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 What Is India News Service Wednesday, February 21, 2007

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Indo-Pak Agreement on Nuclear Accidents

The foreign ministers of India and Pakistan vowed to fight terrorism and sign an agreement to reduce the threat of accidentally triggering a nuclear war.

Abbott's AIDS drug in a patent spot in India

US drug-maker Abbott Laboratories seems to have "abandoned" its patent application on the soft gel (SG) version of Kaletra at the Indian patent office.

Stuck in second gear

Pakistan need to debate whether being doubted for lack of commitment is worse than being viewed as an incapable ally says Husain Haqqani.

* * *

Chinese Litter on Taiwan Shores
Bottles, plastic bags, rags and effluent from China is washing up on the otherwise pristine beaches of the Taiwan-controlled, sub-tropical island of Kinmen, better known in the West as Quemoy.

India Emerging as Online Tutoring Hub
is fast emerging as the global online tutoring hub by delivering top-notch teaching services at down-to-earth rates.

Taliban to Ramp Up Attacks Says NATO
NATO-led forces will face "hard fighting" this spring in Afghanistan's volatile south and west, where the Taliban is gearing up for increased suicide and roadside bomb attacks.

GE, Air India enter pact for eco-friendly engines
General Electric Company (GE) on Tuesday signed a memorandum of understanding (MoU) with Air India to help the airline achieve its goal of becoming an environmentally sustainable airline with proper environment- friendly programmes and practices.

India is Asia's 'creative power'
Creative and Innovative Economy Centre (CIEC) of the George Washington University Law School described India as Asia's "creative superpower."

Japan Warns of More NK Sanctions
Japan will consider further sanctions against North Korea unless Pyongyang makes a "sincere" effort to address its past kidnappings of Japanese nationals.

Army Keen to Finish ULFA
The chief of the army’s eastern command, Lt Gen. A.S. Jamwal, has asked officers and troops engaged in the offensive along the Assam-Arunachal Pradesh border to ensure that the militant group does not get any breathing space, unlike on previous occasions.

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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.

Indian Team to Pak to Close IPI
An Indian team will leave for Islamabad on Thursday to negotiate the transit fee that Pakistan will charge for the overland Iran-Pakistan-India natural gas pipeline.

Govt's Wheat Panic
The government has informally told the top corporates in the country's wheat business to refrain from purchasing the grain in major growing regions during the upcoming procurement season.

Australian copper for Sterlite unit
Kagara Zinc has entered into a long-term agreement for supply of 1,00,000 tonnes of copper concentrate from Australia.

Sony Imageworks Invests 50.1% stake in FrameFlow
The US-based Sony Pictures Imageworks has picked up a 50.1 per cent stake in FrameFlow, a Chennai-based company that provides `special effects' services for film production.

Afcons-Aussie Company in Mining Pact
Afcons Construction Ltd is collaborating with an Australian company for deep pit mining in India.

Indian firms IT budget rising at 16.2%
The IT budgets of Indian companies in 2007 is expected to increase by 16.2 per cent whereas the IT spends of global companies will average just about 3.2 per cent, states the Gartner EXP CIO survey 2007.

DHL sees strong growth in South Asia
DHL Express said rising trade within south Asia and Asia-Pacific is boosting growth of express delivery shipments, but a trend toward more local sourcing is a challenge.

Tata & Singapore to Jointly Bid for Airport Contracts
Tata Group and Singapore's Changi Airports have set up a joint venture to bid for contracts to run the fast-growing airports in the east Indian cities of Kolkata and Chennai.

SL scrap metal export rules hit Indian units
Sri Lanka's exports of scrap copper and other metals to India have been hit by wider security moves taken by the island nation as it tries to stop shipments of material that may be used in weapons.

Ranbaxy plans $2bn ADS to buy Merck arm
Ranbaxy Laboratories plans to raise $2 billion via American Depository Shares (ADS) to fund the proposed acquisition of German pharma firm Merck’s generics business.

Pharmacy Outsourcing on the Rise
Eli Lilly, Wyeth and GlaxoSmithKline have all outsourced chemistry work to Indian companies. Bayer is among those that closed down major research facilities in the US last year.


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