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Jun 5, 2013

INDIA News, Jun 05, 2013

India, Japan draw closer, with an eye on China
Washington Post
NEW DELHI — During a three-day visit to Japan this week, Indian Prime Minister Manmohan Singh signed several major infrastructure and defense-technology deals, and agreed to speed up dialogue on nuclear cooperation and conduct more joint naval ...
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India's Human Cash Machines
Wall Street Journal (India) (blog)
The work of agents like Mr. Baghel is critical to the Reserve Bank of India's aim of providing bank services to India's 600,000 villages by 2016. But at a conference this week to discuss their work, many complained they were not being paid in a timely ...
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India warned by China's Communist Party daily over Japan ties as Manmohan ...
Indian Express
Prime Minister Manmohan Singh's just concluded Japan visit continues to rile China, with a state-run daily warning that India could get close to Tokyo "at its own peril" and ties with it "can only bring trouble" to New Delhi. After attacking Japan ...
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India hopeful for better ties with Pakistan under new PM Nawaz Sharif
Channel News Asia
NEW DELHI: With Nawaz Sharif being sworn in as the 12th prime minister of Pakistan on Wednesday, India is hopeful for better bilateral ties under the new leadership. The transition of power from one democratically-elected government to the other for ...
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India's "Tiger" economy loses some teeth
USA TODAY
NEW DELHI (AP) — India's economy expanded at its slowest pace in a decade last fiscal year, adding to pressure on the government to speed up economic reforms. Government figures released Friday showed that growth for the 12 months ended March 31 ...
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India Has Tough Road to Champions Trophy
New York Times
India has titles from almost all the major international cricket tournaments – World Cup in 1983 and 2011, World Championship of Cricket in 1984 and World Twenty20 in 2007. But it has never triumphed in the Champions Trophy. The closest India came was ...
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India's MS Dhoni dodges questions about IPL spot-fixing scandal
The Guardian
Dhoni had been widely criticised before India flew out of Mumbai for refusing to answer any questions about the Indian Premier League spot-fixing scandal, which has sucked in the Super Kings following the arrests of Gurunath Meiyappan and of the ...
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India services activity picks up pace in May
Economic Times
The resulting decade-low rate of 5.0 per cent for the fiscal year ended March 2013 is a far cry from the near double-digit rate recorded until two years ago when India was widely expected to be one of the main drivers of the global economic recovery.
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India Cricket Chief Steps Aside
Wall Street Journal (blog)
N. Srinivasan has temporarily stepped down from his post as president of Indian cricket's governing body following a buildup of pressure since it emerged his son-in-law had been arrested for allegedly being involved in illegal betting on matches.
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India Raises Gold Import Duty to Cut Current Account Deficit
Bloomberg
India, the world's largest gold buyer, increased a tax on bullion imports to curb a record current-account deficit at a time when the World Gold Council predicts record quarterly demand for the metal in the country. The duty will rise to 8 percent from ...
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India's Sun Pharmaceuticals Readies $5 Billion Deal for Sweden's Meda
Wall Street Journal (India)
Mumbai-based Sun, India's largest drug maker, has been canvassing banks to help line up funding for such a deal, people familiar with the matter said. Sun is currently seeking letters of credit from banks and will present those to Meda's board to ...
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India, Australia raise the pitch on maritime cooperation
The Hindu
India and Australia have agreed to hold a joint Naval exercise in 2015 to raise their defence cooperation initiatives to a higher level and strengthen their strategic partnership. Defence Minister A.K. Antony, who is on a two-day visit to Australia ...
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Mumbai, India, may ban mannequins in lingerie from sidewalks
CBS News
A man walks past a mannequin displaying lingerie at a mall in Mumbai, India, May 31, 2013. / AP. MUMBAI, India Mannequins displaying lingerie and other skimpy clothing may soon be banned inIndia's cosmopolitan city of Mumbai as an anti-rape measure.
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India's Sensex Poised for Year's Best Month; Tata Motors Leads
Bloomberg
Indian (SENSEX) stocks climbed, putting the benchmark index on course for the biggest monthly gain since November. Automakers rose after their earnings beat estimates and ahead of a government that may show economic expansion. The S&P BSE ...
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India authorities dismiss Nokia tax appeal
Reuters India
It has been expanding its Asha line of phones and India is widely seen as a key market for models that straddle the border between high-end feature phones and the smartphones on which Nokia has suffered against rivals Apple and Samsung. The company ...
