India & Pakistan
India Rejects Genetically Modified Vegetable, Hampering Monsanto Expansion India’s government rejected the
nation’s first genetically modified food after protests by
farmers, hampering the expansion of seed makers including
Monsanto Co. in the world’s second-most populous nation.
Bharat Heavy to Boost Exports as Rivals Larsen, Toshiba Expand in India Bharat Heavy Electricals Ltd.,
India’s biggest power equipment maker, plans to double exports
as expansions by rivals such as Larsen & Toubro Ltd. and Toshiba
Corp. threaten a supply glut in its main market.
Asian Stocks Climb as Greece Concern Eases; BHP, Nissan Advance on Profit Asian stocks rose after European
officials said they may help Greece grapple with its budget
deficit, easing concern a sovereign default will cripple a
global economic recovery.
India to Complete Building First Oil Storage Tank by Middle of Next Year India will complete building its
first crude oil storage terminal by the middle of next year as
it seeks to insulate the country against price fluctuations and
ensure fuel supplies.
Rain Ends Pakistan Drought; Wheat Output May Rise, Weather Department Says Rain and snowfall across Pakistan
this week ended drought-like conditions and may increase wheat
output, the weather department said.
National Commodity Exchange's Turnover to Surge 68%, CEO Ramaseshan Says India’s National Commodity &
Derivatives Exchange Ltd., partly owned by Goldman Sachs Group
Inc., said it expects turnover to surge 68 percent this year as
the global economy recovers.
Renault, Mahindra in Talks to Restructure Indian Joint Automaking Venture Renault SA, France’s second-biggest
carmaker, will set up its own distribution network in India as
the manufacturer discusses reorganizing its joint venture with
partner Mahindra & Mahindra Ltd.
Temasek Said to Start Multibillion Investment Company With Its Own Money Temasek Holdings Pte, Singapore’s
state investment firm, is setting up a wholly owned multibillion
dollar investment company with its own money, three people with
knowledge of the matter said.
Rupee Gains as Exporters Sell Dollars to Take Advantage of Three-Day Drop India’s rupee strengthened, snapping
a three-day loss, on speculation exporters sold dollars to take
advantage of the local currency’s decline to its lowest level
this year.
Sri Lanka's Rajapakse Dissolves Parliament to Set Early Election, AFP Says Sri Lankan President Mahinda
Rajapakse dissolved the national parliament, preparing a path
for a national election two months ahead of schedule, Agence
France Presse reported, citing presidential spokesman Lucien
Rajakarunanayake.
Chidambaram Says India Made `Significant' Advance in Anti-Maoist Campaign India has made significant progress
in its campaign to wrest control of parts of eastern and central
states from Maoist rebels, and extra forces will be deployed,
the home minister said.
Somali Pirates Say India-Operated Ship Freed for $3.1 Million, AFP Reports Somali pirates said an Indian-
operated ship and its crew of 26 were freed for payment of a
$3.1 million ransom, Agence France-Presse reported.
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