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 What Is India News Service Thursday, March 22, 2007

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Assertive Japan

When Shinzo Abe became prime minister of Japan two months ago, it was widely expected that he would stiffen his country’s nationalist backbone.

Russian Rlys keen on India taking part in rail-cum-sea link

The Russian Railways has initiated talks with the Indian Railways to take a lead in forming a consortium (an operating company) that would offer container transportation service between Russia, Iran and India through a rail-cum-sea link.

A muddle on national security and foreign policy

Even those who support New Delhi's efforts to expand cooperation with the US are worried about the perceived readiness to accept American prescriptions on relations with Pakistan.

* * *

India, Israel hold talks on maritime pact
India and Israel have agreed to explore areas of cooperation in road safety programmes and the Maritime Agreement will be expedited with the finalisation of the Model Shipping Agreement by July this year.

Natural gas export: Yangon chooses China
In a setback to India's attempts to enter into energy tie-ups with its neighbours to achieve total energy security, Myanmar has turned down a proposal to export gas to India, and instead, decided to business with China.

India warns Pak of pulling out
India has threatened to walk out of the $7 bn Iran-Pakistan-India gas pipeline project if Islamabad did not bring down the fee it wants to charge for allowing flow of natural gas from Iran to India.

Industry responsible for rehabilitation
Facing an image crisis over forcible land acquisition for industrial projects the government amended the rules of Special Economic Zone to ask industry to provide for rehabilitation of displaced persons.

Uzbek, tribal militants clash
Fierce fighting has raged between tribal and foreign militants in South Waziristan in Pakistan's Federally Administered Tribal Areas killing more than 100 people.

LTTE attacks army camps
At least 12 persons, four soldiers and eight Tamil Tiger cadres, were killed as the LTTE attacked four army camps and checkposts in the Batticaloa district.

24 killed in Nepal clash
Twentyfour persons have died in a clash between cadres of the Communist Party of Nepal(Maoist) and the Madhesi People's Rights Forum (MPRF).

We have no offensive designs: Musharraf
Pakistan will showcase its two newly acquired JF-17 Thunder fighter jets at its national day parade on March 23.

`India leads global offshore market'
India continues to be best global offshore destination for software offshore services while China is a close second, Sri Lanka and Pakistan are emerging as alternative destinations in Asia.

Indian IT biggies losing out to MNCs
Indian IT majors are far behind their MNC counterparts when it comes to striking big deals in the domestic arena, primarily because they currently do not offer a suite of services.

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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.

Recent Editorials

Wockhardt gets nod for sale of painkiller in US
Wockhardt Ltd has announced that it has got approval from the United States Food and Drug Administrator to sell its painkiller tablets in the US.

India Steamship, Korean co in pact for Aframax tanker
India Steamship (ISS), the shipping arm of Chambal Fertilisers & Chemicals Ltd belonging to the K.K. Birla Group, signed an agreement with Hyundai Heavy Industries Co Ltd of Korea to acquire an Aframax tanker.

Vascon, InterContinental tie-up for biz hotel at Balewadi
Vascon Engineers is constructing a four-star business hotel at Balewadi near Pune and has tied up with the InterContinental Hotels Group to manage it as a Holiday Inn hotel property.

German team looking for tie-ups with SMEs
A 19-member business delegation from North Rhine Westphalia in Germany scouting for investment opportunities and at possible joint ventures with small and medium-sized businesses.

Belgium seeks Indian investment in Flanders
Direct flights between New Delhi and Brussels and Mumbai and Brussels are likely to commence later this year.

TN signs pact with Irish co for power plant, coal port
The Tamil Nadu Government and the Ireland-based McNamara International Pvt Ltd have entered into an agreement that provides for McNamara International to set up a 2,000-MW power plant and a coal-handling port in Nagapattinam district.

Cabinet clears 74% FDI in telecom
The Cabinet today approved amendments to Press Note 5 of 2005 that impose stiff monitoring needs for telecom service providers, increasing foreign direct investment from 49% to 74%.

RIL, Rohm and Haas sign MoU for acrylic unit
Reliance Industries (RIL) and Rohm and Haas Company have signed a memorandum of understanding (MOU) to explore the joint construction of a world-scale acrylic-monomer complex in Jamnagar, India.

Govt expects Rs 24,000cr inflow in chip making
The government expects to attract an investment of around $6-10 billion by luring two-three fabrication units with at an investment of $2-3 billion each by 2010 .

Khanduri govt to favour small hydel projects
The new Uttarakhand government is likely to give preference to small dams over big ones like Tehri in its new policy guidelines for the power sector.

EU expects USD 25 bn FDI from India in 2007
The Foreign Direct Investment (FDI) outflow from India to the European Union (EU) can cross the 25 billion dollar (Rs 1,12,500 crore) mark this year.

ADB OKs infrastructure support loan for India
The Asian Development Bank said on Thursday it has approved a $50 million loan to India's Infrastructure Development Finance Company Ltd to support the country's huge development needs.

Aftek unit in licensing pact with Germany's BDT
Software firm Aftek Ltd said on Thursday its wholly-owned subsidiary has entered into a deal to licence its search technology to Germany's BDT AG.

France's Thomson mulling R&D centre in India
French technology group Thomson, which has eight research and development centres worldwide, wants to locate a ninth centre in India in coming years.

Tatas eyeing Deutsche Telekom's German IT unit
In line with its strategy of global expansion through acquisitions, corporate giant Tatas are reported to be in advanced stages of talks for buying the IT business unit of German telecom giant Deutsche Telekom.


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