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India Growth Holds Below 5% as Policy Logjam Hurts Economy
Businessweek
India's economy expanded less than 5 percent for a second straight quarter as Prime Minister Manmohan Singh struggled to revive investment, adding pressure for further government policy changes to spur growth. Stocks slid. Gross domestic product rose ...
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India to have 348 mn internet users by 2017: Cisco
The Hindu
India has the fastest Internet traffic growth globally and is expected to have 348 million users by 2017, a study by networking giant Cisco said. According to Cisco's Visuals Networking Index (VNI) forecast (2012-17), Internet traffic in India will ...
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India's Sensex Rebounds From Three-Day Loss; Reliance Advances
Bloomberg
Most Indian stocks climbed after a three-day decline in the benchmark index lured some investors. Oil and gas companies led the advance. The S&P BSE Sensex rose 0.1 percent to 19,568.22 at close in Mumbai, with volume 25 percent less than the 30-day ...
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India businessman accused of raping Irish woman
CBS News
KOLKATA, India Police said Wednesday they have arrested a man accused of raping an Irish woman who volunteered at a children's charity in the Indian city of Kolkata. The local businessman who was arrested will be produced in court later Wednesday, ...
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India need to forget spot-fixing saga, focus on adaptation
Zee News
India need to forget spot-fixing saga, focus on adaptation Birmingham: Indian cricketers face the daunting twin tasks of leaving behind the IPL spot-fixing scam and adapting to the tough conditions here as they begin their preparations for the ICC ...
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India, China, Pakistan boost nuclear arsenals: study
Economic Times
STOCKHOLM: Three of the world's nuclear powers -- China, India and Pakistan -- have increased their arsenals over the past year, while the other five have cut their strength or kept it stable, the Stockholm International Peace Research Institute said ...
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India's Maoist Insurgency Grinds On
Bloomberg
An outlawed revolutionary group, the Communist Party of India (Maoist), which has for more than three decades carried on a guerrilla war in the forests of central India, carried out a vicious strike last weekend. On the evening of May 25, a band of ...
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India to acquire icebreaker for polar exploration
Times of India
Explaining India's interest behind buying the ship, Nayak said: "This signifies that we are serious about studying changes in climate change happening in the polar regions. Right now for experiments, we hire or charter the ships from private parties in ...
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India vs Sri Lanka Live Score: ICC Champions Trophy (Warm-up game)
Zee News
India have another wicket and this time Raina has perished. Kohli has been playing a gem of an innings and has also reached his fifty. Dinesh Karthik has come to the middle after Raina's dismissal. Sri Lankan bowlers are not giving away any easy runs ...
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India Clears Plan Toward Resolving Vodafone Tax Dispute
Bloomberg
Indian Prime Minister Manmohan Singh's Cabinet approved a non-binding proposal that would start a conciliation process to resolve a $2.2 billion tax dispute with Vodafone Group Plc. (VOD). The decision is the first step toward a resolution which will ...
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India Rupee Rises First Time in 3 Days as Drop Judged Excessive
Bloomberg
India's rupee rose for the first time in three days as some investors judged its decline to a 10-month low yesterday to be excessive. The 14-day relative strength index is 77.6, above the 70 threshold that suggests the rupee may advance. The Dollar ...
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India says its drugs safe despite Ranbaxy generics fraud
NDTV
In a bid to defend its generic export sector, the government also charged that "isolated reports" of spurious drugs found in global markets and alleged to be from India were "desperate attempts" by other countries hurt by "the strength of the Indian ...
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India's green mission caught in funds' crunch
Firstpost
New Delhi: India's ambitious plans to fight climate change by enhancing the forest cover at a cost of Rs 46,000 crore by 2020 have been stuck with no funds available since it was cleared by the Prime Minister's Council on Climate Change in 2011. The ...
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India probably world's 3rd largest economy: OECD
Economic Times
LONDON: India has probably surpassed Japan to become the world's third largest economy after the US and China, Paris-based think-tank OECD said today even as it lowered the country's economic growth projection for 2013 to 5.3 per cent. "China will ...
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Faking News, India's version of the Onion, acquired by news portal ...
By Josh Horwitz
Faking NewsIndia's localized clone of the Onion, has been acquired by Firstpost, a major onlinenews portal, for an undisclosed amount.
The Next Web
Australia news : India was lowest point of my career - Watson ...
Shane Watson is eager to move forward from the debacles that Australia had to negotiate in Indiawith the first ever back-to-back Ashes series due to begin - Cricket news from Australia in England - The Ashes.
