Business News – Newsletter for January 9, 2011

Sunday, January 9, 2011

Not reaching out to NRIs for money: Ahluwalia

NEW DELHI – The Indian government is not reaching out to NRIs for their money but wants them to take more interest in this country, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Sunday, adding that overseas Indians should send their children on holidays to discover the land of their origin.

The government is …. Source : Not reaching out to NRIs for money: Ahluwalia.

Gujarat has 11 percent GDP growth rate: Modi

NEW DELHI – Gujarat Chief Minister Narendra Modi said Sunday his state’s gross domestic product (GDP) growth rate was 11 percent, which was more than of China, while the agriculture growth rate stood at a high 9.6 percent.

Addressing an interactive session on the concluding day of the three-day Pravasi Bharatiya Divas, Modi said while …. Source : Gaea News Network.

India’s growth helping global economy: World Bank chief

NEW DELHI – India’s fast-paced growth is helping the global economy come out of the crisis and its status as a rising financial power is closely connected with its own internal dynamics, World Bank President Robert B. Zoellick has said.

“Indias return to high levels of growth is helping the global economy recover from the … Read this article on Gaea Times at : India’s growth helping global economy: World Bank chief.

Late Indian-origin godman to boost Nepal’s tourism

KATHMANDU – Four years after he died, controversial Indian-origin godman Chinmoy Kumar Ghose – called Sri Chinmoy by disciples – will have his memory resurrected with followers unveiling his statue at a prime holiday destination in Nepal, a move that coincides with the celebration of Tourism Year 2011 in the Himalayan republic.

After Norway, Indonesia, … Read : Late Indian-origin godman to boost Nepal’s tourism.

Rising food prices a matter of deep concern: Pranab

BHUBANESWAR – The rising food prices are a matter of deep concern and the central government has taken measures to improve the situation, Finance Minister Pranab Mukherjee said here Sunday.

It is a matter of deep concern, he said after delivering a lecture at the foundation day function of state-owned National Aluminium Company (Nalco).
I …. Source : Rising food prices a matter of deep concern: Pranab.

Hyundai Equus Races Ahead Of Rivals

SAN FRANCISCO (GaeaTimes.com)- South Korea based Hyundai motors which was known as a maker of affordable compact cars in Europe and U.S. car market, is desperate to re-brand itself as a company that also makes luxury sedans. The company is now rolling out high end models in the U.S. market which are meant for … Read the original article on Gaea Times at : Hyundai Equus Races Ahead Of Rivals.

Icy winds in Delhi, fog delays flights

NEW DELHI – Chilly winds added to Delhi’s bitter cold Sunday with the maximum temperature not likely to exceed 12 degrees Celsius. At least a dozen flights were delayed at the airport here due to light fog.

“The minimum temperature was two notches below the average at 5 degrees Celsius. A chilly wind blowing over … Read more : Icy winds in Delhi, fog delays flights.

Sue Patkar for Lavasa work stoppage: NCCL chief

GANDHINAGAR – The Lavasa Corporation should file a criminal case against Medha Patkar and others for bringing disrepute and financial losses to their project, a leading civil liberties activist said Saturday.

The loss incurred to the project because of the stoppage of work must also be recovered from Patkar and her allies, National Council for …. Read the original article : Sue Patkar for Lavasa work stoppage: NCCL chief.

Export grows 36.4 per cent in December 2010: Commerce Secretary

NEW DELHI – India’s exports have registered a growth of 36.4 per cent during December 2010, at 22.5 billion dollars.

Stating this at a press interaction here on Saturday, Commerce Secretary Rahul Khullar said that during the period April-December 2010, exports reached a … Original article on : Export grows 36.4 per cent in December 2010: Commerce Secretary.

Yechury faults Sibal’s zero loss claim in 2G spectrum row

BANGALORE – Communist Party of India-Marxist (CPI-M) leader Sitaram Yechury Saturday said Communications Minister Kapil Sibal appeared to be in a “cover-up” exercise over the 2G spectrum scandal.

Yechury termed as “bizzare” Sibal’s argument that there was zero-loss in 2G spectrum allocation, the row over which resulted in the resignation of A. Raja as communications … Read : Yechury faults Sibal’s zero loss claim in 2G spectrum row.

Dubai to host six international expos in January

Dubai, Jan 8 (IANS/WAM) Dubai will host six major international expos in the sectors ranging from Petrochemicals to healthcare in January.

The expos represent the petrochemicals, security, education, human resources, production services and healthcare and biotechnology sectors. The events will be organised at the Dubai World Trade Centre (DWTC).
January’s programme will set the …. Source article on Gaea Times at : Dubai to host six international expos in January.

Indian economy remains attractive place for investments: Pranab Mukherjee

NEW DELHI – Union Finance Minister Pranab Mukherjee on Saturday noted that India still remained a favoured destination for international players to invest.

Mukherjee said this while addressing delegates of the Global Advisory Council of People of …. Source article on Gaea Times at : Indian economy remains attractive place for investments: Pranab Mukherjee.

Delhi underground metro will be bigger than London’s by 2017

NEW DELHI – The length of the underground metro in Delhi will be increased to 416 km by 2017, making it the largest in the world, Road Transport Minister Kamal Nath said Saturday.

“By 2017 Delhi underground metro will be larger than London’s metro. We will have 416 km underground metro by the end of … Original article on : Delhi underground metro will be bigger than London’s by 2017.

Snow closes British airport

LONDON – The Edinburgh airport in Britain was Saturday forced to close due to heavy snow, affecting thousands of passengers, a media report said.

The airport, one of the busiest in Scotland, was closed for hours after nearly three inches of snow settled overnight, the Daily Telegraph reported.
More heavy snow is expected …. Read the original article : Snow closes British airport.

Ex-judge, bureaucrat to probe Adarsh scam

MUMBAI – The Maharashtra government Saturday appointed a two-member committee, comprising a retired high court judge and a retired chief secretary, to probe into various aspects of the controversial Adarsh Co-Operative Housing Society in south Mumbai. The panel will submit its report within three months.

“The committee will be headed by former Bombay High Court …. Read the original article : Ex-judge, bureaucrat to probe Adarsh scam.

Target Logo Change Makes News

SAN FRANCISCO (GaeaTimes.com)- Target Corporation the US based retail giant is going for a change in its logo. The changing economy as well as volatile market could be the driving force behind the logo alteration. The move comes on the heels of the Starbucks logo change. A Target spokesperson named Barry Finkelstein said on …. Source : Target Logo Change Makes News.