INDIA

President Mohamed Nasheed of the Maldives

VP Manik is New President of Maldives

President Mohamed Nasheed of the Maldives, widely credited with bringing democracy to the Indian Ocean archipelago, handed over the post to Vice-President Mohamed Waheed Hassan Manik.
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Mohamed Nasheed

Maldives President Quits; Suspects Coup

President Mohamed Nasheed of the Maldives, widely credited with bringing democracy to the hideaway resort islands, resigned on Tuesday after weeks of opposition protests erupted into a police mutiny and what an aide said amounted to a coup.
Kingfisher

Indian Airlines Can Import Jet Fuel Directly

Indian airlines will be allowed to import jet fuel directly under a proposal from a ministerial panel, Aviation Minister Ajit Singh said, sending airline shares sharply higher on the prospect they will be able to cut costs.
RBI

RBI’s Prohibitory Notice Prompts Manappuram to Hold Board Meeting

Manappuram Finance Ltd (MNFL.NS), which provides loans using gold as collateral, said on Tuesday its board will meet on February 10 to discuss a Reserve Bank of India (RBI) notice that prohibited it from accepting or renewing deposits from the public.
Worker

India's Economic Growth Estimated at 6.9 Percent this Fiscal Year

The Indian economy is estimated to grow 6.9 percent this fiscal year, its slowest pace in three years, the government said, as tight monetary policy and a logjam in government policy making coupled with weak global conditions stifles investment.
International Business Times Logo

China Bars its Airlines from EU Emissions Scheme

China on Monday barred its airlines from a European scheme to reduce carbon emissions, hardening its stance a week before a summit at which the European Union will seek Chinese help to ease its debt crisis.
British actress Hurley poses with her son Damian during an event for the Breast Cancer Awareness in Mumbai

Western Women Should Not Wear The Indian Sari

I find the whole spectacle rather patronizing and yet another effort to both “trivialize” and unnecessarily “exoticize” Indian women and their lifestyles.
Uninor

Telenor to Fight Supreme Court Order on Licence Cancellation

Norway's Telenor ASA (TEL.OL) plans to fight an order by the Supreme Court to cancel 122 telecoms licences held by its Indian joint venture, but has not ruled out abandoning the country altogether, the head of the company's Asian operations said.
Yuvraj Singh

Yuvraj Singh's Cancer is Curable: Doctor

Yuvraj Singh's cancer is curable and the hard-hitting Indian batsman is likely to be back in training in May, a New Delhi oncologist said on Monday.
Maersk Ronneby

European Union-India Free Trade Deal Hits Deadlock over Duties

Hopes of India and the European Union striking a free trade deal at a summit this week are fading fast, with differences over duties on cars and market access for software and service companies standing in the way of an accord.
BSE Sensex

BSE Sensex Rises for Fifth Straight Session

The BSE Sensex rose for the fifth straight session on Monday, ending 0.58 percent higher, after last week's robust U.S. jobs data helped improve risk appetite, but the rally in the local market is expected to take a breather soon.
India increases base import price of gold, silver

Gold Demand in India Rises Following Prices Drop

Gold demand in India, the world's biggest buyer of the yellow metal, edged up as prices extended losses for a third straight session, spurring traders to stock up given the wedding season.
BSE Sensex

Indian Stocks Rise on U.S Job Data Boost

Indian stock markets opened on a positive note and continued to trade in the green on Monday, boosted by unexpectedly healthy news from the U.S. jobs front that is widely seen as a sign of global economic recovery.

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