Cricket news from ESPN Cricinfo.com
Dhoni disorientated but India far from lost - ESPN Cricinfo
India's captain has a plan in place for the new ODI regulations and a new bowling star to spearhead his strategy - Cricket news from ICC Champions Trophy.
Cricket news from ESPN Cricinfo.com
IPL not compromising India's success - Dhoni - ESPN Cricinfo
MS Dhoni has insisted the IPL is not compromising the success of the India team - Cricket newsfrom ICC Champions Trophy. ... With the IPL having only finished on May 26, India's arrival in England was delayed until May 29. While several ...
Cricket news from ESPN Cricinfo.com
India Cricket News: Sachin Tendulkar shocked by corruption ...
Sachin Tendulkar has called the developments in Indian cricket over the last fortnight - charges of spot-fixing and betting in the IPL - "shocking and disappointing" - Cricket news from from cricket inIndia.
Cricket news from ESPN Cricinfo.com
India: Maoist attack puts civilians at risk of further violence | Amnesty ...
By Amnesty International
The killing of 24 people in the central Indian state of Chhattisgarh on 25 May could further escalate violence in the state, putting more civilians at risk.
News
India Cricket News: Options dwindle for top BCCI posts | ESPN ...
A day after taking charge of the BCCI's day-to-day affairs, Jagmohan Dalmiya is yet to fill up the key posts of board secretary and treasurer. The sticking point, it appears, is the lack of suitable candidates - Cricket news from from cricket in India.
Cricket news from ESPN Cricinfo.com
Kohli, Karthik set up strong win for India - ESPN Cricinfo
It says much for the enduring appeal of 50-over cricket that, despite looking the second-best team for much of the day, India still left Edgbaston celebrating an exhilarating victory with six deliveries to spare - Cricket news from ICC Champions ...
Cricket news from ESPN Cricinfo.com
India eyes icebreaker to use in Arctic - Nunatsiaq News
By janeg@nunatsiaq.com
That news comes less than a month after India, along with China, Italy, Japan, Republic of Korea and Singapore, were accepted as new observers at the Arctic Council. India's ministry of Earth Sciences is likely to move ahead with the ...
Nunatsiaq News - Online
American tourist gang-raped in northern India | Capital News
By AFP
NEW DELHI, June 2013 – An American tourist was allegedly gang-raped by a truck driver and two of his accomplices in the northern Indian state of Himachal Pradesh, police said Tuesday. “The 30-year-old was raped by men in a truck on ...
Capital News
Amazon Launches Amazon India Marketplace at Amazon.in - Jason ...
By Jason Del Rey
“Our vision is to become a trusted and meaningful sales channel for retailers of all sizes acrossIndia, enabling them to succeed and efficiently grow their business online,” Amit Agarwal, AmazonIndia's vice president and country manager, said in a statement. Amazon India is strictly a marketplace where third parties ... AllThingsD.com is a Web site devoted to news, analysis and opinion on technology, the Internet and media. But it is different from other sites in this space. It is a fusion of ...
AllThingsD
Abducted British Tamil couple rescued, eight arrested in UK and India
By admin
British couple rescued after India kidnapping | BBC News. A British couple have been rescued inIndia four days after they were kidnapped, local police have said. The couple, named only as Thavaraja and wife Salaja, were abducted on 29 ...
News Of The Trantamils
Canadian GP: Force India preview quotes - F1 news - AUTOSPORT ...
The emotions of Monaco are still fresh in our memory as our attention turns to Montreal for the Canadian Grand Prix. Both our drivers and the team performed superbly on the streets of Monte Carlo and it is very satisfying to see us fifth in the ...
autosport.com
India's promise of a new tender is met with scepticism - Interfax
By Sara Stefanini
Natural Gas NewsIndia is hoping to launch its 10th bidding round for conventional oil and gas blocks this fiscal year, but the policy changes needed to attract foreign companies still remain in limbo.
Natural gas news, analysis and...
The futile ban on Mumbai's mannequins - Rediff.com India News
But while our politicians are waging war against mannequins and trying to save society from being corrupted, maybe they would like to have a good look at the ...
www.rediff.com/news/column/the-futile.../20130603.htm
Fullerton India plans to raise up to Rs 750 mln via bonds - Hindustan ...
Fullerton India Credit Co Ltd plans to raise up to Rs 750 million ($13.35 million) via five-year bonds at 9.30%, two sources with direct knowledge of the deal said ...
www.hindustantimes.com/.../Article1-1068245.aspx
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