INDIA

Manmohan Singh

Fresh headaches for PM as corruption scam rages

Prime Minister Manmohan Singh faces more political headaches after the Supreme Court pressed for deeper probes into a multi-billion dollar corruption case and a ruling coalition ally was implicated in the scandal.

China sees U.S. stoking Brazil, India anger over yuan

The United States has incited Brazil and India to criticise China's currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.

De Beers returns to profit, remains cautious

De Beers
De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.
More news

CBI arrests DB Realty MD in corruption probe

The Central Bureau of Investigation (CBI) arrested the vice chairman of a joint venture between a local firm and Abu Dhabi's Etisalat in connection to a massive telecoms scandal that has crippled the government.
Asia-Pacific at risk from climate migration: ADB

Asia-Pacific at risk from climate migration: ADB

Governments in the Asia-Pacific region face the risk of unprecedented numbers of people displaced by floods, storms and other impacts of climate change, the Asian Development Bank (ADB) said in a report on Monday.
US Airforce

Northrop Grumman sees India sealing $11 bln deal in '11

U.S. defence contractor Northrop Grumman expects India to seal a deal to spend $11 billion on new fighter jets by the end of this year, as it supplies fuselage and radars to manufacturers bidding for the order, an executive said on Monday.
India's Prime Minister Manmohan Singh attends the Indian labor conference in New Delhi November 23, 2010

India govt hit by two new telecom scandals - reports

India is probing two new cases involving the allocation of telecoms spectrum, increasing the pressure on Prime Minister Manmohan Singh's government already hit by a telecoms graft scandal, local media reported on Tuesday.
Virender Sehwag (R) plays a shot as New Zealand's wicketkeeper Gareth Hopkins watches during the sixth one-day international cricket match in the tri-series in Dambulla August 25, 2010.

India's batmakers hit for six by global sponsors

When the world's batsmen dazzle crowds at this month's cricket World Cup, many will use bats hand-made in India. But lucrative global branding that masks the bats' true makers threatens the country's craftsmen.
Analysis: Price boom puts palm oil on emerging markets' radar

Analysis: Price boom puts palm oil on emerging markets' radar

Palm oil output and stocks, already lagging robust demand due to rains in top Southeast Asia producers, could be made worse should the cooking ingredient become the next target for emerging markets seeking to buy big and dampen adverse effects of booming world food prices.

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