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 What Is India News Service Friday, February 16, 2007

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Indus Water Cooperation Needed

B.G. Verdhese argues that the Swiss expert's independent decision on Baglihar Dam opens new possibilities to cooperate.

Indo-Italian MoU Windfall

Eleven memoranda of understanding were signed between various Indian and Italian companies primarily from the auto sector (three) followed by two each in the defence and electronics, oil and gas, banking and finance and education sector.

Credit Suisse Predicts 10% Growth

The Credit Suisse Emerging Markets Economics Research predicts acceleration in India’s GDP growth to 10 per cent in fiscal year 2007-08.

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Myanmar Wants Pipeline Without Bangla
A Myanmar diplomat was quoted saying that his nation prefers a pipeline for natural gas directly to India and not through Bangladesh.

Hypersonic Reusable Missile
India is planning to develop a more advanced hypersonic reusable missile, which will go to target, deliver the warhead (attack the target) and return to the base.

US Conventional Plan to Obliterate Iran is Complete
Expert Dan Plesch says American military operations for Iran "extend far beyond targeting suspect WMD facilities and will enable President Bush to destroy Iran's military, political and economic infrastructure overnight using conventional weapons."

E.U. Links NPT, CTBT to Nuke Deal
The European Union (EU) wanted India to accede to Nuclear Non- Proliferation Treaty (NPT) and the Comprehensive Test Ban Treaty (CTBT) before the 25-nation body can decide on cooperating with the civilian nuclear deal.

SLAF Pounds Tiger Positions
After saying that the "peace process is not dead," the Sri Lankan Air Force pounder Tiger held positions Palai areas

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Ancient Indian dynasties documented their administration, significant developments, grants, and milestones as inscriptions in temples. The Archaeological Survey of India (ASI) has documented these inscriptions from 1886. These pages contain inscriptions from Pallava, Chola, Pandya, Western Chalukya, Eastern Chalukya, Rashtrakuta, Hoyasala, Vijayanagara, Vishnukundin, Kakatiya, Reddi, Vaidumba, Chinda, Eastern Ganga, Gajapathi, Kalchurya, Qutb-Shahi of Golkonda, and Moghul,  dynasties.


Support to Oppose Novartis's Patent Move
Several supporters from the U.S. and the E.U. are supporting the international health organizations' opposition to Novartis's move to stop generic drug production.

Cipla's Global Malaria Initiative
Cipla and global non-profit organisation Drugs for Neglected Diseases Initiative (DNDi) have partnered to develop and supply a new anti-malarial combination drug.

NPIL's New Integrated Manufacturing Plan
Nicholas Piramal India (NPIL) announced a new programme to integrate its manufacturing capabilities and plans to invest $50 million (Rs 220 crore) in new formulation facilities till 2009 in India and UK.

US FDA Shuts Ranbaxy
"criminal investigators" of US Food and Drug Administration (FDA) shut down the headquarters of India’s largest pharmaceutical company Ranbaxy Laboratories.

Indonesia Avian Flu
Indonesia refused to supply any more samples to the World Health Organization (WHO).

Leyland-Volvo Deal?
Reports suggest an equity tie up between Hinduja owned Ashok Leyland and Swedish Volvo.

IT Outsourcing in US to Grow at 5.9%
A new report predicted that the American IT outsourcing market will increase at a compounded annual rate of 5.9 per cent, from $13.3 billion in 2006 to $17.7 billion by 2011.

China Finds Huge Mineral Deposits in Tibet
Official Chinese reports say that the government has discovered huge resources of vital minerals such as copper, lead, zinc, and iron ore in the Tibetan plateau.

NTPC to Raise Rs. 100K Crore
The largest power producer NTPC has planned to raise Rs 1,00,000 crore (USD 22B) in debt to finance its plans to increase production capacity from 27,000 MW to 51,000 MW over the next five years.


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