India & Pakistan
Bank of America Hires Kaku Nakhate From JPMorgan Chase to Head Indian Unit Bank of America Merrill Lynch hired
Kaku Nakhate, vice chairman of JPMorgan Chase & Co.’s Indian
unit, to replace Kevan Watts as head of operations in the South
Asian nation.
Russia's Alrosa to Sign $490 Million Contracts to Supply Diamonds to India ZAO Alrosa, the world’s largest
diamond company, will sign contracts to supply $490 million of
the gems to India in the next three years as it seeks to double
sales to the country.
Food-Inflation May Slow in India After 18% Increase for Six Straight Weeks India’s food-inflation rate stayed
at around 18 percent for a sixth week, a sign that farm prices
may have peaked and will start declining soon.
AstraZeneca Ties Up With India's Torrent to Market Drugs in Nine Countries AstraZeneca Plc agreed to market 18
of Torrent Pharmaceuticals Ltd.’s medicines in 9 emerging
economies, marking the U.K. drugmaker’s first generic-drug
partnership.
Domino's Pizza Expects India to Be Its Fifth-Largest Market in Three Years Domino’s Pizza Inc., the second-
largest U.S. pizza maker, expects India to be among the
company’s five largest markets in the next three years as
business in the South Asian nation expands 42 percent annually.
Oil & Natural Gas Seeks Stake in Russia Fields as Putin Visits New Delhi India will seek stakes in Russia’s
oil and gas fields in partnership with Rosneft Oil Co. and
Gazprom OAO during Prime Minister Vladimir Putin’s visit to New
Delhi, a government official said.
Anil Ambani's India Venture Fund to Double Investments in Next Three Years Indian billionaire Anil Ambani’s
venture fund plans to invest in areas including so-called clean
technologies as it doubles investments over the next three years.
Sensex Index Climbs to Seven-Week High; Sun Pharmaceutical Leads Advance Indian stocks rose to a seven-week
high as optimism economic expansion will spur earnings growth
outweighed concern policy makers will withdraw liquidity to
contain inflation.
Satyam Computer Signs $48 Million Offshore Contract With Denmark's KMD Satyam Computer Services Ltd. has
signed a four-year offshore contract worth about $48 million
with Denmark’s KMD, the company said in a statement to the
Bombay Stock Exchange.
Sugar Output Surge in India to Cut Mills' Profits, Centrum Broking Says Sugar output in India, the world’s
biggest importer, may surge 60 percent in the next two years on
increased planting, depressing earnings at the country’s sugar
makers, Centrum Broking Pvt. said.
India's Stalled Arms-Buying System Leaves Its Military Outgunned by China India, which has tripled its
defense spending in a race against China’s military buildup, is
having trouble converting the funding into weapons and equipment
its military says are urgently needed.
Greeks Brace for Protests, National Strike Over Papandreou's Budget Cuts Greek hospitals, airports and
schools were shut and police scuffled with protesters as unions
staged the second general strike this year against government
budget cuts to curb the European Union’s biggest deficit.
Red-Coral Rescue Plans Endanger Italian Jewelry Makers of Torre del Greco The people of Torre del Greco, 10
miles south of Naples, have lived off the red corals found in
the Mediterranean Sea for more than two millennia. A proposal to
list the species as endangered may push the seaside town’s $217
million-a-year coral industry into extinction.
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