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 What Is India News Service Tuesday, March 27, 2007

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Renault, GM join battle for India's car market

The new $10,000 Logan sedan, slated by Renault and Mahindra for launch early next month, will go up against similar small models offered by Ford Motor Co, Tata Motors and Suzuki Motor Corp.'s Maruti Udyog.

Government rushes to enact historic N. Ireland deal

The government rushed on Tuesday to enact a landmark accord to restore power-sharing in Northern Ireland, a day after it was struck at historic talks between rival Protestant and Catholic leaders in Belfast.

UAE seeks closer trade ties with India

The United Arab Emirates sought closer cooperation with India to enhance bilateral trade.

* * *

Growth may slow down to 8% next fiscal: ADB
Monetary tightening to contain overheating as well as inadequate infrastructure is likely to slow down India's growth to a moderate 8% next fiscal against the expected 9.2%, the Asian Development Bank (ADB) has forecast.

Arab summit considers military plan
Arab countries should forge closer military and security ties, including nuclear cooperation, according to a document to be discussed at this week's Arab summit at Riyadh.

Bangladesh army chief attacks corrupt politicians
Bangladesh's army chief launched a scathing attack against the country's corrupt politicians Tuesday, saying they had to be rooted out in the graft-ridden country if the nation was to move forward.

Autodesk signs MoU with IIT Madras
Leading design software and digital solutions company, Autodesk Inc., signed an MoU with the Indian Institute of Technology-Madras, for establishing a 'Centre of Excellence', for innovative design and research.

Chinese FM to head first delegation
China positively evaluated the role of the SAARC in promoting regional cooperation and announced that its Foreign Minister would represent the country for the first time at the 14th summit of the organisation in New Delhi early next month.

Import policies to have impact on China trade
The impact of government policies to spur imports will be reflected in Chinese trade figures in the coming months, vice commerce-minister Gao Hucheng said on Monday.

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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

Volkswagen defers India plans; may review models
German auto major Volkswagen AG has deferred plans to host an on-site ceremony at Chakan in order to review the models that will be launched in the Indian market.

Sugar stocks rise as Govt plans incentives for sector
Sugar stocks went up even as the Sensex went down 161 points on news of a sugar buffer scheme and export incentives to the industry.

Govt may not allow ONGC-BP alliance for Kutch block
Indications are that the Petroleum Ministry is unlikely to relent to a British Petroleum (BP) request to come in as a strategic partner in ONGC's exploration block in Gujarat's Kutch basin.

IOC plans $6bn refinery in Turkey
Indian Oil Corporation (IOC), the country's largest refiner and marketer of oil products, is pitching to build a $5-6 billion greenfield refinery at Ceyhan in Turkey, in partnership with Turkish company Callik Energy.

Govt may import 30 lakh tonne of wheat: Pawar
In order to feed public distribution system and other social welfare measures, Agriculture Minister Sharad Pawar today said it could import about 30 lakh tonnes of wheat this year.

DLF forms $10 bn JV with UAE firm
New Delhi-based real estate builder DLF and Nakheel, a large property developer from the UAE, today signed a 50:50 joint venture for two integrated townships spread across 40,000 acres in India with an initial investment of $10 billion.

Videocon likely to set up Dubai unit
Consumer goods maker Videocon Industries plans to invest more than Rs 1,000 crore ($230 million) to set up a new manufacturing unit in Dubai, according to Chairman V N Dhoot.

Steel cos should invest more in India: PM
Steel companies should invest more in the Indian market and have a responsibility to ensure that steel was available at reasonable prices, Prime Minister Manmohan Singh said.

RIL leads race in Guatemala
Reliance Industries Limited (RIL) has emerged front-runner in pre-selection bidding to set up a $7.73-billion greenfield refinery-cum-power project in Guatemala.

Railways for dedicated tracks to move iron ore
Indian Railways has proposed a joint consultative mechanism with steel manufacturers for setting up dedicated railway tracks for movement of iron ore.



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