Reserves

Variation over

Item

As on Oct. 29, 2010

Week

End-March 2010

End-December 2009

Year

`
Crore

Dikshit to travel to Tokyo for Asian cities’ summit

NEW DELHI – Delhi Chief Minister Sheila Dikshit will be in Tokyo on a four-day visit from Saturday to attend a summit on development of major Asian cities, including the Indian capital.

Dikshit is leading a five-member delegation to the Japanese capital for ninth plenary meeting of Asian Network of Major Cities (ANMC), an official …. Original article : Dikshit to travel to Tokyo for Asian cities’ summit.

HUDCO moves court for stake in Kochi airport

KOCHI – The government-owned Housing And Urban Development Corporation Ltd (HUDCO) has filed a case in an Ernakulam court, asking it to direct the Cochin International Airport Ltd (CIAL) to transfer 26 percent of its equity shares to HUDCO as part of a prior agreement.

According to the petition, HUDCO had sanctioned loans worth Rs.143.23 … Read more : HUDCO moves court for stake in Kochi airport.

Badal government has failed to lift paddy: Amarinder

CHANDIGARH – Punjab Congress president and former chief minister Amarinder Singh Friday blamed Chief Minister Parkash Singh Badal’s government in the state for the suffering of farmers whose paddy stocks were not being bought by procurement agencies in time.

Amarinder made an unscheduled visit to the Khanna grain market — the biggest grain market in …. Source article : Badal government has failed to lift paddy: Amarinder.

India Inc looks forward to Obama visit

NEW DELHI – Corporate India is expecting US President Barack Obama’s India visit beginning this weekend would result in more opportunities for business in the American market and the world’s largest economy will remain accessible to exports from the country.

“The fact that President Obama’s first public appearance in India will be at a business … Original article on : India Inc looks forward to Obama visit.

India, US to sign pact on weather, crop forecasting

NEW DELHI – India and the US are set to sign a pact on weather and crop forecasting, a step that will deepen their cooperation in agriculture.

“We hope to conclude an MoU (memorandum of understanding) on weather forecasting and crop forecasting, Foreign Secretary Nirupama Rao told reporters here ahead of the Nov 6-9 … Original source on Gaea Times at : India, US to sign pact on weather, crop forecasting.